News list for "bankruptcy"
FTX administrators are being sued by creditor Lidia Favario for extravagant expenses. Favario points out that administrators spent too much on FTX bankruptcy proceedings, including high-end hotel accommodations and exorbitant transportation costs. She points to A & M professionals spending $971.74 a night at a luxury hotel in New York, and one professional paying $1,733 for a taxi. In addition, FTX also paid $2,683 for three taxis to wait for CEO John Ray's testimony. Favario appealed to the cou...
Cryptopia, a bankrupt New Zealand crypto exchange, has returned 400 million New Zealand dollars (about $225 million) worth of cryptocurrency to 10,000 verified account holders. Account holders of Bitcoin and Dogecoin have received their first cryptocurrency distributions, according to a public announcement from the liquidators. "Over 400 million NZ dollars have been returned on-chain in the last 48 hours," Cryptopia liquidator Grant Thornton noted.
According to Arkham's monitoring, about half an hour ago, Alameda Research: FTX Bankruptcy Estate Marked Address received 15.639 million POLs worth approximately $5.81 million from Polygon's multi-signature contract. Bankrupt Alamade Research is one of Polygon's investors.
据 Arkham 监测，大约半小时前，Alameda Research：FTX Bankruptcy Estate 标记地址从 Polygon 多签合约中接收了 1,563.9 万枚 POL，价值约 581 万美元，已破产的 Alamade Research 是 Polygon 的投资人之一。
On November 13th, according to Forbes, the FTX bankruptcy management team has launched 23 lawsuits against multiple entities, including Binance, Anthony Scaramucci and its SkyBridge Capital, Crypto.com, and Fwd.us, a lobbying group backed by Mark Zuckerberg. These lawsuits aim to recover billions of dollars lost due to the FTX crash, including lawsuits against Binance and former CEO Zhao Changpeng for up to 1.76 billion dollars. The lawsuit documents state that FTX founder S...
As FTX's estate attempts to recover money for creditors, 23 new lawsuits have been filed against Binance, Anthony Scaramucci, SkyBridge Capital, Crypto.com, and even Fwd.us, a lobby group backed by Mark Zuckerberg. The lawsuits allege that the money transferred to the groups was part of a larger "influence buying campaign" orchestrated by FTX founder Sam Bankman-Fried. According to the lawsuit documents, Bankman-Fried through sponsorship,...
Alameda Research, the trading subsidiary of bankrupt crypto exchange FTX, has filed a lawsuit against Aleksandr Ivanov, the founder of Waves and its affiliated entities, in an attempt to recover at least $90 million, The Block reported on January 11. Alameda said in a filing on Sunday that it seeks to transfer $90 million worth of assets owned by debtors in the bankruptcy of Alameda and FTX, adding that Alameda had previously deposited these assets in Waves.
FTX, which is in the midst of a bankruptcy reorganization, filed a lawsuit seeking to recover at least $11.40 million from the Crypto.com. The money was allegedly held in a Crypto.com account linked to FTX's sister company, Alameda Research. According to the lawsuit documents, the account was registered in the name of Alameda employee Ka Yu Tin, aka Nicole Tin. FTX said the practice was routine for Alameda to disguise its trading activities. FTX claims Alameda actually controlled and funded the ...
FTX Bankruptcy Group filed a legal filing on Oct. 24 agreeing to a $228 million settlement with the Bybit exchange in a lawsuit originally filed by FTX Bankruptcy Group in 2023 to recover money to pay back former customers and creditors. According to legal documents, the settlement will allow FTX to withdraw $175 million of digital assets held on Bybit and sell about $53 million of BIT tokens to Mirana Corp, the investment arm of the Bybit exchange.
Eight hours earlier, the address marked by Arkham as "Alameda Research: FTX Bankruptcy Estate" deposited 143,769.98 WLDs (~ $340,000) into Binance. The wallet currently holds 23.29 million WLDs (valued at $55.44 million), 98,861,446 BITs (valued at $67.47 million), 50 million BOBAs (valued at $10.30 million) and 6,874,524 STCs (valued at $2.12 million).
8小时前，被Arkham标记为"Alameda Research：FTX Bankruptcy Estate"的地址向币安存入143,769.98枚WLD（约合34万美元）。 该钱包目前持有2329万枚WLD（价值5544万美元）、98,861,446枚BIT（价值6747万美元）、5000万枚BOBA（价值1030万美元）以及6,874,524枚STC（价值212万美元）等资产。
Banq, which filed for bankruptcy last year, was dismissed by a US judge who said the filing was to protect the company and its executives from ongoing litigation by creditors. Banq and its chairperson, Jon Jiles, were sued by creditor N9, accusing Jiles of failing to meet his fiduciary duties. Judge Natalie M. Cox, who heard the case, called the bank's filing a "malicious" strategy to "gain an advantage in pending litigation" rather than restructure. In his ruling, Judge Cox wrote that the bankr...
The Avalanche Foundation purchased 1.97 million AVAX tokens from Terraform Labs' bankruptcy estate for $45.50 million, with a market value of $57.40 million.
The Mt. Gox official announced today that the bankruptcy administrator has basically completed the compensation work for the bankruptcy creditors who have completed the necessary procedures for receiving compensation and have not encountered any problems during the compensation process. However, many insolvency creditors have not yet completed the formalities required to receive repayment, and therefore have not received repayment; in addition, a significant number of insolvency creditors have n...
Creditors of bankrupt cryptocurrency exchange FTX are set to receive more than $12 billion under a court-approved payment plan in the coming months, raising the possibility that some of the cash could be reinvested in digital assets. According to FTX's release, the group has recovered between $14.70 billion and $16.50 billion, with creditors claiming $11.20 billion. Benjamin Celermajer, co-chief investment officer at Magnet Capital, said the expected F...
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