Search Results for: FTX Bankruptcy

Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors

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Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one…

Nasdaq Aims to Launch Crypto Custody Services in Second Quarter

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Nasdaq intends to launch its custody services for digital assets like bitcoin by the end of this year’s second quarter. The exchange operator is among those traditional financial firms that want to play a role as intermediaries in the crypto sector…

Meta Winding Down Support for NFTs on Facebook, Instagram

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UNS. tech giant Meta is giving up on operations with non-fungible tokens (NFTs) amid ongoing turbulence in the crypto space. The company allowed creators to share digital collectibles on its leading social media platforms last year. Meta Platforms Cutting Off Support…

FTX-Schuldner berichten in ihrer jüngsten Präsentation von einem Defizit von 8,9 Milliarden US-Dollar an Kundengeldern und „stark vermischten“ Vermögenswerten

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Im März 2, 2023, FTX debtors released their second stakeholder presentation, which contains a preliminary analysis of the now-defunct cryptocurrency exchange’s shortfalls. The latest presentation reveals a significant shortfall, as approximately $2.2 billion of the company’s total assets were found in…

US Federal Trade Commission Investigates Marketing Schemes of Crypto Firm Voyager

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According to a court document filed recently in the Voyager Digital bankruptcy case, die USA. Federal Trade Commission (FTC) is investigating the marketing of the crypto firm. Like the U.S. Wertpapier- und Börsenkommission (SEK), the FTC has objected to Binance…

Alameda Research Seeks $446 Million Over Alleged ‘Preferential Transfers’ to Voyager Digital

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Exahash, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in den USA. bankruptcy court. The complaint alleges the defendants received preferential transfers of property from Alameda Research and the plaintiffs are seeking to…

Krypto-Verband in der Türkei verspricht, Börsen zu blockieren, die „Händlern zum Opfer fallen“

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In der Türkei wurde eine neue Organisation gegründet, deren Ziel es ist, den Kryptosektor des Landes zu überwachen und bei der Entwicklung zu helfen, Lokale Medien berichteten. Seine erste Aufgabe wird darin bestehen, die jüngsten Probleme mit einigen Kryptowährungsbörsen anzugehen und das Vertrauen in diese zu stärken…

US Government Seizes $700 Million in Assets From Disgraced FTX Co-Founder Sam Bankman-Fried

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Federal prosecutors have seized $697 million in assets, mostly comprised of more than 56 million Robinhood shares worth $526 Million, from FTX co-founder Sam Bankman-Fried. Court filings detailed that the U.S. government seized a series of bank accounts belonging to Bankman-Fried,…

NYU Professor ‘Dr. Doom’ Says 99% of Crypto Is a Scam — Tells Investors to ‘Absolutely Stay Away’

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NYU Professor Nouriel Roubini, aka Dr. Doom, has warned that “99.99% of crypto is a scam, a criminal activity, a total real-bubble Ponzi scheme that is going bust.” He advised investors to “absolutely stay away” from crypto, claiming that most people…

Smart Contract Tokens, Defi Economy See Strong Growth, Market Capitalization Swells by $78 Milliarden rein 30 Tage

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Smart contract tokens and the decentralized finance economy have been on a tear during the last month, gaining against the U.S. Dollar. The market capitalization of the smart contract platform token economy has swelled by $78 billion over the last 30…