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“Former FTX US head Brett Harrison to spill dirt on crypto disaster” Former FTX US boss Brett Harrison pledged on Sunday night to spill more details about the doomed crypto exchange’s inner workings – and hinted he may already be cooperating with the feds. Harrison has kept a low profile in recent weeks as disgraced…
” FTX asset sales challenged by U.S. Trustee: Report “ Bankrupt crypto exchange FTX’s plans to sell its digital currency futures and clearinghouse LedgerX, among other businesses, were challenged by the U.S. Trustee on Jan. 7, according to Reuters. As per the filing, U.S. Trustee Andrew Vara called for an independent investigation before any sale,…
” Sam Bankman-Fried’s charitable donations sought by FTX: Report “ FTX’s new management is seeking to recover millions of dollars in donations made by the crypto exchange and its former CEO Sam Bankman-Fried, reports the Wall Street Journal. At the end of September, FTX’s charity arm, Future Fund, had committed more than $160 million to…
” FTX, Bahamian FTX DM reach agreement on info sharing, disposition of property, assets “ The FTX Debtors, made up of FTX and its affiliated debtors, and FTX Digital Markets (FTX DM), the Bahamian subsidiary of FTX, announced Jan. 6 that they have reached a cooperation agreement regarding the FTX Debtors’ Chapter 11 bankruptcy case…
“Party City plans bankruptcy filing within weeks : report” Party City is preparing to file for bankruptcy within weeks as its cash dwindled and inflation dampened sales, the Wall Street Journal reported on Friday, citing people familiar with the matter. Shares of the company fell about 58% to 15 cents in afternoon trade. The party supplies retailer, which has…
“Sam Bankman-Fried wants to use $460M Robinhood stake to fund legal defense” Indicted FTX founder Sam Bankman-Fried wants to use his contested $460 million Robinhood stake to fund his legal defense – despite allegations that he acquired it using money he borrowed from his doomed crypto hedge fund Alameda Research. Bankman-Fried’s attorneys petitioned a Delaware…
” Sam Bankman-Fried’s lawyers claim he needs Robinhood shares ‘to pay for his criminal defense’ “ The legal team for former FTX CEO Sam Bankman-Fried has filed a motion in an effort to stop the exchange’s debtors from controlling more than $450 million worth of shares of Robinhood. In a Jan. 5 court filing regarding…
” FTX customers want more info on FTX’s plans to sell subsidiaries “ A group of FTX customers has filed a limited objection to FTX’s plan to sell four independently-operated subsidiaries, arguing that they should be privy to the sales process to ensure customer interests are represented. It has also shared concerns that “misappropriated customer…
“Bed Bath & Beyond shares plunge after bankruptcy warning” Struggling Bed Bath & Beyond warned on Thursday that there’s substantial doubt about the company’s ability to continue as a “going concern” as sales continue to drop and it struggles to attract shoppers. The company, based in Union, NJ, said that it’s looking at several options…
” Three Arrows Capital founders subpoenaed on Twitter “ Three Arrows Capital (3AC) founders Zhu Su and Kyle Davies were subpoenaed on Twitter on Jan. 5, after the liquidators granted permission from Singapore authorities following a United States bankruptcy court order, according to information given to Cointelegraph by advisory firm Teneo. As reported by Cointelegraph,…