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” Celsius bankruptcy victims get proof-of-claim deadline from US court “ The ongoing case of the Celsius bankruptcy continues as the United States Bankruptcy Court in the southern district of New York State approved a new filing deadline. According to an official document, a deadline has been set for those filing any claims against the…
” FTX fiasco means coming consequences for crypto in Washington DC “ On Nov. 11, while the rest of the country was celebrating Veteran’s Day, Sam Bankman-Fried announced that FTX — one of the world’s largest cryptocurrency exchanges by volume — had filed for bankruptcy. Lawmakers and pundits quickly latched onto the rapid disintegration of…
” American CryptoFed registration at risk as SEC alleges filing anomalies “ American CryptoFed DAO, the first decentralized autonomous organization (DAO) to get legal recognition in the United States, is at risk of losing its registration after the U.S. Securities and Exchange Commission (SEC) dug up anomalies in the Form S-1 registration statement dated Sept….
” FTX leadership pressed for information by US subcommittee chairman “ The former and current CEOs of the bankrupt FTX cryptocurrency exchange have been pressed by the chair of a United States House subcommittee calling for documents relating to the exchange’s finances. “FTX’s customers, former employees, and the public deserve answers,” Raja Krishnamoorthi, Chairman of…
” The fall of FTX and Sam Bankman-Fried might be good for crypto “ “Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information,” new FTX CEO John Ray III said in a legal filing on Thursday. “From compromised systems integrity and…
” Banks still show interest in digital assets and DeFi amid market chaos “ The cryptocurrency sector is the Wild Wild West in comparison to traditional finance, yet a number of banks are showing interest in digital assets and decentralized finance (DeFi). This year in particular has been notable for banks exploring digital assets. Most…
” Breaking down FTX’s bankruptcy: How it differs from other Chapter 11 cases “ Collapsed crypto exchange FTX and 130 affiliates filed for bankruptcy in Delaware on Nov 11. Chaos followed as a number of FTX creditors, investors and industry experts began to question what would happen next. Laura Shin, crypto journalist, author and host…
” Crypto skeptic Brad Sherman: Federal financial regulators ‘sound like Sam Bankman-Fried’ “ California Representative Brad Sherman, who repeatedly called for a ban on United State residents buying crypto, accused leaders at several financial agencies of parroting former FTX CEO Sam Bankman-Fried’s ideas on regulating digital assets. In a Nov. 16 hearing before the House…
” FTX collapse was a ‘dumpster fire’, says US lawmaker announcing investigative hearing “ Members of the United States’ House Financial Services Committee have scheduled a December hearing aimed at exploring the collapse of crypto exchange FTX and “broader consequences for the digital asset ecosystem.” In a Nov. 16 announcement, the House committee said it…
” US reportedly considering Bankman-Fried extradition for questioning “ In the aftermath of the FTX exchange liquidity crisis and bankruptcy, the United States and Bahamian authorities are reportedly discussing the possibility of extraditing Sam Bankamn-Fried, former CEO of the company, back to the U.S. for questioning. According to a Bloomberg report citing people familiar with…