Defunct cryptocurrency exchange FTX has encountered issues with ineligible jurisdiction claims as it begins repaying creditors who lost funds in its high-profile bankruptcy case. On Feb. 18, the bankrupt exchangeinitiated its first round of repayments. Those who lost up to $50,000, classified by ...
This draft proposal puts forth ways to honour customer claims as of the official FTX bankruptcy date. Court documents indicate the plan suggests the sale of assets attached to different aspects of the business to affect repayments. Restarting an offshore exchange is also not off the table. The...
The market is warming to FTX claims, with one claim going for between 52 and 53 cents on the dollar at auction on Friday.
The state claims FTX violated the Securities Act by offering and selling securities in Texas that were not registered or permitted for sale in Texas, the filing read, and by offering and selling securities in Texas without registering as a dealer or agent. GET FOX BUSINESS ON THE GO BY CLICK...
The Super Connector Who Built Sam Bankman-Fried’s Celebrity World; Michael Kives, a former Hollywood agent, connected FTX’s founder to Katy Perry, Orlando Bloom, Bill Clinton and others. His firm got $700 million in exchange, a lawsuit claims. David Yaffe-Bellany and Erin Griffith – The...
The company's reputation began to truly collapse in November with the leak of the Alameda Research balance sheet, which set off the domino-chain reaction that has led to bankruptcy, house arrest and Moskowitz's class action suit. In addition to that case, the attorney is also pursuing one ...