Bankruptcy


Finanza

DCG Creditor Pact Revealed With Plan to Sell Genesis Trading Unit as Part of Bankruptcy

Earlier Monday, CoinDesk reported that DCG and Genesis had reached an agreement with a key group of creditors.

Barry Silbert. CEO y fundador de Digital Currency Group.

Politiche

Independent FTX Examiner Could Cost Crypto Exchange $100M, Court Told

Government and FTX lawyers argued the matter in federal court on Monday.

FTX Logo (Unsplash)

Finanza

Bankrupt Lender Genesis and Parent DCG Reach Initial Agreement With Main Creditors: Source

The term sheet includes "an equitization of the 10-year promissory note that DCG gave Genesis in return for the 3AC claims," a person familiar with the situation said.

(Genesis Trading, modified by CoinDesk)

Finanza

New FTX CEO Charged Crypto Exchange $690K Last Year: Hearing

John J. Ray III replaced former CEO Sam Bankman-Fried at the bankrupt crypto exchange.

FTX Group CEO John J. Ray III (Nathan Howard/Getty Images)

Politiche

FTX Being Advised by Cybersecurity Firm Sygnia on Hack Inquiry, CEO Ray Says

The crypto exchange’s current chief executive blasted weak cybersecurity controls at the company under Sam Bankman-Fried’s leadership.

FTX CEO John J. Ray III (Nathan Howard/Getty Images)

Finanza

Sam Bankman-Fried's Emergent Fidelity Technologies Files for Bankruptcy

Emergent is owner of 56 million shares of online brokerage Robinhood.

Sam Bankman-Fried sticking his tongue out while at Crypto Bahamas earlier this year. (Danny Nelson/CoinDesk)

Finanza

Core Scientific to Hand Crypto Mining Rigs to NYDIG to Extinguish $38.6M in Debt

NYDIG had previously said it would object to a $70 million lifeline loan for Core if its own deal wasn't finalized.

Core Scientific facility in North Carolina. (Core Scientific)

Finanza

Bankman-Fried Family Subpoenas Opposed by US Government in FTX Filing

Plans for FTX and creditors to demand information on dealings would duplicate the work of the independent examiner who has yet to be appointed, the U.S. trustee said.

Sam Bankman-Fried sale del tribunal federal en la ciudad de Nueva York. (David Dee Delgado/Getty Images)

Video

FTX Held Roughly $1.4B in Cash at End of 2022

Bankrupt cryptocurrency exchange FTX had around $1.4 billion in cash as of the end of 2022, according to an interim financial update filed on Wednesday. Hodder Law Firm Founder and Managing Partner Sasha Hodder discusses the latest update from FTX's bankruptcy and the implications for creditors.

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