Celsius Network Settlement Allows 72.5% Crypto Recovery
A US Bankruptcy Judge, Martin Glenn, has approved a settlement plan for Celsius Network, a defunct crypto lending platform, allowing custody account holders to recover...
Tag : FTX Collapse
FTX co-founder Nishad Singh Pleads Guilty to Fraud and Conspiracy Charges
Nishad Singh, a co-founder of cryptocurrency exchange FTX, has pleaded guilty to six criminal counts, including wire fraud and conspiracy to defraud the US by...
Ban on Sam Bankman-Fried Communication: No More Encrypted Messages with FTX Employees
Sam Bankman-Fried, a prominent and controversial figure in the cryptocurrency industry, has been banned from contacting employees of the popular crypto exchange FTX and Alameda,...
FTX US Crypto Exchange is Solvent: Sam Bankman-Fried
Sam Bankman Fried, a suspected fraud crypto entrepreneur facing trial charges in the United States has reiterated his charges saying that the FTX US is...
Is Sam Bankman-Fried the Culprit of the Ultimate FTX Collapse?
Only one month had passed when Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, filed for bankruptcy on behalf of his company and Alameda...
FTX Japan Declares Plans to Refund Users’ Funds
On December 29, the Japanese branch of FTX revealed intentions to return users’ assets in a blog post. The cryptocurrency exchange released a plan to...
FTX Files for Dissolution of Four Independently Operated Subsidiaries
The collapsed cryptocurrency exchange FTX filed a fresh request in Delaware Bankruptcy Court to allow bidding proceedings for four of the firm’s independent solvent companies....
France May Tighten Crypto Regulations Amid FTX Collapse
Following the fall of FTX, a French Senator recommended strengthening crypto rules. The decision comes as the European Union’s Markets in Crypto Assets (MiCA) initiative...
Large Creditors are Owed $3.1 Billion by the Crypto Exchange FTX
According to a court document, crypto exchange FTX owes its 50 biggest debtors over $3.1 billion (£2.6 billion). The beleaguered company, which declared bankruptcy in...