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SEC Puts $30M Fine On Ice For BlockFi Amid Bankruptcy
Friday, June 23, 2023 - 11:33am | 471The U.S. Securities and Exchange Commission (SEC) consented to defer the collection of a $30 million fine from the insolvent crypto lending platform BlockFi until such time as the investors have been reimbursed. What Happened: Initially, BlockFi was under obligation to pay a $50 million penalty to...
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Alameda Research Hunts For $700M After FTX's Celebrity And Politico Access Fiasco
Friday, June 23, 2023 - 11:00am | 528Alameda Research, the hedge fund division of the now-bankrupt FTX (CRYPTO: FTT) group, is in pursuit of reclaiming $700 million that its founder, Sam Bankman-Fried, allegedly spent to gain access to high-profile individuals including celebrities and politicians. According to court documents filed...
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Bankrupt Voyager's Roadmap To Creditors: Initiates Process To Return Funds
Wednesday, June 14, 2023 - 12:57pm | 432Bankrupt crypto broker Voyager Digital (OTC: VYGVQ) will initiate the return of funds stuck on the platform to creditors next week, according to the liquidation procedures filed with the U.S. Bankruptcy Court for the Southern District of New York. The filing noted that the Voyager app will be...
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The Phoenix Of Crypto: FTX Eyes Potential Relaunch In 2024 As New CEO Works Towards Revival
Tuesday, May 23, 2023 - 3:43pm | 383Bankrupt cryptocurrency exchange FTX has revealed its plans for a potential revival under the leadership of its new CEO, John Ray, according to a court filing. The filing highlighted the efforts made by Ray during the Chapter 11 bankruptcy process and mentioned the possibility of rebooting FTX...