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FTX Gets Green Light To Liquidate $3.4B In Crypto To Pay Off Creditors
Wednesday, September 13, 2023 - 3:29pm | 3 min readThe U.S. Bankruptcy Court for the District of Delaware has granted permission to collapsed crypto exchange FTX to leverage its cryptocurrency assets to settle debts with creditors. The FTX Court Decision: Judge John Dorsey gave the nod during a Wednesday court session, dismissing two...
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FTX Adjusts Crypto Liquidation Strategy In Response To US Trustee Concerns
Wednesday, September 13, 2023 - 11:48am | 3 min readBeleaguered crypto exchange FTX (CRYPTO: FTT) has revised its plan to liquidate billions in cryptocurrency holdings. This move comes in response to apprehensions voiced by the U.S. Trustee, an arm of the Department of Justice. Despite the modifications, FTX will not be required to publicly announce...
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Independent Examiner Denied In FTX Bankruptcy Case By The Judge
Wednesday, February 15, 2023 - 2:35pm | 2 min readJudge John Dorsey of the U.S. Bankruptcy Court for the District of Delaware denied a request on Feb. 15 for an independent examiner for FTX, citing additional expenses and unnecessary burden on the creditors and debtors. According to the judge, if an examiner were appointed, the cost of the...