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Bankruptcy
Bitcoin ATM Operator Coin Cloud Files for Bankruptcy With Liabilities of $100M-$500M
Coin Cloud was provided an unsecured loan of $100 million from Genesis Global Capital.
FTX Lawyers Sullivan & Cromwell Bill $7.5M for First 19 Days' Bankruptcy Work
The 151 staff members assigned to the case worked a combined 6,500 hours in November looking at legal disputes, hacks, and corporate governance.
Three Arrows’ Founder Refused to Comply With Subpoena, Stonewalling Probe, Court Told
The collapsed hedge fund’s founder Kyle Davies was accused of neglecting his duties as he “shamelessly” promotes his new crypto project.
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.
Independent FTX Examiner Could Cost Crypto Exchange $100M, Court Told
Government and FTX lawyers argued the matter in federal court on Monday.
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.
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 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.
Sam Bankman-Fried's Emergent Fidelity Technologies Files for Bankruptcy
Emergent is owner of 56 million shares of online brokerage Robinhood.
