Bankruptcy judge has permitted FTX to sell LedgerX, other assets
The assets that will be sold include the platform LedgerX, Embed and its regional arms, FTX Japan and FTX Europe. The judge presiding over the FTX bankruptcy proceedings has given the struggling cryptocurrency exchange permission to sell some of its assets to help it pay off its creditors. The sale of four important FTX units […]
FTX creditor names can remain sealed for now, Judge rules
A Delaware bankruptcy judge on Wednesday allowed a list of creditors for FTX to remain sealed for at least another three months. Following the most recent decision in the FTX bankruptcy proceedings, the identities of up to nine million FTX customers are expected to be kept a secret for at least another three months. Judge […]
FTX clients demand more transparency about subsidiary sales
FTX customers claim they should be included in the sales process to guarantee their interests are reflected and have filed a limited objection to FTX’s plan to sell four independently run companies. An ad hoc committee of non-U.S. customers, consisting of 18 members, who have combined claims against FTX totaling more than $1.9 billion, submitted […]
US to seize Robinhood shares related to FTX
US authorities are in the process of seizing Robinhood Markets Inc (HOOD.O) shares tied to Sam Bankman-Fried, who is accused of fraud in the collapse of FTX. According to US attorney Seth Shapiro, who is in charge of the FTX bankruptcy, the DOJ did not think the 56 million shares of Robinhood, valued at around […]
U.S lawmakers under pressure following FTX collapse
In response to FTX’s fall, United States lawmakers are reevaluating the crypto industry’s regulatory needs for 2023. In light of the demise of FTX, legislators in the US appear to be reassessing the crypto business and its regulatory requirements. The Wall Street Journal claims that since the cryptocurrency exchange declared bankruptcy in November, politicians have […]