In one other notable flip of occasions within the FTX Chapter 11 chapter proceedings, the collapsed crypto change is now making an attempt to get better roughly $3.9 billion from Genesis International Capital (GGC). In a Could 3 submitting, FTX mentioned it intends to start adversary proceedings towards GGC “to claw again funds acquired by […]Read More
Ren took to Twitter to inform its neighborhood that it should switch the protocol’s belongings to FTX debtors’ chilly wallets. “The cryptocurrency belongings can be transferred to distinct segregated wallets chilly storage wallets designated for these belongings transferred by Ren, separate from the opposite Debtor chilly storage wallets,” reads the announcement. The value of the […]Read More
FTX’s CEO John J. Ray III, who’s overseeing the trade’s chapter proceedings, submitted a damning interim report of the agency’s operations on April 9, 2023. Filed with the U.S. chapter court docket of Delaware, the report offers an replace on the FTX debtor’s restoration efforts and the problems confronted. Ray wrote that the debtors “have […]Read More
A concerted effort to determine and stock the remaining property of failed cryptocurrency trade FTX has revealed “the magnitude of the shortfalls found within the fiat financial institution accounts and digital asset wallets related to the FTX.com and FTX.US exchanges,” in keeping with a presentation filed by FTX Debtors within the agency’s Chapter 11 chapter […]Read More
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