Canadian Billionaire Kevin O’Leary Reveals $15M Payment to Become FTX Spokesman

Canadian business person, Shark Tank judge, and contributor to CNBC Kevin O’Leary admits he lost a $15 million payment made to him by FTX. In an interview with CNBC, he disclosed that the now-defunct cryptocurrency exchange FTX had paid him…

Curtains Closing On Ripple Case After 2-year Legal Battle

Ripple is finally looking forward to the SEC lawsuit’s resolution after nearly two years of protracted litigation. Ripple’s Counsel Drops Suit Hints On December 6th, Stuart Alderoty, the general counsel at Ripple, forwarded a tweet from Brad Garlinghouse in which…

FTX Employees Set to Be Paid As Bankruptcy Proceedings Continue

FTX appears to be moving on since news broke that it was filing for bankruptcy. The insolvent exchange will pay its employees and contractors after several weeks of uncertainty and bad news.  The bulk of FTX subsidiaries worldwide has reportedly resumed…

FTX-Owned Crypto Exchange Liquid Suspends Trading Due to Bankruptcy Proceedings

Liquid Global, a cryptocurrency exchange with headquarters in Japan that was formerly owned by the bankrupt exchange FTX, stopped all trading after being “instructed” to do so by the bankruptcy attorney’s office.  Trading Stopped Indefinitely A tweet from Liquid Global’s…

Genesis Disputes “imminent” Intentions to Declare Bankruptcy.

Genesis, a cryptocurrency loan firm, has denied rumors that it is preparing to file for bankruptcy “imminently” if it is unable to meet a $1 billion shortfall brought on by the collapse of cryptocurrency exchange FTX. Company Couldn’t Raise Capital…

Billionaire TV Show Investor Vows to Retain Funds In Crypto Exchanges Despite FTX Crash

Cold storage, in Sharktank investor Kevin O’Leary’s opinion, is not an option for him or for businesses that had to maintain a particular percentage of industry exposure. The kind of liquidity they would require for the day-to-day functioning of their…

SBF’s Lawyers Terminate FTX Representation Citing Conflict Of Interest

Sam Bankman-Fried (SBF), the FTX CEO, no longer has legal representation from Paul Weiss, citing a conflict of interest.  The choice to discontinue representation following SBF’s tweets was judged to obstruct the law firm’s reorganization efforts. SBF’s Cryptic Tweets Complicate…

Bahamian SEC Ordered FTX to Send Digital Assets to Its Wallet

On November 18, the Bahamas’ Securities Commission made public its directive to FTX to transfer digital assets under its management to the Commission’s wallet on November 12. The regulator stated that the directive was required to protect the interests of…

Tom Brady And Other Celebrities Face Class Action Lawsuit For “Promoting” FTX

A class action lawsuit has been brought by FTX investors against the platform’s founder and former CEO as well as a number of well-known figures who supported it. The class action, which was filed on Tuesday evening in Miami, asserts…

Ripple Gets Big Boost As Court Grants All Amicus Brief Requests

As anticipated, US District Court Judge Analisa Torres has approved the petitions of Ripple partners to submit amicus papers in favor of the defendant’s motion for summary judgment. All Briefs Will Submittable Judge Analisa Torres allowed petitions from all 16…