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…
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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…
Voyager Sought for Creditors’ Vote for $1.42 Billion Sale to FTX
Distressed crypto lending company Voyager Digital Ltd., is asking for creditors’ consent for its $1.42 billion sale to FTX – a major cryptocurrency trading company. According to a Benzinga report: clients may be able to claw back 72% of their…
75,000 Plus XRP Holders Join Attorney Deaton’s Class Action Lawsuit Against the SEC.
More XRP owners are now complaining to the SEC that its litigation caused them to suffer significant losses. In a class action lawsuit brought against the Securities and Exchange Commission, John Deaton is defending more and more Ripple (XRP) holders.…
Indian Supreme Court Delays hearing on Crypto Ban
The Indian Supreme Court has decided to delay its full hearing of a high profile case against the reserve bank of India’s (RBI) ban on bank’s dealings with crypto-related businesses. Kashif Raza, who is the founder of Indian crypto regulatory…
Israel Supreme Court Rules in Favor of Crypto Exchange in Bank Account Case
Israeli’s crypto community toasted to good news after the country’s largest broker for Bitcoin and Ethereum was allowed to keep its account with the country’s largest bank. This was decided by Israel’s Supreme Court after overturning a district court’s earlier…