Crypto lender Genesis preparing to file for bankruptcy, Bloomberg News reports:
reuters.com/technology/crypto-firm-genesis-preparing-file-bankruptcy-bloomberg-news-2023-01-18/
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| Last Updated | Jan 19 23 |
| Total Articles | 5 |
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Crypto lender Genesis preparing to file for bankruptcy - Bloomberg News: (Reuters) - Cryptocurrency lender Genesis Global Capital is planning to file for ...
thestar.com.my/tech/tech-news/2023/01/19/crypto-firm-genesis-preparing-to-file-for-bankruptcy---bloomberg-news
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Crypto lender Genesis preparing to file for bankruptcy - Bloomberg News: (Reuters) - Cryptocurrency lender Genesis Global Capital is planning to file for ...
thestar.com.my/tech/tech-news/2023/01/19/crypto-firm-genesis-preparing-to-file-for-bankruptcy---bloomberg-news
Sam Bankman-Fried should spend between 40 and 50 years in prison after being convicted for stealing $8 billion from customers of his now-bankrupt FTX ...
reut.rs/3Vj7T6S
Quick Glance: Prosecutors Call for 40 to 50 Years in Prison for Sam Bankman-Fried
- Federal prosecutors are recommending a prison sentence of 40 to 50 years for FTX founder Sam Bankman-Fried for orchestrating one of the largest financial frauds in history.
- Convicted on fraud and conspiracy charges, Bankman-Fried stole at least $10 billion to fund his lavish lifestyle, make risky investments, and dispense charitable donations, defrauding investors and customers in the process.
- Prosecutors accuse Bankman-Fried of unmatched greed and hubris, disregarding ethical boundaries and causing financial devastation to many individuals through his relentless pursuit of wealth and power.
- Despite defense requests for leniency and a probation officer's recommendation of 100 years in prison, prosecutors insist that Bankman-Fried should face a significant sentence for his role in perpetrating one of the largest financial frauds in recent history.
Apparel retailer Express may file for bankruptcy as soon as next week, Bloomberg News reports
reuters.com/business/retail-consumer/apparel-retailer-express-may-file-bankruptcy-soon-next-week-bloomberg-news-2024-04-02/
Adam Neumann, Dan Loeb’s Third Point Plot Bid for WeWork: Adam Neumann and capital providers including Dan Loeb’s Third Point are exploring an offer to buy ...
bloomberg.com/news/articles/2024-02-06/adam-neumann-dan-loeb-s-third-point-plot-bid-for-wework
Adam Neumann, Dan Loeb’s Third Point Plot Bid for WeWork: Adam Neumann and other investors including Dan Loeb’s Third Point are exploring an offer to buy WeWork ...
bloomberg.com/news/articles/2024-02-06/adam-neumann-dan-loeb-s-third-point-plot-bid-for-wework
Paid articlePaid
Joann, Hudson, Ohio-based crafts retailer, may file for bankruptcy: Report: Hudson, Ohio-based crafts and fabrics retailer Joann Inc. is considering filing for ...
cleveland.com/news/2024/03/joann-hudson-ohio-based-crafts-retailer-may-file-for-bankruptcy-report.html
As Sam Bankman-Fried awaits prison sentence, FTX customers await a surprise: Full repayment
cnbc.com/2024/02/10/as-sam-bankman-fried-awaits-jail-ftx-customers-await-full-repayment.html
FTX estate selling majority stake in AI startup Anthropic for $884 million, with bulk going to UAE
cnbc.com/2024/03/25/ftx-estate-sells-majority-stake-in-startup-anthropic-for-884-million.html
Ahead of sentencing, SBF team argues for 5-6 years in jail because FTX customers will get money back
cnbc.com/2024/03/27/sbf-team-argues-for-5-6-year-sentence-ftx-customers-to-get-money-back.html
Quick Glance: Sam Bankman-Fried's Verdict: 25-Year Prison Term - BBC News
- Sam Bankman-Fried received a 25-year prison sentence. Key details from the court hearing in New York were summarized, focusing on his defense lawyer's arguments and the judge's ruling.
- The judge criticized SBF's lack of remorse, noting that he had never expressed a word of regret for committing terrible crimes. Customers who lost money in the collapse reported experiencing nightmares.
- SBF admitted to making a series of poor decisions but claimed that customers could be reimbursed. The judge pointed out that the assertion that customers would be fully repaid through the bankruptcy process was misleading.
- The court hearing also included testimonies from customers who lost significant amounts of money, insights into SBF's background, and the reasons behind the collapse of his company FTX.
Express files for bankruptcy, will close 95 Express and all UpWest stores: Clothing retailer seeks court approval to continue operating its stores and paying its ...
marketwatch.com/story/express-files-for-bankruptcy-will-close-95-express-and-all-upwest-stores-270dcc0e
Bankrupt Genesis Global settles NY Attorney General's lawsuit: Crypto lender Genesis Global has settled a lawsuit that the New York Attorney General brought ...
reuters.com/legal/bankrupt-genesis-global-settles-ny-attorney-generals-lawsuit-2024-02-09/
Bankman-Fried appeals FTX fraud conviction, 25-year sentence: Sam Bankman-Fried, facing the prospect of spending much of his adult life behind bars ...
reut.rs/4cVrIYw
FTX to Auction Off More Solana Tokens This Week, Potential Bidders Say (SOL): The bankruptcy estate of the failed FTX cryptocurrency exchange plans to auction ...
bloomberg.com/news/articles/2024-04-23/ftx-to-auction-off-more-solana-this-week-potential-bidders-say
Here’s a list of the 95 Express stores that will be closing: The bankrupt clothing retailer will begin ‘closing sales’ on April 23 at the 95 stores that are ...
marketwatch.com/story/heres-a-list-of-the-95-express-stores-that-will-be-closing-b7be07a4
Will FTX’s customers be repaid?: As Sam Bankman-Fried is locked up, his erstwhile depositors await their fate
economist.com/finance-and-economics/2024/04/04/will-ftxs-customers-be-repaid
Adam Neumann tries to buy WeWork for more than $500 million: report: WeWork cofounder Adam Neumann submit a bid for more than $500 million to buy back the ...
businessinsider.com/adam-neumann-buy-wework-more-than-500-million-report-2024-3
Paid articlePaidQuick Glance: Adam Neumann Makes Bid Exceeding $500 Million for WeWork: Report
- The Wall Street Journal reported that WeWork cofounder Adam Neumann submitted a bid of over $500 million to buy back the bankrupt company.
- Neumann is attempting to regain control of the bankrupt coworking company following efforts by him and his new real estate company Flow Global to repurchase WeWork.
- The financing of Neumann's $500 million bill was not immediately clear to individuals familiar with the situation.
- WeWork, once valued at $47 billion, filed for Chapter 11 bankruptcy in November 2023, with Neumann seeking a path back to the company since.
FTX Was Down to Last 105 Bitcoins When Bankruptcy Rescue Crew Arrived: John Ray: Ray said Bankman-Fried’s victims “will never be returned to the same economic ...
coindesk.com/policy/2024/03/20/ftx-was-down-to-last-105-bitcoins-when-bankruptcy-rescue-crew-arrived-john-ray/
Quick Glance: The Rise and Fall of Sam Bankman-Fried: Unrepentant Ex-Mogul Faces Lengthy Prison Term
- Sam Bankman-Fried, founder of FTX cryptocurrency exchange, was found guilty of wire fraud and money laundering conspiracy.
- Prosecutors urged a 40 to 50-year sentence to emphasize the severity of harm to victims and deter financial misconduct.
- Victims shared impact statements detailing loss of savings and financial distress caused by Bankman-Fried's actions.
- Once a prominent figure in the crypto world, Bankman-Fried faced accusations of embezzling funds and engaging in fraudulent activities.
Sam Bankman-Fried is going to jail for 25 years. His victims are moving on, but it isn’t always easy.
marketwatch.com/story/sam-bankman-fried-is-going-to-jail-for-25-years-his-victims-are-moving-on-but-it-isnt-always-easy-a6b8acd2
The bankrupt crypto firm Genesis will pay the SEC $21 million over its lending program
qz.com/genesis-to-pay-21m-to-sec-gemini-1851348623
Paid articlePaid Bankers Are Lining Up Buyers for FTX’s 8% Stake in AI Startup Anthropic: Report: The proceeds from the sale of the shares, valued at approximately $1 billion ...
coindesk.com/policy/2024/03/22/bankers-are-lining-up-buyers-for-ftxs-8-stake-in-ai-startup-anthropic-report/
Celsius Seeks Return of $2 Billion Withdrawn From Users Before Bankruptcy: Advisers overseeing the wind-down of Celsius Network LLC are demanding major customers ...
bloomberg.com/news/articles/2024-03-20/celsius-seeks-return-of-2-billion-withdrawn-before-bankruptcy
Paid articlePaid
FTX Bankruptcy Estate to Sell 41 Million Solana Tokens for $7.5 Billion: The FTX bankruptcy estate has announced the sale of 41 million locked Solana (SOL) ...
coinmarketcap.com/alexandria/article/ftx-bankruptcy-estate-to-sell-41-million-solana-tokens-for-dollar75-billion
FTX Creditor Platform Buys $60 Million in Bankruptcy Claims: When FTX collapsed in Nov. 2022, Louis d’Origny was just one of more than a million customers who ...
bloomberg.com/news/articles/2024-03-21/platform-built-by-former-ftx-exec-snaps-up-60-million-in-claims
Paid articlePaid
‘Am I sorry? No’ — 3AC founder. $6B BTC laundered for fast food worker: Asia Express
cointelegraph.com/magazine/3ac-kyle-davies-brit-launders-6b-btc-fast-food-worker-asia-express/
Barry Silbert Is the Crypto World’s New Villain: Billionaire Barry Silbert is accused of defrauding thousands of people. Should he get to keep their money ...
nymag.com/intelligencer/article/barry-silbert-is-the-crypto-worlds-new-villain.html
The Crypto Reboot That Wasn’t: Why ‘FTX 2.0’ Floundered: Creditors say FTX’s post-chapter 11 management team missed an opportunity to create a valuable business ...
wsj.com/finance/currencies/the-crypto-reboot-that-wasnt-why-ftx-2-0-floundered-5e729c4c
FTX customers in line for higher payouts as crypto prices soar: Administrators raise $884mn from partial sale of stake in AI start up Anthropic
ft.com/content/ee1579c1-9837-4262-bafa-053cde94e538
Paid articlePaid Genesis, Gemini Must Face SEC Suit Over Crypto ‘Earn’ Program: The Securities and Exchange Commission can proceed with its suit accusing Gemini Trust Co ...
bloomberg.com/news/articles/2024-03-13/genesis-gemini-must-face-sec-suit-over-crypto-earn-program
Paid articlePaid My 80-year-old mom owes more than $400,000 and we don’t know what will be seized: A failed business left a family with debts to the IRS, the Small Business ...
marketwatch.com/story/my-mother-80-owes-400-000-due-to-a-failed-family-business-and-my-late-fathers-unpaid-taxes-what-could-be-seized-7c9f0d90
BlockFi Settles With FTX, Alameda Estates for $874.5M: The settlement with FTX and Alameda Research is a key part of BlockFi's bankruptcy and reorganization ...
coindesk.com/policy/2024/03/06/blockfi-settles-with-ftx-alameda-estates-for-8745m/
Dollar Scholar Asks: Should I Share a Bank Account With My Best Friend?: Sharing all my money with my BFF in a joint bank account can give me a built-in ...
money.com/dollar-scholar-shared-bank-account-friend/
Winklevoss Twins' Gemini Promises to Return $1.1B to Earn Customers: The pact is tied to the bankruptcy of Genesis Global Capital, Gemini's partner for its ...
coindesk.com/policy/2024/02/28/winklevoss-twins-gemini-promises-to-return-11b-to-earn-customers/
Bankrupt Cryptopia Exchange to Return Crypto to Some Creditors: The New Zealand exchange went offline in 2019 following a cyber attack that saw millions of ...
coindesk.com/business/2024/03/08/bankrupt-cryptopia-exchange-to-return-crypto-to-some-creditors/
Genesis Faces Unlikely Bankruptcy Foe: Its Own Parent Company: Bankrupt crypto lender Genesis Global Capital is facing an unexpected opponent as it seeks court ...
bloomberg.com/news/articles/2024-02-26/genesis-faces-unlikely-bankruptcy-foe-its-own-parent-company
Sam Bankman-Fried due in court for hearing on lawyer's possible conflict: Sam Bankman-Fried, the jailed founder of bankrupt cryptocurrency exchange FTX ...
reut.rs/3OSfwgN
As SBF’s Sentence Approaches, One More Weird Twist in the FTX Saga Might Help Him
slate.com/technology/2024/03/sbf-sentencing-upcoming-ftx-twist.html
Bitcoin Miners Need to Be Proactive to Hold Their Positions After Halving: Fidelity Digital Assets
coindesk.com/business/2024/03/05/bitcoin-miners-need-to-be-proactive-to-hold-their-positions-after-halving-fidelity-digital-assets/
FTX Cash Pile of $6.4 Billion Set to Jump With Sale of AI Stake: Bankrupt crypto exchange FTX won bankruptcy court approval to sell its shares in artificial ...
bloomberg.com/news/articles/2024-02-22/ftx-cash-pile-of-6-4-billion-set-to-jump-with-sale-of-ai-stake
Paid articlePaid FTX claim window prices Bitcoin, Ethereum, others below market rates: FTX’s claim window prices major cryptocurrencies lower than market values ...
cointelegraph.com/news/ftx-claim-window-prices-bitcoin-ethereum-others-below-market-rates
Winklevoss Twins’ Crypto Start-Up Gemini Will Pay Burned Customers $1.1 Billion: A state regulator found they “failed to conduct due diligence on an unregulated ...
thedailybeast.com/winklevoss-twins-crypto-start-up-gemini-will-pay-burned-customers-dollar11-billion
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Bitcoin’s Bounce Doesn’t Settle the Biggest Worries About Crypto: Don’t forget to count up the wealth burned by collapsed exchanges, bankrupt lending programs ...
bloomberg.com/news/articles/2024-02-12/bitcoin-s-bounce-doesn-t-settle-the-biggest-worries-about-crypto
Trust in crypto exchange tokens recovers from FTX lows: Most exchange tokens have since recovered all losses caused by the FTX contagion.
cointelegraph.com/news/trust-crypto-exchange-tokens-recovers-ftx-lows
FTX liquidators seeking local real estate firms to sell FTX properties: The joint official liquidators (JOLs) of bankrupt cryptocurrency exchange FTX Digital ...
thenassauguardian.com/business/ftx-liquidators-seeking-local-real-estate-firms-to-sell-ftx-properties/article_60275f16-ce94-11ee-bd2a-d7c4543e406d.html
Sam Bankman-Fried's Sentence Might Be Lighter Than You'd Expect: Restitution paid to victims can be considered when sentencing, and judges in the Southern ...
coindesk.com/policy/2024/02/16/sam-bankman-frieds-sentence-might-be-lighter-than-youd-expect/
Digital Currency Group Reports Q4 Revenue of $210M, Up 59% Y/Y (Full Text): Fourth quarter EBITDA was $99 million versus a loss of $7 million a year earlier.
coindesk.com/business/2024/02/12/digital-currency-group-reports-q4-revenue-of-210m-up-59-yy-full-text/
UN probes $3B North Korean cyberattacks on crypto firms: Report: According to a recent report, the UN is launching an investigation into the significant number ...
cointelegraph.com/news/united-nations-north-korea-crypto-hackers
Scrapped FTX relaunch raises alarm over legal team’s profits: Lawyers and the restructuring team managing bankrupt crypto exchange FTX billed over $200 million ...
cointelegraph.com/news/ftx-scrapped-relaunch-raises-alarm-on-legal-team-profits
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