Potential good news for customers, as lawyers for FTX say at least $5 billion of liquid assets have been recovered
TECHNOLOGY POWERING BUSINESS
News chapter 11
Court Rules Celsius Network Owns Customer Crypto Assets
Legal setback for customers of bankrupt Celsius Network, after US judges rules firm owns most of the deposited cryptocurrency
FTX’s Sam Bankman-Fried Pleads Not Guilty To Fraud Charges
Faced a possible 115 years in prison, FTX's Sam Bankman-Fried pleads not guilty to fraud charges, as trial is slated for October
FTX Customer Lawsuit Seeks Recovery Of Digital Assets
Class action lawsuit filed by FTX customers against failed crypto exchange and its arrested former CEO Sam Bankman-Fried
FTX’s Sam Bankman-Fried Released On $250m Bail, To His Parents
Sam Bankman-Fried has been freed on $250m, but must remain under strict supervision at parents’ California home
Two Bankman-Fried Associates Plead Guilty To Fraud
FTX founder Sam Bankman-Fried arrives in America and is expected in court, as two former associates plead guilty to fraud charges
Bitcoin Miner Core Scientific Files For Chapter 11
One of the largest publicly traded crypto mining companies in the US, Core Scientific, is filing for Chapter 11 bankruptcy protection
US SEC Charges FTX Sam Bankman-Fried With Fraud
Sam Bankman-Fried is accused by US authorities of defrauding investors after regulators called FTX “a house of cards”
FTX Founder Sam Bankman-Fried Arrested In Bahamas
Former CEO and founder of collapsed crypto exchange FTX is arrested after the United States files charges against him
Trial For Wirecard Executives Begins In Germany
Trial of former CEO and other managers begins in Germany, following spectacular collapse of Munich fintech Wirecard in 2020
DoJ Watchdog Seeks Investigation Into FTX Collapse
Speculator crash of crypto exchange FTX sees bankruptcy watchdog at the US Department of Justice called for 'independent investigation'
Bitfront To Close Down, In Latest Crypto Failure
Latest casualty. Crypto exchange Bitfront confirms it is shutting down amid challenging crypto market, despite best efforts
Crypto Lender BlockFi Files For Chapter 11 Bankruptcy
FTX collapse cited, as cryptocurrency lender BlockFi files for Chapter 11 bankruptcy protection in New Jersey court
Lawsuit Against FTX Founder, As New Boss Slams Previous Management
Class action lawsuit launched against Sam Bankman-Fried, as new FTX CEO slams previous corporate management practices
Failed FTX Exchange Could Have A Million Creditors
As regulators begin investigations into FTX's bankruptcy, filings indicate the failed crypto exchange could have 1 million creditors
FTX Crypto Exchange Files For Bankruptcy, CEO Resigns
Chapter 11 for cryptocurrency exchange FTX, after it failed to secure rescue bid and additional funding. CEO Sam Bankman-Fried resigns
FTC Closely Watching Developments At Twitter, As More Resign
Elon Musk raises possibility of bankruptcy at Twitter, as entire privacy and compliance team resigns prompting FTC warning
Crypto Market Rocked As Binance Drops FTX Rescue Deal
Cryptocurrency prices plunge after crypto exchange platform Binance withdraws from purchase of its failing rival FTX Trading
UKCloud Placed Into ‘Compulsory Liquidation’
Public-sector cloud provider UKCloud and parent Virtual Infrastructure Group has been forced into compulsory liquidation
Celsius Seeks Permission To Sell Stablecoin Assets
Bankrupt cryptocurrency lender Celsius Network files request to sell its stablecoin assets, as it seeks funds to continue operations
Bankrupt Celsius Network To Pay CFO $90,000 Per Month – Report
Cash strapped cryptocurrency lender Celsius Network wishes to bring back former CFO Rod Bolger and pay him $92,000 per month
Celsius Network Files For Bankruptcy Protection
Troubled cryptocurrency lender Celsius Network confirms it has filed for bankruptcy protection as it seeks to restructure
Google’s Russian Unit To File For Bankruptcy – Update
Google subsidiary in Russia has its local bank account seized by authorities, and responds by announcing intention to file for bankruptcy
Role Of Wirecard Supervisors To Be Probed By EU
The actions of financial supervisors responsible during the Wirecard collapse should be investigated, says senior EU official
UK Government To Acquire £400 Million Stake In OneWeb
Watch out SpaceX's Elon Musk? British government and Bharti Global announce deal to acquire satellite broadband company OneWeb
Wirecard Collapses, Files For Insolvency
German fintech start-up Wirecard has filed for insolvency, becoming the first DAX member to fail after a financing scandal
Nortel Networks Settles Bankruptcy Claims
Nortel reaches a bankruptcy settlement with a number of Europe entities, including a UK pension fund
US 4G Network LightSquared Goes Bust
The US 4G network LightSquared has declared bankruptcy but insists Chapter 11 is not the end
Kodak Files For Chapter 11 Bankruptcy
Kodak has filed for chapeter 11 bankrupcy protection but vows to come out fighting in the end