bankruptcy

FTX Crypto Contagion Continues After BlockFi Bankruptcy

FTX Crypto Contagion Continues After BlockFi Bankruptcy

Bitcoin Magazine Head of Market Research Dylan LeClair Reacts to BlockFi’s Bankruptcy Filing on “Making Money”. Contagion fears in cryptocurrency markets continue to grow after BlockFi filed for bankruptcy on Monday due to the company’s financial ties to failed crypto exchange FTX. He now says he owes over 100,000 creditors between $1 billion and $10 …

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There's a big problem with the Kroger-Albertsons supermarket merger |  CNN Business

There’s a big problem with the Kroger-Albertsons supermarket merger | CNN Business

New York CNN Business — When Christine Martinez found out last month that Kroger and Albertsons were planning to merge in a deal worth nearly $25 billion, she thought, “here we go again.” Martinez lost her job as a pharmacy technician following an earlier supermarket mega-merger: Albertsons’ $9 billion combination with Safeway in 2014. That …

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Crypto lender BlockFi files for bankruptcy, cites exposure to FTX

Crypto lender BlockFi files for bankruptcy, cites exposure to FTX

Filing follows weeks after FTX collapse FTX listed as BlockFi’s #2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy, it said on Monday, the industry’s latest casualty after the company was hit by the exposure to the dramatic collapse of the FTX …

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Crypto Lender BlockFi Files For Bankruptcy As FTX Fallout Spreads

Crypto Lender BlockFi Files For Bankruptcy As FTX Fallout Spreads

BlockFi, a cryptocurrency lender that targeted mainstream investors hungry for a piece of the crypto mania, filed for bankruptcy on Monday, battered by its financial ties to FTX, the beleaguered exchange whose recent slump has rattled the market. crypto industry at its heart. Based in Jersey City, NJ, BlockFi primarily marketed itself to retail investors, …

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FTX collapse: Bankman-Fried could end up in jail, says Mark Cuban

FTX collapse: Bankman-Fried could end up in jail, says Mark Cuban

Since the fall of his crypto empire on November 11, almost everything has been said about Sam Bankman-Fried. His crypto brethren called him a “criminal”. They accused him of lying to clients and investors of his companies FTX and Alameda Research, a hedge fund that also operates as a trading platform. “They lied. FTX lied. …

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FTX 'Chief Regulatory Officer' Dan Friedberg Linked to Online Poker Scandal

FTX ‘Chief Regulatory Officer’ Dan Friedberg Linked to Online Poker Scandal

The chief ‘regulatory officer’ of fallen crypto exchange FTX was embroiled in a notorious online poker cheating scandal more than a decade ago – and was filmed helping the perpetrators of the fraud , according to reports. Dan Friedberg – an attorney who was FTX’s chief regulatory officer in the months leading up to its …

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'This situation is unprecedented': 10 crazy things detailed in FTX's bankruptcy filing

‘This situation is unprecedented’: 10 crazy things detailed in FTX’s bankruptcy filing

On Thursday, John Ray, III, the new CEO of FTX, filed a long-awaited statement in US bankruptcy court, giving a sober assessment of the collapse of Sam Bankman-Fried’s crypto empire. The bankruptcy court filing followed a whirlwind of events, including the publication of explosive texts that Bankman-Fried sent to a Vox reporter earlier this week. …

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FTX Investor Sues Tom Brady, Gisele Bundchen & More As Crypto Contagion Spreads |  CNN Business

FTX Investor Sues Tom Brady, Gisele Bundchen & More As Crypto Contagion Spreads | CNN Business

New York CNN Business — The fallout from the spectacular implosion of crypto giant FTX has set off a far-reaching cascade of effects: it has ensnared a number of celebrities who have endorsed the now bankrupt platform, and the financial contagion is spreads in the vast ecosystem of crypto and digital assets. On Wednesday, the …

FTX Investor Sues Tom Brady, Gisele Bundchen & More As Crypto Contagion Spreads | CNN Business Read More »

FTX crash looks suspiciously like Bernie Madoff scandal, says ex-regulator Sheila Bair |  CNN Business

FTX crash looks suspiciously like Bernie Madoff scandal, says ex-regulator Sheila Bair | CNN Business

New York CNN Business — In just three years, Sam Bankman-Fried has transformed FTX into a massive crypto exchange backed by big-name investors and valued at $32 billion. It only took a few days for it all to implode into a sprawling bankruptcy filing. Sheila Bair, a top regulator during the 2008 financial crisis, told …

FTX crash looks suspiciously like Bernie Madoff scandal, says ex-regulator Sheila Bair | CNN Business Read More »