The author didn’t want to give away too many details on the book, but did note that his recounting of the FTX collapse “aims to read like a piece of fiction.“ Michael Lewis, the bestselling author of The Big Short: Inside the Doomsday Machine and Moneyball: The Art of Winning an Unfair Game, has revealed that he…
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Bankrupt crypto lender Voyager Digital has won court approval to self-liquidate assets and start repaying customers a portion of their frozen funds. On Wednesday, US Bankruptcy Judge Michael Wiles approved Voyager’s liquidation plan at a court hearing in Manhattan months after deals to sell the crypto lender to FTX or Binance.US fell apart. … Read More: Voyager Digital…
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Bankruptcy crypto lender Voyager Digital said customers will soon recover 35 percent of their cryptocurrency deposits, following a rocky road over the past few months of multiple failed buyouts. US Bankruptcy Judge Michael Wiles approved Voyager’s liquidation plan on Wednesday, which will allow the firm to return about $1.33 billion in crypto assets to its…
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The third try is a charm for the crypto brokerage, whose assets were almost bought by FTX and Binance.US. Now it’s just handing what it has over to its creditors. Crypto brokerage Voyager’s bankruptcy plan was approved by the United States Bankruptcy Court for the Southern District of New York on May 17, according to…
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Crypto veteran Loomdart is supporting an FTX reboot as a way to make creditors whole and increase trust in the industry. Loomdart, who is also the co-founder of eGirl Capital, said an FTX relaunch could be successful if all users and creditors get a chunk of the platform. … Read More: Crypto Influencer Loomdart Pitches FTX…
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Despite being a disruptive force which pits itself in opposition to traditional finance, crypto has also witnessed its own series of bank runs, and some observers believe future runs of what some call ‘crypto shadow banks’ could become more destructive, according to Matt Levine, an opinion columnist for Bloomberg…. Read More: Bloomberg Analyst: Crypto Faced…
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The now-defunct crypto lender Blockfi has recently filed a court document outlining its plans to liquidate the company. The firm has come to the realization that selling the company would not be beneficial to its creditors. As a result, Blockfi has decided to take matters into its own hands and proceed with a self-liquidating transaction.…
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A class action lawsuit against big-name celebrities who promoted bankrupt FTX including Shaquille O’Neal, Tom Brady and Naomi Osaka has garnered cooperation from a former executive, according to a recent court filing. Former FTX Chief Compliance Officer Daniel Friedberg provided evidence tying Florida to the celebrities, according to lawyers representing the plaintiffs. … Read More: Former…
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Silvergate Capital, the parent company of now-defunct crypto-friendly bank Silvergate Bank, has announced another major layoff that would impact 230 employees. In a recent filing with the Securities and Exchange Commission (SEC), the company said it would have just 80 employees left by the end of the week to manage the liquidation of its crypto-friendly bank…. Read…
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Daniel Friedberg, the former top compliance chief for FTX and FTX US, has provided a declaration that could support the lawsuit. A class action lawsuit against celebrities who allegedly promoted the now-bankrupt FTX has scored the cooperation of a former exchange executive — ex-compliance chief Daniel Friedberg. A May 11 proposed amended complaint filed in…
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