bankruptcy
FTX “never had the crypto” to make in-kind distributions, witness says at FTX’s confirmation hearing
A former Silvergate exec said the shuttering wasn’t due to the bank being ill-equipped to deal with bank runs post-FTX, but rather because of the regulatory environment
Plus, tying up the loose ends of crypto’s bankruptcies
There’s yet another Sam Bankman-Fried book out there, and I think you should read it
As part of the settlement, FTX and Alameda are banned from having any digital asset commodities, which include bitcoin, ether and USDT
Plus, FTX creditors can soon vote on the distribution plan proposed by debtors, and it isn’t a fan favorite
FTX debtors will pay the IRS $200M, with an outstanding lower priority claim of $685M
The Mt Gox distributions may cause more downward pressure on bitcoin cash than bitcoin, Galaxy says
Would you rather have $88,000 or $17,400?
FTX seems to be nearing the finish line almost two years after initiating the bankruptcy process
While the current plan reflects progress, it represents a draft with “many blanks,” lawyer says
Jane Street, a Mubadala-linked fund and Fidelity-linked funds are some of the top buyers, according to court documents
The agreement between the two bankrupt crypto companies awaits court approval
The hearings are expected to last for a couple of days as the court hears arguments for and against the bankruptcy plan proposed by Genesis
Judge John Dorsey approved the motion to sell, which was filed earlier this month
The parent company of bankrupt lender Genesis filed an objection to its settlement agreement with the NYAG on Wednesday
CoinList plans to buy the company, which holds a South Dakota license to offer custody services
DCG says the plan “strips” the company of “other valuable economic and corporate governance rights”
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