Customers of the FTX cryptocurrency platform who were affected by the bankruptcy will begin to receive their money refunded at the end of 2024.
This was recently agreed by the joint official liquidators of FTX Digital at a meeting in the Bahamas.
The bankruptcy of the cryptocurrency platform…
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FTX to sell its European subsidiary
The cryptocurrency exchange FTX, which was in financial difficulty, reached an agreement to settle a dispute related to its European division. As a result, the company was returned to its previous owners.
According to a Reuters report, FTX…
FTX will be able to sell $1 billion dollars
The bankrupt cryptocurrency exchange FTX got the judge's approval to sell more than $1 billion in shares of artificial intelligence startup Anthropic.
Judge John Dorsey of the Delaware Bankruptcy Court ruled at a hearing on 22 February…
US prosecutors requested restrictions on Sam Bankman-Fried trial
US prosecutors asked the court presiding over Sam Bankman-Fried's trial to prohibit his legal team from presenting any arguments related to the possible recovery of FTX clients' assets invested in Anthropic.
In April 2022, Bankman-Fried…
European Union considers limited impact of the crypto winter on the financial system
In the last year, the tensions in the cryptographic asset market triggered a series of bankruptcies of trading platforms and 'exchanges' in the sector, such as FTX, BlockFi or Silvergate Bank, in what is popularly known as 'crypto winter'.…
FTX Europe launches asset return plan to local users
FTX Europe announced on March 31 that it will return funds to local users. Only users who opened their accounts at FTX.com/eu in 2022 will be able to benefit from this measure.
Clients, according to the subsidiary, will first receive an…
First-Citizens Bank buys failed Silicon Valley Bank
First-Citizens Bank & Trust Company has reached an agreement for the acquisition of all the deposits and loans of Silicon Valley Bridge Bank, the entity created by the Federal Deposit Insurance Corporation (FDIC) of the United States,…
BlockFi will sell its mining equipment
Cryptocurrency-based financial services company BlockFi, which has filed for bankruptcy before US authorities, has been cleared by the bankruptcy court to sell its crypto mining equipment and other physical assets in order to raise around…
Sharon Stone claims she lost half her fortune to SVB bankruptcy
The bankruptcy of Silicon Valley Bank affects not only empires in the technology sector. Actress Sharon Stone claimed at a charity event on Thursday that half of her fortune was trapped in SVB.
During a fundraiser for cancer and HIV…
Circle reserves trapped in Silicon Valley Bank
The same day that Silicon Valley Bank was intervened due to liquidity problems, the cryptocurrency issuing company Circle announced that USD 3.3 billion of its reserves are withheld in the entity.
The company confirmed the news through…
US government intervenes in Silicon Valley Bank
The Federal Deposit Insurance Corporation (CFSD) intervened this Friday in Silicon Valley Bank (SVB), a financial institution that concentrates a large number of clients among technological 'startups'.
Customer withdrawals due to rumors…
Coin Cloud ATM company files for bankruptcy
The company Coin Cloud, operator of cryptocurrency ATMs, announced that it is filing for bankruptcy, according to Chapter 11 of the United States Bankruptcy Law.
Coin Cloud currently operates some 4,000 bitcoin ATMs in this country and in…