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BLOCKFI CUSTOMER MONEY
FTX expects US to reduce bankruptcy claim to $3 billion to $5 billionFTX expects U.S. gov claims in bankruptcy to decrease to $3-5 billion, leaving no money for shareholders. Founder's false claims about harm...- FTX reaches settlement with BlockFi, may pay up to $874 millionFTX and BlockFi have reached a settlement, awaiting court approval. FTX will pay BlockFi up to $874 million due to the bankruptcy and misus...
- The hot new market in crypto? Trading FTX's carcassThe initial despair over FTX's failure has given way to a strange afterlife for the bankrupt exchange: a trading frenzy that has intensifie...
- Sam Bankman-Fried, the fallen wunderkind of cryptocurrencyHe was the face of cryptocurrency, and a young one at that -- a media darling seemingly destined to unite the sector. The young man known a...
- Lawyers land $700 million bounty from crypto collapseLawyers, accountants, consultants, cryptocurrency analysts and other professionals have racked up more than $700 million in fees since last...
- Payments processor Checkout dumps Binance over regulatory concernsBinance was once Checkout.com's largest client -- with more than $2 billion in transactions in one month in 2021, reports Forbes.
- BlockFi gets court nod to return $297 million to wallet customersBlockFi was one of several crypto lenders to go bankrupt in 2022, and questions about the ownership of customer funds have also been raised...
- Crypto firms acted like banks, then collapsed like dominoesIn a span of less than 12 months, nearly all of the biggest cryptocurrency companies have failed spectacularly.
- Crypto lending teeters on brink of extinction after Genesis collapseThis will make the market and its practices look more similar to lending in traditional markets, including rules on how much collateral mus...
- BlockFi tells U.S. bankruptcy court it is 'the antithesis of FTX'BlockFi filed for Chapter 11 protection on Monday, citing FTX's collapse and volatility in the crypto markets.
- BlockFi makes first appearance in bankruptcy courtBlockFi is expected to tell U.S. Bankruptcy Judge Michael Kaplan in Trenton, New Jersey why it went bankrupt and how it plans to exit from ...
- New CEO calls FTX's corporate control a 'complete failure'FTX collapsed last week after a run on deposits exposed a deep financial hole in the business. Last Friday, the company filed for bankruptc...
- FTX's founder was called a modern-day J.P. Morgan Sr. The analogy still works.Bankman-Fried, founder of the exchange known as FTX, was considered by many to be a safe bet that would tame the wilds of crypto, his indus...
- Binance-FTX saga: Ongoing bloodbath in crypto and what to expect aheadFor crypto investors, this entire week has been a rollercoaster ride
- Binance pulls out of deal to acquire rival crypto exchange FTXRival Changpeng Zhao, the CEO of a bigger crypto exchange called Binance, agreed to bail out FTX. But FTX's future grew murkier Wednesday w...
- Crypto exchange FTX has "a few billion" to support industry: Sam Bankman-FriedSam Bankman-Fried, 30, has become crypto's white knight in recent weeks, throwing lifelines to digital asset platforms which have faltered ...
- Crypto Price Today LIVE: Bitcoin, Ethereum drop 1% each; Dogecoin rallies 11%Bitcoin and Ethereum dropped a per cent each, whereas Avalanche and Solana plunged 3-4 per cent each. Dogecoin zoomed 11 per cent and Tron ...
- Crypto banking and decentralized finance, explainedThe development of Bitcoin and thousands of other cryptocurrencies in a little over a decade has changed the definition of money — and spaw...
- Crypto’s rapid move into banking elicits alarm in WashingtonIn recent months, top officials from the Federal Reserve and other banking regulators have urgently begun what they are calling a “crypto s...
- Why the Bitcoin crash was a big win for cryptocurrenciesEverything on the blockchain is open and can be seen and analyzed in real-time, so these liquidations and trading can be watched as they un...
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