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Tag: Bankruptcy

FTX Estate Sues Layerzero Labs for $85M Over Alleged Fraudulent Deals and Asset Withdrawals Amidst Collapse

September 11, 2023 wp-bot Bitcoin News

The bankrupt estate of cryptocurrency exchange FTX is suing blockchain company Layerzero Labs in an attempt to claw back a $45 million deal and over

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FTX sues LayerZero Labs, seeks to recover over $21M moved prior to bankruptcy

September 10, 2023 wp-bot Cointelegraph

FTX is seeking the cancellation of agreements made days before it collapsed, as well as the return of millions transferred to LayerZero Labs and its

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FTX Looking to Recover Millions Paid to Athletes and Sports Clubs

September 10, 2023 wp-bot Bitcoin News

Advisers working for FTX have analyzed if some payments made by the failed crypto exchange to sports stars and organizations can be returned. The money

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Genesis sues parent company DCG, other affiliate for $600M loans, then stays action

September 6, 2023 wp-bot Cointelegraph

DCG borrowed $500,000 from its subsidiary last year, and DCG Investments borrowed over 18,000 BTC. Both have allegedly defaulted.

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US-based Genesis Global Trading will eliminate its crypto spot trading service

September 5, 2023 wp-bot Cointelegraph

The company, an affiliate of Barry Silbert’s Digital Currency Group, has been providing crypto spot trading since 2013. Its closure is “for business reasons.”

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Samuel Trabucco’s Multi-Million Dollar Yacht Spotlighted in FTX’s Financial Records

September 4, 2023 wp-bot Bitcoin News

The FTX debtors filed a bankruptcy court document detailing lavish cash transfers and purchases by former CEO Sam Bankman-Fried and other company insiders. The section

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Blockchain
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