Cryptonews The damage from the FTX saga is spreading far and wide through crypto 😔
The bankrupt FTX Group could have more than one million creditors, its new management told a bankruptcy court judge in Delaware., attorneys for the company revealed that simply compiling standard lists of the 20 top creditors for the roughly 130 companies under FTX Group, including FTX, FTX US and Alameda Research’s umbrella would overwhelm the team brought in by the firms’ new CEO, restructuring expert John J. Ray III.
So many of those overlap among the swatch of related companies that a single top 50 list would be a better choice, they added.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TSM FTX drops FTXFTX had signed a huge sponsorship deal with TSM.
Read more »
Steph Curry could ‘lose big’ from FTX collapse; Michael Lewis set to write bookWith FTX, Curry said in a commercial for the collapsed exchange, ‘I have everything I need to buy, sell and trade crypto safely.’
Read more »
U.S. authorities probe FTX collapse, executives' involvement -sourcesU.S. prosecutors in New York are probing FTX's collapse, a source with knowledge of the investigations said, after the crypto exchange filed for bankruptcy protection last week following a rush of customer withdrawals.
Read more »
After FTX bankruptcy, Binance proposing fund to save crypto from future failuresThe proposal is an effort to stave off the cascading effects of last week's implosion of FTX, the world's third-largest crypto exchange.
Read more »
Former FTX CEO Sam Bankman-Fried and allies lose gatekeepers to Washington as company collapsesFormer FTX CEO Sam Bankman-Fried and his allies are losing key gatekeepers to Washington as his company collapses.
Read more »
FTX Facing Criminal Investigation in the BahamasLaw enforcement in the Bahamas are investigating crypto exchange FTX following the platform's swift collapse. A local financial regulator also said that FTX was not required to allow Bahamas-based customers to withdraw their funds. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De weighs in.
Read more »