The Ontario Teachers' Pension Plan (OTPP), which oversees assets worth over $190 billion, has decided to steer clear of cryptocurrency investments following the loss of its entire $95 million investment in the now-defunct FTX cryptocurrency exchange, which collapsed in November 2022. OTPP invested in FTX twice; during the 2021 bull ...
According to a report, Silvergate Bank, which is no longer operational, is facing three lawsuits from former investors who allege that the bank aided FTX, a now-bankrupt crypto exchange, in defrauding investors. The lawsuits have been consolidated by California Judge Jacqueline Scott Corley of the Northern District since they involve ...
The legal costs incurred by the bankrupt cryptocurrency exchange FTX in February 2023 have been released, and they remain a cause of concern for the company's debtors. Court documents from April 4 to April 10, 2023, show that the law firms involved in FTX's bankruptcy proceedings billed almost $32.5 million ...
FTX's attempt to conceal the identities of its non-American customers during its bankruptcy proceedings has drawn criticism from mainstream media outlets. On April 4, 2023, Bloomberg, The Financial Times, The New York Times, and its parent company Dow Jones & Company objected to FTX's redaction of non-American customers' names in ...
FTX EU, the European division of the now-bankrupt cryptocurrency exchange, FTX, has launched a new website that allows European customers to request withdrawals of their funds trapped in the exchange. As per a report from Finance Magnates, the Cyprus Securities and Exchange Commission (CySEC) granted approval for the new website ...
Former FTX CEO, Sam Bankman-Fried (SBF)'s legal saga has taken a new turn as his lawyers and U.S. prosecutors reach a new bail agreement. A Reuters report revealed that on March 27, 2023, SBF's legal team and U.S. prosecutors reached a new bail agreement that would allow him to stay ...
Bankrupt cryptocurrency exchange FTX is reportedly seeking to recover $460 million in allegedly misused customer assets from venture capital firm Modulo Capital. FTX is settling with Modulo Capital for $460 million. First big "clawback". pic.twitter.com/JNHn2bhNLb — FTX 2.0pium (FTX Creditor) (@AFTXcreditor) March 22, 2023 On March 22, 2023, FTX filed ...
The administrators in charge of restructuring the bankrupt crypto exchange, FTX, have revealed that six former executives, including Sam Bankman-Fried (SBF), received payments and loans totalling $3.2 billion from FTX-affiliated companies. Sharing the FTX Debtors’ press release just issued: https://t.co/r7PlneGSXF — FTX (@FTX_Official) March 16, 2023 On March 15, 2023, ...
