Numerous parties have objected to the retention of Sullivan & Cromwell as lead counsel to FTX, citing conflicts of interest and insufficient disclosures.
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Some cryptocurrencies will perform better than stocks in 2023 as they become less sensitive to macroeconomic factors, according to Arca’s chief investment officer, Jeff Dorman.
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The exchanges are yet to finalize the potential merger, with WonderFi releasing a public statement in response to market speculation and a surging share price.
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The deal has received initial approval from the bankruptcy judge but will require the approval of creditors and final court approval.
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Following the fallout of FTX, implementing zero fee BTC trading and some notable global acquisitions Binance’s market dominance has surged throughout 2022.
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Administrative expenses from the bankruptcy proceedings have already topped $53 million, and continued delays are chipping away at Celsius’ estate.
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The bankrupt lender is set to hold auctions for its assets in January, while it's been given the green light to return some customer funds.
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Binance’s US arm has rolled out a feature called "Pay" that was launched by its global parent to users outside the US in 2021.
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Sam Bankman-Fried has been the subject of many lawsuits and investigations since the collapse of FTX, with more likely to follow.
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The funds are made up of crypto held within custody accounts on Celsius that had not been transferred to Earn accounts.
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Bitcoin proponent and author Jeff Booth is convinced that the crypto ecosystem will eventually collapse as a consequence of its centralization — except Bitcoin, that is.
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Despite taking issue with tokens created by centralized exchanges, BlackRock’s CEO sees securities tokenization as the next evolution of the financial market.
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While BlockFi has attempted to separate itself from FTX and Alameda in its bankruptcy proceedings, it has many financial ties to firms owned by SBF.
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Claims and noticing agents such as Kroll are often assigned to bankruptcy cases where the number of creditors exceeds a thousand.
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The former CEO had a wide-ranging interview in which he made a number of startling remarks.
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