The fallout from the collapse of Sam Bankman-Fried’s now bankrupt FTX empire continues with another digital assets startup, BlockFi Inc, announcing it has filed for Chapter 11 bankruptcy protection, according to a report by Pensions & Investments Online.
As the Chapter 11 bankruptcy process for Sam Bamnkman-Fried’s failed cryptocurrency businesses gets underway, initial court filings have revealed that the largest creditors are owed over $3 billion, according to a report by the Financial Times. The report cites a
Crypto exchange Bybit, the world’s third most visited crypto exchange, is enhancing its risk management controls as part of the company’s continued efforts to ensure the most secure environment for its customers and increase the resiliency of its platform. The
Sam Bankman-Fried, the former CEO of bankrupt trading firm Alameda Research, allegedly borrowed $1 billion from the business after it borrowed the same amount from another of his companies, according to a report by ShoreNewsNetwork. The report cites a court
Compliance has now become a proactive exercise, to anticipate regulatory change and ensure firms remain up to speed with the latest requirements. In the current environment, with the increase in regulation, and the demands on personnel time it has created,
The Securities Commission of The Bahamas has frozen assets of FTX Digital Markets and related parties. The Commission also suspended the registration and applied to the Supreme Court of The Bahamas for the appointment of a provisional liquidator of FTX
Billionaire investor Daniel Oct has been accused of “mismanagement” as his hedge fund firm, then known as Och-Ziff, “deteriorated” forcing his successors to spend years stabilising the Wall Street firm, according to a report by Bloomberg. The report cites court
A group of hedge funds have told a UK judge that Argentina had a “propensity” to manipulate economic data to save billions of dollars. The accusation came as part of court case linked to payments the four funds are due
The US Securities and Exchange Commission’s (SEC) drive to increase transparency and competition in the hedge fund industry is ultimately aimed at reducing the fees paid by investors, according to a report by Reuters. The report quotes William Birdthistle, director
Activist investor Politan Capital Management (Politan), an 8.8% stockholder of Masimo Corporation (Masimo), has filed a lawsuit in the Court of Chancery of the State of Delaware against the company and its board of directors in response to attempts by
