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Sussberg said the company plans to file its assets and liabilities, along with a statement of financial affairs (SOFA) on Jan. 11, which the BlockFi later confirmed via its Twitter account. Shortly after the first hearing in November last year, the company also kicked off a sale process and has
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The legal team for former FTX CEO Sam Bankman-Fried has filed a motion in an effort to stop the exchange’s debtors from controlling more than $450 million worth of shares of Robinhood.In a Jan. 5 court filing regarding FTX’s bankruptcy case, Bankman-Fried’s lawyers said FTX debtors had “failed to carry
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The Bahamas will have legal representation in the unfolding FTX case. The Caribbean nation chose Brown Rudnick as counsel “in certain matters of engagement related to the collapse of FTX Digital Markets Ltd.,” alongside Bahamian lawyers and other experts, according to a statement released by the law firm. FTX Digital Markets
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The attorneys cited privacy and safety concerns as reasons for requesting the concealment of identities. Source
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SBF remains under house arrest after posting a $250 million bail bond back in December.Sam Bankman-Fried (SBF) the embattled founder and former Chief Executive Officer of bankrupt FTX Exchange is set to appear in court today to start the criminal proceedings on his fraud charges where he is expected to
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Professionals are charging upwards of $2,000 hourly wages against $12 million retainers as they attempt to restore funds to the million-odd creditors of Sam Bankman-Fried’s empire Original Source
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According to local sources, on Dec. 13, crypto executive Sam Bankman-Fried's (SBF) lawyers have requested bail in a Bahamas' Magistrate Court after his arrest on Dec. 12 pending extradition request by U.S. authorities. The move comes after presiding judge Chief Magistrate JoyAnn Ferguson-Pratt stated earlier today that SBF had the
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Genesis is in talks with creditors and potential investors, Bloomberg News reports. Source
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The CoinDesk Market Index, bitcoin and ether were all in the green. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets. Original Source
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“You have witnessed probably one of the most abrupt and difficult collapses in the history of corporate America,” an attorney for FTX said during the company’s first bankruptcy hearing on Tuesday. Source
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