Kanye West has blamed Adidas for suspending four of his bank accounts, totaling $75 million. And he added that he will meet the former president again in 2024. He stated that his decision was influenced by Adidas reportedly breaking into his bank accounts and locking away all of his money.
During the bankruptcy proceedings, the lawyer for FTX claimed that much of the company’s assets had been stolen or vanished. Unfortunately, the FTX debtors were not adequately governed, according to attorney Bromley. The attorney said the FTX case was “unprecedented” in his opening statement. He further claimed that Sam Bankman-Fried
New problems have arisen in the Bahamas, the former home of the collapsed crypto exchange FTX. After the ailing cryptocurrency exchange filed for bankruptcy on November 11. The Supreme Court of Bahamas issued an order in favor of the Securities Commission on November 21. The ruling required the exchange to
Top officials at the defunct exchange FTX run by Sam Bankman-Fried (SBF), as well as his parents, spent $121 million in Bahamas investment. 19 residences in total were bought over two years, according to the investigation. High-end beachfront properties made up the majority of FTX’s acquisitions. Seven condominiums in Albany’s
Crypto lender Genesis turned up to clearly state that they have no intention to immediately file for bankruptcy. The Digital Currency Group-owned brokerage declared this through an email statement, as reported by Bloomberg. Genesis opts to do outreach to investors and clients seeking credits for recovery. Genesis spokesperson stated: “We
The Texas State Securities Board began investigating FTX’s operations last month to see whether the exchange’s yield-bearing crypto accounts were providing people with unregistered securities. Since the company’s demise on November 11, the board has dramatically broadened its investigation into the consequences of this multibillion-dollar bankruptcy. Promotions of FTX by celebrities
The Japanese branch of cryptocurrency exchange FTX Trading, FTX Japan, is working toward resuming withdrawals by the year’s end. While FTX Japan has temporarily halted withdrawals, an official there indicated on Monday that work is already underway on a new withdrawal procedure. Also, FTX Accounts Drainer keeps transferring crypto assets
According to reports, Ripple CEO Brad Garlinghouse is looking into buying assets from defunct cryptocurrency exchange FTX. The conversation, according to Ripple’s CEO, focused on whether or not there were any firms held by FTX that Ripple “would want to own.” Garlinghouse told The Sunday Times on the sidelines of
On Sunday, FTX reached out to other cryptocurrency exchanges for assistance, explaining that stolen monies were being moved from the compromised exchange to third parties wallets. The insolvent firm, now run by John J. Ray III, CEO of FTX, requested that its competitors “take all measures” to recover the money
Selling pressure was high on Sunday night for the second biggest cryptocurrency in the world, ETH. The attacker who stole $600 million from the FTX exchange was reportedly trading in his Ether for Bitcoin on Sunday, November 20. The hacker exchanged all the stablecoins for Ethereum last week, amassing $288
