A judicial panel has ordered the consolidation of the lawsuits against FTX's investors and celebrity promoters. The panel has ordered the creation of a multi-district litigation before a federal judge in Miami.
68 results for
bahamas
FTX and its affiliated debtors have filed an objection to bankrupt crypto lender Genesis' proposed extension to its ongoing mediation period. FTX also took issue with Genesis estimating its $3.9 billion claim at zero.
NBA legend Shaquille O'Neal has been served for a second in the class-action lawsuit against FTX and its founder Sam Bankman Fried.
The UK House of Commons Treasury Committee has published a report compelling the government to regulate trading of unbacked crypto as gambling rather than financial activity.
FTX and its associated debtors have reached an agreement with Miami International Holdings to sell LedgerX for approximately $50 million.
A Gibraltar court ruled for crypto exchanges to work with liquidators from beleaguered crypto trader Globix as the platform hopes to recover $43 million in digital assets.
FTX's lawyers have revealed that the crypto exchange may be restarted next year using the funds belonging to the bankrupt firm's creditors. The news sent native token FTT soaring over 80%.
The Global Financial Stability Report published by the International Monetary Fund (IMF) has reiterated the need for consistent regulation and adequate regulation of the crypto industry.