Crypto lender Celsius Network cleared to exit bankruptcy
Celsius Network logo and representations of cryptocurrencies are seen in this illustration taken, June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire...
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Jury in FTX founder Sam Bankman-Fried’s fraud trial begins deliberations
NEW YORK, Nov 2 (Reuters) - The jury in Sam Bankman-Fried's fraud trial began deliberations on Thursday following a monthlong trial in which prosecutors accused the FTX cryptocurrency exchange founder of stealing billions of dollars of customer funds.Bankman-Fried is poised to learn his fate in Manhattan federal court nearly a year after FTX declared bankruptcy as its customers raced to withdraw their funds in a collapse that shocked cryptocurrency markets and obliterated the 31-year-old's fortune, once estimated by Forbes at $26 billion.Bankman-Fried has pleaded not guilty to two counts of...
Sam Bankman-Fried demanded special privileges for his fund, ex-colleague testifies
NEW YORK, Oct 5 (Reuters) - Sam Bankman-Fried's college roommate and ex-colleague, Gary Wang, testified on Thursday at the FTX cryptocurrency exchange founder's fraud trial that Bankman-Fried told him to give a hedge fund they co-owned special trading privileges on FTX.The special privileges granted to the hedge fund, Alameda Research, included a $65 billion line of credit, several orders of magnitude bigger than the amount other users were able to borrow, he said. Alameda had withdrawn $8 billion from FTX by the time of the exchange's bankruptcy in November 2022,...
UK law firm Axiom Ince nears closure amid financial difficulties, police probe
A general view of skyscrapers in The City of London financial district seen from City Hall in London, Britain, May...
Evergrande seeks US court nod for $32 billion debt overhaul as China economic fears mount
Evergrande seeks protection from creditors as part of debt restructuringEvergrande to meet creditors later this month for restructuringFinancial markets hit...
US trucking firm Yellow files for bankruptcy, blasts Teamsters
Company to wind down operationsThousands of workers at riskYellow intends to pay back U.S. government loanAug 7 (Reuters) - Some 30,000 workers at Yellow Corp (YELL.O) were looking for jobs on Monday after the major trucking company filed for Chapter 11 bankruptcy protection, potentially saddling U.S. taxpayers with losses from a government rescue of the long-troubled carrier.The nearly 100-year-old company, which halted operations on July 30, has been a dominant player in the "less-than-truckload" segment that hauls cargo for multiple customers on a single truck.It laid blame for the bankruptcy,...
Regulator cancels license of FTX’s Australian business
July 19 (Reuters) - Australia's securities regulator said on Wednesday it had cancelled the license of the local arm of...
FTX seeks to recoup $323 mln from failed European expansion
FTX founder allegedly misappropriated customer funds for European acquisitionFTX failed to find a buyer for the company in bankruptcy saleNEW...
U.S. bankruptcy judge approves Binance.US $1.3 bln deal for Voyager
March 7 (Reuters) - Bankrupt crypto lender Voyager Digital received court approval on Tuesday to sell its assets and transfer...
FTX’s Singh pleads guilty as pressure mounts on Bankman-Fried
NEW YORK, Feb 28 (Reuters) - Nishad Singh, the former director of engineering at now-bankrupt cryptocurrency exchange FTX, pleaded guilty...
