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FTX had a 6.8b hole when it filed for bankruptcy

0xMain
March 18, 2023

6.8b, bankruptcy, filed, FTX, Hacking, hole

FTX, the defunct crypto exchange, had a $6.8b hole in its balance sheet when it declared bankruptcy last year. According to the group’s advisors, FTX’s debt includes a $10.6b deficit for the main FTX.com business and an $87m short for FTX.U.S. Alameda Research,...

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SVB parent company reportedly considering bankruptcy

0xMain
March 16, 2023

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SVB Financial Group, the parent company of troubled U.S. lender Silicon Valley Bank (SVB), is looking for ways to sell off its assets and is considering entering bankruptcy protection as one of its options. Bankruptcy filing as an option for selling assets According...

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FTX CEO billed $305,000 for February, bankruptcy lawyers cash in too

0xMain
March 7, 2023

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New FTX CEO John Ray III had a profitable February, with a payday of $305,000 according to new documents released to the public. Attachment 1 of document 811 filed by Kroll — the firm overseeing the FTX bankruptcy — shows that the firm’s...

FTX lawyers to make millions from bankruptcy case

0xMain
January 27, 2023

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FTX’s legal team is poised to reap millions from the ongoing FTX bankruptcy case. With the trial set to take place in October 2023, the team has under eight months to sort out the issue. The process is expected to take a lot...