bankrupt exchange
Judge Considers Dismissing Shaquille ONeal and Naomi Osaka from FTX Lawsuit
A federal judge in Florida is considering dismissing Shaquille O’Neal and Naomi Osaka from the FTX lawsuit due to uncertainty about whether they were served. The judge reprimanded other celebrity defendants for not following proper procedure in requesting a conference extension. A consolidation request by some plaintiffs against FTX was denied, and lawyers for former FTX CEO Sam Bankman-Fried noted the possibility of pushing back the criminal trial scheduled for October 2023.
17,000 Customers Claim Refund from Collapsed Canadian Crypto Exchange QuadrigaCX
Ernst & Young, the trustee of the now-bankrupt cryptocurrency exchange QuadrigaCX, published a report showing that almost 17,000 people have filed for the remaining assets of the crypto exchange. EY assumed control of the crypto exchange in February 2019 after QuadrigaCX filed for bankruptcy. Ernst & Young took over custody of QuadrigaCX’s assets following the alleged death of Gerald Cotton, the founder of QuadrigaCX, who held the private keys to the crypto holdings, in January 2019. The report indicates that as many as 16,959 people have claimed assets ranging from Litecoin, Bitcoin, Ethereum, Bitcoin Gold, Bitcoin SV, and Bitcoin cash, along with US dollars and Canadian dollars.
$1.7 Billion Rehabilitation Plan for Mt. Gox Hack Victims Shelved Until December
Victims of the now non-defunct crypto exchange Mt. Gox will have to wait on their refund following a 2014 hack, which triggered the loss of over 150,000 Bitcoin.
Swiss SIX Exchange Launches Bitcoin and Ether Exchange-Traded Product
Fintech firm, Amun and crypto custodian Bitcoin Suisse and announced today of the launch of its Swiss Franc denominated Amun Bitcoin Suisse BTC/ETH exchange-traded product (ETP). This ETP, a combination of Bitcoin and Ether, has gone live on the Swiss stock exchange, SIX.
Bitcoin.com Exchange Collaborates With Changelly For Seamless Crypto Swaps
Changelly cryptocurrency exchange platform partneres with Bitcoin.com Exchange, a new cryptocurrency exchange in the crypto market to ensure that customers enjoy seamless swapping of cryptocurrencies
Crypto Scams Took in More Than $30 Million in Taiwan in 2019
Blockchain and cryptocurrency investment scams have risen and have reached $900 million New Taiwan dollars ($30 million) in Taiwan last year, according to Gao Hongan, a political figure in the country.
Canadian Crypto Exchange Shuts Down to Protect Customers
In Vancouver, Canada, another cryptocurrency exchange has closed down. This is not the first Canadian based Exchange to encounter problems, with some users losing everything last year when another exchange lost access to private keys.
Wirex Moves on From Defunct Wirecard, Secures New Partnership with Railsbank
Crypto service provider Wirex has moved on from Wirecard,. The company has secured a new partnership with Railsbank
Stealth Now Live on Altilly Crypto Exchange
The CEO of Altilly, Nayiem Willem announced on Oct.10, “we’re pleased to have Stealth (XST) join our exchange platform.”
Crypto Exchange Huobi Plans to Reverse IPO in Hong Kong
Cryptocurrency exchange Huobi has reportedly been planning a reverse initial public offering (IPO) according to a document revealed by the Hong Kong Stock Exchange (HKEX).
Line’s Singapore Crypto Exchange Relaunched as US-based Bitfront
Line, the Japanese messaging service has closed its Singapore-based cryptocurrency exchange and relaunched the exchange service globally from a United States-based platform.
BitMEX Invests in South Africa’s Largest Bitcoin Exchange
In a bold financial move, the parent company of BitMEX cryptocurrency exchange has decided to invest in a South Africa’s biggest Bitcoin exchange, VALR.
Why Did Venezuela Block Citizens’ Access to Coinbase Crypto Exchange?
Venezuela has blocked access to Coinbase crypto exchange and MercaDolar fiat remittance platform, but why?