Genesis creditors are starting to bail on bankrupt lender
Prior to the bankruptcy, many Genesis creditors said they still believed they'd be able to get all or most of what they had deposited back.
25 stories, newest first
Prior to the bankruptcy, many Genesis creditors said they still believed they'd be able to get all or most of what they had deposited back.
Alameda Research CEO Sam Bankman-Fried routed more than $400 million worth of FTX customer deposits to a number of ex-Jane Street traders.
Despite Alameda's lack of risk mitigation procedures, it appears those in charge of liquidations may be as gung-ho as the previous leaders.
Bitvavo is due up to $300 million after Bahamas-based FTX collapsed, leaving Genesis Trading and Digital Currency Group owing $1.8 billion.
Unlike Sam Bankman-Fried, Ellison has remained publicly silent since FTX's collapse and hasn't tweeted since early November.
HiveEx, an over-the-counter trading desk, was purchased by Alameda Research in 2020 and then used to accept deposits for FTX.
Crypto startup Helium may have had a rough year, but fear not: its founder Amir Haleem is putting his energy into burning rubber.
From its close ties to FTX to bailing out its own company and trying to sue a Carl Sagan fan, Jump is never far from the crypto headlines.
Even Elon Musk thinks Sam Bankman-Fried's political giving can save him from investigation. However, FTX's donations transcend parties.
Many in the crypto space think that a 'Cool Token' not traditional bankruptcy is the way to go for FTX. But how did it work out for Bitfinex?