Topic: FTX
List of FTX creditors contains few Cayman entities
A search of the list of creditors of FTX, containing more than 100 pages and filed with the US Bankruptcy Court in Delaware, shows only a handful of Cayman Islands-based entities.
Horrible year leaves crypto in a bind
To say that 2022 was a difficult year for crypto is an understatement. Dramatic declines in asset values, stablecoin collapses, bankruptcies of what appeared to be some the industry’s largest and most successful businesses, and widespread contagion meant a near-death experience for any digital asset venture.
Q&A: Making digital asset businesses compliant
The Cayman Islands Monetary Authority (CIMA) has so far been very conservative in granting virtual asset service provider (VASP) licenses.
Bahamas regulator has seized $3.5 billion of FTX assets
The Securities Commission of The Bahamas took control of $3.5 billion in digital assets two days after suspending the licence of failed crypto exchange FTX and obtaining a court order putting the company in liquidation.
Bahamas regulator was tipped off by FTX insider
A senior executive at FTX tipped off the Securities Commission of The Bahamas a few days before crypto exchange collapsed that client assets had been transferred to cover losses at FTX founder Sam Bankman-Fried’s investment firm Alameda Research.
FTX collapse risks tarnishing Caribbean as a whole
Industry observers are fearing that the wider Caribbean and offshore jurisdictions could be hit by the reputational fallout of failed crypto exchange FTX.
Another crypto bust: BlockFi files for bankruptcy
Crypto lender BlockFi has filed for bankruptcy on Monday in the widening contagion following the implosion of crypto exchange FTX.
Bankrupt FTX claims more than a fifth of its customers are in Cayman
The administrators of collapsed crypto exchange FTX and related companies have claimed in a court filing that most of the group’s customers are from the Cayman Islands.
Bleak prospects for FTX customers
The bankruptcy of crypto exchange FTX took another turn for the worse this weekend when more than US$600 million mysteriously disappeared from both FTX’s international and US exchanges.
FTX files for US bankruptcy after Bahamas regulator freezes assets
Crypto exchange FTX has filed for bankruptcy protection in the United States after it was unable to process a deluge of withdrawal requests earlier in the week.
Looming FTX collapse deepens crypto winter
The fourth-largest crypto exchange FTX.com could face bankruptcy if it does not secure funding to cover a shortfall of as much as US$8 billion.
