FTX

FTX Debtors and FTX Digital Markets (Bahamas) Announce Global Settlement

Retrieved on: 
Tuesday, December 19, 2023
United States bankruptcy court, Policy, Multimedia, KYC, Bankruptcy, Supreme court, Court, FTX, Global Analyst Research Settlements, Non-fungible token, FTT, Joint, Debtor, Disclosure, Cryptocurrency

WILMINGTON, Del., Dec. 19, 2023 /PRNewswire/ -- FTX Trading Ltd. (d.b.a. FTX.com) and its affiliated debtors (together, the "FTX Debtors") announced today that they have reached a global settlement with Brian C. Simms KC, Peter Greaves and Kevin Cambridge, the Joint Official Liquidators (the "JOLs") on behalf of FTX Digital Markets Ltd. ("FTX Digital Markets"), the wholly-owned subsidiary of the Debtors that is subject to a liquidation proceeding in The Bahamas.  The settlement is reflected in a Global Settlement Agreement, signed by the parties today.  The Global Settlement Agreement is subject to the approval of the U.S. Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") and the Supreme Court of the Bahamas Court (the "Bahamas Court" and, together with the Bankruptcy Court, the "Courts"), which approvals the parties have agreed to seek promptly.

Key Points: 
  • FTX.com) and its affiliated debtors (together, the "FTX Debtors") announced today that they have reached a global settlement with Brian C. Simms KC, Peter Greaves and Kevin Cambridge, the Joint Official Liquidators (the "JOLs") on behalf of FTX Digital Markets Ltd. ("FTX Digital Markets"), the wholly-owned subsidiary of the Debtors that is subject to a liquidation proceeding in The Bahamas.
  • customer preferences will be reconciled in a jointly-administered process, pursuant to which the FTX Debtors and FTX Digital Markets will apply a consensual preference policy informed by the settlement announced by the FTX Debtors on October 16, 2023.
  • The FTX Debtors and FTX Digital Markets currently anticipate that eligible FTX.com customers will be able to make this election either in response to Chapter 11 plan ballots distributed by the FTX Debtors or a separate proof of debt form filed in FTX Digital Markets' liquidation proceeding.
  • The Global Settlement Agreement also includes important agreements between the FTX Debtors and FTX Digital Markets with respect to the monetization of the assets of the FTX group and inter-estate funding.

Ancora Issues Letter to Fellow Shareholders of The Walt Disney Company Regarding the Value of Adding an Investor Representative to the Board

Retrieved on: 
Tuesday, December 5, 2023
Professional Services, Data Analytics, Other Professional Services, Finance, Asset Management, Consulting, NYSE, Suning Holdings Group, The Walt Disney Company, ESPN, FTX, Security (finance), Film industry

Ancora is a shareholder of Disney because its brand, entertainment assets and media holdings can underpin sustained value creation for decades to come.

Key Points: 
  • Ancora is a shareholder of Disney because its brand, entertainment assets and media holdings can underpin sustained value creation for decades to come.
  • We believe Disney is saying the right things about restructuring and transforming the enterprise.
  • Nonetheless, the addition of a shareholder representative or investor-designated directors to the Board can help ensure that these efforts are carried out in the most effective way.
  • Mr. Peltz (or a qualified designee) would make a fantastic addition to Disney’s Board.

Bullish Acquires CoinDesk from Digital Currency Group

Retrieved on: 
Monday, November 20, 2023
Cryptocurrency, Finance, Public Relations, Investor Relations, Banking, Communications, Professional Services, Technology, Digital Cash Management, Digital Assets, Bitcoin, Consensus, CDI, Consensus decision-making, Citigroup, Risk, The Wall Street Journal, Digital Currency Group, DCG, Multimedia, Benchmarking, Ether, Morgan, Lewis & Bockius, Partnership, CoinDesk, AMM, Growth, ETP, FTX, Decentralized finance, Sport, MENA, Fortune 500, News, George Polk Awards, Lazard, Financial adviser

Bullish , the fastest growing regulated, institutional digital assets exchange led by Tom Farley, announced today that it has acquired CoinDesk, the integrated media, events and index platform for the future of finance, from Digital Currency Group (DCG).

Key Points: 
  • Bullish , the fastest growing regulated, institutional digital assets exchange led by Tom Farley, announced today that it has acquired CoinDesk, the integrated media, events and index platform for the future of finance, from Digital Currency Group (DCG).
  • CoinDesk will continue to be led by Kevin Worth and the existing management team and operate as an independent subsidiary within Bullish.
  • View the full release here: https://www.businesswire.com/news/home/20231120856497/en/
    “With its acclaimed editorial coverage, premier events and market-leading data and indices, CoinDesk continues to shape the global crypto and blockchain ecosystem,” said Tom Farley, CEO of Bullish.
  • CoinDesk Media provides news and analysis on the price movements, technologies, companies and people shaping the evolution of the bitcoin and digital currency ecosystem.

Eight Annual National Miami Class Action Forum

Retrieved on: 
Monday, December 18, 2023
UM, Voyager, Student, Insurance, Multimedia, Adjunct, Friends, CORAL, Federal, Surfside condominium collapse, University, Forum, Memory, Lawyer, FTX, Tobacco, Cryptocurrency, Moskowitz, Binance

CORAL GABLES, Fla., Dec. 18, 2023 /PRNewswire/ -- Many of the most experienced federal judges, plaintiff and defense lawyers, and experts in class action litigation, will be speaking at the 8th Annual University of Miami School of Law Class Action Forum on January 26, 2024 moderated by Adam Moskowitz.

Key Points: 
  • CORAL GABLES, Fla., Dec. 18, 2023 /PRNewswire/ -- Many of the most experienced federal judges, plaintiff and defense lawyers, and experts in class action litigation, will be speaking at the 8th Annual University of Miami School of Law Class Action Forum on January 26, 2024 moderated by Adam Moskowitz.
  • Nationally known Class Action attorney Adam Moskowitz , who has been the Adjunct Professor in Class Action Law at UM's law school for over 31 years, helped create the Forum with his colleagues and good friends at Podhurst Orseck and Lance Harke.
  • Over 950 law students have successfully completed the UM Class Action Program and many have attended the Forum.
  • Moskowitz adds, "One of my life's greatest joys has been to teach Class Action Litigation at my alma matter for over 31 years and our annual Forum is a celebration of those team efforts."

Casa Introduces Stablecoin Vaults for Monetary Sovereignty

Retrieved on: 
Wednesday, December 13, 2023
Tether, USD Coin, ETH, Risk, BTC, FTX, USDT, USDC, Ether, Hacks, Anxiety, Accident, Cryptocurrency, Locksmithing, CASA

With Casa stablecoin vaults, members can hold dollar-pegged stablecoins with multiple keys, so losing a key doesn't have to mean lost funds.

Key Points: 
  • With Casa stablecoin vaults, members can hold dollar-pegged stablecoins with multiple keys, so losing a key doesn't have to mean lost funds.
  • DENVER, Dec. 13, 2023 /PRNewswire/ -- Casa , the leading provider of self-custodial vaults for bitcoin and ethereum investors, is introducing stablecoin support as the latest addition to its vault product.
  • Casa members can now hold Tether (USDT) and USD Coin (USDC) alongside bitcoin and ether in sovereign multi-key vaults.
  • With today's rollout, Casa members can create their own sovereign multi-key vaults for BTC, ETH, and stablecoins for the first time and manage them all in the Casa app.

CoinZoom Anticipates 'Crypto Spring' with New App Including Advanced Trading Features, Multiple Funding Options and Free, Cross-Border Remittances

Retrieved on: 
Thursday, November 30, 2023
Bitcoin, Human, Safety, IPad Air 2, ACH, SOC 2, Blockchain, Appetite, Accreditation, App, Apple Pay, Growth, P2P, FTX, SOC, IOS, Empathy, Walking, Pro, Cryptocurrency

SALT LAKE CITY, Nov. 30, 2023 /PRNewswire-PRWeb/ -- CoinZoom, a U.S.-based financial platform announced the launch of its new iOS App, which includes advanced cryptocurrency trading features, a large variety of funding options and enhancements to their free, international remittance service, ZoomMe.

Key Points: 
  • They also report a revival of crypto trading amidst recent market optimism with a 20% increase in customers trading since April.
  • The CoinZoom App puts simplicity, security and speed at the forefront, wherever you are on your crypto journey.
  • Users can toggle between Pro mode, which was built for the advanced trader, or Simple mode, built for the crypto novice.
  • They need easy funding and withdrawal options, a simple, functional wallet with fast and low-cost ways to move and spend funds.

Navigating Crypto's Evolution: Reflections on a Transformative Year and What Lies Ahead

Retrieved on: 
Tuesday, November 28, 2023
Bitcoin, Trident, Signature, Institutionalisation, FTX, Silvergate, Artificial intelligence, Multimedia, Interview, Cryptocurrency

Expectations for the launch of a US Bitcoin ETF remain high, but questions linger about the future of such a dynamic sector.

Key Points: 

Fireblocks Launches Off Exchange, the First Solution to Truly Mitigate Exchange Counterparty Risk, with Deribit as First Live Exchange Integration

Retrieved on: 
Tuesday, November 28, 2023
Risk management, BIT, Risk, Fraud, Institutionalisation, Learning, Hacks, Ecosystem, Exchange, Wallet, MPC, HTX, FTX, CCO, Bankruptcy, Cryptocurrency, Financial services, Bitget

NEW YORK, Nov. 28, 2023 /PRNewswire/ -- Today, Fireblocks – a platform to manage digital asset operations and securely build blockchain-based products – announced the launch of Fireblocks Off Exchange, the first and only solution that truly eliminates exchange counterparty risk.

Key Points: 
  • NEW YORK, Nov. 28, 2023 /PRNewswire/ -- Today, Fireblocks – a platform to manage digital asset operations and securely build blockchain-based products – announced the launch of Fireblocks Off Exchange, the first and only solution that truly eliminates exchange counterparty risk.
  • Off Exchange enables trading firms and asset managers to trade on centralized exchanges from an on-chain MPC shared wallet.
  • We are pleased to be among the first users of Fireblocks Off Exchange, which mitigates exchange exposure through direct custody.
  • For those interested in learning more about Fireblocks Off Exchange and the Fireblocks Network, please visit fireblocks.com .

The Moskowitz Law Firm Selected as Sole Firm to Represent the US in Prestigious Global Legal Guide

Retrieved on: 
Thursday, November 9, 2023
Insurance, Chambers and Partners, Sale, Voyager, Policy, Guide, Certification, FTX, Lawyer, Multimedia, Chambers, Collective, Surfside condominium collapse, Charles Ponzi, European, Memory, Private law, Cryptocurrency

MIAMI, Nov. 9, 2023 /PRNewswire/ -- The Moskowitz Law Firm is honored to be selected as a Contributing Firm to the Chambers' Collective Redress & Class Actions Global Practice Guide.

Key Points: 
  • MIAMI, Nov. 9, 2023 /PRNewswire/ -- The Moskowitz Law Firm is honored to be selected as a Contributing Firm to the Chambers' Collective Redress & Class Actions Global Practice Guide.
  • The Guide covers 19 different jurisdictions across the globe and the Moskowitz Law Firm was selected as the sole Law Firm to represent the United States.
  • Adam Moskowitz, Managing Partner at The Moskowitz Law Firm contributed his extensive class action academic and practical expertise, along with Firm Partners Howard Bushman and Joseph Kaye .
  • The Moskowitz Law Firm is one of America's pre-eminent class action law firms.

Liquid Meta Provides Update on FTX

Retrieved on: 
Wednesday, November 8, 2023
Sale, FTX, United States bankruptcy court, Bankruptcy, Borrowing base, NEO, Cryptocurrency

TORONTO, Nov. 8, 2023 /PRNewswire/ - Liquid Meta Capital Holdings Ltd. ("Liquid Meta" or the "Company") (NEO:LIQD) (FRANKFURT: N5F) (OTCQB: LIQQF) announces that it has successfully entered into an Assignment of Claim Agreement for the sale of its bankruptcy claim against FTX Trading Ltd. to an arm's-length third-party in exchange for approximately US$1.428M.

Key Points: 
  • TORONTO, Nov. 8, 2023 /PRNewswire/ - Liquid Meta Capital Holdings Ltd. ("Liquid Meta" or the "Company") (NEO:LIQD) (FRANKFURT: N5F) (OTCQB: LIQQF) announces that it has successfully entered into an Assignment of Claim Agreement for the sale of its bankruptcy claim against FTX Trading Ltd. to an arm's-length third-party in exchange for approximately US$1.428M.
  • Approximately 1-year ago FTX Trading Ltd. and several FTX subsidiaries filed for bankruptcy in the Bankruptcy Court in the District of Delaware.
  • At the time, all customer accounts and deposits at FTX were frozen and held as part of the bankruptcy process which remains ongoing.
  • Further to the Company's press releases dated November 10, 2022 and November 18, 2022, as of the petition date of the bankruptcy claim against FTX Trading Ltd. (November 11, 2022), Liquid Meta held total assets of US$4,903,161 and borrowings of US$990,562 on the FTX Exchange resulting in a net balance of US$3,912,599.