Bankruptcy

NFL superstar Tom Brady and basketball player Stephen Curry and other US celebrities are facing an investigation by the Texas financial regulator regarding the...

Broker Genesis is struggling to raise fresh money for its credit division and is warning potential investors that the company may have to file...

The Federal Bureau of Investigation (FBI) is demanding the extradition of Sam Bankman-Fried to the United States. Together with Bahamian authorities, the US Central...

After the bankruptcy of FTX, BlockFi is also facing bankruptcy. Payouts were already stopped last week. The bankruptcy of crypto exchange FTX has sent shockwaves...

On many pictures, Sam Bankman-Fried aka SBF looks like the Hobbit Samwise, aka Sam from the movie The Lord of The Rings. SBF has lost ten billion dollars or 94% of his wealth in just 24 hours, when his crypto exchange FTX crashed. A record. Never before has a billionaire from the Forbes list lost so much of his fortune in a single day as Sam Bankman-Fried.

Based on exclusive information from Finanz-Szene, Fidor Bank is to be liquidated by mid-2024. Six years after the takeover, the major French bank BPCE, which...

In March, the Ukrainian government under Volodymyr Selenskyj proudly presented a new way of increasing donations: The crypto exchange FTX was supposed to make more out of 100 million - now FTX is bankrupt. The suspicion: vast sums of aid money are gone.

In the FTX crash, the crypto market has been in a state of shock. Celebrities such as the U.S. football star Tom Brady are among those affected. Slowly, the full extent of the FTX crash is becoming visible. Sam Bankman-Fried's crypto exchange had signed big-name investors and promotional deals, including Brady and his ex-wife, the Victoria-Secret model Gisele Bündchen, and NBA legend Stephen Curry. Not just promote faces, but also capital providers such as BlackRock and Kraken are among the losers of the FTX crisis.

The takeover of struggling crypto exchange FTX.com by rival Binance (PR42 profile) has fallen through. "We have decided not to pursue the potential acquisition," Binance...