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Genesys Crypto Lending Unit for US Bankruptcy Files

Genesys Crypto Lending Unit for US Bankruptcy Files

Jan. 20 (Reuters) – The lending unit of crypto firm Genesis filed for US bankruptcy protection on Thursday, owing at least $3.4 billion, after being ousted by a market rout along with the likes of FTX exchange and lender BlockFi. Genesis Global Capital, one of the largest cryptocurrency lenders, froze customer refunds on November 16 …

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A Brazilian court grants bankruptcy protection to retailer Americana

A Brazilian court grants bankruptcy protection to retailer Americana

SAO PAULO (Reuters) – A Rio de Janeiro court on Thursday accepted the filing for bankruptcy protection by Brazilian retailer Americana SA (AMER3.SA), days after the company disclosed nearly $4 billion in accounting discrepancies that sparked a dispute. legally with the investment creditors. Americana, a 93-year-old company with stores across Brazil and a major e-commerce …

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Lawyer says failed cryptocurrency exchange FTX has recovered more than $5 billion

Lawyer says failed cryptocurrency exchange FTX has recovered more than $5 billion

FTX was valued a year ago at $32 billion More than $8 billion in FTX client funds are missing Submission of a plan to sell FTX affiliates in court New York/Wilmington, Del. Jan. 11 (Reuters) – Cryptocurrency exchange FTX has recovered more than $5 billion in liquid assets, but the scale of customer losses in …

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Shares of ant-related companies rise after news of Jack Ma's relinquishment of control;  Ali Baba jumps

Shares of ant-related companies rise after news of Jack Ma’s relinquishment of control; Ali Baba jumps

(Reuters) – Shares of listed Chinese companies, which count Ant Group as a major shareholder, rose on Monday after it was announced that Ant founder Jack Ma would relinquish control of the financial technology giant after an overhaul. Hong Kong-listed shares of Alibaba (9988.HK) jumped 7%. Shares of Longshine Technology Group Co Ltd (300682.SZ), Jilin …

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EXCLUSIVE: The former FTX chief attorney helped US authorities in the Bankman-Fried case

EXCLUSIVE: The former FTX chief attorney helped US authorities in the Bankman-Fried case

(Reuters) – Former FTX chief attorney Daniel Friedberg cooperated with US prosecutors as they investigated the crypto company’s collapse, a source familiar with the matter said, adding pressure to founder Sam Bankman-Fried who was arrested last month on criminal fraud charges. . The person said Friedberg gave details of FTX in a Nov. 22 meeting …

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