Celsius customers with collateral stuck on failed crypto platform turn to bankruptcy case for relief – CNBC | Vette Leader

Alan Knitowski has an MBA, has been in technology and finance for over 25 years and is the CEO of a Nasdaq-listed mobile software company. That didn’t stop him from being duped by a crypto firm. Knitowski borrowed $375,000 from crypto lender Celsius over several years and posted $1.5 million Bitcoin as a pledge. He … Read more

Celsius customers with collateral stuck on failed crypto platform turn to bankruptcy case for relief – CNBC | Vette Leader

Alan Knitowski has an MBA, has been in technology and finance for over 25 years and is the CEO of a Nasdaq-listed mobile software company. That didn’t stop him from being duped by a crypto firm. Knitowski borrowed $375,000 from crypto lender Celsius over several years and posted $1.5 million Bitcoin as a pledge. He … Read more

Dear helmsman: ‘I have accumulated a lot of garbage.’ I plan to make $6000 selling stuff on eBay. Can I put it into an IRA instead of paying income tax? – Market observation | Vette Leader

I am retired with social security and a state pension. In the last 30 years I have accumulated a lot of “junk” from eBay EBAY, +0.09%. Now I’m also trying to clear out my house and sell it at cost or for a small profit. Now that eBay is sending out 1099 I believe I … Read more

Dear helmsman: ‘I have accumulated a lot of garbage.’ I plan to make $6,000 selling stuff on eBay. Can I put it into an IRA instead of paying income tax? – Market observation | Vette Leader

I am retired with social security and a state pension. In the last 30 years I have accumulated a lot of “junk” from eBay EBAY, +0.09%. Now I’m also trying to clear out my house and sell it at cost or for a small profit. Now that eBay is sending out 1099 I believe I … Read more

Crypto meltdown a boon for bankruptcy attorneys – Reuters | Vette Leader

DEC 2 (Reuters) – Turmoil in the cryptocurrency industry has rocked major exchanges and shattered the value of digital assets, but at least one group will benefit: bankruptcy lawyers. High-profile bankruptcies of crypto exchange FTX, hedge fund Three Arrows Capital, and crypto lenders BlockFi, Celsius Network, and Voyager Digital Ltd are creating new opportunities — … Read more

Factbox: Crypto companies plunge into bankruptcy – Reuters | Vette Leader

DEC 1 (Reuters) – 2022 has been a tough year for the crypto industry. Bitcoin’s price is down 65% since the beginning of the year, cryptocurrency Luna has taken a total plunge, and crypto exchange FTX has gone from buying Super Bowl ads to crash-landing into bankruptcy. Here are the big crypto companies that went … Read more

For clients of the bankrupt FTX: good news – TheStreet | Vette Leader

The bankruptcy of Sam Bankman-Fried’s cryptocurrency empire on November 11 came as a shock to customers and investors of the various companies involved. The immediate open question is whether they will get their money back. The FTX cryptocurrency exchange has been one of the pivotal platforms in the fledgling financial services industry aiming to disrupt … Read more

Disgraced FTX founder Sam Bankman-Fried ghosted his legal team over bankruptcy: report – New York Post | Vette Leader

Disgraced FTX founder Sam Bankman-Fried ignored pleas from corporate lawyers and advisors urging him to file for bankruptcy “for days” before the cryptocurrency platform imploded, according to a report Tuesday. FTX General Counsel Ryne Miller was one of several people asking Bankman-Fried and other executives to relinquish their control of the company, the New York … Read more

Disgraced FTX founder Sam Bankman-Fried ghosted his legal team over bankruptcy: report – New York Post | Vette Leader

Disgraced FTX founder Sam Bankman-Fried ignored pleas from corporate lawyers and advisors urging him to file for bankruptcy “for days” before the cryptocurrency platform imploded, according to a report Tuesday. FTX General Counsel Ryne Miller was one of several people asking Bankman-Fried and other executives to relinquish their control of the company, the New York … Read more

How FTX’s ‘death spiral’ led to its doom, according to BlockFi bankruptcy filing – CNBC | Vette Leader

The BlockFi logo on a smartphone displayed in the Brooklyn borough of New York on Thursday, November 17, 2022. Gaby Jones | Bloomberg | Getty Images There was reportedly one man who was able to save crypto – Sam Bankman-Fried. the previous FTX The CEO exited and took over crypto companies as cryptocurrency markets collapsed … Read more