Close Menu
Cryprovideos
    What's Hot

    Crypto Rally Or Crash? Powell Simply Made July The Market’s Make-Or-Break

    June 25, 2025

    Shibarium Block Time Skyrockets 62%, Is This Good Factor?

    June 25, 2025

    Analyst Says $170,000 Bitcoin Is Nearer Than You Suppose, BTC Approaching ‘Steep Half’ of Cycle – The Day by day Hodl

    June 25, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Bankrupt FTX targets Crypto.com in $11 million lawsuit amid restoration effort
    Bankrupt FTX targets Crypto.com in  million lawsuit amid restoration effort
    Crypto News

    Bankrupt FTX targets Crypto.com in $11 million lawsuit amid restoration effort

    By Oluwapelumi AdejumoNovember 8, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Receive, Manage & Grow Your Crypto Investments With BrightyReceive, Manage & Grow Your Crypto Investments With Brighty

    Bankrupt FTX has filed a lawsuit to get better not less than $11 million held in a Crypto.com account linked to its sister firm, Alameda Analysis, in response to a Nov. 8 submitting.

    FTX alleges that earlier than submitting for chapter, Alameda held an account at Crypto.com registered below the title Ka Yu Tin, also referred to as Nicole Tin.

    In keeping with the agency, this follow was typical for Alameda, which frequently opened accounts below shell corporations or workers’ names to masks its buying and selling actions. Nonetheless, FTX claims Alameda funded and managed the account in query.

    After Alameda declared chapter, Crypto.com reportedly locked the account and denied FTX directors’ requests to entry the funds regardless of repeated makes an attempt.

    FTX additional claims that Crypto.com’s refusal relies on a mismatch between the account holder’s names and people searching for to get better the funds. The defunct agency asserts that it has clarified the complexities of the case to Crypto.com and has supplied court-approved documentation, but Crypto.com reportedly stays unresponsive.

    To strengthen its case, FTX submitted an affidavit from Caroline Ellison, former CEO of Alameda Analysis, who said that the Crypto.com accounts have been certainly below Alameda associates or related people. Ellison affirmed that Alameda had at all times thought of the belongings inside these accounts belonging to the agency.

    FTX concluded:

    “The belongings within the Alameda Account, valued at roughly $11.4 million as of the Petition Date, will not be of inconsequential worth or profit to the property and should be returned to the Debtors.”

    FTX holds Crypto.com’s belongings

    FTX directors are actually making an attempt to leverage claims from corporations affiliated with Crypto.com’s father or mother entities, Foris MT and Iron Block. These corporations have filed claims in opposition to the failed trade for $18.4 million and $237,800, which have been held in FTX.com accounts earlier than the trade’s collapse.

    Contemplating this, FTX requests that Crypto.com’s claims be deferred till the trade releases the Alameda belongings in its possession. The bankrupt trade can be searching for restoration of the belongings, authorized prices, and extra aid.

    Talked about on this article



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Crypto Rally Or Crash? Powell Simply Made July The Market’s Make-Or-Break

    June 25, 2025

    Shibarium Block Time Skyrockets 62%, Is This Good Factor?

    June 25, 2025

    Hong Kong Mortgage Company Unveils 2024 Annual Report

    June 25, 2025

    Crypto Shares Soar as Iran-Israel Ceasefire Seems to Maintain – New Crypto to Purchase

    June 25, 2025
    Latest Posts

    Analyst Says $170,000 Bitcoin Is Nearer Than You Suppose, BTC Approaching ‘Steep Half’ of Cycle – The Day by day Hodl

    June 25, 2025

    US Legislators Think about Tax Exemption Measures To Ease Bitcoin For On a regular basis Use | UseTheBitcoin

    June 25, 2025

    UK’s Smarter Internet Firm Provides 196 Bitcoin Amid Surge

    June 25, 2025

    AIXA Miner: One-click mining of BTC/ETH makes mining simpler, with secure passive earnings of tens of hundreds of {dollars} per thirty days

    June 25, 2025

    Bitcoin Sentiment Turns Grasping Once more—Time To Be Cautious?

    June 25, 2025

    Bitcoin ETFs log largest June inflows at $588M, lengthen 11-day streak

    June 25, 2025

    Bitcoin Dominates Portfolios as Institutional Adoption Surges

    June 25, 2025

    Bitcoin Worth Crash Beneath $100,000: Pundit Reveals Subsequent Space Of Motion To Begin Shopping for

    June 25, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Political Vainness Addresses Gasoline $90M Nobitex Crypto Hack

    June 19, 2025

    XRP Whale Alert: $51,849,820 XRP Withdrawn From Main Crypto Change

    February 23, 2025

    Is It Too Late to Purchase AQT? Alpha Quark Token Value Skyrockets 190% And This May Be the Subsequent Crypto to Explode

    January 10, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.