Bankruptcy & Restructuring News Headlines for Monday Dec 12, 2022

Here's what we are reading this morning:

Exclusive: SBF secretly funded crypto news site The Block and its CEO's Bahamas apartment: The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled to The Block's CEO from the disgraced Sam Bankman-Fried's cryptocurrency trading firm, sources told Axios.

FTX founder Sam Bankman-Fried agrees to testify before House: FTX founder Sam Bankman-Fried agreed to testify before the House in a series of Tweets that also pinned some blame on Binance founder Changpeng Zhao.

Caroline Ellison Hires SEC’s Former Top Crypto Cop for FTX probe - Bloomberg: Ex-Alameda Research CEO Caroline Ellison has hired a former SEC official who oversaw many of the regulator’s biggest crypto cases as her lawyer in the federal probe into cryptocurrency exchange FTX’s calamitous collapse.

US Probes FTX Founder for Fraud, Examines Cash Flows to Bahamas - Bloomberg: US prosecutors, laying the groundwork for a potential fraud case against Sam Bankman-Fried and others involved in the collapse of cryptocurrency giant FTX, are scrutinizing how funds held by the exchange operator moved outside the US as it was hurtling toward bankruptcy, according to a person familiar with the matter.

Binance Is Trying to Calm Investors, but Its Finances Remain a Mystery - WSJ: The crypto exchange has begun releasing data to shore up investor confidence following the collapse of FTX.

Clovis Oncology Files for Bankruptcy, Citing Dwindling Liquidity: Clovis Oncology Inc. filed for bankruptcy Dec. 11 after the company warned it was close to running out of cash.

Binance Is Trying to Calm Investors, but Its Finances Remain a Mystery - WSJ: Binance recently made a commitment to transparency, but it has a long way to go before it discloses enough meaningful information to give investors confidence in its future, accounting and financial specialists say.

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