Bankrupt crypto Financial News

19.01 / 21:59

UPS Bankrupt crypto FTX’s new boss mulls reviving bankrupt crypto exchange

FTX’s new chief executive, John J. Ray III, said he’s looking into the possibility of reviving the bankrupt crypto exchange as he works to return money to the failed company’s customers and creditors.

20.12 / 17:07

UPS Binance Forbes Voyager Bankrupt crypto Binance.US Announces $1 Billion Acquisition of Bankrupt Crypto Company Voyager Assets – This is What You Need to Know

Binance.US, the American franchise of the global crypto exchange Binance, will buy up remaining assets from the now-bankrupt crypto lender Voyager Digital as part of a newly announced and surprising deal.

08.12 / 17:17

MARKET Legal Bankrupt crypto Customers Judge Orders Bankrupt Crypto Lender Celsius to Return $50 Million to Customers – Here’s What Happened

A US judge in the Celsius Networks bankruptcy case ordered the lender to return crypto worth $50 million to users of custody accounts (only), Bloomberg reported.

29.11 / 16:03

Robinhood Legal FTX BlockFi Bankrupt crypto Fried Sam Bankrupt Crypto Firm BlockFi Sues FTX Founder Sam Bankman-Fried For $580 Million

Bankrupt crypto lender BlockFi is suing FTX's founder Sam Bankman-Fried to seize shares in the US trading platform Robinhood, allegedly pledged as collateral by the former FTX CEO just days before the exchange notoriously imploded.

20.11 / 11:03

business regulation Fraud Bankruptcy Bankrupt crypto Bankrupt crypto exchange FTX begins strategic review of global assets

As part of the recent bankruptcy filing, the defunct crypto exchange FTX, along with 101 of the 130 affiliated companies, announced the launch of a strategic review of their global assets. The review is an attempt to maximize recoverable value for stakeholders.

19.11 / 07:23

FTX Bankrupt crypto Bankrupt Crypto Exchange FTX Fires Three Off Its Top Executives: Report

FTX fires three of its top executives: Report

18.10 / 14:07

Provident Extreme Bitcoin Bankrupt crypto 3AC, the bankrupt crypto hedge fund sees a new twist in the case as…

According to a Bloomberg report, two United States regulators, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are now investigating the bankrupt Singapore-based cryptocurrency hedge fund Three Arrows Capital (3AC) for misleading investors about its balance sheet and not registering with the two agencies.

17.10 / 19:59

UPS CEO Kirklands Bankrupt crypto Bankrupt Crypto Lender Celsius Pays More Than $3 Million in Legal Fees

The bankrupt crypto lender Celsius (CEL) has so far paid out more than $3m in legal fees, with one law firm alone responsible for the vast majority of the expense for just two weeks of work.

27.09 / 15:25

Digital Platform Bitcoin Bankrupt crypto Fried Sam Bankrupt crypto lender Voyager to sell assets to Sam Bankman-Fried's FTX for $1.4 billion

Customers of beleaguered cryptocurrency lender Voyager Digital may find some solace in the news that FTX, the bitcoin exchange founded by billionaire Sam Bankman-Fried, is set to take on the company's assets after winning a bankruptcy auction.

27.09 / 10:43

Digital Bankrupt crypto FTX wins auction to acquire bankrupt crypto firm Voyager with $1.42bn bid

FTX has won an auction to acquire bankrupt cryptocurrency lender Voyager Digital with a bid valued at $1.42bn.

26.09 / 10:09

cryptocurrency exit Bankrupt crypto Bankrupt Crypto Lender Voyager's CFO To Exit Months After Appointment

Crypto lenders such as Voyager boomed during the COVID-19 pandemic.

25.09 / 11:11

Digital BlockFi exit Bankrupt crypto Bankrupt crypto lender Voyager's CFO to exit months after appointment

Voyager Digital Ltd Chief Financial Officer Ashwin Prithipaul is preparing to step down from his role within months of his appointment at the crypto lender that filed for bankruptcy in July. The company said on Friday the finance head would resign after a «transition period» to pursue other opportunities, and that Chief Executive Officer Stephen Ehrlich will head the role in the interim. Crypto lenders such as Voyager boomed during the COVID-19 pandemic, drawing depositors with high interest rates and easy access to loans rarely offered by traditional banks. But inflation and subsequent rate hikes by the U.S. Federal Reserve led to a wide sell-off in the alternative asset class that dealt a heavy blow to several companies in the sector.

21.09 / 10:25

Binance Digital Bankrupt crypto FTX and Binance lead bids for bankrupt crypto lender Voyager

Crypto exchanges FTX and Binance have made the leading bids for the assets of bankrupt crypto lender Voyager Digital, according to people familiar with the matter, but neither bid has been accepted yet.

07.09 / 21:59

CEO Bankrupt crypto Regulator says bankrupt crypto lender Celsius misled investors

The Vermont watchdog says that Celsius kept its "massive losses" in the first half of last year from investors, despite laws requiring it to disclose financial statements.The filing cites blogs and tweets from Celsius CEO Alex Mashinsky, including one insisting that "all funds are safe" when in fact, says the filing, "the company was insolvent and depositor funds were not safe".The document also notes a recent creditor meeting in which the company admitted it had never earned enough revenue to support the yields being paid to investors. "This shows a high level of financial mismanagement and also suggests that at least at some points in time, yields to existing investors were probably being paid with the assets of new investors," says the filing.

24.08 / 15:41

cryptocurrency crypto news Southern Bankrupt crypto Bankrupt Crypto lender Celsius Sues Former Manager Over Alleged Theft

Celsius crypto lender, now bankrupt, sues ex-money manager over alleged theft

17.08 / 15:23

CEO Bankrupt crypto financing Bankrupt crypto lender Celsius seeks financing amid cash crisis

Bankrupt crypto firm Celsius Network will run out of cash by October, and is looking for financing, including a so-called debtor-in-possession loan, Joshua Sussberg, the firm's lawyer said at a court hearing on 16 August.

14.08 / 07:07

cryptocurrency crypto news cryptos Bankrupt crypto Ripple Labs Ripple Labs Interested In Bankrupt Crypto Lender Celsius' Assets

Ripple Labs interested in bankrupt crypto lender Celsius' assets

11.08 / 15:05

Ethereum Ripple Tether Bitcoin Bankrupt crypto Ripple casts eye over bankrupt crypto lender Celsius

The firm, which was valued at $3.25 billion on a $750 million Series B financing round in November, allowed its 1.7 million users to deposit their bitcoin, ethereum and tether and receive weekly interest payments.According to Reuters, Ripple attorneys submitted filings last week with the bankruptcy court asking to be represented in the proceedings.A Ripple spokesperson told the newswire: “We are interested in learning about Celsius and its assets, and whether any could be relevant to our business." He offered no comment on whether the company wanted to acquire Celsius.

29.07 / 11:43

Digital Bankrupt crypto Bankrupt Crypto Brokerage Voyager Ordered to Cease False Promises About U.S. Banking Insurance

WASHINGTON—U.S. regulators issued a joint letter ordering bankrupt cryptocurrency broker and lender Voyager Digital Ltd. to cease and desist from marketing itself as insured by the Federal Deposit Insurance Corp., saying statements on its website and elsewhere were false and misleading.

14.06 / 05:39

Ripple XRP SEC Bitcoin Bankrupt crypto Ripple counsel slams SEC for trying to bulldoze and bankrupt crypto

Ripple general counsel Stu Alderoty has slammed the United States Securities and Exchange Commission (SEC) for trying to “bully, bulldoze, and bankrupt” crypto innovation in the U.S. in the name of expanding its own regulatory territory.

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