Bankruptcy Financial News

29.03 / 20:29

business Paxful Earn Bankruptcy Celsius Lost Paxful to return lost Celsius funds to Earn users

Crypto marketplace Paxful will refund its Earn program users affected by the Celsius Network collapse in 2022, according to a Twitter thread posted on March 29 by company CEO Ray Youssef.

29.03 / 02:51

Bitcoin price today Liquidity Bitcoin latest price asset Bankruptcy Bitcoin Cryptoverse: Buoyant bitcoin's losing its liquidity

bitcoin has been a surprise winner of the banking blowout. Yet investors aiming to amp up their bets face an ominous obstacle: a lack of liquidity that could trigger wild price swings. The price of the No.1 cryptocurrency has jumped 40% to around $27,700 since March 10, when the failure of Silicon Valley Bank (SVB) careered into mainstream markets. On the flip side, though, its liquidity is drying up. Bitcoin's market depth indicates the asset is at its lowest level of liquidity in 10 months, even lower than in the aftermath of the FTX collapse in November, according to data provider Kaiko. The market depth for the two leading trading pairs — bitcoin-dollar and bitcoin-tether — stands at 5,600 bitcoin, the equivalent of about $155 million, Kaiko said.

28.03 / 03:55

business regulation SEC Department Of Justice us government Bankruptcy US court Voyager's $1B sale to Binance.US put on hold by US court

Voyager Digital’s $1 billion sale to Binance.US has been temporarily halted by a federal judge after a request by the United States government for an emergency stay.

28.03 / 03:55

business Law Court Bankruptcy Bitcoin BlockFi to provide over $100K in refunds to California clients

Bankrupt crypto lender BlockFi has agreed to refund more than $100,000 to California customers that had continued to repay loans even after a trading halt on Nov. 10 last year.

24.03 / 15:03

Investing Legal FTX Court Bankruptcy FTX debtors stake FTX Bankruptcy Update: FTX Debtors to Sell Mysten Labs Stake for $95 Million

The infamous crypto exchange FTX will reportedly sell its stake in Web3-focused startup Mysten Labs in an effort to pay back its customers.

24.03 / 06:19

business regulation Marketplace Court Bankruptcy hedge fund 3AC co-founder can answer subpoena or 'take his chances' — US judge

Kyle Davies, the co-founder of bankrupt crypto hedge fund Three Arrows Capital, has been ordered to answer the subpoena issued to him in January or risk being held in contempt of court.

23.03 / 23:07

regulation FTX Court Assets Bankruptcy FTX debtors stake FTX debtors agree to $95M sale of stake in Mysten Labs

The debtors for defunct crypto exchange FTX have approved an agreement that would sell its preferred stock in Mysten Labs, the company behind the Sui blockchain.

23.03 / 05:51

business regulation us government Banks Federal Reserve Interest rates Bankruptcy 'How did this happen' — Powell says Fed stumped over the collapse of SVB

United States Federal Reserve chairman Jerome Powell has conceded that his regulator was blindsided by the sudden collapse of Silicon Valley Bank (SVB), despite it being under their watch.

23.03 / 05:33

business regulation Venture Capital FTX Court Bankruptcy Fried Backed FTX seeks to claw back $460M from Bankman-Fried-backed VC firm

Bankrupt crypto exchange FTX is seeking to recover $460 million of allegedly misappropriated customer funds from venture capital (VC) firm Modulo Capital, which received a sizeable investment from Alameda Research last year.

22.03 / 01:01

Law regulation Bankruptcy Celsius Celsius custody account holders can receive 72.5% of their crypto, says bankruptcy judge

A bankruptcy judge overseeing the bankruptcy case for crypto lending platform Celsius Network has approved a settlement plan allowing custody account holders to get back 72.5% of their crypto holdings.

21.03 / 16:45

business banking Silvergate Bankruptcy U.S. Yellen defends government intervention to avoid another SVB

Nearly two weeks after the collapse of three United States banks - Silicon Valley Bank (SVB), Silvergate and Signature- Treasury Secretary Janet Yellen said the federal government is ready to take action if needed.

21.03 / 15:05

business community Bankruptcy Celsius Lawyer Celsius lawyer and advisor fees on track to reach $144M, community responds

Crypto lender Celsius Network’s lawyer and advisor fees amid its bankruptcy proceedings are projected to reach $144 million, triggering responses from members of the crypto community.

21.03 / 13:33

FTX Bankruptcy FTX Demands Protection of Assets from Liquidators of Bahamas Unit – What's Going On?

Defunct crypto exchange FTX has asked a US bankruptcy judge to protect its property from the liquidators in charge of winding down its Bahamas unit.

21.03 / 08:51

business Mining Court Bankruptcy Core Scientific to transfer $20M of equipment to settle bankruptcy dispute

A $20 million settlement between Bitcoin (BTC) miner Core Scientific and its energy negotiator Priority Power Management has been approved by the judge in Core Scientific’s bankruptcy proceedings.

20.03 / 19:35

Law regulation FTX Court Bankruptcy FTX debtors FTX debtors file lawsuit against exchange's Bahamian arm on ownership of property

The legal teams representing Alameda Research, FTX US, and FTX Trading have filed a complaint against the Bahamas-based FTX Digital Markets, claiming the company was a “fraudulent enterprise” used as a shell entity to obfuscate the question of the firm's ownership.

20.03 / 16:53

business Banks banking Silicon Valley Bankruptcy Bitcoin Bitcoin Price Rattled crypto industry could emerge stronger after USDC depeg

USD Coin (USDC), the world’s second-largest stablecoin, may simply have been in the wrong place at the wrong time.

19.03 / 09:23

regulation Report HSBC Bank of England SVB Bankruptcy SVB's UK arm issues 15M pounds in bonuses after symbolic bailout: Report

Silicon Valley Bank UK (SVB UK) has granted millions of pounds in employee bonuses, just days after it was rescued by global banking giant HSBC for just 1 pound, a recent report revealed.

18.03 / 08:43

business Adoption Central Bank banking Silicon Valley Bankruptcy More 186 US banks well-positioned for collapse, SVB analysis reveals

The perfect mix of losses, uninsured leverage and a greater loan portfolio, among other factors, resulted in the fall of Silicon Valley Bank (SVB). Comparing SVB’s situation with other players revealed that nearly 190 banks operating in the United States are at potential risk of a run.

18.03 / 00:23

business FTX Court Assets Bankruptcy Holdings Crypto Holdings FTX debtors FTX debtors report $11.6B in claims, $4.8B in assets with many crypto holdings 'undetermined'

The debtors in FTX’s bankruptcy case hreported the various company silos had more than $4 billion in scheduled assets as of November 2022, but said they were still investigating the firm's crypto holdings.

17.03 / 15:43

business regulation SVB Silicon Valley Bankruptcy Financial Breaking: SVB Financial Group files for Chapter 11 bankruptcy

Troubled SVB Financial Group has filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the United States Bankruptcy Court to preserve value.

16.03 / 00:49

business FTX Court Bankruptcy Fried Sam Sam Bankman-Fried petitions court to prioritize reimbursing his legal fees

Sam Bankman-Fried is seeking to use FTX's insurance policies to cover his legal expenses, according to a court filing on March 15.

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