Bankruptcy Financial News

04.02 / 23:25

business defi lending Digital Currency Group Bankruptcy creditors committee Genesis unsecured creditors' committee appointed

A seven-member committee has been appointed to represent the interests of unsecured creditors in Genesis Global bankruptcy case, according to court filings on Feb. 4.

04.02 / 20:29

business FTX Bankruptcy FTX-tied townhouse in Washington DC unlisted: Report

A property linked to Sam Bankman-Fried's political spending was pulled off the market by the seller as a sign of "good faith" after being linked to FTX customer funds, the Wall Street Journal reported.

04.02 / 01:31

business Bankruptcy Fried Sam Sam Bankman-Fried's holding company files for bankruptcy

Emergent Fidelity Technologies, a Sam Bankman-Fried holding company based in Antigua and Barbuda, has filed for bankruptcy protection.

03.02 / 15:35

business Mining regulation ASIC Bankruptcy Core Scientific to hand over 27K rigs to pay $38M debt

Crypto mining firm Core Scientific made a deal with the New York Digital Investment Group (NYDIG) to pay off an outstanding debt of $38.6 million by handing over more than 27,000 mining machines used as collateral.

02.02 / 23:41

business Bitfinex FTX Bankruptcy Alameda Research wallet receives $13M from Bitfinex, other sources

Nearly $13 million has been moved into the consolidation wallet of bankrupt crypto trading firm Alameda Research in just 24 hours, revealed data from blockchain security firm PeckShield on Feb. 2.

02.02 / 09:30

business regulation Loans Bankruptcy Voyager victim calls for trustee to seize control of the estate

A Voyager creditor and finance lawyer wants to see a chapter 11 trustee appointed in crypto brokerage Voyager Digital’s bankruptcy trial, which would see Voyager lose control of its estate.

01.02 / 11:13

business fees Bankruptcy Celsius Bitcoin Celsius publishes list of users eligible to withdraw majority of assets

Bankrupt cryptocurrency lending firm Celsius had come up with a withdrawal process for users who had their crypto in its custody when it stopped withdrawals in June 2022.

01.02 / 08:45

business Bankruptcy Celsius 'Categorically false' — Attorney denies bids for Celsius assets were rejected

The counsel representing Celsius’ official creditor committee has denied assertions that the bids for Celsius’ crypto assets have been rejected.

01.02 / 01:51

business Bankruptcy Court permits Core Scientific to borrow $70M to replace existing loan

Core Scientific has received permission from the bankruptcy court for the Southern District of Texas to take out a loan of up to $70 million from investment bank B. Riley, one of the company’s biggest creditors. The loan would be used to pay off the bankrupt Bitcoin miner’s existing debtor-in-possession (DIP) financing loan, which also came from B. Riley.

31.01 / 23:27

business lending Bankruptcy Customer Examiner finds customer deception, ‘very Ponzi-like’ use of funds at Celsius

Court-appointed examiner Shoba Pillay submitted her final report on select aspects of operations at bankrupt cryptocurrency Celsius on Jan. 31. The document was commissioned on Sept. 29 and is 470 pages long, not counting the 31 appendices.

31.01 / 09:21

business Mining Court Bankruptcy Bitcoin BlockFi gets court nod to sell crypto mining assets

Bankrupt crypto lender BlockFi has been granted court approval to sell off its crypto mining equipment as part of ongoing efforts to repay its creditors.

31.01 / 07:13

business Law FTX Loans Bankruptcy FTX sister company Alameda Research sues Voyager Digital for $446M

Embattled crypto investment firm Alameda Research is suing bankrupt crypto lender Voyager Digital in an effort to claw back loan repayments FTX made before it collapsed in November.

28.01 / 20:13

business FTX Bankruptcy Fried Sam Sam Bankman-Fried seeks to access FTX funds

Sam Bankman-Fried's legal team is seeking to remove a bail condition that prevented him from accessing FTX's funds, according to court filings from Jan. 28.

27.01 / 22:45

business Funding Venture Capital Bankruptcy Celsius NOT Crypto Biz: A peek into BlockFi’s secret financials (it’s not pretty)

Crypto lender BlockFi has had a highly tumultuous 12 months. After getting caught up in the Terra fiasco, which resulted in one of the most prolific asset death spirals of all time, the company managed to avoid bankruptcy after receiving a $400 million lifeline in July 2022. The problem? Its lender was FTX US, and we all know what happened next.

27.01 / 07:35

business Binance Court Bankruptcy Celsius Leaked bids: Binance, Galaxy Digital among secret bidders for Celsius assets

At least five firms placed bids on Celsius Network’s crypto assets, including Binance, Bank To The Future and Galaxy Digital, according to leaked information shared by crypto blogger Tiffany Fong.

27.01 / 04:57

CFTC regulation FTX legislation Bankruptcy CFTC's Johnson urges Congress for expanded powers in crypto oversight

Commodity Futures Trading Commission (CFTC) Commissioner Kristin Johnson has urged Congress to adopt legislation that "closes the current gap in the oversight of crypto spot markets."

27.01 / 01:09

business Law regulation Digital Asset Bankruptcy Standard ISDA releases standard definitions for digital asset derivatives

The International Swaps and Derivatives Association (ISDA) is working on two papers to address fundamental legal risks in the crypto markets, such as the insolvency of crypto exchange firms, according to a statement released on Jan. 26.

26.01 / 09:27

business regulation FTX Court Bankruptcy Celsius Lawyers FTX lawyers: Examiner could cost $100M and ‘provide no benefit’

An investigation into FTX’s collapse by an examiner could cost the firm upwards of $100 million without providing any benefit to creditors or equity holders, argues lawyers representing the bankrupt crypto exchange.

26.01 / 07:49

business FTX Court Bankruptcy Sky Mavis Charities FTX creditor list shows airlines, charities and tech firms caught in collapse

A complete list of the creditors owed money by the bankrupt cryptocurrency exchange FTX has been released, revealing a myriad of companies and government entities wrapped up in its collapse.

25.01 / 22:11

Law regulation Bankruptcy Celsius Judge denies motions from Celsius users seeking to reclaim assets

A judge overseeing bankruptcy proceedings for crypto lending firm Celsius Network has denied motions from three users with different claims on assets stuck since July.

25.01 / 09:57

business FTX Bankruptcy Crypto exchange Digital Surge emerges as a rare survivor of FTX fallout

Australian cryptocurrency exchange Digital Surge appears to have narrowly avoided collapse, despite having millions of dollars in digital assets tied up in the now-bankrupt FTX crypto exchange.

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