Bankruptcy Financial News

13.01 / 21:17

business Mining Bankruptcy Celsius' mining arm announces $1.3M sale of equipment

The mining arm of crypto lender Celsius Network has issued a notice for the sale of $1.3 million worth of mining equipment as part of its bankruptcy case.

12.01 / 08:33

business Law Bankruptcy Uphold exchange denies owing millions to failed crypto lender Cred

Crypto exchange Uphold has denied owing around $784 million to the liquidation trust of bankrupt crypto investment platform Cred.

12.01 / 05:23

business regulation Court Bankruptcy safe Customers FTX customers are safe from being doxxed, for now

The names of up to nine million FTX customers are set to remain confidential for at least three more months following the latest ruling in FTX bankruptcy proceedings.

12.01 / 01:51

business FTX Bankruptcy Miami-Dade gains right to remove FTX name from Heat arena

Miami-Dade County will soon start to remove FTX's advertising brand from the NBA’s Miami Heat arena, after granting the right from a United States bankruptcy judge in Delaware on Jan. 11, the Associated Press reports.

11.01 / 19:17

business Bankruptcy hedge fund creditors Three Arrows Capital creditors express frustration with bankruptcy process during call

Kyle Davies, the co-founder of bankrupt hedge fund Three Arrows Capital (3AC), disclosed in a Twitter thread that the first meeting of 3AC creditors was held on Jan. 11. Davies invited all creditors to join the group and announced that it would meet regularly.

10.01 / 22:55

regulation Congress Bankruptcy lawmakers US lawmakers US lawmakers call on court to approve 'independent examiner' in FTX bankruptcy case

A group of four United States senators have criticized one of the law firms involved in the bankruptcy case of crypto exchange FTX for conflicts of interest.

10.01 / 08:47

business FTX Bankruptcy LedgerX FTX units on auction block draws 117 interested buyers: Court filing

As many as 117 parties have expressed interest in buying up one or more of FTX’s independently operated subsidiaries including FTX Japan, FTX Europe, LedgerX and Embed.

10.01 / 00:01

business lending Assets Bankruptcy BlockFi plans to file assets and liabilities for bankruptcy case on Jan. 11

Crypto lending firm BlockFi has announced it will disclose information on its assets and liabilities as well as payments received prior to its bankruptcy filing in November.

09.01 / 23:03

business Binance Bankruptcy Voyager tells court Binance acquisition plan is ‘sound business judgment,’ urgently needed

Bankrupt crypto brokerage Voyager Digital filed documents in United States court Jan. 8 in response to objections raised to the Binance US proposal to buy out its debt. Voyager announced it had approved the offer Dec. 19. The Securities and Exchange Commission (SEC), four states, the U.S. Trustee and Alameda Research filed objections to it.

08.01 / 01:19

business FTX Bankruptcy FTX asset sales challenged by U.S. Trustee: Report

Bankrupt crypto exchange FTX's plans to sell its digital currency futures and clearinghouse LedgerX, among other businesses, were challenged by the U.S. Trustee on Jan. 7, according to Reuters.

07.01 / 20:05

business Donations FTX Bankruptcy Fried Sam Sam Bankman-Fried's charitable donations sought by FTX: Report

FTX's new management is seeking to recover millions of dollars in donations made by the crypto exchange and its former CEO Sam Bankman-Fried, reports the Wall Street Journal.

07.01 / 00:39

business FTX Bankruptcy FTX, Bahamian FTX DM reach agreement on info sharing, disposition of property, assets

The FTX Debtors, made up of FTX and its affiliated debtors, and FTX Digital Markets (FTX DM), the Bahamian subsidiary of FTX, announced Jan. 6 that they have reached a cooperation agreement regarding the FTX Debtors’ Chapter 11 bankruptcy case in Delaware and the provisional liquidation of FTX DM in the Bahamas.

06.01 / 21:23

Robinhood regulation FTX Bankruptcy Lawyers Sam Sam Bankman-Fried’s lawyers claim he needs Robinhood shares ‘to pay for his criminal defense’

The legal team for former FTX CEO Sam Bankman-Fried has filed a motion in an effort to stop the exchange’s debtors from controlling more than $450 million worth of shares of Robinhood.

05.01 / 02:37

Robinhood regulation FTX Bankruptcy US authorities are seizing $460M in Robinhood shares tied to FTX: Report

The United States Departure of Justice has reportedly seized or was in the process of seizing more than $400 million worth of Robinhood shares linked to FTX as part of the case against the crypto exchange.

05.01 / 01:15

business Stablecoin Bankruptcy Celsius Judge rules Celsius owns funds in Earn accounts, paving the way for stablecoin sale

Judge Martin Glenn, who is presiding over the Celsius bankruptcy case, ruled on Jan. 4 that the funds in the Celsius interest-bearing Earn program belong to Celsius under the terms of the program’s terms of use. The funds reportedly amount to more than $4 billion.

30.12 / 21:53

business Binance FTX Bankruptcy Companies and investors may need to return billions in funds paid by FTX

The collapse of FTX Group may not yet be the end of its contagious spread, as clawback provisions could force business and investors to return billions of dollars paid in the months leading up to the crypto exchange's collapse, an insolvency attorney told Cointelegraph.

30.12 / 07:35

business FTX Bankruptcy Customers Non-US FTX customers want private info redacted from bankruptcy filings

A group of non-U.S. FTX customers are pushing to have their names and private information redacted from court documents as part of the crypto exchange’s Chapter 11 bankruptcy process.

29.12 / 09:25

business fees Court Bankruptcy Lawyer Celsius wants to extend the deadline for claims as lawyer fees mount

Bankrupt crypto lender Celsius Network is planning to file a motion that would extend the deadline for users to submit their claims by another month.

28.12 / 16:55

markets Derivatives Bankruptcy Bitcoin Bears Bitcoin bears well positioned for Friday's $2.5 billion options expiry

A year-end wager for $80,000 Bitcoin (BTC) might seem entirely off the table now, but not so much back in March as BTC rallied to $48,000. Unfortunately, the two-week 25% gains that culminated with the $48,220 peak on March 28 were followed by a brutal bear market.

28.12 / 07:21

business Court Bankruptcy shares SBF borrowed $546M from Alameda to fund Robinhood share purchase

Sam Bankman-Fried, the disgraced founder of cryptocurrency exchange FTX, borrowed over $546 million from the exchange’s sister firm Alameda Research to fund his purchase of Robinhood shares.

23.12 / 22:07

business VISA FTX Bankruptcy Crypto Biz: Contagion engulfs Bitcoin miners as bear market continues

Never underestimate how quickly things can deteriorate in a sector as volatile as crypto, especially in a bear market. Prices can always go lower in the depts of crypto winter and casualties can multiply overnight. 2022 has been a year of never-ending contagion; with everyone focused on Binance, high-profile Bitcoin (BTC) miners were going bust.

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