Bankruptcy Financial News

23.12 / 05:53

business Bankruptcy Bitcoin BTC miner Core Scientific gets interim nod for $37.4M bankruptcy loan

A U.S. bankruptcy court has granted Bitcoin (BTC) miner Core Scientific interim approval to access a $37.5 million loan from existing creditors to fund the firm amid its liquidity issues.

23.12 / 00:33

business FTX Bankruptcy committee FTX creditor committee hires Paul Hastings LLP for bankruptcy proceedings: Report

After taking pitches from many law firms, the nine-member committee representing unsecured creditors of the disgraced crypto exchange FTX has decided on a legal adviser, the Wall Street Journal reported on Dec. 21.

22.12 / 19:33

Law regulation FTX Bankruptcy Customers Third parties could return FTX funds directly to customers: Law firm

More than one million creditors of failed crypto exchange FTX have been waiting to be made whole since before the firm’s bankruptcy filing on Nov. 11, but according to one expert, recipients of donations and contributions may have a legal means of returning the funds directly to investors and customers.

22.12 / 13:39

Mining Bankruptcy Core Scientific One of the Largest Bitcoin Mining Firms Just Filed For Bankruptcy – Here’s What it Means for the Crypto Industry

Core Scientific, one of the largest Bitcoin mining companies, has filed for bankruptcy amid plunging cryptocurrency prices and skyrocketing energy prices, becoming the latest victim of the ongoing crypto winter.

22.12 / 05:15

cryptocurrency Bankruptcy Core Scientific files for bankruptcy as crypto winter bites

Core Scientific Inc, one of the biggest publicly traded cryptocurrency mining companies in the United States, said on Wednesday it filed for Chapter 11 bankruptcy protection, the latest in a string of failures to hit the sector.

21.12 / 14:49

cryptocurrency Bankruptcy Crypto miner Core Scientific files for bankruptcy as industry contagion bites

21.12 / 12:27

Bankruptcy Crypto Mining Firm Core Scientific To File For Chapter 11 Bankruptcy: Report

Bitcoin miners have been under severe pressure as their profitability dropped.(File)

21.12 / 05:39

business Bankruptcy Celsius approved Celsius amasses 30 potential bidders for its assets, withdrawal motion approved

Bankrupt crypto lender Celsius Network has attracted 30 potential bidders over its various assets including its retail platform and mining business.

20.12 / 04:51

wallet Quadrigacx Bankruptcy Bitcoin $1.7M of Bitcoin tied to QuadrigaCX reawakens after years of dormancy

Five wallets tied to the defunct Canadian cryptocurrency exchange QuadrigaCX, previously thought to be inaccessible, have just been spotted moving around $1.7 million worth of Bitcoin after years of dormancy.

18.12 / 00:53

regulation FTX Bankruptcy Fried Sam Extradition Sam Bankman-Fried seeks to reverse decision on contesting extradition: Report

Sam Bankaman-Fried, former FTX CEO, has reportedly reconsidered his earlier decision to contest extradition and is expected to appear in court in the Bahamas on Dec. 19 to seek a reversal, Reuters reported on Dec. 17 citing a person familiar with the matter.

16.12 / 20:45

Law regulation Caribbean Bankruptcy Cooperation FTX liquidators’ legal team urges cooperation with Bahamian authorities amid favoritism allegations

A lawyer representing provisional liquidators overseeing FTX’s operations in the Bahamas has pushed back against allegations officials in the country were using the collapse of the crypto exchange to benefit its residents first.

16.12 / 04:13

business Bankruptcy Bitcoin surges Bitcoin Miner Stock price for troubled Bitcoin miner Core Scientific surges 200%

Bitcoin (BTC) miner Core Scientific’s stock has soared nearly 200% in the past four days, following the positive reception for a Dec. 14 financing proposal from a current creditor who is hoping the firm can avoid bankruptcy.

16.12 / 00:43

business Law FTX Bankruptcy play SBF's legal battle still has "a lot to play out," according to legal commentators

Sam Bankman-Fried, former FTX CEO, faces eight accusations and could get 115 years in jail, but there is a "lot to play out" until he gets a final sentence over the coming months or even years, legal commentators told Cointelegraph.

15.12 / 22:01

Law regulation Bankruptcy committee US Trustee names Wintermute on creditor committee in FTX bankruptcy case

A United States Trustee has announced nine creditors to the committee responsible for part of crypto exchange FTX’s bankruptcy proceedings.

15.12 / 09:17

business Mining Bankruptcy Bitcoin Bitcoin Miner Creditor offers Bitcoin miner Core Scientific $72M to avoid bankruptcy

Financial services platform B. Riley has offered Bitcoin (BTC) miner Core Scientific $72 million in financing to avoid bankruptcy and preserve value for Core Scientific stakeholders.

15.12 / 06:51

business data Bankruptcy Terra Usd Bitcoin Realized losses from FTX collapse peaked at $9B, far below earlier crises

Blockchain analytics firm Chainalysis has attempted to put the FTX collapse into perspective — comparing peak weekly-realized losses in the wake of the exchange’s collapse compared to previous major crypto collapses in 2022.

13.12 / 14:57

regulation Congress Bankruptcy SBF planned to blame everyone but himself, shows leaked Congress testimony

Former FTX CEO Sam Bankman-Fried, also known as SBF, was arrested on Dec 12, a day before he was set to testify before Congress remotely. A copy of his testimony, obtained by Forbes, highlights that the disgraced CEO planned to blame the spectral downfall of his $32 billion empire on everyone but himself.

13.12 / 01:31

regulation FTX Congress Bankruptcy FTX was an 'utter failure of corporate controls at every level of an organization', says CEO

John Ray, who took over as CEO of crypto exchange FTX amid bankruptcy proceedings, has written detailed testimony in preparation for his appearance before the United States House Financial Services Committee.

12.12 / 23:47

business Mining Bankruptcy reports Argo Blockchain reports insufficient funds, 'no assurance' it can avoid Chapter 11 bankruptcy

Crypto mining firm Argo Blockchain has reported it had been negotiating to sell assets and “engage in an equipment financing transaction” in an effort to avoid filing for bankruptcy.

12.12 / 10:03

BitMEX Bankruptcy Bitcoin gone Arthur Hayes: Bitcoin bottomed as 'everyone who could go bankrupt has gone bankrupt'

Arthur Hayes, the former CEO of crypto derivatives platform BitMEX, thinks the worst might be over for Bitcoin (BTC) this cycle as the "largest most irresponsible entities" have run out of BTC to sell.

11.12 / 20:03

business Law SEC Bankruptcy SEC crypto Former top SEC crypto regulator hired by Caroline Ellison

A former top crypto regulator in the United States Securities and Exchange Commission (SEC) will represent Caroline Ellison, ex-Alameda Research CEO, in an ongoing federal probe, according to a report from Bloomberg on Dec. 10.

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