Bankruptcy Financial News

05.10 / 04:27

NFT Bankruptcy hedge fund Three Arrows Capital fund moves over 300 NFTs to a new address

Starry Night Capital, a nonfungible-token (NFT)-focused fund launched by the co-founders of the now-bankrupt hedge fund Three Arrows Capital (3AC), has moved over 300 NFTs out of its address, according to reports.

03.10 / 08:15

business Bankruptcy Fried Sam Sam Bankman-Fried sheds light on how FTX would approach a Celsius bid

FTX founder and CEO Sam Bankman-Fried have shared details on how his firm would approach a buy-up of Celsius’ tassets.

03.10 / 05:43

business regulation Bankruptcy Withdrawals DOJ objects to Celsius plans to reopen withdrawals and sell stablecoins

The Department of Justice (DOJ) has submitted an objection to Celsius’ motion to reopen withdrawals for select customers and sell its stablecoin holdings.

03.10 / 05:15

business Court Taxes Bankruptcy Ft Celsius founder reportedly withdrew $10M before bankruptcy filing: FT

Celsius Network founder and former CEO Alex Mashinsky allegedly withdrew $10 million from the crypto lending platform just weeks before the company froze customer funds and declared bankruptcy.

30.09 / 21:01

business Pantera Capital Bankruptcy Crypto Biz: The Voyager Digital auction is over. What now?

Voyager Digital filed for Chapter 11 bankruptcy in July after its exposure to the toxic Three Arrows Capital led to its ultimate downfall. This week, rumblings of a Voyager Digital auction surfaced, with Cointelegraph breaking the story on the afternoon of Sept. 26 after a reputable source confirmed the parties involved. A few hours later, a winner was announced — crypto exchange FTX US. But, not everyone is convinced that Voyager’s depositors will be taken care of.

28.09 / 23:35

business exchanges Auction Bankruptcy NOT Financial Voyager's auction did not serve depositors' best interests, alleges Wave Financial rep

The assets of crypto brokerage firm Voyager Digital would face a drastically different fate if FTX did not win the bid, claimed a spokesperson of Wave Financial while speaking to Cointelegraph. The spokesperson arguin that better bids were on the table, but they "were passed over for strictly cash offers."

27.09 / 07:11

business exchanges Auction Bankruptcy FTX US wins auction for Voyager Digital’s assets

Cryptocurrency exchange FTX US has secured the winning bid for the assets of crypto brokerage firm Voyager Digital with a bid valued at approximately $1.4 billion according to Voyager.

23.09 / 08:47

business Bankruptcy Bitcoin BTC Mining BTC mining firm Compute North files for bankruptcy

Bitcoin (BTC) mining hosting firm Compute North has filed for chapter 11 bankruptcy, amid growing pressure on the firm due to the effects of crypto winter and rising energy costs. The firm’s CEO Dave Perrill has also stepped down but will remain on the board.

15.09 / 09:29

business regulation Bankruptcy Celsius bankruptcy Celsius bankruptcy judge gives the nod for independent examiner probe

A federal judge overseeing crypto lender Celsius’ bankruptcy case has given the green light for the motion to appoint an independent examiner to investigate aspects of Celsius’ business.

02.09 / 14:23

markets lending Bankruptcy network CEL CEL climbs 50% as Celsius Network aims to return $50M to clients

The price of CEL soared by nearly 50% as traders assessed its parent firm Celsius Network's inclination to return a portion of the locked funds to its customers.

02.09 / 06:01

business regulation Banks Bankruptcy Withdrawals Customers Celsius files to reopen withdrawals for a minority of customers

Beleaguered crypto lender Celsius Network has filed a motion with the United States Bankruptcy Court yesterday to allow customers with digital assets held in certain accounts to be withdrawn.

26.08 / 22:44

business Provident Arrow Bankruptcy 3AC’s Zhu was in Bangkok, disputed liquidator’s court filing in Singapore: Report

According to a document seen by Bloomberg, Zhu delivered the affidavit in person on Aug. 19. In it, Zhu states that Teneo “had not provided an entirely complete or accurate version of events” to the Singapore court, which granted Teneo’s request for access to 3AC records in Singapore on Aug. 22.

25.08 / 12:53

business regulation Court Bankruptcy US court US court gives Voyager green light to pay bonuses to key employees

A New York bankruptcy court has given embattled cryptocurrency brokerage Voyager Digital the green light to pay retention bonuses to key staff members.

24.08 / 23:41

business Loans Bankruptcy Singapore authorities approve probe of 3AC on behalf of liquidators: Report

The Singapore High Court on Monday approved a petition to recognize the liquidation order against Three Arrows Capital (3AC) issued by a court in the British Virgin Islands, Bloomberg reported Wednesday, citing unnamed sources. The Singapore court’s decision, handed down in private, gives the petitioner the legal ability to request access to 3AC financial records kept in Singapore, where 3AC is based.

24.08 / 01:25

defi lending Bankruptcy Celsius countersues KeyFi, claims deceit and incompetence led to tens of millions in losses

Bankrupt crypto lending company Celsius countersued decentralized finance (DeFi) protocol KeyFi and its CEO Jason Stone on Tuesday in the United States Bankruptcy Court claiming Stone misrepresented himself as an expert in DeFi, and that Stone and KeyFi hadlost Celsius coins through incompetence and deceit. The suit came several weeks after KeyFi sued Celsius for allegedly failing to honor a profit-sharing agreement.

23.08 / 23:07

Law regulation lending Bankruptcy Celsius calls out Prime Trust in court, alleging firm didn't turn over $17M in crypto

Crypto lending platform Celsius Network has filed a lawsuit claiming that custodian Prime Trust failed to turn over roughly $17 million worth of cryptocurrency.

22.08 / 17:11

Blockchain regulation Bankruptcy creditors Voyager creditors oppose $1.9M employee retention proposal

Voyager Digital Holdings’ committee of unsecured creditors has filed a motion to object to the firm's proposal to keep its employees by paying them monetary awards for staying in the company.

19.08 / 09:25

business regulation lending Bankruptcy US Trustee motions for examiner to probe Celsius’ ‘significant transparency issues’

The United States Trustee handling Celsius’ bankruptcy proceedings has called for an independent examiner to be brought in to “untangle” the embattled network’s financial affairs and business operations.

16.08 / 22:53

business Trading Bankruptcy Celsius CEO personally directed crypto trades months before bankruptcy: Report

Celsius CEO Alex Mashinsky reportedly “took control” of trading strategy at the crypto lending firm amid January rumors the United States Federal Reserve planned to hike interest rates.

16.08 / 13:13

business Court Cash Bankruptcy Court filings reveal Celsius will run out of money by October

Embattled crypto lender Celsius Network is on track to run out of money by October, according to the firm’s latest Chapter 11 documents.

15.08 / 17:05

defi Bankruptcy Bitcoin network Celsius Network coin report shows a balance gap of $2.85 billion

A new bankruptcy coin report filed on Aug. 14 shows that troubled crypto lender Celsius’ actual debt stands at $2.85 billion against their bankruptcy filing claims of a $1.2 billion deficit.

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