Bankruptcy Financial News

29.09 / 23:11

Arrest Bankruptcy 3AC 3AC’s Su Zhu Apprehended in Singapore on Flee Attempt

Su Zhu the founder of bankrupt crypto hedge fund, Three Arrows Capital has been arrested in Singapore while embarking on an attempt to flee according to reports.

29.09 / 05:43

business regulation Fraud FTX Court Bankruptcy Trial Sam How long could Sam Bankman-Fried go to jail for?

FTX founder Sam Bankman-Fried, once described as the “golden boy” of crypto, is set to stare down a jury next week for his role in the collapse of his $32 billion crypto exchange.

28.09 / 09:11

business regulation Court Bankruptcy Celsius valuation Celsius valuation advisor approves value of debtors’ assets and liabilities

Joel E. Cohen, a mathematician and biologist representing Celsius Network’s valuation advisor Stout Risius Ross, LLC, confirmed the accuracy of the fair value of certain of the debtors’ assets and liabilities as of May 31, 2023.

26.09 / 23:57

business Ethereum regulation FTX Bankruptcy Bitcoin Customers Crypto lender BlockFi gets court nod to repay customers

The customers of bankrupt cryptocurrency lending platform BlockFi are one step closer to being paid out after a United States Bankruptcy Court in New Jersey approved its liquidation plan.

26.09 / 02:09

business Law regulation Court Bankruptcy reorganization Celsius creditors vote in favor of reorganization plan

The creditors involved in the Celsius bankruptcy case have voted in favor of a plan that will see funds returned to them as well as distributing equity through a new company.

25.09 / 18:25

regulation SEC coinbase Bankruptcy Celsius Restructuring Plan SEC raises concerns over Coinbase in objection to Celsius restructuring plan

The United States Securities and Exchange Commission (SEC) has filed an objection to Celsius Network’s reorganization plan based in part on the regulator’s own ongoing lawsuit with crypto exchange Coinbase.

24.09 / 04:31

Law regulation Fraud FTX Court Bankruptcy FTX's former external legal team disputes involvement in fraud allegations

A law firm that previously provided services to the now-defunct cryptocurrency exchange FTX has refuted a class-action lawsuit brought against them claiming that it assisted in the exchange's alleged fraud.

22.09 / 11:39

business regulation Investments FTX Court Bankruptcy Ftx Claims Crypto’s Lehman moment: Investors buy $250M of FTX claims — Report

The bankruptcy claims market has been growing bullish on the debts of the collapsed cryptocurrency exchange FTX as major credit investors have been rushing to buy FTX debts.

22.09 / 11:39

business FTX Bankruptcy FTX opens lawsuit against former employees of Hong Kong affiliate

Defunct cryptocurrency exchange FTX filed a lawsuit on Sept. 21 against former employees of the Hong Kong-incorporated company Salameda, which was previously affiliated with the FTX group, according to court documents.

21.09 / 10:07

business hacks Payments Mt. Gox Bankruptcy Bitcoin Mt. Gox Bitcoin repayment: The day that never comes

Mt. Gox’s infamous 2014 security breach — that lost 850,000 Bitcoin (BTC) of investors’ funds — resulted in its users embarking on a seemingly never-ending, decade-long pursuit of closure via funds reimbursement.

20.09 / 06:09

business Scams phishing Bankruptcy Celsius Phishing attacks Celsius creditors flag renewed phishing attacks ahead of bankruptcy plan

Creditors from bankrupt crypto lender Celsius Network are again being targeted in a new wave of phishing attacks as the crypto lender’s bankruptcy proceedings enters its final stages.

19.09 / 13:37

regulation lending Court Bankruptcy Bitcoin OPNX’s $30M Hodlnaut bid rejected as FLEX token plummets 90%: Report

The interim judicial managers of the collapsed cryptocurrency lender Hodlnaut have reportedly rejected the latest buyout deal amid the settlement token plummeting 90%.

18.09 / 12:21

Provident Lowe's SEC Platform Bittrex Bankruptcy Customers Bittrex Exchange Bankruptcy: Customers Leaving Money Behind – Here's the Latest

The majority of Bittrex US customers are leaving money behind by failing to claim their assets.

17.09 / 06:43

Law regulation FTX YouTube Bankruptcy stars settlement NRL and Youtube stars reach settlement in FTX class-action lawsuit: Report

NRL quarterback Trevor Lawrence and YouTube influencers Kevin Paffrath and Tom Nash have reportedly settled a lawsuit over alleged inadequate compensation disclosure in their promotions for the now-defunct cryptocurrency exchange FTX.

17.09 / 02:51

business FTX Bankruptcy security measures Portal Cyber FTX bolsters claims portal security measures following cyber breach

Bankrupt cryptocurrency exchange FTX has restored its customer claims portal, which was previously shut down due to a cyber attack. Claimants can now continue to submit asset claims they held on the exchange prior to it becoming insolvent.

14.09 / 20:51

markets Altcoin solana FTX Bankruptcy Solana traders prepare for FTX-induced sell pressure on SOL — Is it premature?

For a long time, Solana has been associated with the founder of now-insolvent crypto exchange FTX and hedge fund Alameda Research, Sam Bankman-Fried. He was an early investor in the project and invested in numerous Solana ecosystem projects during the 2020-2021 bull mania.

14.09 / 19:07

business lending Digital Currency Group Bankruptcy services Genesis announces winding down of crypto trading services

Crypto lending firm Genesis, a subsidiary of Digital Currency Group (DCG), will stop offering spot and derivatives trading for crypto assets through its British Virgin Islands unit.

14.09 / 03:59

business Law regulation Court Bankruptcy Toughen up. Mt. Gox's ex-CEO only had a ‘little calculator’ to prepare for trial

Mark Karpelès, the former CEO of the collapsed exchange Mt. Gox, seems to have little in the way of sympathy for former FTX CEO Sam Bankman-Fried, who’s been trying to get released from prison to prepare for his upcoming trial, citing poor internet.

13.09 / 19:33

regulation FTX Bankruptcy Court approves sale of FTX digital assets

The Delaware bankruptcy court has approved the sale of FTX digital assets. Judge John Dorsey made the ruling at a hearing on Sept. 13. Major changes were made to the order authorizing the sale on the previous day.

13.09 / 13:01

business Digital Currency Group Bankruptcy Gemini Earn users could recover all funds in new DCG remuneration scheme

Digital Currency Group (DCG) has proposed a new agreement plan for the creditors of the now-bankrupt Genesis Global that would also see Gemini Earn users recover nearly all of their claims.

12.09 / 14:05

business Blockchain regulation lending Bankruptcy Celsius Former Celsius CEO Mashinsky seeks dismissal of FTC case

Alex Mashinsky, founder and former CEO of now-bankrupt crypto lender Celsius, filed a new motion in court seeking the dismissal of the United States Federal Trade Commission case against him “in its entirety.”

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