Bankruptcy Financial News

11.09 / 17:48

regulation FTX Digital Asset Bankruptcy FTX has $222M in Bahamas real estate, 1,300 tokens: shareholder presentation

FTX has released its presentation materials for the shareholder meeting taking place Sept. 11-12. The unrestricted portion provides a clear overview of the company’s current state and its slow march toward settlement.

11.09 / 03:01

business Sport FTX Court Bankruptcy FTX seeks to reverse payments made to Shaq, Naomi Osaka and Miami Heat

Bankrupt crypto exchange FTX is probing if it can reclaim the millions of dollars paid to celebrity athletes and sports teams that promoted the exchange before it filed for bankruptcy last November.

10.09 / 19:31

business Law FTX Bankruptcy FTX sues LayerZero Labs, seeks to recover over $21M moved prior to bankruptcy

Bankrupt crypto exchange FTX has filed a lawsuit against cross-chain protocol LayerZero Labs, seeking to recover $21 million in funds that were allegedly illegally withdrawn prior to FTX's shutdown in November 2022, according to court documents filed on September 9.

07.09 / 08:37

Digital CEO Platform Bankruptcy Bitcoin Holdings Failed Crypto Lender Celsius Attempts to Recoup Assets From EquitiesFirst Holdings

Beleaguered crypto lending firm Celsius Network, that went bankrupt in July 2022, has filed an “adversary complaint” against private lending platform EquitiesFirst, in an attempt to recover assets.

07.09 / 02:17

business regulation Court Bankruptcy Celsius network Celsius Network files 'adversary complaint' against EquitiesFirst

Bankrupt crypto lender Celsius Network has filed a complaint against lending firm EquitiesFirst Holdings in a bid to recoup assets.

06.09 / 21:27

business Digital Currency Group Bankruptcy Genesis sues parent company DCG, other affiliate for $600M in overdue loans

Bankrupt cryptocurrency lender Genesis Global Capital (GGC) filed two suits on Sept. 6 seeking the repayment of overdue loans from affiliated companies. The loans are worth over $600 million in total.

05.09 / 21:47

business Digital Currency Group Bankruptcy spot trading US-based Genesis Global Trading will eliminate its crypto spot trading service

Genesis Global Trading (GGT) will close down its cryptocurrency spot trading service on Sept. 18, according to press reports. GGT is affiliated with the Digital Currency Group (DCG), but it was not affected when the parent company’s crypto lender, Genesis Global Capital, declared bankruptcy in January.

05.09 / 20:25

fees Bankruptcy New York Times Lawyers Lawyers Have Raked In At Least $700 Million From Major Crypto Implosions: New York Times Report

Lawyers, accountants, and consultants make up professionals who have raked in over $700 million in fees following the collapse of several digital asset firms last year.

04.09 / 01:35

Ethereum regulation Altcoin FTX Bankruptcy FTX wallet shifts $10M in crypto, sparking fear of token dumps to come

A wallet owned by bankrupt crypto exchange FTX has moved $10 million worth of digital assets from the Solana (SOL) network to Ethereum, sparking concerns it could be the beginning of a series of token dumps amid the exchange’s bankruptcy proceedings.

03.09 / 03:03

Robinhood regulation FTX Court Bankruptcy shares FTX court filing reveals former Alameda CEO's $2.5M yacht purchase

FTX Debtors have disclosed a series of financial statements revealing transactions that benefited company executives shortly before the major cryptocurrency exchange’s collapse in November 2022.

01.09 / 14:59

business Robinhood FTX Bankruptcy Fried Sam stake Robinhood bought back Sam Bankman-Fried's stake from US govt for $606M

Cryptocurrency and stock trading platform Robinhood has announced the purchase of more than 55 million shares of the firm previously held by former FTX CEO Sam Bankman-Fried, also known as SBF.

30.08 / 14:05

Law regulation Court Digital Currency Group Bankruptcy Bitcoin Genesis lenders call DCG agreement ‘wholly insufficient’

The lenders of the bankrupt cryptocurrency lender Genesis are not satisfied with the latest in-principle settlement agreement with other parties including the Digital Currency Group (DCG).

29.08 / 09:15

regulation Court Digital Currency Group Bankruptcy Bitcoin creditors DCG reaches ‘agreement in principle’ with Genesis creditors, debtors

Digital Currency Group (DCG), a major venture capital firm in the cryptocurrency industry, has reached an agreement in principle with creditors of its crypto lending subsidiary, Genesis.

24.08 / 20:55

business Stablecoin Investments Bankruptcy Terra Lost Prime Trust parent company lost $8M investing in TerraUSD

The parent company of crypto custodian Prime Trust, currently involved in Chapter 11 bankruptcy proceedings, has reported losing roughly $8 million in client and treasury funds through TerraUSD investments.

23.08 / 02:17

business Adoption regulation Investments lending Loans Bankruptcy BlockFi argues FTX, Three Arrows Capital isn't entitled to repayments

Bankrupt cryptocurrency lender BlockFi is trying to block attempts by the similarly bankrupt FTX and Three Arrows Capital (3AC) that aim to retrieve hundreds of millions of dollars to pay back their creditors.

19.08 / 00:39

Yuan Bankruptcy BTC price Bitcoin Pro: Evergrande Group chapter 15 'indirectly influenced Bitcoin sentiment'

In a surprising turn of events, the recent developments surrounding the Evergrande Group's Chapter 15 filing have reverberated beyond traditional finance, indirectly influencing the sentiment around Bitcoin (BTC) and the cryptocurrency market.

18.08 / 12:51

Blockchain Technology Adoption defi Tech Bankruptcy What is Chapter 11 bankruptcy? Understand the basics

In the complex world of finance and business, bankruptcy serves as a crucial mechanism that allows struggling companies to reorganize and regain financial stability.

17.08 / 16:19

business wallet lending Bankruptcy Withdrawals BlockFi opens crypto withdrawals for eligible US users following court order

Many customers at defunct crypto lending firm BlockFi have reported being able to withdraw funds for the first time in months following an order from a United States bankruptcy court.

15.08 / 22:35

Bankruptcy Prime Trust Crypto Custodian Enters Chapter 11 Bankruptcy Amid Prolonged Crypto Winter

On Monday, Las Vegas cryptocurrency custodian Prime Trust filed for Chapter 11 bankruptcy protection, marking another setback for the troubled fintech company.

15.08 / 11:27

business community Bankruptcy global crypto community Prime Trust bankruptcy spotted by crypto community months ahead

Crypto custodian Prime Trust filed for Chapter 11 bankruptcy in the United States state of Delaware on Aug. 14 after reporting shortfalls in customer funds. Prime Trust said it’s working with 25,000 to 50,000 creditors and has liabilities of up to $500 million.

15.08 / 02:03

business Court Bankruptcy Crypto custodian Prime Trust files for Chapter 11 bankruptcy

Crypto custodian Prime Trust has filed for Chapter 11 Bankruptcy in Delaware after it faced a shortfall in customer funds.

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