Bankruptcy Financial News

19.07 / 11:39

Blockchain regulation Bitcoin Industry Bitcoin Regulation Bankruptcy Celsius Celsius could repay all USD claims if Bitcoin, Ether prices rose by 2X: Simon Dixon

Bankrupt crypto lender Celsius is battling a Chapter 11 bankruptcy with billions of dollars in claims made by various parties. A new estimate by the Bank of the Future (BF) suggests that the troubled crypto lender could likely repay the USD claims if the price of Bitcoin and Ether, the two assets that the firm holds, doubled from its current price.

17.07 / 22:29

Legal FTX BlockFi Bankruptcy Report: BlockFi's Risky Investment in FTX and Alameda Despite Knowledge of Infamous Balance Sheet

According to a recently unsealed report made in Friday's court filing, BlockFi Inc. executives ignored repeated warnings from their risk management team regarding significant loans to Sam Bankman-Fried's Alameda Research, collateralized with digital tokens from FTX.

14.07 / 20:59

business FTX Court Bankruptcy BlockFi CEO ignored risks from FTX and Alameda exposure, contributing to collapse: court filing

Zac Prince, the CEO of bankrupt cryptocurrency lending firm BlockFi, allegedly disregarded recommendations from the company’s risk management team over lending assets to Alameda Research.

12.07 / 08:41

business Law regulation Bankruptcy Celsius files lawsuit to recover $150M from staking platform StakeHound

Bankrupt crypto lender Celsius Network has filed a lawsuit against liquid staking platform StakeHound after the company allegedly failed to return $150 million worth of tokens owned by Celsius.

11.07 / 20:49

business FTX Court Bankruptcy Ftx Claims Portal FTX claims portal becomes unavailable shortly after going live

Bankrupt cryptocurrency exchange FTX launched a customer claims portal, which stayed live for roughly an hour before going offline for unknown reasons.

11.07 / 14:07

regulation companies SVB Bankruptcy Silicon Valley Bank SVB's former owner sues US banking watchdog to recover $1.9bn

The cash balance, which is held in an account at its banking subsidiary, has been described as “the most significant asset” of the SVB Financial estate, the group said.

06.07 / 14:59

SEC BlockFi Bankruptcy 3AC FTX, Three Arrows, and SEC Join Forces Against BlockFi's Bankruptcy Plans, Unveiling Billion-Dollar Dispute

FTX, Three Arrows Capital (3AC), and the Securities and Exchange Commission (SEC) have united against BlockFi's bankruptcy plans, revealing a billion-dollar dispute that has brought them together.

04.07 / 12:13

regulation lending Bankruptcy creditors Creditors for bankrupt Voyager Digital billed $5.1M in legal fees

New York-based law firm McDermott Will & Emery filed for compensation of $5.1 million from the creditors of bankrupt crypto brokerage firm Voyager Digital. The bill is for legal services offered between March 1 and May 13, 2023.

04.07 / 06:27

business defi regulation Gemini lending FTX Bankruptcy NOT Winklevoss slams DCG's Silbert — Not even SBF was 'capable of such delusion'

Crypto exchange Gemini founder and CEO Cameron Winklevoss is again threatening to sue Digital Currency Group and its CEO Barry Silbert over delays in the resolution of Genesis for its Earn customers while slamming the CEOfor allegedly trying to play the victim card.

04.07 / 03:37

business regulation Liquidity Court Bankruptcy Future creditors Kyle Davies to donate future OPNX earnings to 3AC creditors for 'karma'

The co-founders of collapsed crypto hedge fund Three Arrows Capital (3AC) have pledged to donate a portion of earnings from their newest crypto venture to creditors who lost money in the fund’s 2022 collapse.

29.06 / 02:01

business FTX Court Bankruptcy FTX reboot on the way: CEO holds talks with ‘interested parties’ — Report

Bankrupt crypto exchange FTX is one step closer to relaunching as an entirely new exchange.

28.06 / 11:47

business Blockchain Law Bankruptcy Voyager to pay $1.1M in legal fees incurred in April

Bankrupt crypto brokerage Voyager Digital is obligated to pay $1.1 million to its legal adviser, Kirkland & Ellis, for fees and expenses associated with its involvement in the company’s bankruptcy proceedings in April.

28.06 / 02:23

business FTX Court Bankruptcy FTX sues Dan Friedberg alleging he used ‘hush money’ to silence whistleblowers

FTX has filed a lawsuit against a former regulatory and compliance executive at the exchange, alleging he made a series of payments in attempts to prevent staff from blowing the whistle about issues at the exchange.

28.06 / 02:05

business FTX Bankruptcy Suspends stake FTX suspends $500M sale of stake in AI firm Anthropic: Report

The sale of FTX's $500 million stake in artificial intelligence startup Anthropic has reportedly been put on hold, adding a potential delay to the bankrupt crypto exchange's efforts to fill a $2 billion remaining hole in its balance sheet.

27.06 / 15:49

business Bankruptcy hedge fund 3AC liquidators look to recoup $1.3B from founders

Teneo, the liquidators behind bankrupt hedge fund Three Arrows Capital (3AC), are reportedly seeking to recover roughly $1.3 billion in funds from founders Su Zhu and Kyle Davies.

27.06 / 06:51

business Funding FTX Court Bankruptcy FTX splurged on cartoon, book about humans and 'Pineapple House,' alleges CEO

Former FTX executives allegedly splurged millions on funding niche projects completely unrelated to crypto or Web3, including a uniquely named $1.8 million “Pineapple house.”

24.06 / 02:21

markets defi Report Bloomberg Court Bankruptcy creditors Celsius creditors allege Wintermute facilitated 'wash trading': Report

Creditors of bankrupt cryptocurrency lending platform Celsius have alleged that crypto market maker Wintermute assisted Celsius executives in manipulating the prices of CEL (CEL) through the use of “wash trading.”

22.06 / 23:57

business Investments Fraud FTX Bankruptcy Fried FTX seeks to claw $700M from Bankman Fried friends and affiliated funds

FTX has filed a lawsuit in the United States Bankruptcy Court for the District of Delaware against some of the investment firms it had ties to before its collapse. The suit, filed June 22, contained 16 counts and seeks over $700 million from the defendants.

22.06 / 23:09

business Law Digital Asset Bankruptcy Prime Trust's financials 'considerably deteriorated,' says Nevada regulator

Prime Trust's financial condition is "critically deficient" and the crypto custodian is unable to honor customer withdrawals according to a cease and desist from Nevada's business regulator.

21.06 / 09:01

business Technology Mining Bankruptcy Bitcoin Bitcoin Miner Bitcoin miner Core Scientific files its Chapter 11 plan

A Chapter 11 plan for bankrupt Bitcoin (BTC) miner Core Scientific has been filed in line with its Chapter 11 proceedings.

21.06 / 06:41

business Law fees FTX Court Bankruptcy FTX bankruptcy will be ‘very expensive’ but there’s a reason: Auditor

Fees charged by the lawyers and the restructuring team working on the bankrupt crypto exchange FTX have topped $200 million in just over seven months, but an independent auditor argues it makes sense, given the mammoth task.

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