Bankruptcy Financial News

16.06 / 06:42

business Blockchain SEC Banks Federal Reserve investigation Bankruptcy Fed, SEC investigate Goldman Sachs over Silicon Valley Bank's securities portfolio: Report

Goldman Sachs is currently facing scrutiny from the Federal Reserve and Securities and Exchange Commission (SEC) regarding its involvement in the purchase of Silicon Valley Bank's securities portfolio prior to the bank's collapse, The Wall Street Journal has reported, citing sources familiar with the matter.

16.06 / 06:32

Court Bittrex Bankruptcy Withdrawals Customers US Judge Signs Court Order Allowing Bittrex Customers To Make Withdrawals

A US district judge signed a court order on Tuesday allowing Bittrex customers to make withdrawals following back and forth between the court and the US government.

16.06 / 03:56

regulation Bitcoin Regulation Bankruptcy Celsius Bitcoin reorganization Celsius seeks to convert alts to Bitcoin and Ether under reorganization plan

Defunct crypto lender Celsius has revised its bankruptcy filing, awaiting approval from a bankruptcy court in New York after a successful acquisition deal with the Fahrenheit crypto consortium. The crypto lender filed its reorganization plan on June 15.

16.06 / 03:38

regulation Court Bankruptcy Withdrawals Customer Voyager app set to reopen for customer withdrawals as soon as June 20

Cryptocurrency brokerage Voyager Digital is preparing to reopen its app and allow customers to finally withdraw their funds — nearly one year after it filed for Chapter 11 bankruptcy.

10.06 / 15:49

FTX Bankruptcy Customer Court Supports FTX's Request to Remove Customer Names from Bankruptcy Filings

Bankrupt cryptocurrency exchange FTX has secured court permission to remove the names of its customers from all filings in its bankruptcy case.

09.06 / 06:03

business FTX Court Bankruptcy Customer FTX argues releasing ‘valuable’ customer list will harm its sale value

The list of around nine million FTX customers is “extraordinarily valuable” and could harm the crypto exchange’s sale value if released, a member of the FTX restructuring team has argued.

08.06 / 21:45

Binance SEC coinbase Bittrex Bankruptcy Department Customers US Justice Department Objects to Bittrex’s Plan To Repay Customers in Bankruptcy Proceedings

The US Department of Justice objected to a proposal by crypto exchange Bittrex to return money to customers as part of its liquidation plan.

08.06 / 18:33

business Government Department Of Justice FinCEN Bankruptcy US DoJ Customers US DOJ opposes bankrupt Bittrex’s plan to repay customers ahead of credited fines

The United States Justice Department (DOJ) has filed an objection to a motion by bankrupt cryptocurrency trading platform Bittrex to allow customers to withdraw their crypto and fiat. The U.S. Treasury’s Office of Foreign Asset Control (OFAC) is Bittrex’s biggest creditor, but its claim would be subordinated under the Bittrex proposal.

08.06 / 06:09

business Law Binance regulation coinbase us government Bankruptcy lawsuits Meet the judges that will preside over Coinbase and Binance’s SEC lawsuits

Court filings have revealed the names of the two United States District Court Judges that will preside over the Coinbase and Binance lawsuits brought against them by the U.S. Securities and Exchange Commission.

06.06 / 19:58

business Bankruptcy FUD Gate.io threatens legal action against rumor-mongers

Centralized crypto exchange Gate.io has threatened legal action in response to rumors of imminent bankruptcy. Crypto community members have been speculating since May about a possible connection between Gate.io and the troubled cross-chain protocol Multichain.

06.06 / 18:47

business Art Adoption regulation Court Bankruptcy Metropolitan Museum of Art to return $550K in donations from FTX

The Metropolitan Museum of Art (Met) is set to return $550,000 in donations it received from crypto exchange FTX prior to its collapse in November.

05.06 / 08:24

Law regulation FTX Court Bankruptcy FTX debtors FTX debtors object Genesis' 'critical' claim estimate of '$0.00'

Just a month after bankrupt cryptocurrency exchange FTX was seeking $4 billion from the also bankrupt crypto lender Genesis, it is now contesting a claim that it is entitled to nothing.

03.06 / 10:23

FTX Bankruptcy genesis FTX Exchange Objects to Prolonged Mediation Talks with Bankrupt Genesis – Here's the Latest

FTX and its affiliates have objected to extending court-mediated settlement talks for bankrupt crypto lender Genesis.

30.05 / 19:03

regulation FTX Court Bankruptcy US District Judge sends matter of FTX independent examiner to appellate court

A United State District Judge has referred a motion requesting the appointment of an independent examiner for bankruptcy crypto exchange FTX to appellate court.

30.05 / 12:27

business FTX Bankruptcy Crypto exchange TrigonX latest to emerge from the FTX rubble

Australian crypto exchange TrigonX is the latest revival story to come out of the FTX collapse, with the exchange set to relaunch after it collapsed in December with debts exceeding $50 million.

26.05 / 01:13

Bankruptcy genesis DCG DCG’s Subsidiary TradeBlock Is Shutting Its Doors: Bloomberg News

TradeBlock, an institutional investor focused subsidiary of Barry Silbert’s crypto conglomerate Digital Currency Group, is closing down, according to Bloomberg News.

25.05 / 19:03

Blockchain Provident Digital CEO Bankruptcy Bitcoin Celsius bankruptcy Fahrenheit Chosen As Winning Bid in Celsius Bankruptcy

Bankrupt crypto lender Celsius Network LLC has chosen Fahrenheit as its winning bid, which will provide the capital and team to operate a new company.

24.05 / 07:17

regulation Liquidity Bankruptcy Bitcoin Bitcoin Price exit boost Core Scientific moves for September bankruptcy exit, expects $46M boost

A restructuring plan for bankrupt Bitcoin (BTC) miner Core Scientific could be finalized by September and it expects to exit proceedings with an additional $46 million due to recent favorable market conditions.

22.05 / 12:01

Bankruptcy Capital DappRadar Demand Bankrupt crypto NFTs belonging to bankrupt crypto firm fetch nearly $2.5 million at auction

Arrows Capital sold for about $2.5 million. Of the tokens, «Fidenza #725,» an image with graphic dashes and curves in a muted palette of cream, yellow, pink and black, fetched the highest price at over $1 million. Three Arrows Capital purchased it for 135 ether in 2021, equal to about $341,786 at the time, according to DappRadar. The auction was part of liquidating Three Arrows, according to a February memo from Teneo, one of the court-appointed liquidators. Singapore-based Three Arrows was the first major crypto firm to go bankrupt in 2022, brought down by the collapse of cryptocurrencies Luna and TerraUSD. It filed for bankruptcy in the British Virgin Islands in late June 2022.

20.05 / 06:47

business Conference FTX Books Bankruptcy 'Big Short' author Michael Lewis almost ready to publish book on SBF

Michael Lewis, the bestselling author of The Big Short and Moneyball, has revealed that he has almost finished writing his book on Sam Bankman-Fried (SBF) and the collapse of the FTX crypto exchange.

19.05 / 18:07

business Blockchain FTX Bankruptcy LedgerX MIAX completes acquisition of FTX subsidiary LedgerX

The Miami International Securities Exchange (MIAX), owned by Miami International Holdings, has completed the acquisition of LedgerX, which was one of the FTX assets court-approved for sale in January. LedgerX is an exchange and clearinghouse regulated by the United States Commodity Futures Trading Commission (CFTC).

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