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WazirX Creditors To Get 100% Claims Post Restructuring, Here’s How
16.9.2024
On Monday, September 16, WazirX, a popular Indian crypto exchange, organized the second townhall meeting to address creditor…
Wazirx Fast-Tracks INR Withdrawals but Users Face 6-Month Crypto Trading Delay
4.9.2024
Indian crypto exchange Wazirx has accelerated Phase 2 of INR withdrawals after a cyberattack on July 18. Initially scheduled for Sept. 9, eligible users can now withdraw up to 66% of their INR balances. However, crypto trading on the platform will not resume for another six months. Wazirx Expedites...
Matter Labs Restructures, Cuts 16% of Workforce Amid Strategy Shift
3.9.2024
Matter Labs, a key player in the crypto industry, is restructuring, resulting in a 16% workforce reduction. The decision, made to align with evolving market demands and internal strategy shifts, was difficult but necessary, according to the CEO Alex Gluchowski. Departing employees will receive...
Matter Labs CEO announces company restructuring, layoffs
3.9.2024
Matter Labs is the creator of the Ethereum layer-2 scaling solution ZKsync
Matter Labs CEO announces company restructuring, layoffs
3.9.2024
Matter Labs is the creator of the Ethereum layer-2 scaling solution ZKsync
Wazirx Files for Moratorium in Singapore Court to Address Users’ Crypto Balances
28.8.2024
Indian crypto exchange Wazirx has announced that a moratorium has been filed in Singapore’s High Court under the Insolvency, Restructuring and Dissolution Act to address users’ crypto balances. The move aims to provide a 30-day relief period for Wazirx to reorganize liabilities through...
WazirX slams external forces for delaying restructuring efforts
25.8.2024
This restructuring plan is expected to provide greater clarity on the steps WazirX will take to stabilize its operations and protect its users’ interests
Wazirx Defends Restructuring Decision — Founder Assures ‘Not Bankruptcy or Liquidation’
24.8.2024
Indian crypto exchange Wazirx has defended its restructuring strategy in response to the July 18 cyberattack that led to the theft of over $230 million. The company emphasized that this approach is the quickest and most legally sound way to address these challenges. “This is not bankruptcy...
Bankrupt crypto firm Genesis completes restructuring
2.8.2024
In a January open letter, Gemini co-founder Cameron Winklevoss accused entities related to Genesis of inflating their assets
Bungie Hit By Layoffs And Massive Restructuring Despite Success Of Destiny 2: The Final Shape
31.7.2024
Bungie is about to undergo major changes. The Destiny 2 maker is laying off hundreds more employees, integrating more deeply with its parent company Sony, and spinning off one of its in-development games into a separate PlayStation Studio. CEO Pete Parsons called it a “difficult and painful day”...
Terraform Labs to reopen Shuttle Bridge, destroy LUNA tokens
19.7.2024
These developments indicate TFL’s proactive efforts to tackle Terra's challenges and restore trust and stability within the Terra ecosystem
FTX and CFTC agree to $12.7B settlement, subject to court approval
17.7.2024
The US commodities regulator didn’t seek a civil monetary penalty, meaning the entire $12.7 billion would be used to pay back FTX’s creditors
FTX and CFTC agree to $12.7B settlement, subject to court approval
17.7.2024
The US commodities regulator didn’t seek a civil monetary penalty, meaning the entire $12.7 billion would be used to pay back FTX’s creditors
SEC Closing Salt Lake Regional Office After Failed Legal Battle Against Crypto Firm
5.6.2024
The U.S. Securities and Exchange Commission (SEC) has announced the closure of its Salt Lake Regional Office (SLRO) due to attrition and a focus on organizational efficiency. This move will reduce the number of SEC regional offices from 11 to 10. The jurisdiction for Utah, previously held by SLRO...
FTX Reaches Settlement With IRS on $24 Billion Tax Claim
4.6.2024
Crypto exchange FTX has reached a settlement with the Internal Revenue Service (IRS), reducing its $24 billion claim to $200 million to be paid within 60 days after the company’s restructuring plan is approved. Additionally, the U.S. tax authority will receive a $685 million lower priority...
Binance France changes ownership following regulator warning
28.5.2024
Former CEO Changpeng Zhao cannot be Binance's beneficiary if it wants to keep its French license
AI safety researchers leave OpenAI over prioritization concerns
18.5.2024
Following the recent resignations, OpenAI has opted to dissolve the ‘Superalignment’ team and integrate its functions into other research projects within the organization
FTX Transfers $8.3M a Day Before Amended Proposal Deadline for Restructuring Plan
7.5.2024
This transfer occurred just a day before FTX debtors were scheduled to release an amended restructuring plan for the exchange, adding a layer of intrigue to an already complex situation.
The post FTX Transfers $8.3M a Day Before Amended Proposal Deadline for Restructuring Plan appeared first...
Yuga Labs Sells IP Rights of Two NFT Games in Strategic Move – Here’s the Latest
19.4.2024
Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC) NFTs, has sold the IP rights of two of its games, Legends of the Mara and HV-MTL, to Web3 gaming firm Faraway. The move is part of a strategic restructuring effort to refocus the organization. Simultaneously, Yuga Labs' chief gaming officer...
OKX Sees Departures of Global Government Relations Head, Product Head, and Compliance Head: Report
17.4.2024
OKX, the world's second-largest cryptocurrency exchange by trading volume, has reportedly lost two of its top executives, Tim Byun and Wei Lan amid latest strategic restructuring.
The post OKX Sees Departures of Global Government Relations Head, Product Head, and Compliance Head: Report appeared...