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Nalezeno "Bankruptcy Filing": 48

Genesis Settles SEC Lawsuit for $21 Million Over Unregistered Securities

2.2.2024
Facing charges from the SEC over its crypto lending practices, Genesis has agreed to a $21 million settlement. This move aims to close a chapter of legal challenges following the company’s bankruptcy filing last year amid a wider crypto market collapse. Genesis Strikes $21 Million Deal With SEC...

Terraform Labs Files for Bankruptcy in US Amid SEC Lawsuit

22.1.2024
Terraform Labs has filed for Chapter 11 bankruptcy in the U.S. amid ongoing litigation with the U.S. Securities and Exchange Commission (SEC). The company stated in its bankruptcy filing that “funds will be available for distribution to unsecured creditors.” Meanwhile, Terraform Labs...

Safemoon Files for Chapter 7 Bankruptcy Month After SEC Charged Founders With Fraud

15.12.2023
Source: Pixabay Decentralized finance protocol SafeMoon has officially filed for Chapter 7 bankruptcy protection in the face of mounting allegations of fraud and mismanagement. The company’s founders Kyle Nagy, Thomas Smith, and Braden Karony, accused of misleading investors, are facing...

Genesis-DCG Propose to Settle Lawsuit: Bankruptcy Filing

29.11.2023
The deal would see DCG repay $275 million it owes to Genesis by April

Custodian Prime Trust’s Payments Subsidiary Banq Files for Chapter 11 Bankruptcy Protection

15.6.2023
Shortly after the custodian Bitgo announced its acquisition of the company Prime Trust, its payments subsidiary, a firm called Banq, filed for Chapter 11 bankruptcy protection in the United States. According to court documents, the filing reveals that Banq listed approximately $17.725 million...

Prime Trust subsidiary Banq files for bankruptcy amid BitGo acquisition deal

14.6.2023
Prime Trust payment subsidiary Banq files for bankruptcy, citing “unauthorized’ asset transfers to Fortress Group

Crypto Exchange Bittrex Enters Chapter 11 Bankruptcy Protection Following SEC Lawsuit

9.5.2023
Bittrex Inc., the U.S.-based cryptocurrency exchange, has filed for Chapter 11 bankruptcy protection in Delaware after being sued by the U.S. Securities and Exchange Commission for failing to register with the regulator. The exchange reportedly has over 100,000 creditors and liabilities ranging...

SEC not allowed to punish Voyager advisers over bankruptcy token, says US judge

7.3.2023
The SEC claims the transactions involved with redistributing the funds to impacted Voyager account holders will trigger U.S. securities laws

FTX Transferred $7.7B from Bahamian Estate to US Units Ahead of Bankruptcy Filing, Court Told

15.2.2023
Representatives for FTX said whether assets belong in the Bahamian estate or in the U.S. estate remain open issues

Binance Returns to Korean Crypto Market — Invests in Troubled Exchange Gopax

4.2.2023
Binance has returned to the South Korean cryptocurrency market after two years with a “meaningful” investment in a local, licensed crypto exchange. Gopax fell into trouble following the collapse of crypto exchange FTX and the bankruptcy filing of crypto lender Genesis Global. Binance...

Genesis' bankruptcy filing was decided by independent committee according to DCG

20.1.2023
A special committee of independent directors recommended and decided to file for Chapter 11 bankruptcy protection

What's Next for Genesis Creditors? It Depends on What's in the Bankruptcy Filing

20.1.2023
Eric Snyder, partner at Wilk Auslander LLP, says that a substantial amount of haircuts are likely to be made, but that depends on the petition Genesis’ trio of companies filed

Genesis Claims $5.1B in Liabilities in First Day Bankruptcy Filing

20.1.2023
Three of the institutional crypto brokerage's entities filed for Chapter 11 protection late Thursday

Crypto Lender Genesis Files for Bankruptcy Following SEC Lawsuit

20.1.2023
Crypto lender Genesis, a subsidiary of Digital Currency Group (DCG), has filed for Chapter 11 bankruptcy. The filing followed a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). Genesis claims to have “ample liquidity to support its ongoing business operations...