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Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm
2.9.2024
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to provide Rhodium with...
Bankrupt Bitcoin miner Rhodium gets court approval for loan in BTC or USD
31.8.2024
The company was authorized to choose between receiving $30 million or 500 Bitcoin loan from Galaxy Digital
Bankrupt Bitcoin miner Rhodium gets court approval for loan in BTC or USD
31.8.2024
The company was authorized to choose between receiving a $30 million or a 500 Bitcoin loan from Galaxy Digital
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
Bullish Bitcoin traders better positioned for Friday’s $5.5B options expiry
24.7.2024
Bullish Bitcoin options traders expect a hefty profit from Friday’s expiry now that Germany and Mt. Gox wallets have been emptied
Bullish Bitcoin traders better positioned for Friday’s $5.5B options expiry
24.7.2024
Bullish Bitcoin options traders expect a hefty profit from Friday’s expiry now that Germany and Mt. Gox wallets have been emptied
Elon Musk tweets, “America is going bankrupt,” Can Bitcoin Save America from Bankruptcy?
23.7.2024
Elon Musk’s controversial tweet ignited fierce discussion about America’s economic trajectory. The renowned entrepreneur and head of Tesla and SpaceX declared, “America is going bankrupt,” sparking widespread speculation regarding the future of the U.S. economy. Musk...
BlockFi confirms July start for interim crypto distributions
18.7.2024
BlockFi clients are to note that client communications will exclusively occur via official email channels
New York Attorney General Secures $2B Settlement From Failed Crypto Lender Genesis for Victims
21.5.2024
New York Attorney General announced it has secured $2 billion from the bankrupt cryptocurrency firm Genesis Global to help pay back defrauded victims.
The post New York Attorney General Secures $2B Settlement From Failed Crypto Lender Genesis for Victims appeared first on Cryptonews
NY Attorney General Secures $2 Billion Settlement With Bankrupt Crypto Lender Genesis
21.5.2024
New York Attorney General Letitia James has secured a $2 billion settlement with bankrupt cryptocurrency firms Genesis Global Capital, Genesis Asia Pacific, and Genesis Global Holdco. The settlement, which requires bankruptcy court approval, will establish a victims’ fund to compensate over 29,000...
Bankrupt Crypto Lender Blockfi Enlists Coinbase to Distribute Crypto Payouts
10.5.2024
The now-defunct crypto lender Blockfi is officially shutting down the firm’s web portal this month according to an update from the firm. Blockfi said that it has partnered with Coinbase to help facilitate the execution of withdrawals to eligible Blockfi customers. Blockfi Collaborates With Coinbase...
Former Cred execs face wire fraud and money laundering charges
4.5.2024
After attending their initial court appearance on May 2, the former CEO and CFO of Cred must enter their plea on May 8
DCG Boosts Legal Arsenal with First Chief Hire During New York AG Dispute
26.4.2024
Digital Currency Group (DCG), parent firm of bankrupt crypto lender Genesis, has brought on its first-ever chief legal officer as it faces a lawsuit from New York’s Attorney General.
The post DCG Boosts Legal Arsenal with First Chief Hire During New York AG Dispute appeared first on Cryptonews
Mt. Gox Trustee Reveals Updated Bitcoin and Fiat Repayment Schedule for Creditors
22.4.2024
The last round of Mt. Gox's much awaited creditor compensation process is now approaching. By October 2024, the bankrupt exchange is expected to payout 142,000 Bitcoin (BTC), 143,000 Bitcoin Cash (BCH), and 69 billion Japanese yen ($510 million), according to a post published on Reddit on April...
Bankrupt Voyager, FTX Strike Deal to Resolve Claims Against Each Other
11.4.2024
FTX would entirely release the $445 million to Voyager, which would help reimburse creditors.
The post Bankrupt Voyager, FTX Strike Deal to Resolve Claims Against Each Other appeared first on Cryptonews
Genesis Converts GBTC Shares into Bitcoin: Acquires 32,000 BTC in Major Move
6.4.2024
Bankrupt crypto lending firm Genesis has converted approximately 36 million shares of Grayscale Bitcoin Trust (GBTC) into Bitcoin as part of preparations to settle its debts with creditors.
The post Genesis Converts GBTC Shares into Bitcoin: Acquires 32,000 BTC in Major Move appeared first...
FTX Strikes Deal to Offload Two-Thirds of Anthropic Stake for $884M
26.3.2024
Bankrupt crypto exchange FTX agreed to sell the majority of its shares in AI startup Anthropic for $884m, according to court filings from Friday.
The post FTX Strikes Deal to Offload Two-Thirds of Anthropic Stake for $884M appeared first on Cryptonews
Sophisticated Email Phishing Targets Bankrupt Crypto Firms’ BlockFi, FTX Creditors
25.3.2024
FTX and BlockFi claimants received legit-looking fraudulent emails luring them with a promise of instant withdrawals of their remaining balances.
The post Sophisticated Email Phishing Targets Bankrupt Crypto Firms’ BlockFi, FTX Creditors appeared first on Cryptonews
Crypto Lender Celsius Pursues $2B Pre-Bankruptcy Exodus
21.3.2024
Bankrupt crypto lender Celsius has begun demanding customers who made major withdrawals in the three months preceding its bankruptcy to return their funds or face legal action.
The post Crypto Lender Celsius Pursues $2B Pre-Bankruptcy Exodus appeared first on Cryptonews
3AC Co-Founder Kyle Davies Says He Won’t Apologize for Crypto Hedge Fund Going 'Bankrupt'
20.3.2024
Kyle Davies, the co-founder of the now-defunct Three Arrows Capital, has stated that he is not sorry for the company going bankrupt