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Nalezeno "Bankruptcy": 1386

Bankruptcy Was Crypto Winter’s Circuit Breaker


Societies have often frowned on bankruptcy, viewing it in moral terms as a breach of trust. But, in the wake of 2022's scandals, the process helped relaunch the crypto industry, says Michael Casey

FTX Seeks Exit from Anthropic Holdings, Proposes Entire 8% Stake Sale


Bankrupt cryptocurrency exchange FTX is seeking approval to sell its 8% stake in AI startup Anthropic Holdings. The motion, filed by FTX’s current CEO, John Ray III, requests permission to sell the stake and proposes two possible procedures, including an auction or a private sale. FTX aims...

Larry David Reflects on Super Bowl FTX Ad: ‘Like an Idiot, I Did It’


At the premiere of “Curb Your Enthusiasm’s” final season, Larry David expressed remorse for his participation in a Super Bowl commercial for FTX, reflecting on the decision as misguided after the cryptocurrency exchange’s bankruptcy. Larry David Admits Regret Over FTX Super...

Genesis Settles SEC Lawsuit for $21 Million Over Unregistered Securities


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...

End of the Line for OPNX, Built by Three Arrows Co-Founders Zhu and Davies


OPNX has declared it will cease all activities next month. This decision comes as co-founders Su Zhu and Kyle Davies grapple with legal repercussions stemming from their previous venture’s failure, Three Arrows Capital. OPNX to Shut Down Amid Three Arrows Co-Founders’ Legal Troubles...

Celsius Emerges from Bankruptcy and will Distribute $3B to Creditors


Celsius Network has emerged from bankruptcy and is planning to pay over $3 billion of cryptocurrency and fiat to its creditors. Part of the bankruptcy plan will include the creation of a new Bitcoin mining company named “Ionic Digital” which will be fully owned by Celsius’ creditors. Hut 8 Corp....

FTX to Face Independent Investigation, Federal Appeals Court Rules


An independent bankruptcy examiner must complete an investigation into the collapse of FTX, a federal appeals court ruled Friday. In violation of U.S. bankruptcy code The ruling, delivered by the Third Circuit Court of Appeals in Philadelphia, argues that to not appoint an independent examiner...

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