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Bankrupt Crypto Lender Voyager Reopens Bidding Process Following FTX’s Collapse
11.11.2022
Voyager Digital is ending the deal to sell itself to FTX US after the latter also declared bankruptcy on Friday
Philanthropic FTX Foundation Sunsets Operations Amid Bankrupt Exchange’s Fallout
11.11.2022
The philanthropic effort created by the troubled crypto exchange FTX has detailed it is sunsetting operations and told the community that members were “shocked and immensely saddened” by the turn of events that transpired around the trading platform. Sam Bankman-Fried’s Altruistic Efforts...
Bankrupt Crypto Lender Celsius Files Motion to Extend Submission Time for Reorganization Plan
10.11.2022
The bankrupt lender filed the motion so that it has more time to submit its reorganization plan
Publicly Listed Bitcoin Miner Core Scientific Publishes Update After SEC Filing That Mentions ‘Restructuring’
8.11.2022
On Nov. 7, 2022, the bitcoin mining firm Core Scientific released the company’s October update after the company’s Form 8-K U.S. Securities and Exchange Commission (SEC) filing on Oct. 26, 2022. The filing noted that the company was in the process of exploring “restructuring...
Lender Generate Capital to Buy Bankrupt Bitcoin Miner Compute North's Stake in 2 Bitcoin Mining Facilities
1.11.2022
The lender is paying $5 million in cash and assuming liabilities associated with the two sites, which total 400 MW of operating capacity
Core Scientific Shares Downgraded After SEC Filing Hints at Possible Bankruptcy
30.10.2022
One of the largest publicly listed bitcoin miners, Core Scientific, has shaken investors with a recent filing with the U.S. Securities and Exchange Commission that raises the possibility the company may apply for bankruptcy protection. The filing notes that Core Scientific will be unable to...
Economist Peter Schiff Warns the US Dollar Will Crash — Says ‘We’re Going to Default’
27.10.2022
Economist Peter Schiff has warned that the U.S. dollar will crash. Noting that the U.S. is “in a much bigger fiscal mess than Great Britain,” with a much bigger debt problem, Schiff stressed: “Can we possibly repay this debt? Of course not. Repaying the debt is impossible....
JPMorgan Hires Former Executive of Bankrupt Crypto Firm as Head of Digital Assets Regulatory Policy
21.10.2022
JPMorgan Chase & Co. has hired bankrupt crypto lender Celsius Network’s former head of policy and regulatory affairs as its new head of digital assets regulatory policy. The move followed JPMorgan CEO Jamie Dimon telling U.S. Congress that crypto tokens, like bitcoin,...
Crypto Custodian Prime Trust Agrees to Return $17M in Tokens to Bankrupt Lender Celsius
20.10.2022
The assets will be sent to a designated Celsius wallet, and will await court orders about how they should be distributed
Customers of Bankrupt Crypto Lender Voyager Could Recover 72% of Their Funds if FTX Sale is Approved
20.10.2022
A judge still needs to approve a bankruptcy payout plan and the company could still scrap the deal in favor of a higher bid
German crypto bank Nuri tells 500K users to withdraw funds ahead of shut down
19.10.2022
Nuri will maintain crypto trading services until the end of November, and has encouraged users to withdraw their assets before the mid-December deadline
Bankrupt Crypto Lender Voyager Plans to Settle CEO, CFO Negligence Claims Related to Three Arrows Loans
18.10.2022
An internal probe found that risky loans made to 3AC were based on minimal financial disclosures from the hedge fund
Report: Bankrupt Crypto Hedge Fund Three Arrows Capital Probed by SEC, CFTC for Possible Legal Violations
18.10.2022
Reports indicate that the bankrupt crypto hedge fund Three Arrows Capital (3AC) is facing more trouble from liquidators and financial authorities from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). The whereabouts of the hedge fund’s...
SEC, CFTC Probing Bankrupt Crypto Hedge Fund Three Arrows Capital: Report
17.10.2022
The federal agencies are looking into whether Three Arrows misled investors about its balance sheet and whether the hedge fund should have registered with them
Bankrupt Crypto Lender Celsius Pays More Than $3 Million in Legal Fees
17.10.2022
The bankrupt crypto lender Celsius (CEL) has so far paid out more than $3m in legal fees, with one law firm alone responsible for the vast majority of the expense for just two weeks of work.
The total figure of over $3m was made up of close to $2.6m charged by law firm Kirkland and Ellis for work...
Former CEO of Bankrupt Crypto Lender Celsius Cashes Out $960K in CEL, USDC, Data Show
11.10.2022
Alex Mashinsky, who resigned as Celsius’ CEO on September 27, continues to move crypto out of wallets while withdrawals are suspended for customers
Bankrupt Celsius Court Documents Reveal Customer Details
7.10.2022
In another installment of the legal woes of bankrupt crypto lender Celsius Network, court documents submitted as part of the case have been released for public access along with the personal data of thousands of the company’s customers....
Read More: Bankrupt Celsius Court Documents Reveal Customer...
Marathon reports $80M exposure to bankrupt mining firm
7.10.2022
Marathon has outlined that at this stage its operations hosted by Compute North will continue to operate as usual, and highlighted an improved BTC mining production in Q3
Wallet Linked to Bankrupt Three Arrows Capital Shows Activity Despite ‘Missing’ Founders
6.10.2022
A number of non-fungible tokens (NFTs) collected by Starry Night Capital, an NFT fund established by the Singaporean bankrupt crypto hedge fund Three Arrows Capital (3AC), were moved to a new wallet by Teneo, the consultancy leading 3AC’S bankruptcy proceedings....
Read More: Wallet Linked...
Bitcoin Miner Marathon Invested $31.3M in Bankrupt Data Center Compute North
6.10.2022
The miner also has about $50 million in security deposits and prepayment to Compute North, for hosting Marathon’s bitcoin miners