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Nalezeno "Bankruptcy": 1386

We've Seen the FTX Collapse Before

10.11.2023

Bankrupt Crypto Lender Genesis Seeks Court Help to Reduce Settlement Payout to 3AC

10.11.2023
Source: Pexels Digital Currency Group’s (DCG) subsidiary Genesis Global is seeking approval from the US court to revise its settlement agreement with the bankrupt Three Arrows Capital Ltd (3AC). According to a document filed on November 9 with the US bankruptcy court of the Southern District...

Hodlnaut heading for liquidation after failure of restructuring, sale efforts

10.11.2023
Recovery from the crypto winter is proceeding, but Hodlnaut won’t survive it. A sealed court order in Singapore appears to spell its doom

Celsius Bankruptcy Reorganization Plan Approved by Court; Implementation by Early 2024

10.11.2023
Crypto lender Celsius secured approval for its reorganization plan from a bankruptcy court on Thursday, marking an end to an ordeal that began when it filed for bankruptcy in July last year

Court Approves Celsius Network’s Bankruptcy Exit, Transition to Bitcoin Miner

10.11.2023
The U.S. Bankruptcy Court has approved Celsius Network LLC’s transition from a failed crypto lender to a Bitcoin mining business, setting the stage for the company to begin repaying its customers. Judge Martin Glenn confirmed the company’s plan to compensate its creditors using a mix of digital...

Celsius Bankruptcy Saga Nears Closure as Court Approves Restructuring Plan

9.11.2023
In a pivotal moment for Celsius Network LLC and its affiliates, the Southern District of New York Bankruptcy Court has issued a confirmation order for the modified joint Chapter 11 Plan of the crypto lender. The approval sets the stage for a significant overhaul following the tumultuous financial...

Court confirms Celsius bankruptcy exit plan, $2B in crypto to go to creditors

9.11.2023
The decision ends the complex case with a creditor-approved plan that will see their partial reimbursement and make them shareholders in a new company

SEC’s Gensler hints he’s open to a FTX reboot under proper leadership: Report

9.11.2023
“If Tom or anybody else wanted to be in this field, I would say, ‘Do it within the law,’” SEC Chair Gary Gensler iterated

Celsius Winner Proof Group Is in Running to Relaunch FTX, Sources Say

6.11.2023
The Silicon Valley investment firm was part of the Fahrenheit consortium that successfully bid for bankrupt cryptocurrency lender Celsius

FTX Seeks Bankruptcy Court Approval to Sell $744 Million Worth of Trust Assets, Including Grayscale and Bitwise Funds

6.11.2023
Bankrupt cryptocurrency exchange FTX and its debtors have sought approval from the bankruptcy court of Delaware to sell select trust assets, including funds from Grayscale and Bitwise, with an estimated value of $744 million. The proposed sale would be facilitated through an investment...

FTX Wants to Sell $744M Worth of Grayscale, Bitwise Assets

6.11.2023
Bankrupt crypto exchange FTX and its debtors have asked the U.S. Bankruptcy Court in Delaware to approve the sale of trust assets, funds of Grayscale and Bitwise amounting to an estimated $744m, through an investment adviser

FBI Dives Into FTX Customer Records — Field Offices Issue Subpoenas to Bankruptcy Consultants

4.11.2023
Reports indicate that the U.S. Federal Bureau of Investigation (FBI) has received data on FTX clients from the advisors of the now-insolvent firm. These consultants have complied with a minimum of five inquiries issued by the bureau’s local offices across various states. FTX Implosion Leads...

Judge Urges for SEC Decision on Planned Celsius Restart as Crypto Miner

1.11.2023
America’s securities regulator has been urged to decide if it will approve a plan to transform Celsius Network into a bitcoin mining firm. The proposal seeks to repay customers of the bankrupt cryptocurrency lender with both crypto assets and stock in a new publicly traded mining entity. New York...

OPNX Offers CoinFLEX Creditors 25% Equity and 1 Billion OX Tokens Over 10 Years

31.10.2023
Mark Lamb , a fellow CoinFLEX stakeholder and founder of OPNX, has extended an offer to CoinFLEX creditors that includes 25% equity in OPNX and the distribution of 1 billion OX tokens over a 10-year period. The proposal comes after the bankruptcy of CoinFLEX in 2022, which left many stakeholders...

US Crypto Exchange Bittrex Receives Bankruptcy Nod to Cease its Operations

31.10.2023
A Delaware court judge approved the Chapter 11 plan of Seattle-based cryptocurrency exchange Bittrex on Monday to cease its operations. In April, the US Securities and Exchange Commission (SEC) charged Bittrex, its co-founder and former CEO William Shihara. Bittrex faced allegations of operating...

Crypto Biz: BlockFi emerges from bankruptcy, Worldcoin halts USDC payments and more

28.10.2023
This week’s Crypto Biz looks at BlockFi’s emergence from bankruptcy, BlackRock’s spot Bitcoin ETF developments, Worldcoin’s operator payment scheme upgrades and more

Gemini Seeks Control of $1.6 Billion Grayscale Shares in Lawsuit

28.10.2023
Crypto exchange Gemini has initiated a lawsuit against digital asset lender Genesis in an attempt to gain control over $1.6 billion worth of Grayscale Bitcoin Trust shares. The lawsuit, filed on Friday in the U.S. Bankruptcy Court Southern District of New York, aims to recover the shares to repay...