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Metropolitan Museum of Art to return $550K in donations from FTX
5.6.2023
The agreement came on the back of “good faith, arm’s length negotiations” with FTX’s debtors, the museum said
Gate.io threatens legal action against rumor-mongers
4.6.2023
Insolvency rumors surfaced after a series of events involving Multichain. Gate.io has denied any liquidity issues
FTX Exchange Objects to Prolonged Mediation Talks with Bankrupt Genesis – Here's the Latest
3.6.2023
FTX and its affiliates have objected to extending court-mediated settlement talks for bankrupt crypto lender Genesis.
In a recent court filing, FTX said it had not been invited to a court-appointed mediation in May that involved Genesis, its parent company Digital Currency Group, and creditor...
Bankruptcy Claims Exchange OPNX Issues New Governance Token, FLEX Rises 16%
1.6.2023
Bankruptcy claims exchange OPNX has issued a new governance token that is designed to reduce trading fees on the platform
US Government Presses for Independent Examiner in FTX Bankruptcy Case
31.5.2023
Following the U.S. bankruptcy court judge’s rejection of the U.S. Trustee’s plea to designate an impartial investigator for the FTX bankruptcy case, the government is now appealing this verdict. In essence, the U.S. Trustee’s appeal has been forwarded to the U.S. Third Circuit...
US District Judge sends matter of FTX independent examiner to appellate court
30.5.2023
A bankruptcy judge denied a motion for an independent examiner in February, leading to an appeal that may now go to the U.S. Court of Appeals for the Third Circuit
FTX Examiner Appointment Referred to Court of Appeals by District Judge
30.5.2023
The U.S. government is pushing to have an independent inquiry into the crypto exchange despite concerns over cost
Gemini and Genesis Fight Back Against SEC Lawsuit, Seek Dismissal of Allegations
29.5.2023
Gemini Trust Company and Genesis Global Capital filed a court document on May 26, 2023, seeking the dismissal of a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The regulatory body had accused the two crypto firms of offering unregistered securities. Gemini and Genesis...
Digital Currency Group to Sunset Tradeblock, Cites ‘Regulatory Challenges’ and ‘Prolonged Crypto Winter’
26.5.2023
Digital Currency Group has revealed its decision to sunset its institutional trading platform, Tradeblock, on May 31, 2023. The company attributes the move to the “challenging regulatory environment” and the enduring effects of the “prolonged crypto winter,” signaling...
DCG’s Subsidiary TradeBlock Is Shutting Its Doors: Bloomberg News
26.5.2023
TradeBlock, an institutional investor focused subsidiary of Barry Silbert’s crypto conglomerate Digital Currency Group, is closing down, according to Bloomberg News.
“Due to the state of the broader economy and prolonged crypto winter, along with the challenging regulatory environment for digital...
Fahrenheit Chosen As Winning Bid in Celsius Bankruptcy
25.5.2023
Bankrupt crypto lender Celsius Network LLC has chosen Fahrenheit as its winning bid, which will provide the capital and team to operate a new company.
Fahrenheit, which consists of a group of crypto firms, was selected as the winning bid on Thursday morning, according to a press release.
The...
Fahrenheit wins bid to acquire assets of crypto lender Celsius
25.5.2023
The Arrington Capital-backed consortium outbid NovaWulf to acquire Celsius Network’s assets, while the Blockchain Recovery Investment Consortium serves as a backup bid
Fahrenheit Wins Bid to Acquire Assets of Insolvent Crypto Lender Celsius
25.5.2023
The Arrington Capital-backed grouping beat fellow bidder NovaWulf for Celsius’ assets, with the Blockchain Recovery Investment Consortium selected as back-up
Core Scientific moves for September bankruptcy exit, expects $46M boost
24.5.2023
Core Scientific said favorable market conditions have increased its liquidity position and its bankruptcy restructuring plan has been revised
DCG Fails to Make $630M Payment to Creditors Amid Genesis Negotiations, Says Gemini
23.5.2023
In the midst of the financial dispute between crypto exchange Gemini and Digital Currency Group (DCG), Gemini has alleged that DCG failed to make a payment of around $630 million that was due last week. In response, Gemini has stated that it may extend “forbearance” to DCG in order...
FTX 2.0 to launch soon? Court filing shows a reboot plan in the works
23.5.2023
The new FTX CEO has undertaken a series of meetings over the past month to work on the relaunch of the failed crypto exchange by entering in a bidding process
Core Scientific Hopes to Emerge from Bankruptcy by September, Lawyers Say
23.5.2023
Core Scientific should “trim” its restructuring timeline by “at least [one] month,” the federal judge overseeing the crypto miner's bankruptcy said during a Monday hearing as creditors called for the insolvent crypto miner to fast-track its plans to emerge from Chapter 11 bankruptcy
Crypto Lender BlockFi Ordered to Withdraw Unapproved Reorganization Plan Shared 'Prematurely'
22.5.2023
The bankrupt estate was ordered to issue a corrective letter clarifying its May 13 disclosure statement was not approved by court
MIAX completes acquisition of FTX subsidiary LedgerX
19.5.2023
The deal was announced in April and approved by the bankruptcy judge on May 4
FTX pursues $244M clawback from 'wildly inflated' Embed acquisition deal
19.5.2023
FTX lawyers want to claw back $243.7 million from Embed insiders and executives, claiming its former leadership paid a "wildly inflated" price for the company