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FTX creditors only getting '10-25% of their crypto back' — creditor
28.9.2024
Following the collapse of the FTX exchange, the FTT token collapsed by more than 80% and wiped away over $2 billion in customer value.
FTX creditors only getting ‘10-25% of their crypto back’ — Creditor
28.9.2024
Following the collapse of the FTX exchange, the FTT token collapsed by more than 80% and wiped away over $2 billion in customer value.
Terraform Labs may close products, services in bankruptcy wind-down
25.9.2024
Get it before Oct. 30, Terraform Labs tells the third parties it is discussion its wind-down with
Terraform Labs may close products, services in bankruptcy wind-down
25.9.2024
Get it before Oct. 30, Terraform Labs tells the third parties it is discussion its wind-down with
Celsius token surges 300% a month after $2.5B payment to creditors
24.9.2024
Celsius token skyrockets 300% a month after paying $2.5 billion to creditors, marking a strong rebound in the aftermath of its bankruptcy settlement.
SBF’s neurodivergence saw him ‘misinterpreted’ at trial, doctors argue
24.9.2024
The court and jury could have misunderstood Sam Bankman-Fried’s behavior during his criminal trial due to his autism and attention deficit disorders, doctors wrote in a recent amicus brief
Blockfi Receives $250M USDC Deposit, Sparking Hopes for Creditor Repayments
23.9.2024
Onchain data reveals that Blockfi, a now-bankrupt crypto lending firm, received a hefty $250 million deposit (1, 2) to one of its flagged addresses, as reported by Arkham Intelligence. The news was shared on X at 12:43 p.m. EDT on Monday. “Blockfi received $250M in USDC from Coinbase Prime...
Court approves Terraform Labs winding down in bankruptcy hearing
19.9.2024
After collapsing in 2022, facing an SEC lawsuit in 2023, and filing for bankruptcy in 2024, many of Terraform’s legal cases in the US are beginning to wind down
Terraform Labs Gets Court Approval to Wind Down Operations in Bankruptcy
19.9.2024
Terraform Labs has received court approval to wind down operations in bankruptcy following a settlement with the U.S. Securities and Exchange Commission (SEC). The company had been at the center of a scandal that left cryptocurrency investors facing significant losses after the Terra ecosystem...
Silvergate Bank Declares Bankruptcy Amidst No Crypto Support
19.9.2024
Silvergate Capital Corporation, the parent company of crypto-friendly bank Silvergate, has filed for Chapter 11 bankruptcy in the…
Silvergate Capital files for Chapter 11 bankruptcy in Delaware
18.9.2024
The parent company of Silvergate Bank has listed assets ranging from $100 million to $500 million and liabilities between $10 million and $50 million
Elon Musk Warns US Laws and Regulations Will Worsen Every Year Without Major Reform
13.9.2024
Tesla and Spacex CEO Elon Musk has warned that without substantial government reform, laws and regulations will worsen annually, potentially stifling major initiatives. He has reiterated his call for significant U.S. government changes and agreed to help former President Donald Trump lead a...
FTX pencils deal to access $600M in Robinhood shares
10.9.2024
FTX debtors will pay Emergent $14 million to cover administrative expenses in exchange for the firm withdrawing any claims to $600 million in Robinhood shares and cash
FTX pencils deal to access $600M in Robinhood shares
10.9.2024
FTX debtors will pay Emergent $14 million to cover administrative expenses in exchange for the firm withdrawing any claims to $600 million in Robinhood shares and cash
Coinbase Legal Chief Criticizes SEC’s Vague Position on FTX Plan — Says Investors Deserve ‘Way Better’
3.9.2024
Coinbase’s chief legal officer has criticized the U.S. Securities and Exchange Commission (SEC) for its ambiguous position regarding FTX’s proposal to repay creditors using stablecoins or other cryptocurrencies. Although the SEC did not explicitly deem these transactions illegal,...
SEC Warns FTX Over Legality of Crypto Asset Distribution in Chapter 11 Plan
2.9.2024
The U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its “crypto asset securities.” The SEC’s Senior Trial Counsel, Therese Scheuer, has reserved the right to challenge these transactions under federal securities laws. FTX’s Crypto...
SEC Might Challenge FTX Bankruptcy Estate From Paying Back Customers With Stablecoins
2.9.2024
The U.S. Securities and Exchange Commission (SEC) may have thrown a spanner in the wheels of the confirmation of the FTX bankruptcy plan, according to a court filing Friday
Government Overspending Puts US in the ‘Fast Lane to Bankruptcy,’ According to Elon Musk
2.9.2024
In recent times, Elon Musk, the owner of X and the CEO and product architect at Tesla, Inc., has been voicing his concerns about inflation. This discussion became especially prominent after he interviewed former U.S. President Donald Trump. Just two days ago, Musk took to X, declaring that...
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