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Nalezeno "Bankruptcy": 1399

DCG’s Subsidiary TradeBlock Is Shutting Its Doors: Bloomberg News


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


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...

Core Scientific Hopes to Emerge from Bankruptcy by September, Lawyers Say


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

Voyager Digital Customers Will Recover 35% of Their Crypto Deposits


Bankruptcy crypto lender Voyager Digital said customers will soon recover 35 percent of their cryptocurrency deposits, following a rocky road over the past few months of multiple failed buyouts. US Bankruptcy Judge Michael Wiles approved Voyager’s liquidation plan on Wednesday, which will allow...

Crypto Giants Continue to Play by Their Own Rules, Unfazed by FTX Bankruptcy


A Bloomberg report has revealed that many crypto firms still follow some wrong approaches to their operations.  The surveyed firms handle assets worth tens of billions of dollars daily but don’t work with external auditors and independent boards to ensure accountability and openness.   The report...

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