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Susquehanna, DRW Are Among Backers of Bankruptcy Claims Exchange OPNX, the Firm Tweets
21.4.2023
Other investors include U.S. options exchange MIAX Group and Saudi digital asset fund Tuwaiq, OPNX said Friday
Youth Insolvency Spikes in South Korea – Is a Rise in Crypto Investment to Blame?
21.4.2023
Crypto investment is being blamed for a spike in the number of South Korean people aged 20-39 declaring insolvency.
Per Maeil Shinmun, the Seoul Rehabilitation Court said:
“The rise in [insolvency] seems to have been influenced by a growth in economic activities such as cryptocurrency and stock...
Crypto lender BlockFi is granted extra time to file Chapter 11 exit plan
20.4.2023
BlockFi was granted a 48-day extension by a New Jersey bankruptcy judge to submit an exit plan, exploring a potential sale of company assets and restructuring
U.S. Government Allows the Bulk of Voyager-Binance.US Deal to Proceed
20.4.2023
A new court filing suggests non-contentious elements of the $1 billion deal could go ahead even before an appeal is heard
Voyager's $1B deal with Binance.US moves forward after deal with Feds
20.4.2023
The bankrupt crypto lender struck a deal with the U.S. government and its $1 billion sale of cryptocurrencies to Binance.US has moved forward
Zipmex requests 2-month extension from Singapore court for restructuring plan
18.4.2023
A ruling from Singapore’s High Court originally allowed Zipmex a moratorium until December 2022 to handle debt relief amid reported liquidity issues
Crypto Exchange Zipmex Files for Two-Month Moratorium Extension
18.4.2023
Troubled cryptocurrency exchange Zipmex has filed for a two-month extension to its moratorium agreement to the Singapore court, according to an announcement
The Fall of Medici Bank: Lessons on Fractional Reserve Banking From 15th Century Italy
16.4.2023
Amid the banking chaos of the 21st century, some are looking back more than 600 years ago, to the Medici Bank — one of the most powerful banks of its time. It established its business and became one of the most respected banks in Europe during its prime, and the prominent Italian family of bankers...
Celcius reportedly prepping litigation against creditor for leaking internal info
15.4.2023
Creditor Tiffany Fong has argued that she hasn’t done anything wrong, asserting that she didn’t break any non-disclosure agreements by reporting on the leaked information
NovaWulf Plans to Tokenize Equity of Celsius’ New Firm With $2B Assets, After Takeover
14.4.2023
Celsius Network contacted 130 interested parties and signed non-disclosure agreements with 40, before choosing NovaWulf
FTX Finds $7.3 Billion in Liquid Assets; Lawyers Consider Rebooting Shuttered Crypto Exchange
13.4.2023
FTX debtors revealed during a hearing on April 12th that the restructuring team has collected $7.3 billion in liquid assets. The exchange is currently considering a relaunch, according to a lawyer representing the defunct cryptocurrency exchange. Following the announcement, the exchange’s...
FTX’s Bankruptcy Lawyers: ‘The Dumpster Fire Is Out’
12.4.2023
Five months after the spectacular implosion of FTX, the Bahamas-based exchange’s new legal team has a message for both the U.S. bankruptcy court and creditors alike: “The situation has been stabilized and the dumpster fire is out.”
FTX has recovered $7.3B in assets, will consider rebooting exchange in Q2 2023
12.4.2023
Sam Bankman-Fried's failed cryptocurrency exchange filed for bankruptcy in November 2022 and has since been mired in court proceedings
Crypto Exchange FTX Could Reopen, Its Attorney Says; Firm’s FTT Token Surges
12.4.2023
FTT jumped as much as 36%
Swiss court gives green light for FTX to sell its European arm
12.4.2023
The approval of a petition in Switzerland allowing FTX Europe AG's sale would be in accordance with U.S. bankruptcy court, where FTX's global business filed for Chapter 11
Alameda to Be Repaid $53M Deltec Loan, Delaware Bankruptcy Court Says
12.4.2023
The 2021 payment to Deltec International was originally approved by FTX's Ryan Salame
Circle and BlockFi questioned on banking with SVB by Warren and AOC
12.4.2023
Circle and BlockFi executives were questioned after the lawmakers accused SVB of “coddling” and giving “white glove” treatment to its largest depositors
Core Scientific debtors petition bankruptcy court to approve new president
11.4.2023
The debtors appointed Adam Sullivan, a managing director at investment banking firm XMS Capital Partners, to assume the role of president amid the firm’s bankruptcy proceedings
Bankruptcy Trading Platform Xclaim Closes $7M Round as It Adds Crypto Focus
11.4.2023
Founder and CEO Matthew Sedigh says trading volumes have surpassed $200 million since Xclaim started operations in 2018
FTX's bankruptcy lawyers and advisors pocket $32.5M in February
11.4.2023
The reimbursement expenses for FTX’s massive team of legal professionals are just as exorbitant in February as they were the previous month