Search
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
Bittrex US files for Chapter 11 bankruptcy protection
9.5.2023
Bittrex US has become the latest entrant to a league that does not necessarily reflect a good position. Per the reports, the crypto exchange platform has filed for Chapter 11 Bankruptcy Protection as the latest step in the process of ceasing its operations in the US. The development comes days...
Crypto Exchange Bittrex Enters Chapter 11 Bankruptcy Protection Following SEC Lawsuit
9.5.2023
Bittrex Inc., the U.S.-based cryptocurrency exchange, has filed for Chapter 11 bankruptcy protection in Delaware after being sued by the U.S. Securities and Exchange Commission for failing to register with the regulator. The exchange reportedly has over 100,000 creditors and liabilities ranging...
Crypto platform Bittrex files for Chapter 11 bankruptcy following SEC charges
8.5.2023
The firm estimated it had more than 100,000 creditors, between $500 million and $1 billion in assets, and between $500 million and $1 billion in liabilities
FTX seeks to claw back $4B from Genesis in a battle of the bankrupt
4.5.2023
The bankrupt crypto exchange wants to recoup billions from the bankrupt crypto lender claiming it was “instrumental” to FTX’s “fraudulent” business model
Gemini ‘supportive’ of Genesis mediation, but frustrated over pacing
1.5.2023
Genesis is starting a 30-day meditation with its key creditors as its bankruptcy proceedings are close to hitting the four-month mark
Binance US Pulls the Plug: Voyager Purchase Deal Falls Through
25.4.2023
According to the now-defunct crypto lender Voyager, Binance US sent a letter to the company “terminating the asset purchase agreement.” While the announcement was “disappointing” for Voyager, the firm maintained that its customers would still be receiving their cash...
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
Eversheds Sutherland Files for Property Rights Over FTX.com Customer Assets
24.3.2023
Lawyers asked the court for an early stage summary judgment, to ring-fence FTX assets frozen in the accounts of non-U.S. customers
Core Scientific to transfer $20M of equipment to settle bankruptcy dispute
21.3.2023
Millions of dollars worth of electrical equipment will be transferred to the crypto miners' exclusive energy negotiator to settle a payments dispute
SVB's UK arm issues 15M pounds in bonuses after symbolic bailout: Report
19.3.2023
Insider sources reportedly described the bonus pool as “modest,” adding that the stock held by senior execs had been “rendered worthless” following SVB UK’s "near-collapse.”
FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders
18.3.2023
According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its conglomerate of firms have debts of around $11.6 billion...
SVB Financial Group Files for Chapter 11 Bankruptcy Protection to ‘Preserve’ Firm’s Value
17.3.2023
On March 17, 2023, SVB Financial Group, the parent company of Silicon Valley Bank, filed for Chapter 11 bankruptcy protection in the Southern District of New York. The company stated that it is no longer associated with Silicon Valley Bank (SVB) after the Federal Deposit Insurance Corporation...
Breaking: SVB Financial Group files for Chapter 11 bankruptcy
17.3.2023
SVB Financial Group, the former umbrella entity of Silicon Valley Bank, has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York to "preserve value."
SEC snubbed as Voyager wins court approval for sale to Binance US
8.3.2023
The ruling allows the crypto lender a path out of its bankruptcy, but it still has to undertake some due diligence with Binance US before the sale is final
SEC not allowed to punish Voyager advisers over bankruptcy token, says US judge
7.3.2023
The SEC claims the transactions involved with redistributing the funds to impacted Voyager account holders will trigger U.S. securities laws
SEC objection to Voyager-Binance.US deal questioned by US judge
3.3.2023
A U.S. judge scolded the SEC over its non-specificity on its objection to Voyager’s restructuring deal and asked for specifics on its concerns
Crypto Lender Celsius to Be Acquired by Novawulf, Exiting Chapter 11
16.2.2023
Crypto lender Celsius’ committee of unsecured creditors has chosen the digital asset investment firm Novawulf Digital Management to sponsor the company’s reorganization plan, according to a statement published on Wednesday. The proposed agreement would enable Celsius to exit...
FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings
31.1.2023
FTX debtors have filed a motion with the court requesting to dismiss its Turkish subsidiaries from the Chapter 11 bankruptcy proceedings. The defunct crypto exchange’s lawyers believe dismissing the entities “is in the best interests” of creditors, and FTX debtors do not believe...
Unredacted Financial Documents Show Blockfi’s $1.2 Billion Connection With FTX, Alameda Research
25.1.2023
Unredacted documents mistakenly sent to the bankruptcy court indicate that the now-defunct crypto lender Blockfi had more than $1.2 billion tied up with FTX and Alameda Research. The accidentally revealed documentation shows that Blockfi’s exposure to the bankrupt crypto firm FTX was more than what...