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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...
BlockFi Sent Out Reorganization Plan ‘Prematurely,’ Court Orders Them Withdrawn
23.5.2023
Bankruptcy cryptocurrency lender BlockFi took back statements it made earlier this month about a plan to reorganize which it said was done “prematurely.”
BlockFi released a “corrective letter to creditors” on Friday, directed by the court, asking them to disregard certain statements posted to...
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
Genesis Files for Mediator Assistance Over Amount of DCG Contribution to Reorganization
25.4.2023
The move by Genesis creditors comes months after they had appeared to reach an initial agreement with Genesis-owner DCG
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...
Compute North’s Reorganization Plan Approved by Bankruptcy Judge
16.2.2023
The hosting firm, one of North America’s largest, settled $250 million in secured debt and settled with about 11 companies
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...
Blockchain Analytics Firm Chainalysis to Cut Jobs in Reorganization
2.2.2023
The cuts will reportedly affect less than 5% of Chainalysis' staff, or about 40-50 people
Polygon primed for hard fork aimed at reducing gas fee spikes: New details revealed
15.1.2023
Polygon told Cointelegraph that the hard fork will take effect at block 38,189,056, which will be initiated without the influence of centralized actors
Bankrupt Crypto Lender Celsius Files Motion to Extend Submission Time for Reorganization Plan
10.11.2022
The bankrupt lender filed the motion so that it has more time to submit its reorganization plan
An Unknown Miner Commands More Than 51% of BSV’s Hashpower, Consecutive Strings of Empty Blocks Makes Chain Unreliable
23.10.2022
A single miner has managed to overtake a large portion of the Bitcoinsv (Bitcoin Satoshi’s Vision) blockchain capturing more than 80% of the hashrate on October 17. Today, the unknown miner’s hashpower commands around 54% of the Bitcoinsv’s computational power and during...
Celsius CEO Alex Mashinsky Resigns Amid Tumultuous Bankruptcy Proceedings
28.9.2022
On Tuesday, September 27, 2022, Celsius Network CEO Alex Mashinsky submitted a letter of resignation from the company. Mashinsky added that he still plans to help the embattled crypto lender “achieve a successful reorganization.” Alex Mashinsky Resigns From Embattled Celsius —...
Crypto Futures Exchange CoinFLEX’s Creditors to Own 65% of Firm After Reorganization
26.9.2022
CoinFLEX filed for a restructuring in the Seychelles during the summer after suspending withdrawals amid the volatile crypto market
Celsius Saga Continues: New Filings Reveal ‘Delusional’ Plan for ‘Standalone Reorganization’, Says a Lawyer
16.8.2022
The drama surrounding the troubled crypto lender Celsius (CEL) continues, with a new omnibus reply and a PowerPoint presentation that outlines plans for a “standalone reorganization” described by one lawyer as “delusional.”...
Read More: Celsius Saga Continues: New Filings Reveal ‘Delusional’ Plan...
Celsius Lays Out Mining-Focused Reorganization Plan at First Bankruptcy Hearing
19.7.2022
Bankruptcy proceedings for Celsius have officially begun – and the odds that depositors will get their money back look slimmer than ever
What is chain reorganization in blockchain technology?
29.5.2022
Chain reorganization means that blocks in your node's old longest chain will be deactivated in favor of blocks in the new longest chain
Ethereum’s Beacon Network Deals With a 7-Block Chain Reorganization
26.5.2022
On May 25, seven blocks were reorganized on Ethereum’s Beacon chain at 8:55:23 a.m. (UTC) at block height 3,887,075 all the way to block 3,887,081. The reorganization was discovered by Martin Köppelmann who noted the “current attestation strategy of nodes should be reconsidered...
Ethereum Beacon Chain experiences 7 block reorg: What's going on?
26.5.2022
“This reorg is not an indicator of a flawed fork choice, but a non-trivial segmentation of updated vs out of date client software” suggested Core Ethereum developer Preston Van Loon
An In Depth Look at Bitcoin’s First Chain Split: Satoshi Helps Reverse the Creation of 184 Billion BTC
15.8.2021
Since January 3, 2009, the Bitcoin network has been functional for 99.98662952015% of the time. However, the protocol has had a few hiccups along the way and on a few occasions, the chain split into two. Most people are well aware of the Bitcoin Cash split that took place on August 1, 2017, but...
Bitcoinsv Chain Suffers 51% Attack: Analyst Claims BSV Network Experienced a 100-Block Reorg
4.8.2021
Reports show that the Bitcoinsv blockchain suffered from a 51% attack on Tuesday, August 3, 2021, as the founder of Blockchair, Nikita Zhavoronkov explained the network endured a 100 block reorg “wiping out 570k transactions.” Onchain Observers Witness a Deep Bitcoinsv Reorg...