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FTX Examiner Appointment Referred to Court of Appeals by District Judge
30.5.2023
The U.S. government is pushing to have an independent inquiry into the crypto exchange despite concerns over cost
Gemini and Genesis Fight Back Against SEC Lawsuit, Seek Dismissal of Allegations
29.5.2023
Gemini Trust Company and Genesis Global Capital filed a court document on May 26, 2023, seeking the dismissal of a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The regulatory body had accused the two crypto firms of offering unregistered securities. Gemini and Genesis...
Digital Currency Group to Sunset Tradeblock, Cites ‘Regulatory Challenges’ and ‘Prolonged Crypto Winter’
26.5.2023
Digital Currency Group has revealed its decision to sunset its institutional trading platform, Tradeblock, on May 31, 2023. The company attributes the move to the “challenging regulatory environment” and the enduring effects of the “prolonged crypto winter,” signaling...
DCG’s Subsidiary TradeBlock Is Shutting Its Doors: Bloomberg News
26.5.2023
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
25.5.2023
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...
Fahrenheit wins bid to acquire assets of crypto lender Celsius
25.5.2023
The Arrington Capital-backed consortium outbid NovaWulf to acquire Celsius Network’s assets, while the Blockchain Recovery Investment Consortium serves as a backup bid
Fahrenheit Wins Bid to Acquire Assets of Insolvent Crypto Lender Celsius
25.5.2023
The Arrington Capital-backed grouping beat fellow bidder NovaWulf for Celsius’ assets, with the Blockchain Recovery Investment Consortium selected as back-up
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
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...
FTX 2.0 to launch soon? Court filing shows a reboot plan in the works
23.5.2023
The new FTX CEO has undertaken a series of meetings over the past month to work on the relaunch of the failed crypto exchange by entering in a bidding process
Core Scientific Hopes to Emerge from Bankruptcy by September, Lawyers Say
23.5.2023
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
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
MIAX completes acquisition of FTX subsidiary LedgerX
19.5.2023
The deal was announced in April and approved by the bankruptcy judge on May 4
FTX pursues $244M clawback from 'wildly inflated' Embed acquisition deal
19.5.2023
FTX lawyers want to claw back $243.7 million from Embed insiders and executives, claiming its former leadership paid a "wildly inflated" price for the company
U.S. Court Asked to Reverse Decision to Not Appoint Independent Examiner in FTX Bankruptcy
18.5.2023
A Delaware bankruptcy court judge denied a motion to appoint a neutral examiner to avoid a lengthy and costly investigation that would slow the progress of the bankruptcy proceedings
FTX leadership sues Sam Bankman-Fried over $220M deal made prior to bankruptcy
18.5.2023
When FTX tried to sell the platform after filing for bankruptcy, the top bid was for just $1 million, representing a 99.5% decline in value
Voyager Digital Customers Will Recover 35% of Their Crypto Deposits
18.5.2023
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...
Voyager bankruptcy plan approved, customers may recover 35.7% of claims initially
17.5.2023
The third try is a charm for the crypto brokerage, whose assets were almost bought by FTX and Binance.US. Now it’s just handing what it has over to its creditors
Fahrenheit Consortium Is Lead Bidder in Bankruptcy Auction for Celsius Assets
17.5.2023
The assets include a loan portfolio, mining rigs and infrastrsucture and cryptocurrency worth as much as $2 billion
Bittrex bankruptcy casts doubt over BNB & XRP, TMS Network shakes it off with a 1700% boost to the value
17.5.2023
Cryptocurrency exchange Bittrex recently filed for bankruptcy in the US, becoming the latest crypto venture to go bust. Bittrex pledged to return customer funds and wind down its US operations while continuing to operate overseas, citing the increasingly strong regulatory environment in the US...