Search
Crypto Exchange Bitgrail Founder Accused by Italian Police of Faking Hacks That Led to Company’s Bankruptcy
23.12.2020
Italian police accused a man who ran a cryptocurrency exchange of being responsible for a series of hacks that caused millions in losses as part of an alleged massive fraud scheme. Italian Authorities Accuse Bitgrail Owner of Faking Hacks That Led Exchange’s Bankruptcy According to Reuters...
Here’s What Happened at Crypto Lender Cred’s Latest Bankruptcy Hearing
19.12.2020
Judge John Dorsey of the Delaware Bankruptcy Court rejected a motion to appoint a Chapter 11 trustee to oversee Cred’s restructuring
Mt. Gox Trustee Submits Rehabilitation Plan — Creditors May Soon Be Repaid 150,000 Bitcoins
16.12.2020
Mt. Gox trustee Nobuaki Kobayashi has finally submitted a draft rehabilitation plan to a Japanese court — meaning former users of the long-defunct crypto exchange may now look forward to getting paid someday. Kobayashi, the Japanese bankruptcy lawyer appointed to oversee the repayment...
Judge rejects motion to freeze Cred's crypto assets in bankruptcy case
26.11.2020
A U.S. bankruptcy judge has rejected a motion to freeze the assets of beleaguered crypto lending service that was filed by its users
Christine Lagarde: ‘The European Central Bank Cannot Go Bankrupt or Run Out of Money’
24.11.2020
In remarks that highlight flaws of the fiat currency system, the European Central Bank (ECB) president, Christine Lagarde, says the institution cannot go bankrupt even if it incurs losses running into trillions. According to Lagarde, normal bankruptcy rules do not apply to the ECB primarily because...
Bad Loans, Bad Bets, Bad Blood: How Crypto Lender Cred Really Went Bankrupt
12.11.2020
Cred’s bankruptcy filing mainly blames fraud by an outside party. The full picture painted by former employees is more complex, and highlights the risks of the budding crypto lending market
The Case for Bitcoin Banking (Despite Cred’s Bankruptcy)
10.11.2020
The failure of a Bitcoin bank reinforces the merit of a Bitcoin-based financial system, says our columnist
Blockchain Bites: Figure Files for Banking Charter, Cred for Bankruptcy
9.11.2020
Also: Ripple is opening a new office in Dubai and President-elect Joe Biden mulls two crypto-friendly potential cabinet picks
Cred customers demand answers after platform files for bankruptcy
9.11.2020
“We just want to know that our funds are safe,” said one Cred user
Crypto Lender Cred Files for Bankruptcy
8.11.2020
In October, the lender published a cryptic letter saying that it has experienced “irregularities” in the handling of “specific” corporate funds by a “perpetrator of fraudulent activity.”
Quadriga CX Trustee Raises $30 Million for Reimbursements to Creditors, Claimants Want $171 Million Instead
7.11.2020
The trustee of the now-defunct crypto exchange, Quadriga CX says the sell-off of the platform’s assets raised $30 million. This contrasts with the $171 million in claims that has been filed with the trustee by Quadriga creditors. Consequently, Ernst and Young (EY), the accounting firm...
Hedge Funds Failures, Bankruptcies and Pandemic Fatigue
26.10.2020
As cases rise and the U.S. settles in for a fresh wave of COVID-19, the economic fallout from round one is still being felt, from hedge funds to bankruptcies and beyond
Why Are Execs of Bankrupt Companies Being Rewarded With Millions?
14.7.2020
It’s hard to tell people not to be angry with capitalism when the system is rewarding failure with millions of dollars in bankruptcy bonuses
Inequality, Social Chaos, Bankruptcy Rallies: The Best Insights From FinTwit June 2020
9.7.2020
From the "Robinhood Rally" to the most profit-disconnected stock market in history, these are the most interesting ideas from FinTwit last month
Crypto.com’s Card Issuer Wirecard Files for Bankruptcy
25.6.2020
Before Wirecard's insolvency filing, Crypto.com and TenX said customer funds were unaffected by their partner's accounting scandal
Blockchain Company Factom Inc. Files for Chapter 11 Bankruptcy
19.6.2020
Factom Inc.'s board has presented a proposal for restructuring the business, which will now be assessed by the administrators
Patrick Byrne
7.6.2020
Patrick Byrne was the CEO of Overstock.com, one of the earliest online retailers to accept bitcoin as payment. Overstock.com is the parent company of blockchain investment firm Medici Ventures and capital markets platform tZERO. Byrne bought Deals.com in 1999 and rebranded the international...
Safety Check: If Crypto Custodian Fails, Clients May Not Get a Full Payout
7.6.2020
Crypto exchanges — not segregating blockchain addresses — could lead to ownership disputes in the event of insolvency, research says
Report: Bankruptcy Law Can Be Unclear When Crypto Custodians Go Belly Up
1.6.2020
The past few years have seen a glut of cryptocurrency exchanges becoming insolvent. But what legal rights do their customers have with regards to the return of their held assets?
Gox Rising Offers $800 per Bitcoin Claim to Buy out Mt Gox Creditors
22.5.2020
Gox Rising has offered to buy out creditor claims from the collapsed cryptocurrency exchange Mt. Gox. The Brock Pierce-led outfit will pay $800 per bitcoin claim, either in BTC or cash, to creditors who are unwilling to wait for the finalization of the ongoing civil litigation. “Our payment...