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Bankrupt Crypto Lender Celsius Transfers $75M of Ether to Staking Service Figment
15.5.2023
The maneuver represents one of the largest transfers of funds for Celsius Network since it filed for bankruptcy protection in July
Bankrupt QuadrigaCX Exchange to Commence 'Interim Distribution' of Funds
10.5.2023
The bankrupt Canadian crypto exchange QuadrigaCX is set to commence an “interim distribution” of funds to creditors, despite only a fraction of the missing funds being recovered.
“In the coming weeks, the Trustee intends to post a Notice to Affected Users providing details about the manner...
Bankrupt crypto exchange QuadrigaCX to start 'interim distribution' of funds
9.5.2023
Despite their best efforts, bankruptcy trustees have only managed to recover a fraction of the $160 million ($215 million Canadian) owed to creditors
Bankrupt Crypto Exchange QuadrigaCX Will Start Interim Distribution for Some User, EY Says
9.5.2023
EY will make the procedure to file the claims public in the coming weeks
Bankrupt Crypto Lending Firm Celsius Targeted for Acquisition by Apollo and NovaWulf
9.5.2023
Apollo Global Management is reportedly part of a bid by crypto investment firm NovaWulf to acquire the bankrupt crypto lender Celsius Network.
On April 30, Celsius named several companies interested in buying the lender, including NovaWulf, Fahrenheit LLC, and the Blockchain Investment Recovery...
Private-Equity Giant Apollo Is Part of a Bid to Buy Bankrupt Crypto Firm Celsius
8.5.2023
The $500 billion-plus firm is involved in NovaWulf's offer for Celsius, according to a person familiar with the matter
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
FTX advisors billed the bankrupt firm for a whopping $103M in Q1
3.5.2023
After Sullivan & Cromwell, Consulting firm Alvarez & Marsal billed the second largest invoice for its finance and accounting work
Taylor Swift Rejected Crypto Exchange FTX’s Sponsorship Offer Over Unregistered Securities Concerns
20.4.2023
Taylor Swift, a pop icon and 12-time Grammy Award winner, reportedly turned down a $100 million sponsorship offer from the now-bankrupt cryptocurrency exchange FTX due to concerns about unregistered securities. A number of FTX celebrity endorsers are currently facing a class action lawsuit...
Tribe Capital considers reviving bankrupt crypto exchange FTX: Report
18.4.2023
The venture capital company is reportedly considering spearheading a fundraising campaign to raise $250 million to revive FTX
New R&D tax rules could bankrupt your blockchain startup
11.4.2023
A change to R&D tax rules means that a tech company could lose more than $1 million — but still be on the hook for hundreds of thousands in taxes
Bankrupt Crypto Lender BlockFi to Refund More Than $100K to California Clients
27.3.2023
The company will distribute more than $100,000 in loan repayment refunds through its servicer to former clients, pending bankruptcy court approval
Bankrupt Crypto Lender BlockFi Given Go-Ahead for Sale of $4.7M of Mining Rigs
24.3.2023
BlockFi filed for bankruptcy in the wake of FTX's collapse
Bankrupt Crypto Lending Platform BlockFi Faces Potential $227 Million Loss in Uninsured Funds at Silicon Valley Bank – What's Going On?
11.3.2023
Bankrupt crypto lender BlockFi has $227 million in uninsured funds stuck in an account maintained by failed lender Silicon Valley Bank.
According to a March 10 filing by the Justice Department, BlockFi has $227 million parked in a money market mutual fund, which isn’t insured by the Federal...
Largest Creditor of Bankrupt Mt. Gox Exchange to Hold Onto Returned Bitcoin – Huge Selling Pressure Averted?
9.3.2023
In another installment of the bankruptcy proceedings related to defunct cryptocurrency exchange Mt. Gox, the Mt Gox Investment Fund, the largest creditor of the failed platform, is not planning to sell the tokens that it is to receive later this year.
A person familiar with the fund’s activities...
Bankrupt Crypto Lender Celsius Network Pursues New Buyer Despite Existing Offer – What's Going On?
9.3.2023
The bankrupt cryptocurrency lender, Celsius Network, is reportedly pursuing more bids and exploring new buyers despite having an offer on the table.
During a bankruptcy court hearing in Manhattan, Celsius attorney Chris Koenig said the company remains open to better offers, per a report by...
Bankrupt Crypto Lender Celsius Re-Opens Withdrawals for Certain Custody Accounts
3.3.2023
Celsius paused withdrawals last June, citing extreme market conditions
Binance US Refutes Reports Comparing It to Fraudulent Crypto Exchanges
20.2.2023
Binance US has refuted reports that draw parallels between it and “fraudulent exchanges that have gone bankrupt.” The U.S.-based crypto trading platform stressed that “only Binance.US employees” have access to its bank accounts, denying the allegation that global crypto...
Democrats to Return 2.2% of $45.2 Million Donation Made by FTX’s Co-Founder Sam Bankman-Fried
19.2.2023
After the disgraced co-founder of FTX, Sam Bankman-Fried (SBF), donated $5.2 million to Joe Biden’s campaign in 2020 and more than $40 million to Democrats leading up to the U.S. midterm election cycle, three major Democratic organizations plan to return 2.2% of the funds, or $1 million,...
FTX Warns Community of Phony ‘Debt Tokens’ and Scams Claiming to Be Affiliated With the Bankrupt Exchange
19.2.2023
On Friday, debtors who control the official FTX Twitter account warned the community to “be on alert for scams from entities claiming to be affiliated with FTX.” They also noted that neither FTX debtors nor any entity related to the company has issued any IOU crypto assets...