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Celsius 'Earn' Assets Belong to Bankrupt Crypto Lender, Judge Rules
5.1.2023
A federal judge ruled that customers of Celsius's interest-bearing "Earn" product had turned over control of their assets to the bankrupt crypto lender, meaning they are now part of the company's bankruptcy estate
Bahamas Regulator Disputes FTX’s Claim About Value of Seized Cryptocurrencies
5.1.2023
The Securities Commission of the Bahamas has disputed FTX’s claim that the value of the cryptocurrencies it seized from the bankrupt crypto exchange was not $3.5 billion. The new FTX chief’s “continued lack of diligence when making public statements concerning the Commission...
Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius
4.1.2023
Core Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according to an agreement between the two bankrupt firms. Celsius owes Core Scientific approximately $7.8 million for energy and hosting costs, as the crypto lender has been unable to make...
Bankrupt Crypto Exchange FTX to Start Letting Customers in Japan Withdraw Funds
1.1.2023
FTX customers in Japan will soon be able to withdraw their funds that are currently frozen due to the bankruptcy process. Two FTX-owned crypto exchanges, FTX Japan and Liquid, are developing a system to allow withdrawals by mid-February. FTX’s Japanese Customers Can Withdraw Funds Soon...
CFIUS Plans to Review Any Deals Made By Bankrupt Crypto Lender Voyager
30.12.2022
The review could impact the completion, timing and terms of any such deals, CFIUS said
BlackRock Gives Bankrupt Bitcoin Miner Core Scientific New $17M Loan
30.12.2022
BlackRock, which already was largest shareholder of the miner, also had $37.9 million secured convertible notes with Core
Elon Musk: Twitter No Longer in Fast Lane to Bankruptcy
26.12.2022
Tesla CEO and Twitter chief Elon Musk has confirmed that the social media company is no longer “in the fast lane to bankruptcy.” Nonetheless, the billionaire emphasized that there is still much work to do on the platform. “But overall it seems to be going in a good...
First Mover Americas: One of The Largest Bitcoin Miners Goes Bankrupt
21.12.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 21, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
First Mover Americas: Bankrupt BlockFi Asks US Court to Greenlight Withdrawals
20.12.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 20, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Binance.US Announces $1 Billion Acquisition of Bankrupt Crypto Company Voyager Assets – This is What You Need to Know
20.12.2022
Binance.US, the American franchise of the global crypto exchange Binance, will buy up remaining assets from the now-bankrupt crypto lender Voyager Digital as part of a newly announced and surprising deal.
The deal between the two companies values Voyager at about $1bn, and means that Binance.US...
Bankrupt Crypto Lender BlockFi Looks to Restart Certain Customer Withdrawals
20.12.2022
The crypto lender clarified any digital assets held in wallets on the platform "unambiguously" belong to the customers
FTX warns it will claw back political donations and contributions
20.12.2022
The exchange warned those who received payments from FTX or its former executives that it's looking to recover funds even if they were donated to charity
$1.7M of Bitcoin tied to QuadrigaCX reawakens after years of dormancy
20.12.2022
The wallets were thought to be inaccessible following the death of the exchange's founder in 2018, as he had sole responsibility for the wallet's private keys
Binance.US Agrees to Buy Voyager's Assets for $1.02B
19.12.2022
The agreement comes after CoinDesk had reported last month that Binance was preparing a bid for Voyager's assets
Arthur Hayes: Bitcoin bottomed as 'everyone who could go bankrupt has gone bankrupt'
12.12.2022
Former BitMEX CEO thinks the Bitcoin price could have reached the bottom after most of the “irresponsible entities” have all run out of Bitcoin to sell
Talks of Issuing a New FTT Token Fuel Coin’s Price Despite FTT’s Broken Tokenomics Scheme
10.12.2022
Roughly 29 days ago FTX filed for bankruptcy, and the crypto ecosystem has been dealing with a rollercoaster ride of market fluctuations and community drama ever since then. Moreover, the now-bankrupt crypto trading platform’s exchange token FTT is still trading above $1 per unit, and it managed...
Judge Orders Bankrupt Crypto Lender Celsius to Return $50 Million to Customers – Here’s What Happened
8.12.2022
A US judge in the Celsius Networks bankruptcy case ordered the lender to return crypto worth $50 million to users of custody accounts (only), Bloomberg reported.
Judge Martin Glenn delivered the order verbally in a hearing on Wednesday. Per the report, this cryptocurrency “never touched...
Bitcoin Miner Marathon Expects to Recover Less Than Half Its Deposit From Bankrupt Compute North
6.12.2022
The miner paid $50 million initially, $8 million of which was written off and only about half of the rest are expected to be recovered
Galaxy Digital Agrees to Buy Some Assets From Bankrupt Crypto Lender Celsius
2.12.2022
GK8 was put on the block following Celsius's bankruptcy
Bankrupt Crypto Firm BlockFi Sues FTX Founder Sam Bankman-Fried For $580 Million
29.11.2022
Bankrupt crypto lender BlockFi is suing FTX's founder Sam Bankman-Fried to seize shares in the US trading platform Robinhood, allegedly pledged as collateral by the former FTX CEO just days before the exchange notoriously imploded....
Read More: Bankrupt Crypto Firm BlockFi Sues FTX Founder...