3AC Founders Launch Crypto Firms Bankruptcy Claims Exchange
3AC founders refuse to comply with subpoena, launch bankruptcy claims trading exchange instead.
Bankruptcy - page 2
Genesis and Creditors Gemini Reach $100 Million Agreement
Gemini and Genesis reach $100 million agreement over Earn program.
BlockFi Gets Court Approval to Sell Crypto Mining Assets
The crypto bankrupt BlockFi received a court approval to sell off its crypto-mining equipment to repay creditors. The firm is expected to conduct the auction asap, while the market faces upheaval
Crypto Broker Genesis Prepares to File for Bankruptcy
Genesis crypto broker plans to file for bankruptcy by the end of this week.
FTX Reports $415M in Hacked Crypto
The bankrupt FTX crypto exchange reported in a report to creditors that about $ 415 million in cryptocurrency was stolen as a result of hacks.
Collapsed Crypto Hedge Fund Founders Want $25 Million for New Project
Founders of the now-bankrupt Three Arrows Capital (3AC) are pitching a collaboration to cryptocurrency exchange CoinFLEX.
FTX Recovers over $5bn of Assets
The collapsed FTX crypto giant is recovering assets worth more than $5 billion.
Alameda and Federal Regulators Try Opposing Binance Purchase of Voyager Assets
Binance.US has been granted permission to proceed with the purchase of Voyager’s assets. U.S. Bankruptcy Judge Michael Wiles in New York said that efforts will be made to expedite a U.S. national security review of the deal. U.S. crypto lender Voyager Digital announced that it had filed for bankruptcy back in July, 2022. Voyager drew […]
U.S. Government Seizes SBF’s $465 Million in Robinhood Shares
Former CEO of FTX, the now-bankrupt cryptocurrency exchange and hedge fund, filed a request to keep his shares of trading platform Robinhood, in order to pay legal fees. The U.S. Department of Justice (DOJ) has now seized the shares, valued at roughly $465 million, as the stake wasn’t part of the FTX bankruptcy estate. Sam […]
Customers of US Bank Silvergate Withdrawn Over $8bn of Crypto-Linked Deposits
Customers of the American bank Silvergate have withdrawn more than $8 billion from their cryptocurrency-related deposits. About 65% of Silvergate’s customers have withdrawn their deposits in the last three months of 2022. The bank sold its assets worth $5.2 billion. This decision was made by a financial institution to cover expenses. Also, the sale of […]
Cascade of Bankruptcies: Crypto Empire DCG Shuts Wealth-Management Division
Financial interplay, 30% staff layoffs, federal prosecution, suspended withdrawals, and a public feud between the founders. Another cryptocurrency conglomerate joins the growing list of troubled industry giants. With reportedly over $3.5 billion in assets, Digital Currency Group (DCG), parent company Grayscale Investments, crypto brokerage Genesis, and publication CoinDesk, closes its wealth-management division, HQ Digital. Investigation […]
NY Attorney General Sues Celsius Ex-CEO for ‘Duping’ Investors Out of Billions in Crypto
Former CEO and co-founder of Celsius Network, Alex Mashinsky, faces a lawsuit for defrauding hundreds of thousands of investors, including 26,000 New Yorkers. NY AG Letitia James isn’t just seeking damages for victims, she’s also determined to permanently bar Mashinsky from trading and operating a business in New York. Celsius Network operated as a global […]
Bankruptcy for giants: major banks that underestimated the risks and left the market
Top 3 banks that were declared insolvent
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