Bankruptcy - page 2

News

Regulators Close Crypto-Focused Signature Bank

In the US, regulators have decided to close the New York-based Signature Bank, which is one of the largest lenders in the crypto industry.

Blockchain & Crypto

Celsius Creates “Convenience Class” of Creditors, Limits Claims to $5,000

A “Convenience Class” of Celsius creditors will receive a “one-time distribution of liquid crypto” paid in form of Bitcoin, Ether, and USD Coin.

Finance & Economics

3AC Founders Launch Crypto Firms Bankruptcy Claims Exchange

3AC founders refuse to comply with subpoena, launch bankruptcy claims trading exchange instead.

Blockchain & Crypto

Genesis and Creditors Gemini Reach $100 Million Agreement

Gemini and Genesis reach $100 million agreement over Earn program.

Blockchain & Crypto

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

News

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.

News

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.

Finance & Economics

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 […]

Finance & Economics

Customers of US Bank Silvergate Withdrawn Over $8bn of Crypto-Linked Deposits

Customers of the American bank Silvergate have withdrawn more than $8 billion from their cryptocurrency-related deposits. About 65% of Silvergate’s customers have withdrawn their deposits in the last three months of 2022.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 […]

News

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 […]