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.
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.
A “Convenience Class” of Celsius creditors will receive a “one-time distribution of liquid crypto” paid in form of Bitcoin, Ether, and USD Coin.
3AC founders refuse to comply with subpoena, launch bankruptcy claims trading exchange instead.
Gemini and Genesis reach $100 million agreement over Earn program.
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
The bankrupt FTX crypto exchange reported in a report to creditors that about $ 415 million in cryptocurrency was stolen as a result of hacks.
Founders of the now-bankrupt Three Arrows Capital (3AC) are pitching a collaboration to cryptocurrency exchange CoinFLEX.
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Customers of the American bank Silvergate have withdrawn more than $8 billion from their cryptocurrency-related deposits. About 65% of Silvergate’s customers have withdrawn their deposits in the last three months of 2022.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 […]
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 […]
Top 3 banks that were declared insolvent
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