Crypto Broker Genesis Prepares to File for Bankruptcy
Genesis crypto broker plans to file for bankruptcy by the end of this week.
Bankruptcy - page 2
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Customers of US Bank Silvergate Withdrawn Over $8bn of Crypto-Linked Deposits
Customers of the American bank Silvergate have withdrawn more than $8 billion from their cryptocurrency-related deposits. About 65% of Silvergate’s customers have withdrawn their deposits in the last three months of 2022.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 […]
Another Crypto Bankruptcy: BlockFi Sees Its Business Fall Apart
FTX collapse keeps triggering the domino effect in the crypto industry. BlockFi, which addressed FTX for a $400 million credit earlier this year, has filed for bankruptcy
Genesis Is in Hot Water but Doesn’t Plan Bankruptcy Yet
FTX sudden collapse has sent ripples across the crypto industry. Will Genesis become the next in line for a bankruptcy filing?
What’s Up with FTX? Creditors and Investors Hold their Breaths
Fresh data reveals a more detailed overview of FTX’s financial problems
Bahamian Authorities Say FTX’s US Bankruptcy Filing Is Invalid
The provisional liquidator overseeing the FTX Digital Markets bankruptcy proceedings in the Bahamas claims FTX cannot file for bankruptcy in the US without his approval
Fresh Scandals Surround FTX Bankruptcy: Fraud and Hacks are Among Them
Allegedly, Alameda Research misused billions of dollars from FTX customers’ accounts. Besides, over $370 million worth of crypto funds appears to be missing in a possible hack
FTX US wins auction for Voyager Digital’s assets
Voyager has completed an auction under its chapter 11 bankruptcy proceedings, with FTX US securing the winning bid
Another crypto collapse: Voyager goes bankrupt
US cryptocurrency broker and lender Voyager Digital filed for bankruptcy protection due to “volatility and contagion” in the market
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