[Jul 12, 2023 9:00 AM] Bankrupt cryptocurrency lender, Celsius Network, has filed a lawsuit against Liquid Staking Platform StakeHound. The crypto lender claims that Stakehound allegedly owes $150 million worth of tokens, including ether (ETH), Polygon’s MATIC…
[Jul 11, 2023 1:32 PM] Users affected by the bankruptcy of FTX or certain subsidiaries have the option of filing a proof of claim through Kroll’s online customer form and via U.S. mail.
[Jul 11, 2023 5:39 AM] As the Mt. Gox repayment deadline scheduled for October approaches, crypto observers expect a major industry event coming up this fall.
[Jul 6, 2023 2:53 AM] The state's financial regulator accused the U.S. firm of violating multiple state laws, and was looking to explore settlement avenues, court filings show.
[Jul 6, 2023 2:51 AM] Multiple defunct crypto companies are now scrambling to resolve complex financial ties as they seek to repay creditors and customers
[Jul 3, 2023 2:31 PM] The founders of the hedge fund that filed for bankruptcy last year have started an exchange for creditor claims, which is seeing $50 million in trading volume, said Davies.
[Jun 29, 2023 10:30 PM] Failed crypto exchange FTX has unexpectedly halted the sale of its stake in the artificial intelligence (AI) startup Anthropic. The stock has been viewed as a source of funds that can be used to compensate customers who suffered losses as a result…
[Jun 29, 2023 1:30 PM] FTX management is actively seeking potential participants to revive the formerly defunct crypto exchange, as reported by sources knowledgeable about the situation. CEO John J. Ray III and other FTX executives have reportedly engaged in preliminary…
[Jun 27, 2023 9:31 AM] The fund founded by Su Zhu and Kyle Davies suffered big losses on the collapse of the Terra ecosystem starting in May 2022 and took on additional leverage despite already being insolvent, the liquidators say.
[Jun 23, 2023 2:26 AM] The regulator agreed to forego the payment, owed as part of a settlement of charges against BlockFi, to maximize and speed up payments to investors.
[Jun 22, 2023 5:30 PM] After a Hollywood dinner party, hundreds of millions of dollars of “avoidable” transfers were sent from Alameda to investment firm K5 Global, the suit alleges.
[Jun 21, 2023 2:56 AM] The bankruptcy plan explained that holders of allowed debtor-in-possession claims would receive full and final satisfaction of their claims.
[Jun 21, 2023 12:01 AM] The legal fees charged in the first months of FTX’s bankruptcy have been examined by an auditor, who has confirmed the case is “on track to be very expensive.”
[Jun 20, 2023 1:00 AM] Chamath Palihapitiya, CEO of VC company Social Capital, has warned about a looming crisis in equity markets due to the issuance of low-interest debt. According to Palihapitiya, this might be the “biggest business secret hiding in plain sight…
[Jun 18, 2023 12:30 PM] Twitter users have been engaged in a lively discussion about the possibility of a reboot for the FTX estate, following recent reports in late May. Opinions on the matter are divided, with opponents of the idea expressing their reservations, while…
[Jun 16, 2023 5:30 PM] Bittrex US, the now-defunct cryptocurrency exchange in the United States, has recently introduced a plan that permits American customers to withdraw crypto and fiat from the platform, provided they satisfy the required regulatory criteria. This…
[Jun 15, 2023 5:30 PM] Amid the regulatory crackdown in the United States, the bankrupt crypto lender Celsius has announced that all of its customers’ “altcoins” will be converted to bitcoin (BTC) and ethereum (ETH). Over $215 million worth of coins…
[Jun 15, 2023 3:43 PM] Both regulatory bodies are inquiring into the activities of Goldman Sachs during its unsuccessful capital raise preceding the downfall of Silicon Valley Bank.
[Jun 15, 2023 6:50 AM] The crypto lender has proposed converting all its altcoin holdings into Bitcoin and Ethereum to quell growing regulatory concerns and maximize the value of its assets.
[Jun 14, 2023 5:30 PM] Shortly after the custodian Bitgo announced its acquisition of the company Prime Trust, its payments subsidiary, a firm called Banq, filed for Chapter 11 bankruptcy protection in the United States. According to court documents, the filing reveals…
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