12 / 21 Relevant items tagged with #Bankruptcy

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U.S. Crypto Exchange Bittrex Files for Bankruptcy in Delaware

[May 8, 2023 3:38 PM] Crypto exchange Bittrex has filed for bankruptcy in the U.S. state of Delaware, months after announcing it would wind down operations in the country and weeks after being sued by the Securities and Exchange Commission.

Voyager Digital Plans to Liquidate Assets, Wind Down After Sale Dreams Crushed

[May 5, 2023 3:36 PM] Lawyers for Voyager Digital say the bankrupt crypto lender will self-liquidate its assets and wind down operations after failing to clinch a deal on a sale to either FTX US or Binance.US.

Eligible Celsius users can withdraw all 'Distributable Custody Assets' following court approval

[May 5, 2023 3:15 PM] Certain Celsius users, largely those who only ever held funds in custody accounts, had previously been limited to withdrawing up to 94% of their funds.

Voyager creditors could start seeing funds in the ‘next few weeks’

[May 4, 2023 7:00 PM] The bankrupt crypto brokerage has entered the final stages of liquidation procedures after Binance abandoned its acquisition deal last week.

FTX bankruptcy judge approves sale of LedgerX

[May 4, 2023 1:30 PM] The judge said he read all the papers and declarations related to the FTX debtors’ motion for the sale of LedgerX and was “satisfied” with the proceedings.

FTX seeks to claw back $4B from Genesis in a battle of the bankrupt

[May 3, 2023 5:39 PM] The bankrupt crypto exchange wants to recoup billions from the bankrupt crypto lender claiming it was “instrumental” to FTX’s “fraudulent” business model.

FTX Seeks to Claw Back Nearly $4B in Ongoing Bankruptcy Case

[May 3, 2023 3:48 PM] Bankrupt crypto exchange FTX wants to claw back nearly $4 billion in funds from similarly bankrupt Genesis Global Capital, the company said in a court filing Wednesday.

Celsius CEO Mashinsky Denies ‘Baseless’ Fraud Claims by New York State

[May 3, 2023 6:00 AM] Attorney General Letitia James said Mashinsky misled investors about the health of the now bankrupt crypto lender.

3AC Founders’ OPNX Exchange Formally Reprimanded by Dubai Crypto Regulator

[May 2, 2023 4:12 AM] The action by the Virtual Assets Regulation Authority targeting Kyle Davies, Su Zhu and others follows two cease-and-desist letters for operating an unregulated exchange.

Celsius Seeks to Merge UK, U.S. Entities Amid Allegations Distinction Was a ‘Sham’

[May 2, 2023 1:36 AM] Resolving the company’s murky corporate design could prove key to recoveries for customers and Series B investors.

2nd biggest US bank failure — 5 things to know in Bitcoin this week

[May 1, 2023 3:15 AM] The failure of First Republic Bank marks a volatile beginning to a busy macroeconomic week, while Bitcoin already faces downside pressure.

Gemini ‘supportive’ of Genesis mediation, but frustrated over pacing

[Apr 30, 2023 6:29 PM] Genesis is starting a 30-day meditation with its key creditors as its bankruptcy proceedings are close to hitting the four-month mark.

Fed, NYDFS assess their supervisory performance after March’s big bank failures

[Apr 28, 2023 3:39 PM] Internal reviews of the supervision of Silicon Valley Bank and Signature Bank have been released, showing weaknesses on the part of the banks’ regulators as well as management.

Genesis Bankruptcy Parties Agree to 30-Day Mediation Period

[Apr 28, 2023 8:01 AM] The process can start once the parties agree on a mediator and submits an order to the U.S. bankruptcy court.

Amid Bankruptcy, Core Scientific Signs Bitcoin Mining Hosting Contracts for Almost 18,000 Machines

[Apr 28, 2023 7:00 AM] The miner signed deals with three firms to host rigs in sites where the Celsius Mining fleet was recently unplugged from.

Voyager Lawyers ‘Surprised’ Binance.US Canceled $1B Deal

[Apr 26, 2023 10:05 AM] Creditors can expect to receive between 40 and 65% recoveries, ideally in crypto, a bankruptcy court heard

Out of Compute North’s Bankruptcy Rises 300MW Bitcoin Miner With Novel Energy Offering

[Apr 26, 2023 7:00 AM] Born out of the ashes of the Compute North bankruptcy, the new venture aims to give clients control over their energy strategy.

Binance US Pulls the Plug: Voyager Purchase Deal Falls Through

[Apr 25, 2023 3:30 PM] According to the now-defunct crypto lender Voyager, Binance US sent a letter to the company “terminating the asset purchase agreement.” While the announcement was “disappointing” for Voyager, the firm maintained that its…

Binance.US backs out of $1B Voyager asset purchase, blames regulatory environment

[Apr 25, 2023 2:59 PM] The parties got the go-ahead on the deal last week after overcoming several objections, but Binance.US changed its mind.

FTX's LedgerX Derivatives Exchange Sold to Miami International Holdings in Bankruptcy Auction

[Apr 25, 2023 2:35 PM] FTX.US last purchased Ledger Holdings, the parent company of LedgerX, for $298 million in October 2021, according to audited financial documents viewed by CoinDesk.

Voyager Digital Says Binance.US Sent Letter Terminating $1B Asset Buy Deal

[Apr 25, 2023 12:10 PM] The crypto lender said it will return value to customers via direct distribution.

Genesis settlement disrupted by new creditor demands, DCG says

[Apr 25, 2023 7:57 AM] Under the initial settlement plan, Genesis creditors were expected to receive 80% recovery of funds lost due to the bankruptcy.

Genesis Files for Mediator Assistance Over Amount of DCG Contribution to Reorganization

[Apr 25, 2023 6:55 AM] The move by Genesis creditors comes months after they had appeared to reach an initial agreement with Genesis-owner DCG.

Celsius auction has Gemini and Coinbase as new bidders: Report

[Apr 23, 2023 3:21 PM] Two new consortiums will dispute the assets of bankrupt crypto lender Celsius Network in an auction scheduled for April 25 in New York.

Former US Secret Service Asst. Director: Keep personal info of FTX users private

[Apr 21, 2023 3:40 PM] Jeremy Sheridan claimed FTX users could become the targets of physical harm as well as attacks through online scams if their information was disclosed.

3AC founders' OPNX exchange claims to be funded by AppWorks, SIG, MIAX Group

[Apr 21, 2023 1:27 PM] DeFi firm Nascent was also claimed as a backer, but it has clarified that it only bought FLEX tokens from the company’s previous incarnation.

Susquehanna, DRW Are Among Backers of Bankruptcy Claims Exchange OPNX, the Firm Tweets

[Apr 21, 2023 9:35 AM] Other investors include U.S. options exchange MIAX Group and Saudi digital asset fund Tuwaiq, OPNX said Friday.

Crypto lender BlockFi is granted extra time to file Chapter 11 exit plan

[Apr 20, 2023 7:17 AM] BlockFi was granted a 48-day extension by a New Jersey bankruptcy judge to submit an exit plan, exploring a potential sale of company assets and restructuring.

U.S. Government Allows the Bulk of Voyager-Binance.US Deal to Proceed

[Apr 20, 2023 3:09 AM] A new court filing suggests non-contentious elements of the $1 billion deal could go ahead even before an appeal is heard.

Voyager’s $1B deal with Binance.US moves forward after deal with Feds

[Apr 19, 2023 10:01 PM] The bankrupt crypto lender struck a deal with the U.S. government and its $1 billion sale of cryptocurrencies to Binance.US has moved forward.