[Jan 10, 2023 8:43 PM] Digital Currency Group’s ongoing financial distress isn’t likely to cause much further strain on crypto prices, according to Galaxy Digital Holdings CEO Mike Novogratz.
[Jan 10, 2023 1:30 PM] Four U.S. Senators said Sullivan & Cromwell was "simply not in a position to uncover the information needed to ensure confidence in any investigation or findings" regarding FTX.
[Jan 9, 2023 2:45 PM] The company claimed that no members of the BlockFi management team had withdrawn any crypto from the platform since October 2022.
[Jan 9, 2023 2:00 PM] The bankrupt brokerage answered objections from a host of interested parties, claiming its information disclosures are adequate and so is its decision-making.
[Jan 9, 2023 12:30 PM] Following the court filing that shows FTX co-founder Sam Bankman-Fried (SBF) wants access to FTX’s $460 million in Robinhood shares, Delaware bankruptcy court documents show tens of millions were spent by the FTX team in 2022 on living…
[Jan 6, 2023 11:44 AM] The legal team confirmed the U.S. Departure of Justice was in the process of seizing the Robinhood shares but said SBF was “compelled to reply” given other claims.
[Jan 5, 2023 3:30 PM] The founders of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC) have been served subpoenas by the fund’s liquidators via Twitter. While serving subpoenas on Twitter is rare, it has happened on various occasions in the…
[Jan 5, 2023 10:37 AM] 3AC founders Zhu Su and Kyle Davies have been ordered to provide all documents in their possession or control, regardless of whether the information is held by them directly, or is in control of a third-party.
[Jan 5, 2023 2:30 AM] A New York bankruptcy court has ruled the deposits on high-interest-earning accounts belong to Celsius, the embattled former cryptocurrency lending firm, that filed for Chapter 11 bankruptcy protections in July. The decision establishes a precedent…
[Jan 4, 2023 4:39 PM] Officials reportedly told a bankrup judge they were in the process of seizing 56 million shares of Robinhood tied to FTX and its former CEO Sam Bankman-Fried.
[Jan 4, 2023 4:30 PM] Core Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according to an agreement between the two bankrupt firms. Celsius owes Core Scientific approximately $7.8 million for energy and hosting…
[Jan 4, 2023 3:45 PM] Judge Martin Glenn found the terms of use for the Earn program “unambiguous,” and besides that, treating account holders as unsecured creditors was more equitable.
[Dec 30, 2022 12:30 PM] Billions of dollars paid in the months leading up to the crypto exchange's bankruptcy may be returned to pay FTX's creditors, according to an insolvency attorney.
[Dec 28, 2022 11:30 AM] A group of customers are now suing FTX in an attempt to become the first to recover funds from the insolvent cryptocurrency exchange. The lawsuit, filed as part of the bankruptcy case in Delaware, seeks a court ruling recognizing that their…
[Dec 27, 2022 9:29 PM] An affidavit by the FTX founder revealed Alameda funded the purchase of Robinhood shares which were later used as collateral for Alameda to secure a loan from BlockFi.
[Dec 27, 2022 5:30 PM] Bitcoin miner Argo Blockchain announced that it requested the suspension of trading its company shares on Dec. 27, as the company expects to make an announcement on Wednesday, Dec. 28, 2022. The company’s stock has lost 96.34% year-to-date and on…
[Dec 25, 2022 5:30 PM] Tesla CEO and Twitter chief Elon Musk has confirmed that the social media company is no longer “in the fast lane to bankruptcy.” Nonetheless, the billionaire emphasized that there is still much work to do on the platform. “But…
[Dec 24, 2022 2:30 AM] The Bitcoin mining community took up massive loans during the 2021 bull market, negatively impacting their bottom lines during a subsequent bear market.
[Dec 22, 2022 10:18 AM] According to Louise Abbott, FTX users could claim in court that assets “remained their property at all times” and could be treated separately from bankruptcy proceedings.
[Dec 21, 2022 9:44 AM] Miners are in deep trouble due to increased hash rate and energy costs, but pro traders slightly added to their longs despite the recent BTC pullback.
[Dec 21, 2022 9:30 AM] On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to the filing, Core Scientific has roughly 1,000 to 5,000…
[Dec 21, 2022 6:32 AM] One of the largest bitcoin mining companies in the U.S. has filed for Chapter 11 bankruptcy protection.Core Scientific has officially filed for bankruptcy.The filing followed a decline in the firm’s operating performance and liquidity.The giant…
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