4 / 21 Relevant items tagged with #Bankruptcy

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Court Filing Shows Genesis Settled With NYAG, Aims to End Crypto Lending Platform Dispute

[Feb 10 1:00 PM] After settling with the U.S. Securities and Exchange Commission (SEC), Genesis Global has reportedly reached an agreement to settle with the Office of the New York Attorney General. The official had accused the company, along with its parent…

Genesis Seeks Approval to Sell $1.6B in Bitcoin, Ether Trust Holdings

[Feb 5 4:08 AM] Nearly $1.4 billion of Genesis’ assets were held in Grayscale Bitcoin Trust (GBTC), which has since converted to a spot exchange-traded fund (ETF).

Celsius to Distribute $3B Crypto to Creditors as Firm Emerges From Bankruptcy

[Jan 31 6:03 PM] The distribution will be made through PayPal and Coinbase.

FTX Expects to Fully Repay Customers but Won't Restart Defunct Crypto Exchange

[Jan 31 10:20 AM] Its FTT token surged nearly 11% after the news.

Terraform Labs Files for Bankruptcy in US Amid SEC Lawsuit

[Jan 22 10:30 AM] Terraform Labs has filed for Chapter 11 bankruptcy in the U.S. amid ongoing litigation with the U.S. Securities and Exchange Commission (SEC). The company stated in its bankruptcy filing that “funds will be available for distribution to…

FTX Sold About $1B of Grayscale's Bitcoin ETF, Explaining Much of Outflow: Sources

[Jan 22 9:24 AM] BTC's price has fallen since bitcoin ETFs were approved. In theory, now that FTX is done selling its substantial holdings, the selling pressure could ease since a bankruptcy estate liquidating holdings is a relatively unique event.

Bitcoin Miner Core Scientific Set to Emerge From Bankruptcy

[Jan 17 10:30 PM] Core Scientific has received the go-ahead from bankruptcy court for its reorganization, paving the way for the bitcoin mining giant to relist its shares on Nasdaq. Core Scientific Set for a Major Turnaround Core Scientific, Inc., a major bitcoin…

Sam Bankman-Fried's Parents Ask Court to Dismiss FTX's Lawsuit Seeking to Recover Funds

[Jan 17 12:55 AM] Joseph Bankman and Barbara Fried, the parents of Sam Bankman-Fried, have asked a court to dismiss a lawsuit by the bankrupt cryptocurrency exchange FTX seeking to recover funds it alleges were fraudulently transferred.

Bitcoin Miner Core Scientific to Emerge From Bankruptcy, Re-List Shares This Month

[Jan 16 4:05 PM] The bankrupt miner received court approval for its Chapter 11 reorganization plan and plans to re-list shares on Nasdaq end of January.

Celsius to Unstake Thousands of Ether, Possibly Easing ETH Selling Pressure

[Jan 5 2:55 AM] The defunct crypto lender sent over 30,000 ETH to custodian Fireblocks in the past week, some of which was deposited at crypto exchange Coinbase, data shows.

Mt. Gox Appears to Have Started PayPal Repayments Tied to 2014 Bitcoin Hack

[Dec 26, 2023 5:31 AM] Payments through bank accounts are still awaited.

Court Freezes $1 Billion of Assets of Three Arrows Capital Founders

[Dec 21, 2023 3:52 AM] The worldwide order by a British Virgin Islands court applies to founders Su Zhu, Kyle Davies and Davies' wife, Kelly Chen.

FTX's Bahamas Wing Reaches Agreement With U.S. Bankruptcy Team, Streamlining Future Actions

[Dec 19, 2023 10:18 AM] This deal will pave the way for assets to be be pooled and distributed to FTX.com customers.

DCG Can't Sell or Reduce Ownership of Genesis Until Bankruptcy Proceedings Close, Judge Rules

[Dec 19, 2023 4:17 AM] Genesis requested a New York bankruptcy court to bar ownership changes to secure tax benefits on around $700 million worth of operating losses.

Galaxy Digital Looking to Buy More Crypto Bankruptcy Assets After Deal to Sell FTX's Coins: FT

[Dec 18, 2023 10:54 AM] Mike Novogratz's firm is also interested in companies FTX invested in as a venture capital provider.

Hut 8 agrees to develop mining site to build equity with Celsius creditors

[Dec 18, 2023 5:54 AM] Hut 8’s new mining site in Cedarvale, Texas, will house almost 66,000 miners and will be powered by more than 215 MW of energy.

FTX Files Reorganization Plan to End Bankruptcy

[Dec 18, 2023 3:36 AM] Asset values for creditor claims will be calculated at prices on the day FTX filed for bankruptcy in November 2022, the plan says.

Safemoon Files for Chapter 7 Bankruptcy Protection Amid Securities and Wire Fraud Charges

[Dec 16, 2023 5:30 PM] In the latest development, Safemoon, a crypto company, voluntarily initiated Chapter 7 bankruptcy proceedings in the District of Utah, as stated in their bankruptcy documentation. This action comes on the heels of the company’s founders…

Solana Rally Sees FTX's Holdings Grow to $4.2B, Setting Claims Market on Fire

[Dec 15, 2023 8:13 AM] FTX’s SOL holdings are worth over $4.2 billion in today’s money, up from $1.16 billion from earlier this year.

Crypto Firm SafeMoon Files for Chapter 7 Bankruptcy, SFM Plunges 42%

[Dec 15, 2023 1:43 AM] The firm's executives were arrested last month on multiple charges.

FTX Bankruptcy Judge Takes Step to Shorten Timeline for Customers' Recoveries

[Dec 13, 2023 6:44 PM] A federal judge took steps to end a protracted dispute between FTX and its largest creditor at a bankruptcy hearing, signaling the court could try to speed up efforts to recover FTX customer's funds from the failed crypto firm's estate.

FTX Disputes IRS's 'Alice in Wonderland' Tax Claim

[Dec 12, 2023 7:03 AM] The U.S. government's claim for $24 billion in unpaid taxes by FTX has only one source – taking recoveries away from its victims, FTX said in a court filing.

FTX and Alameda move $23.59M in assets to Binance, Coinbase, OKX

[Dec 9, 2023 3:38 AM] The latest transfer of $23.59 million was spread across 19 tokens, including ETH, ALEPH, CRV, AVAX, LINK, DOGE, MATIC, UNI and SOL.

FTX to submit revised reorganization plan in mid-December

[Dec 7, 2023 6:39 AM] Bankrupt, defunct exchange FTX is preparing to present an updated reorganization plan to the court in mid-December.

Core Scientific explains its latest bankruptcy plan ahead of court date

[Dec 4, 2023 3:58 PM] If approved, this third version of the plan will go into effect on Jan. 5, 2024, and see the company add 372 MW in capacity by 2027.

FTX and Alameda transfers another $22M worth of crypto asset

[Dec 3, 2023 4:48 AM] Following their most recent move, FTX and Alameda Research have transferred another significant amount of digital assets, amounting to an impressive $22 million.

Celsius faces hurdle as judge hints at new vote for Bitcoin mining shift

[Dec 1, 2023 2:47 AM] Judge Martin Glenn reportedly said that the proposed transformation into a Bitcoin mining business deviates significantly from the deal creditors initially voted on.

Celsius grants access to withdrawals for eligible crypto holders

[Nov 30, 2023 6:52 AM] Eligible participants can withdraw 72.5% of their cryptocurrency holdings minus transaction fees.

Empty Accounts Discovered As Celsius Allows Crypto Withdrawals For Eligible Users

[Nov 29, 2023 7:30 PM] In a recent announcement, bankrupt crypto lender Celsius has initiated additional withdrawals for certain eligible custody users. However, it’s important to note that only specific custody assets are currently available for withdrawal, while…

Troubled Crypto Exchange Zipmex Proposes to Pay Creditors 3.35 Cents on the Dollar: Bloomberg

[Nov 29, 2023 4:02 AM] The Singapore-based firm has proposed to pay creditors 3.35 cents on the dollar in its latest restructuring plan, according to Bloomberg, which cites people familiar with the matter.