FTX, a defunct cryptocurrency exchange, has admitted that its clients have recently been targeted by a series of scams and frauds perpetrated by third parties. These schemes were designed to take adva...
Tag: Bankrupt
Genesis creditors are starting to bail on bankrupt lender
Some Genesis creditors are deciding that it’s time to take the money and run — even if all they’re able to get is a fraction of what they paid into the bankrupt lender. Earlier this week, Stephen Soko...
Bankrupt Voyager to Sell $1 Billion in Assets to Binance
Crypto broker Voyager – which was one of many crypto firms to enter bankruptcy proceedings in 2022 – has been given approval by a court to sell some of its assets to Binance (a larger crypto exchange ...
Incoming Shiba Inu Dump? Bankrupt Voyager Sends 270B SHIB to Crypto Exchanges
Unexplained Shiba Inu transfer stirs concerns within crypto Twitter. Bankrupt crypto lender Voyager has sent 270 billion SHIB in three 90 billion transactions to Coinbase, Kraken, and Binance.US. Cryp...
Tether CTO denies borrowing from bankrupt lender Celsius
According to its chief technology officer, the company behind Tether (USDT), the world’s largest stablecoin by market capitalization, has never received any loan from the bankrupt cryptocurrency lende...
Alameda Research Sues Bankrupt Crypto Lender Voyager To Recover $446,000,000 in Loan Payments
Alameda Research, the sister company of bankrupt digital asset exchange FTX, is suing bankrupt crypto lender Voyager in an attempt to recover nearly $446 million in loan payments, according to new cou...
Tether CTO debunks alleged $2 billion loan from bankrupt crypto lender Celsius – Cryptopolitan
On January 31, Paolo Ardoino—the Chief Technology Officer of Tether and Bitfinex crypto exchange— cleared things up on Twitter regarding USDT’s relationship with Celsius. He stated that they have neve...
Tether denies borrowing from bankrupt Celsius
Tether’s (USDT) chief technology officer Paolo Ardoino has denied that the stablecoin issuer took a loan from Celsius in a Jan. 31 tweet. Ardoino responded to a Twitter thread on the Celsius exa...
FTX’s Sam Bankman-Fried Attempted To Regain Control Of Bankrupt Crypto Exchange
Beleaguered crypto exchange FTX founder Sam Bankman-Fried tried to stop bankruptcy proceedings in the U.S. in November to transfer assets from his crypto exchange to foreign regulators. According to f...
Bankrupt Alameda Research Sues Voyager Digital, Seeks $446M Clawback
Alameda Research has filed a lawsuit against the troubled lending firm, Voyager. The lawsuit by FTX lawyers seeks a $446 million clawback. Alleged loan payments were made so close to FTX filing for ba...
Core Scientific Is Bankrupt but Remaining Functional
Core Scientific – one of the world’s biggest crypto mining enterprises – has filed bankruptcy in recent weeks but is still expected to continue its mining operations in the region of Grand Forks, Texa...
Their Issuers Went Bankrupt, but These Tokens Have Survived
The recent resilience of so-called zombie tokens — coins that have risen from the dead after the collapse of their issuers — have shocked crypto traders of late. The native tokens of Voyager, Lu...
Bankrupt Crypto Lender BlockFi Had Secret $1,200,000,000 Relationship With FTX and Alameda: Report
A new report finds that bankrupt crypto lender BlockFi had more financial interest in Sam Bankman-Fried’s FTX and Alameda Research than originally believed. During BlockFi’s first bankruptcy hearing i...
Bitcoin Cash Backer Roger Ver Sued for $20,000,000 by Bankrupt Crypto Broker Genesis
Bitcoin Cash (BCH) advocate and veteran of the crypto space Roger Ver is being sued by bankrupt lender Genesis for allegedly failing to settle options trades. According to a filing at the New York Sta...
SEC Threat Bankrupt Crypto Business; Lawyer Claims
The U.S. Securities and Exchange Commission (SEC) is on the radar of digital asset industry leaders over its alleged regulatory overreach. An Amicus Curiae in the XRP lawsuit has claimed that the SEC ...
Ripple Rival Stellar Has $13M+ Exposure to Bankrupt Genesis
The exposure was recently revealed through Genesis’ bankruptcy filing. The Stellar Development Foundation, a non-profit organization launched by Ex Ripple’s co-founder Jed McCaleb, has an exposure of ...
Bankrupt BlockFi to Sell $160M in Bitcoin Mining Hardware Loans: Report
The embattled crypto company has around $160 million in loans backed by 68,000 Bitcoin mining rigs which it needs to sell. The New Jersey-based firm started the bidding process for the loans last year...
Bankrupt Crypto Lender Genesis Owes Over $3,800,000,000 to Firm’s Largest 50 Creditors
New documents reveal that embattled crypto lender Genesis owes billions of dollars to its 50 largest creditors. In recent voluntary bankruptcy filings, the crypto firm divulges that it owes $3.8 billi...
Bankrupt crypto lender BlockFi urges court to approve bonuses amid ‘war for talent’
BlockFi is urging the court to approve the payment of bonuses as the crypto lender struggles to retain staff following its filing for Chapter 11 bankruptcy protection. “Despite an incredib...
global regulators stepping up their efforts, Genesis Global is bankrupt
Last week saw a notable increase in crypto-focused global regulatory efforts and a corresponding uptick in government interest across the board. The Gemini and DCG case saw some updates, with Genesis ...
Silvergate Has ‘Minimal’ $2.5M Exposure to Bankrupt Genesis
Leading crypto bank Silvergate revealed that its exposure to the bankrupt crypto lender Genesis was less than $2.5 million as of Jan. 19, according to an official statement. Silvergate said the bankru...
ByBit CEO clarifies Mirana exposure to bankrupt Genesis
ByBit CEO Ben Zhou said his exchange’s exposure to bankrupt crypto lender Genesis was restricted to its investment arm Mirana. Genesis Global’s chapter 11 filing showed that Mirana was one of its top ...
Bankrupt Crypto Exchange FTX Could Restart Operations, Says New CEO: Report
John J. Ray III, the bankruptcy lawyer who replaced Sam Bankman-Fried as FTX CEO, is reportedly considering the idea of rebooting the beleaguered crypto exchange. The Wall Street Journal reports that ...
Bybit Founder Addresses Concerns Over Firm’s $151M Exposure to Bankrupt Genesis
Ben Zhao, the founder of crypto exchange Bybit, took it to Twitter to address concerns raised over the company’s exposure to the now-bankrupt crypto lender Genesis Global Capital. According to court f...
If THIS Company goes bankrupt, Bitcoin can easily crash to $10,000…
The Bitcoin price has recovered well in the last 2 to 3 weeks and was able to rise from $16,500 at the beginning of 2023 to more than $21,000 most recently. Nevertheless, there is still a risk that we...
FTX Collapse Claims Big Victim: Genesis Goes Bankrupt
Another renowned crypto firm is down. The fall of Sam Bankman-Fried’s crypto empire continues to wreak havoc on the cryptocurrency industry. Crypto lender Genesis Global Holdco LLC filed for b...
Ripple CEO Reveals $10Mn Exposure To Bankrupt FTX Exchange
While Ripple’s conflict with the SEC persists, it appears that it has also encountered other issues. Let’s see what’s new with Ripple. Ripple CEO reveals exposure to FTX! In a recent fireside discus...
FTX Exploring Whether To Restart Bankrupt Exchange, New Chief Says
Topline In an interview with Wall Street Journal, FTX CEO John J. Ray III, the veteran bankruptcy attorney leading the embattled crypto firm through its restructuring, said he would explore whether re...
Founders of bankrupt Three Arrows Capital pitch new platform for crypto debt claims
FTX logo with crypto coins with 100 Dollar bill are displayed for illustration. FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users. Jonatha...
Skybridge may buy back stake held by bankrupt FTX
Skybridge, a universal investment organization in New York, has announced it might buy back FTX’s stake in its company. Scaramucci declares plans to buy back FTX’s stake Today, Anthony Scaramucci, CEO...