Core Scientific – one of the largest digital currency mining firms in the world – has announced it’s filing for chapter 11 bankruptcy protection. The proceedings took place in a federal bankruptcy cou...
Tag: Bankrupt
Advisors of Bankrupt FTX Found $5B Worth of Sunken Treasures
FTX Group advisors revealed that they found more than $5B in cash or crypto. Advisors have also found a large amount of other crypto assets that are illiquid. The FTX Group advisors have been sorting ...
Bankrupt FTX Has Recouped Over $5 Billion In Liquid Assets—But Still Has Billions More To Go To Meet Liabilities
Topline FTX has recovered more than $5 billion in cash, easily sellable digital assets and other liquid holdings thus far, an attorney for the disgraced crypto exchange said in a Delaware bankruptcy c...
Billionaire Mark Cuban To Be Questioned Under Oath for Allegedly Promoting Bankrupt Crypto Firm Voyager Digital
Dallas Mavericks owner and billionaire Mark Cuban is expected to undergo a deposition next month in the civil lawsuit filed against him for allegedly promoting now-bankrupt crypto lender Voyager Digit...
Bankrupt miner Core Scientific Bitcoin production rose 5% in December
Bankrupt Bitcoin (BTC) miner Core Scientific saw its production rise by over 5% in December to 1,435 BTC from 1,356 BTC recorded in November, according to a Jan. 9 press statement. During this period,...
SEC Objects to the $1,000,000,000 Binance.US Bid To Acquire the Assets of Bankrupt Crypto Platform Voyager
The U.S. Securities and Exchange Commission (SEC) is refusing to approve the proposal of crypto exchange Binance’s US subsidiary to acquire more than $1 billion worth of assets owned by bankrupt crypt...
Block Fi Is the Latest Crypto Company to Go Bankrupt
It’s happened again, folks. Another digital currency company has filed for bankruptcy protection. This time, it’s Block Fi, a crypto lending platform, which was reported to be heading in this directio...
Robinhood Shares up 3.4% Despite Links to Bankrupt FTX
Godfrey Benjamin Shares of brokerage firm Robinhood up 3.4% amid its indictment with FTX Commission-free brokerage platform Robinhood Markets Inc saw its investors unfazed as its shares closed up 3.47...
SEC Intervenes in Binance US Acquisition of Bankrupt Crypto Lender Voyager Digital’s Assets – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has intervened in the asset purchase agreement between Binance US and bankrupt crypto lender Voyager Digital. The securities regulator explained that ...
Celsius Earn Assets Belong to Bankrupt Firm, Not Users
A federal bankruptcy judge has ruled that crypto-assets deposited in Celsius Network’s “Earn” accounts do not belong to the customers. Instead, the funds in the interest-bearing accounts belong to the...
Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius – Mining Bitcoin News
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 app...
Bankrupt 3AC Founder Expects Genesis Bankruptcy, What Happens To Grayscale?
The DCG and Genesis debacle continue to wax strong and Grayscale Bitcoin Trust has taken some of the heat from this. The majority of the concerns have been raised around the ability of Digital Currenc...
3 tech fallen angels that could go bankrupt in 2023
Bankruptcies have been falling in the United States despite the challenging macroeconomic conditions of the past few years. However, 2023 could be a different year, with rising defaults by technology ...
BlackRock Gives Bankrupt Bitcoin Miner Core Scientific a New $17M Loan
BlackRock, which is Core Scientific’s largest shareholder according to FactSet data, already held $37.9 million in secured convertible notes as of Wednesday. The latest $17 million is part of th...
Bankrupt Crypto Exchange FTX to Start Letting Customers in Japan Withdraw Funds – Exchanges Bitcoin News
FTX customers in Japan will soon be able to withdraw their funds that are currently frozen due to the bankruptcy process. Two FTX-owned crypto exchanges, FTX Japan and Liquid, are developing a system ...
Expect More Bitcoin Miners To Go Bankrupt in 2023
It’s no secret crypto miners are struggling, and more casualties are expected next year. But as the bear market trudges on, not all companies in the segment face dire circumstances, industry watchers ...
This is what the future holds for bankrupt crypto lender Voyager Digital
CFIUS will review transactions made by bankrupt crypto lender Voyager Digital Holdings Binance.com recently agreed to buy Voyager’s assets for $1.022 billion The Committee on Foreign Investment in the...
BlackRock among bankrupt miner Core Scientific’s creditors
Investment firm BlackRock is among the largest creditors of bitcoin miner Core Scientific, which filed for Chapter 11 bankruptcy last week. Its subsidiaries committed $17 million of the new $75 ...
Bankrupt Celsius Seeks to Extend Claims Deadline for Burned Users
Bankrupt crypto lender Celsius will file a petition requesting an extension of the deadline for users to submit their claims in the ongoing bankruptcy proceedings by another month. “Celsius is prepari...
Bankrupt Crypto Lender Celsius Seeks Deadline Extension
Cryptocurrency lender Celsius Network said it is preparing to file a motion requesting a deadline extension for users to submit their claims by another month. In its latest update, Celsius stated that...
New Chelsea owner will receive $350 million if Genesis is bankrupt
The new Chelsea FC CEO Todd Boehly will acquire $350 million if the crypto lender Genesis declares bankruptcy. Digital Currency Group will be liable for such an outstanding loan. DCG tries to raise fu...
Bitcoin mining: another company goes bankrupt
Bitcoin mining company Core Scientific has filed for bankruptcy. Reuters reported that today Core Scientific filed for Chapter 11 bankruptcy. Core Scientific is listed on the Nasdaq stock exchange u...
One of the Largest Bitcoin Miners Goes Bankrupt
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Core Scientific, one of...
Why 2023 could bring some good news for this bankrupt cryptocurrency lender
Cryptocurrency firm Celsius received proposals from 30 possible purchasers or its mining and retail operations Galaxy Digital Holding intends to purchase Celsius’ custody platform, GK8 Thirty prospect...
This publicly-listed Bitcoin mining company has gone bankrupt, but it’s not so bad
A bankruptcy petition has been submitted by yet another Bitcoin mining business. Just a few days after a creditor volunteered to assist Core Scientific, one of the largest Bitcoin miners in the world ...
Binance US to Acquire Bankrupt Voyager’s Assets for $1 Billion
Binance’s American entity Binance.US has emerged as “the highest and best bid” for bankrupt Voyager’s assets. The total sum is roughly $1.022 billion, which includes the latter...
Binance U.S Acquires Digital Assets of Bankrupt Voyager Digital
Exchange News According to a business statement, the value of the asset transaction is $1.022 billion. Voyager’s attempts to free up consumer monies are bolstered by the transaction. The crypto exchan...
Bankrupt Crypto Firm Voyager Announces Agreement With Binance US To Acquire Its Assets
As Binance makes itself at the top of the headline in the crypto market by raising concerns regarding its proof-of-reserves audit, the crypto giant now attracts fresh attention after signing a deal wi...
Binance.US To Acquire Bankrupt Crypto Platform Voyager’s Assets in $1,020,000,000 Deal
Binance.US will acquire more than $1 billion worth of assets from bankrupt crypto platform Voyager after FTX’s plans to acquire them fell through. According to Voyager, Binance.US, a subsidiary of the...
Bankrupt FTX leveraged former Wirecard partner to facilitate Chinese transactions
The FTX contagion is continuing to expand, with news emerging of its ties with payment system Omipay’s partner in China. Omipay is an Australian payment processor that focuses on offering paymen...
Binance.US to acquire bankrupt Voyager’s assets for $1.02B
Binance.US will buy assets of bankrupt crypto lender Voyager Digitals for $1.022 billion, according to a Dec. 19 press release. According to the press statement, Voyager said Binance.US’ bid for...
Binance.US Agrees to Buy Bankrupt Crypto Lender Voyager’s Assets for Over $1B
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