Topline The independent U.S. arm of cryptocurrency exchange Binance has landed a bid to effectively bail out crypto broker Voyager Digital and buy its assets for just over $1 billion—capping weeks of ...
Tag: Bankrupt
FTX Collapse May Lead Crypto Brokerage Genesis to Go Bankrupt
18 seconds ago | 2 mins read Market News Crypto lending Genesis is expected to file for bankruptcy. The collapse of FTX and Alameda had a great impact on Genesis. Drawdowns of loans can prevent Gene...
“Everyone Who Could Go Bankrupt Already Has”
BitMEX co-founder Arthur Hayes believes the crypto market downturn could be bottoming out, based on bankrupt firms’ Bitcoin holdings. “I think we are in the bottom stages,” said Hayes, whose exchange ...
Bitcoin bottomed as ‘everyone who could go bankrupt has gone bankrupt’
Arthur Hayes, the former CEO of crypto derivatives platform BitMEX, thinks the worst might be over for Bitcoin (BTC) this cycle as the “largest most irresponsible entities” have run out of...
FalconX has 18% of its Funds Locked in Bankrupt FTX
Leading crypto brokerage firm FalconX revealed that roughly 18% of its funds are stuck on the bankrupt crypto exchange FTX. According to the firm’s December 8 press statement, its financial position r...
Bitcoin miner Marathon won’t bid on bankrupt Compute North’s assets, CEO says
Crypto miner Marathon is not looking to buy any assets from bankrupt hosting provider Compute North, after considering a bid for a stake in the 280-megawatt wind power facility in Texas where it runs ...
Founders of Bankrupt Crypto Hedge Fund Three Arrows Capital Subpoenaed in US
“The foreign representatives and their agents are authorized to serve subpoenas for the production of documents and testimony upon the founders, the investment managers and anyone else that might have...
Bankrupt Crypto Lender Celsius To Release $2.8 Million In Bonuses To Prevent Staff ‘Poaching’
Celsius Network employees are now aware that the company, which filed for Chapter 11 bankruptcy in July, was given the green light from a bankruptcy court judge to distribute $2.8 million in incentive...
Bitcoin Miner Marathon Expects to Recover Less Than Half Its Deposit From Bankrupt Compute North
In other updates, Marathon said it reduced its revolver borrowings to $30 million from $50 million and – after mining 472 bitcoin in November – has 4,200 unrestricted bitcoin and 11,757 total bitcoin ...
What Will Happen Now That FTX Is Bankrupt?
FTX, one of the world’s biggest and most popular digital currency exchanges, has filed for bankruptcy. This was abruptly followed by the formal resignation of the company’s founder and head executive ...
BlockFi Goes Bankrupt And More
President Vladimir Putin and the Russian central bank are discovering the many benefits of cryptocurrency and blockchain-based payment systems in light of the many sanctions weighing down the country’...
Will Clients Of Bankrupt Celsius Platform Get Their Funds Back?
Now bankrupt crypto lender Celsius, which managed assets worth around $12 billion earlier in the year, was forced into bankruptcy in July after crypto prices spiraled down, thus causing an industrywid...
Mike Novogratz’s Galaxy Digital To Buy Assets Of Bankrupt Celsius
Galaxy Digital (GLXY), owned by Mike Novogratz, has won the auction to acquire the self-custody platform GK8 from the defunct cryptocurrency lender Celsius Network, the company announced on Friday. Ho...
Galaxy Digital Wins Bid To Acquire Bankrupt Celsius’ GK8 Platform
12 seconds ago | 2 mins read Defi News The details of the arrangement, however, were kept under wraps. The business acquired the assets for far less than the $115 million Celsius paid in 2021. This pa...
Galaxy To Buy Custody Platform From Bankrupt Celsius
Galaxy Digital is planning to buy GK8 from Celsius Network, which filed for bankruptcy in July after the crash of Terra’s algorithmic stablecoin. GK8 is an institutional digital asset self-custo...
Galaxy Digital to acquire custodian GK8 from bankrupt Celsius
Galaxy Digital agreed to purchase high-security custodian GK8 from bankrupt crypto lender Celsius. Galaxy will support GK8’s self-custody solution in the ongoing development of GalaxyOne,...
LedgerX transferred $175 million to bankrupt FTX US
LedgerX, a division of the bankrupt cryptocurrency exchange FTX, is reportedly getting ready to contribute $175 million to the bankruptcy proceedings of its parent company. Company may release funds o...
LedgerX Preparing $175M Transfer to Bankrupt FTX: Report
FTX-owned derivatives trading platform LedgerX is reportedly preparing $175 million to be used in its parent firm’s bankruptcy proceedings. The platform, which operated as a subsidiary of FTX.US, prov...
Bankrupt BlockFi Suing FTX Founder Over Robinhood Shares Promised as Collateral: Report
The recently bankrupt crypto lender BlockFi is suing FTX CEO Sam Bankman-Fried to obtain shares of Robinhood he allegedly pledged to the company as collateral earlier this month. The filing, which wa...
Silvergate Capital has minimal exposure in bankrupt BlockFi
Silvergate Capital has made it clear via a press release on November 28, 2022, that it had very little exposure to the now-bankrupt BlockFi. Silvergate claims its funds in the distressed company is le...
Bankrupt BlockFi Wants Bankman-Fried’s $520M Robinhood Stake
Crypto lender BlockFi has sued a Sam Bankman-Fried holding company over his Robinhood stock, just hours after the crypto lender filed for bankruptcy. Bankman-Fried pledged the shares to BlockFi as col...
Silvergate Capital Reveals its Exposure to Bankrupt Crypto Lender BlockFi
Silvergate Capital Corporation – a digital asset bank based in California – revealed its deposit relationship to the troubled crypto firm BlockFi was limited to less than $20 million of its total depo...
Celsius: another bankrupt crypto company
Based on the latest news, it appears that Celsius is yet another free-falling part of the domino effect caused by the recent collapse of crypto exchange FTX. In fact, it appears that the cryptocurrenc...
Crypto Lender BlockFi Goes Bankrupt in Aftermath of FTX
(Bloomberg) — BlockFi Inc. filed for bankruptcy, the latest crypto firm to collapse in the wake of crypto exchange FTX’s rapid downfall. Most Read from Bloomberg BlockFi said in a statement Mond...
Criminal Investigation Against Bankrupt FTX Exchange
Senator and minister for legal affairs, Ryan Pinder, has reassured investors and tourists that The Bahamas was a safe place for both travel and business. In his 23-minute pre-recorded speech, he addre...
Binance U.S. Arm to Bid for Bankrupt Voyager Digital’s Assets After FTX Collapse
The U.S. arm of Binance, the world’s largest cryptocurrency exchange, will make a bid for bankrupt lender Voyager Digital following the collapse of FTX, which in September won an auction for the comp...
Abu Dhabi Based Havyn To Acquire Bankrupt FTX ! Here’s The Complete Story
Hayvn, a virtual asset trading platform regulated by the Abu Dhabi Global Market, announced on Friday that it is considering making a formal offer to buy the payments division of the troubled FTX cryp...
Binance, others line up bids for bankrupt Voyager after FTX collapse
Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty ...
This bankrupt mining company may get through the crypto winter thanks to…
Cryptocurrency mining firm Foundry is all set to acquire two turnkey cryptocurrency mining facilities with a total capacity of 17 MW. Foundry will acquire these from the bankrupt mining company Comput...
We take a look at Crypto firms that went bankrupt in 2022.
2022 is considered to be one of the worst years for the crypto market. As the end of the year, 2022 was approaching, we dig deeper to see what happened to different crypto firms during this year. This...
Bankrupt Crypto Exchange FTX Owes $3,101,348,515 to 50 Largest Creditors
The collapsed crypto exchange FTX owes more than $3.1 billion to its 50 largest creditors, according to a new bankruptcy filing. The new filing indicates the exchange’s largest creditor is owed more t...