Bankrupt FTX continues to allow crypto trade despite customers’ inability to withdraw funds. As of 3 pm ET, trading on both the FTX.com website and the FTX mobile app are functioning normally. Accordi...
Tag: Bankrupt
Tom Brady and Steph Curry’s Crypto Firm Is Bankrupt
This is a debacle and a huge setback for the cryptocurrency industry. FTX, one of the largest digital currency exchanges, filed for Chapter 11 bankruptcy on November 11th. This decision is one of th...
Former Enron chairman takes over SBF’s bankrupt crypto cartel
Sam Bankman-Fried’s crypto exchanges FTX and FTX.US, trading firm Alameda Research, and over 100 related entities have declared Chapter 11 bankruptcy. Chapter 11 bankruptcy is focused on reorganizatio...
The FTX Contagion is Spreading! BlockFi Suspends Withdrawals; Is the Company Going Bankrupt?
The market conditions presently have become worse as the domino impact of the recent FTX breakdown is being witnessed. After Terra (LUNA), Celsius Network, Three Arrow Capital, Voyager Digital, and FT...
Musk Tells Staff Twitter Could Go Bankrupt Without Financial Turnaround, Reports Say
Topline Twitter’s new owner Elon Musk told staff in an all-hands meeting Thursday the company has financial problems so serious that “bankruptcy is not out of the question” if it doesnR...
Bankrupt Crypto Lender Celsius Files Motion to Extend Submission Time for Reorganization Plan
A judge also temporarily denied Celsius from paying certain employees a retention bonus, payments which would have totaled nearly $3 million. The plan, which Celsius’ lawyers claimed was necessary to ...
Bankrupt lender Celsius files motion to extend time for ‘reorganization’
Troubled crypto lender Celsius said it filed a motion with a U.S. court asking to extend the time it needs to come up with a reorganization plan. The firm is now going through bankruptcy proceedings, ...
Inside FTX’s demise with Framework Ventures Co-founder Vance Spencer
Episode 109 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro and Framework Ventures Co-founder Vance Spencer. Listen below, and subscribe to The Scoop on Apple, S...
Carvana stock price has plunged: will it go bankrupt?
Carvana (NYSE: CVNA) stock price has plunged in 2022, making it one of the worst-performing technology and consumer discretionary stocks. The shares dropped to a low of $8.76, which was its lowest lev...
Bankrupt Crypto Exchange Zipmex ‘In Advanced Takeover Talks’ with V Ventures
Zipmex Pte, the embattled operator of the Asian cryptocurrency exchange, is in advanced talks with venture capital fund V Ventures over the sale of a majority stake in the business to a potential inve...
Generate Capital to Purchase Bankrupt Compute North’s Assets in 2 Mining Sites
According to bankruptcy filings on Tuesday, lending firm Generate Capital is purchasing Bitcoin mining hosting firm Compute North’s stake in two mega-mining facilities (a 300-megawatt (MW) facil...
With new mortgages down 55%, US lenders are starting to go bankrupt — could this one factor trigger the worst surge of failures since 2008?
With new mortgages down 55%, US lenders are starting to go bankrupt — could this one factor trigger the worst surge of failures since 2008? The real estate market just can’t catch a break, with invent...
Court Kicks Off $1,422,000,000 Deal Between Bankrupt Crypto Lender Voyager and FTX US
A US court is approving the first step of a deal that would see crypto exchange platform FTX purchase the assets of troubled digital asset lender Voyager for over $1.4 billion. In a new company blog p...
Crypto Mining Firm Compute North Goes Bankrupt
It’s happened again, folks. In the age of crypto bankruptcy and companies falling apart amidst the growing bear market, another digital currency firm has entered legal bankruptcy protections as a mean...
FTX US Wins Bid to Acquire Bankrupt Lender Voyager’s Assets
United States-based cryptocurrency exchange FTX.US was approved by the bankruptcy court to enter the asset purchase agreement with the bankrupt crypto lender, Voyager. According to the official announ...
JPMorgan Hires Former Executive of Bankrupt Crypto Firm as Head of Digital Assets Regulatory Policy – Featured Bitcoin News
JPMorgan Chase & Co. has hired bankrupt crypto lender Celsius Network’s former head of policy and regulatory affairs as its new head of digital assets regulatory policy. The move followed JPMorgan...
Crypto Custodian Prime Trust Agrees to Return $17M in Tokens to Bankrupt Lender Celsius
Celsius had sued Prime Trust in August, alleging that Prime Trust had improperly withheld the tokens when the two terminated their contract in June 2021. The assets, made up of 398 BTC, 196,268 CEL to...
SEC, CFTC Launch Probe Into Bankrupt Crypto Fund Three Arrows Capital: Report
Two key U.S. regulators are reportedly investigating the bankrupt crypto-focused hedge fund Three Arrows Capital (3AC). According to anonymous sources reported by Bloomberg, the Commodity Futures Trad...
Nuri Crypto is Officially Bankrupt
Nuri crypto (formerly Bitwala) had big goals in the past. The crypto bank, where it was possible to buy cryptocurrencies directly via the bank account, must now officially close after the bankruptcy i...
Bankrupt Crypto Lending Platform Celsius Faces Federal Investigation, According to Court Documents
New court documents reveal that bankrupt crypto lending platform Celsius is facing a federal investigation as well as inquiries in 40 US states. According to a recent filing, Celsius faces a “signific...
JPMorgan’s new crypto policy head was at bankrupt Ponzi Celsius
JPMorgan has hired Aaron Iovine, most recently head of policy and regulatory affairs of bankrupt crypto lender — and likely Ponzi scheme — Celsius Networks, as its new executive director of digital as...
Bankrupt Crypto Lender Celsius Hit by Federal Investigations
Celsius has been one of the more high-profile casualties of a sharp sell-off in the crypto market that was triggered in part by May’s collapse of the Terra blockchain. The now-bankrupt crypto lender’s...
Federal Investigations Against Bankrupt Crypto Lender Celsius –
9 seconds ago | 2 mins read Exchange News The company has received inquiries from the SEC, CFTC and FTC. A federal grand jury subpoena was issued to the firm. US federal investigations are being cond...
Bankrupt Crypto Hedge Fund Three Arrows Capital Probed by SEC, CFTC for Possible Legal Violations – Bitcoin News
Reports indicate that the bankrupt crypto hedge fund Three Arrows Capital (3AC) is facing more trouble from liquidators and financial authorities from the U.S. Securities and Exchange Commission (SEC)...
3AC, the bankrupt crypto hedge fund sees a new twist in the case as…
According to a Bloomberg report, two United States regulators, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are now investigating the bankrupt Singa...
SEC, CFTC Probing Bankrupt Crypto Hedge Fund Three Arrows Capital: Report
The Singapore-based Three Arrows filed for bankruptcy in July, saying its business had “collapsed in the wake of extreme fluctuations in cryptocurrency markets.” In particular, the hedge fund suffered...
Bankrupt Crypto Lender Subpoenaed by Federal Prosecutors
Wahid Pessarlay Celsius Network faces high scrutiny from the U.S. federal prosecutors Bankrupt crypto lending company Celsius Network is subpoenaed by U.S. federal prosecutors, according to a Financia...
Marathon reports $80M exposure to bankrupt mining firm
Marathon has outlined that at this stage its operations hosted by Compute North will continue to operate as usual, and highlighted an improved BTC mining production in Q3. Bitcoin (BTC) miner Marathon...
Marathon Reveals Over $80m Exposure to Bankrupt Crypto Miner Compute North
Marathon Digital Holdings Inc., on Thursday, revealed that it has over $80 million of exposure to crypto mining data centre firm Compute North Holdings Inc, which filed for bankruptcy protection in th...