Genesis Global Capital is reportedly laying the groundwork for a potential bankruptcy after several unsuccessful talks with creditors. The crypto lending arm of Genesis Trading could file for voluntar...
Tag: Bankruptcy
Breaking: Genesis is reportedly planning to file for bankruptcy soon
Genesis has reportedly started to prepare for a bankruptcy filing, which could be done by the end of this week The crypto lender owes creditors over $3 billion Troubled crypto lending platform – Genes...
Genesis Bankruptcy Filing Imminent as Creditor Negotiations Stall: Reports
Crypto lender Genesis, a wholly owned subsidiary of Digital Currency Group (DCG), is on the verge of filing bankruptcy after negotiations between the troubled firm and creditors have failed to move fo...
Crypto Lender Genesis Global Capital Set to File for Bankruptcy
According to Bloomberg reports, Genesis Global Capital, a cryptocurrency lender, may take the drastic step of filing for bankruptcy. The move comes as no surprise, as the company has been in dire stra...
Genesis Could File for Bankruptcy This Week: Report
Genesis Global Capital is preparing to finally file for bankruptcy after FTX’s collapse blew a hole through the company’s financials, according to people familiar with the matter. The bankruptcy may ...
Bed Bath & Beyond seeks capital infusion, buyer ahead of likely bankruptcy
A “Store Closing” banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023. Johnny Milano | Bloomberg | Getty Images Bed Bath & Beyond has been in disc...
FTX Lost $415 Million in Crypto Hack After Filing Bankruptcy
FTX, the bankrupt crypto exchange, informed its creditors in its January 17, 2023, report that the exchange had lost around 415 million US dollars in cryptocurrency due to hacks. John Ray, current...
Genesis creditors negotiating prepackaged bankruptcy: Sources
Genesis Global Capital creditors are negotiating a prepackaged bankruptcy plan with the firm, two sources familiar with the talks told The Block. Creditors like the Winklevoss twins’ Gemi...
Party City files for bankruptcy to restructure piling debt
A shopper exits a Party City Holdco Inc. store in New York, U.S., on Wednesday, Nov. 7, 2018. Party City Holdco released earnings figures on November 8. Bloomberg Party City and some of its U.S. units...
Circle CEO Anticipates More Crypto Firms Filing Bankruptcy in 2023
8 hours ago | 2 mins read Altcoin News Jeremy is nevertheless hopeful about forthcoming market innovations. Allaire predicted that crypto contagion will have a negative influence on the market. On Tue...
FTX bankruptcy debtors ditch the courtroom drama — for now
Lawyers for crumbling crypto exchange FTX and liquidators in the Bahamas have smoothed things over after a contentious courtroom brawl over who has jurisdiction in the failed company’s bankruptcy. &#...
FTX debtors identify $5.5 billion of liquid assets in ’Herculean effort’
Beleaguered crypto exchange FTX identified $5.5 billion in liquid assets in what CEO John Ray called a “Herculean effort” to assess the firm’s financial situation. FTX debtors have identified $1...
Monex Group Seeks Interest To Buy FTX Japan Despite Bankruptcy
Monex Group is planning to buy FTX Japan amid bankruptcy. The Japanese crypto market is witnessing a potential growth at present. $139M of FTX Japan liquidity will be returned back to the customers....
Monex wants to buy FTX Japan amid bankruptcy proceedings: Report
FTX Japan, one of the four FTX assets put on sale, caught the eye of Monex Group, an online brokerage firm based in Tokyo. In an interview with mainstream media outlet Bloomberg, Monex CEO Oki Matsum...
3 Cryptos Gaining Momentum After FTX Bankruptcy: Gnosis, Kusama, BudBlockz
FTX shocked the world when on November 11th, 2022, it filed for U.S. bankruptcy protection. Launched in 2019, FTX became known as the fastest-growing crypto, peaking in 2021 with over a million users...
Former FTX US head denies participation in fraud involving the company
Brett Harrison, former head of the U.S. arm of FTX, distanced himself from the crypto exchange co-founded by Sam Bankman-Fried, which filed for bankruptcy back in November. Harrison, who resigned as F...
Cryptocurrency Solana Roars Back With Dramatic Price Surge
It’s a real comeback — the return with fanfare of a cryptocurrency that many experts and industry sources gave up almost for dead after the bankruptcy of the empire of Sam Bankman-Fried on...
Why the IRS Has an Interest in the FTX Bankruptcy Case
Of all the crypto bankruptcies over the past year, the FTX Chapter 11 proceeding is the only one that’s had a Department of Justice attorney assigned to represent the Internal Revenue Service. Deputy ...
FTX Collapse: Bankman-Fried Takes On a Powerful Law Firm
Sam Bankman-Fried faces a series of criminal and civil charges, including alleged fraud. The trial of the disgraced founder of cryptocurrency exchange FTX and its sister company Alameda Research, a he...
FTX Cleared to Sell LedgerX, Japanese Units by Bankruptcy Judge
In formal terms, the judicial decision allows bids, an auction, and a sales hearing to take place, with permission for any actual transaction to come later. Judge John Dorsey of the Delaware Bankruptc...
Crypto Mining Firm Greenidge Generation Hints at Potential Bankruptcy
Another crypto mining firm is in trouble. This time, the alleged victim is Greenidge Generation (GREE), which has hinted that it could file bankruptcy in the coming weeks if its present deal with NYDI...
FTX’s $5 billion haul fails to boost price of bankruptcy claims, Xclaim says
When liquidators of collapsed crypto exchange FTX revealed they had located $5 billion in assets this week, one might assume that any bankruptcy claims would jump in price. They barely budged, ...
FTX allowed by bankruptcy judge to sell LedgerX, other assets
The judge in charge of overseeing the FTX bankruptcy proceedings has given the embattled crypto exchange the approval to sell some of its assets to aid its efforts in repaying its creditors. Accordin...
Bankruptcy Court Allows FTX To Sell Key Subsidiaries and Assets
10 hours ago | 2 mins read Exchange News Judge John Dorsey has authorized the sale of four key subsidiaries of FTX. This week, 117 potential buyers showed interest in acquiring the FTX assets. The ban...
US Bankruptcy Judge Slams the Gavel on FTX in Miami Heat Sponsorship Deal
The Miami Heat stadium of the National Basketball Association (NBA) will be renaming its stadium soon. Away from FTX ‘Heat’ The naming rights agreement between Miami-Dade County and FTX is officially ...
Bankruptcy Court Approves FTX’s Plan to Sell Ledger X
Judge John Dorsey has allowed the sale of four necessary units of failed crypto exchange FTX, as stated in a petition in the Delaware Bankruptcy Court. LedgerX, a derivatives trading platform, and Emb...
Voyager’s VGX Jumps 40% Following Binance.US Takeover News
Bankrupt crypto lender Voyager has been given a legal nod for the $1 billion sale of its assets to Binance.US as part of its ongoing liquidation proceedings following its collapse last year. News of t...
FTX gets judge’s approval to start selling LedgerX and other units
Collapse crypto exchange FTX got the judicial green light to begin selling parts of its business, the next step in raising money to repay its more than one million creditors. LedgerX, Embed and ...
Bed Bath & Beyond Begins Talks on Bankruptcy Loan, Takeover
(Bloomberg) — Bed Bath & Beyond Inc. is speaking with potential lenders that would finance the company during bankruptcy proceedings, according to people with knowledge of the matter. Most R...
Bed Bath & Beyond Ponders Bankruptcy, Exciting the Meme Crowd
What were shareholders thinking? Shares of retailer Bed Bath & Beyond zoomed 179%, to $3.49 this past week, despite the retailer warning of a possible bankruptcy. One explanation: Meme stock mania...