Under the deal, which is currently in the form of a non-binding term sheet, NYDIG will purchase 2.8 exahash per second (EH/s) worth of Greenidge’s bitcoin mining machines, and extinguish $57 mil...
Tag: Bankruptcy
Auros bankruptcy protection filings show funds tied up on FTX
Market making firm Auros filed to begin bankruptcy proceedings in the British Virgin Islands, court documents show. A digital asset market maker and algorithmic trading platform, Auros maintaine...
Binance US Plans to Acquire Voyager Digital’s Assets for $1 Billion in Bankruptcy Bid – Bitcoin News
According to a Binance blog post, Binance US has entered an agreement with Voyager Digital Ltd., in order to acquire its assets. The announcement details that the acquisition “sets a clear path forwar...
Huge Blow For Crypto: Binance, Crypto.com Dropped By Their Auditor
The poison of suspicion is continuing to spread in the crypto sphere. This poison, disseminated by the overnight implosion of Sam Bankman-Fried’s crypto empire on Nov. 11, is infecting most com...
‘Big Short’ Burry Says Crypto Has a Problem Similar to the Subprime Crisis
Since the unexpected bankruptcy of the FTX cryptocurrency exchange on Nov. 11, the crypto space has been trying to play the game of transparency. The firm collapsed in a few days in the face of massi...
DCG Bankruptcy Is Imminent? Proof Of Asset Transactions
DCG Bankruptcy News: With the Digital Currency Group (DCG) experiencing huge liquidation in the last 24 hours, speculation is rife about the stability of the platform. The crypto market is still not o...
Solana Cryptocurrency Outlook Post-FTX Bankruptcy
| Getty Images Key Takeaways The collapse of the FTX crypto exchange is having a ripple effect on the entire crypto industry; casualties pile up as the bankruptcy proceedings begin. Sam Bankman-Fried ...
FTX bankruptcy: crypto addresses on the rise
After FTX’s bankruptcy, the number of crypto addresses reached an annual high of 152,936 on 4 December, an increase of 5,541 BTC whale addresses (+ 3.8%) since the beginning of the year (YTD). This co...
After FTX, Are Binance’s Days Numbered?
The poison of suspicion is terrible in the cryptocurrency industry. A month after the overnight implosion of the crypto empire of Sam Bankman-Fried, 30, it is another lord of the crypto sphere who is...
Avaya Holdings Likely To File For Bankruptcy: Report
Avaya Holdings Corp (NYSE: AVYA) will likely file for chapter 11 bankruptcy. Earlier in the week, Avaya said it is considering restructuring proposals from creditor groups. The technology company, Blo...
What to expect from FTX’s second bankruptcy hearing today; LedgerX sale, doxing creditors, custody of funds
It has been a long week for the FTX empire as its founder Sam Bankman-Fried was imprisoned in the Bahamas and set to face trial in the United States for money laundering and wired fraud charges from t...
FTX bankruptcy case inches closer to potentially naming creditors
Lawyers for beleaguered crypto exchange FTX did not object to media arguing in the firm’s bankruptcy case, taking a step toward potentially identifying customers tied up in the collapse. Media o...
FTX Selling Solvent Businesses Amid Bankruptcy Proceedings
A month after the exchange’s new CEO disclosed company restructuring plans, FTX Trading and its affiliated debtors will put LedgerX and its European and Japanese digital assets subsidiaries up for auc...
Bitcoin Miner Core Scientific Receives $72M Offer From Creditor to Avoid Bankruptcy
One of Core Scientific’s largest lenders – B Riley – has offered to loan out $72 million to the embattled Bitcoin miner in a bid to avoid a potentially unnecessary and value-destructive bankruptcy pro...
US Trustee names Wintermute on creditor committee in FTX bankruptcy case
A United States Trustee has announced nine creditors to the committee responsible for part of crypto exchange FTX’s bankruptcy proceedings. According to court documents filed Dec. 15, U.S. Trustee And...
The Madoff Playbook: How FTX Creditors Could Get Their Money Back
As there is much to be unraveled about the crash of FTX, a pressing question for the crypto exchange’s creditors remains how and when they could get back lost funds. Some have compared FTX founder Sam...
Court Documents Say FTX Boss Ryan Salame Snitched on SBF 2 Days Before the Bankruptcy Filing – Bitcoin News
According to court documents associated with the FTX bankruptcy proceedings, on Nov. 9 — two days before the company filed for Chapter 11 bankruptcy protection — FTX co-CEO Ryan Salame told Bahamian a...
Committee to represent creditors formed in FTX bankruptcy case
A committee to represent unsecured creditors and serve as the voice for most FTX customers in court was established in the U.S. bankruptcy case of FTX and its affiliated companies. The formation...
Bitcoin miner offered loans in order to avoid bankruptcy
Core Scientific, one of the world’s largest Bitcoin mining companies, has been offered a lifeline to avoid bankruptcy. Finance services platform B. Riley has offered Core Scientific a $72 million debt...
Creditor offers Bitcoin miner Core Scientific $72M to avoid bankruptcy
Financial services platform B. Riley has offered Bitcoin (BTC) miner Core Scientific $72 million in financing to avoid bankruptcy and preserve value for Core Scientific stakeholders. B. Riley, a top l...
Alameda tried to redeem 3,000 wBTC days before bankruptcy: BitGo CEO
Mike Belshe, the CEO of digital asset custodian BitGo has confirmed that Alameda Research attempted to redeem 3,000 Wrapped Bitcoin (wBTC) in the days before FTX’s bankruptcy filing on Nov. 11. Durin...
B. Riley offers $72 million to mining firm Core Scientific
B. Riley Financial, one of Core Scientific’s largest creditors, argued that bankruptcy is not the the answer to Core Scientific’s woes and is instead offering it a new financial lifeline. ...
Mattress Company Serta Simmons Prepares to File for Bankruptcy Protection
(Bloomberg) — Serta Simmons Bedding is preparing to seek bankruptcy protection as soon as January, according to people with knowledge of the situation. Most Read from Bloomberg The closely held ...
Bitcoin Miner Core Scientific’s Lender Wants to Give Miner $72M to Avoid Bankruptcy
B Riley said it is prepared to fund the first $40 million of the new financing immediately, with “zero contingencies.” The remainder of the financing is contingent on all principal payment...
Judge Approves Sale of Self-Custody Platform to Galaxy Digital in Celsius Bankruptcy
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FTX Used Client Assets for Margin Trading at Alameda, Confirms Bankruptcy Lawyer
FTX’s bankruptcy attorney and new CEO, John Ray, spoke to the House Financial Services Committee on Friday to break down some of the internal details of the exchange’s fallout. Ray said that FTX cust...
Argo Blockchain tumbles 38% after bankruptcy gaffe
Bitcoin mining stocks tracked by The Block showed mixed results with about half a dozen trading up and the others down. Argo Blockchain’s shares plunged 38% in the UK and 37% in the U.S. i...
SBF claims law firm Sullivan & Cromwell pressured him into bankruptcy filing for legal, consultancy fees
Former FTX CEO Sam Bankman-Fried (SBF) claims in his planned testimony before the U.S. House of Representatives Committee on Financial Services that he was pressured into filing for bankruptcy for the...
The FTX money trail: Bankruptcy lawyers shift attention to these FTX donees
If guilty, several representatives that accepted donations from FTX would be forced to return them SBF’s personal donation amounted to $40 million as per reports It has been a little over a month sin...
Bahamian regulator rejects new FTX CEO’s bankruptcy coordination allegations
The Securities Commission of The Bahamas rejected recently appointed FTX chief John Ray’s allegations that Bahamian officials worked with former CEO Sam Bankman-Fried to shelter the failed crypt...