LedgerX, FTX Group’s solvent subsidiary that also had to file for bankruptcy protection as part of the group, will make available $175 million for use in bankruptcy proceedings, Bloomberg report...
Tag: Bankruptcy
Disgraced FTX Founder Says Filing for Bankruptcy Was A Mistake
Sam Bankman-Fried, the disgraced founder of crypto exchange FTX has been making partial appearances on Twitter and shall be supposedly speaking on Wednesday, November 30, in his first public appearanc...
Genesis Crypto Brokerage Scrambles to Keep Bankruptcy at Bay
Embattled crypto brokerage Genesis is pulling out all the stops and exploring all options it has to keep the bankruptcy lawyers at bay. Creditors are joining forces with liquidation and restructuring ...
BlockFi Owes $1 Billion to Just Three of Its Largest Creditors: Bankruptcy Filing
BlockFi Inc. owes more than $1 billion to three of its largest creditors, including $30 million it has yet to pay the U.S. Securities and Exchange Commission as part of the $100 million settlement tha...
Crypto Lender BlockFi Filing for Bankruptcy and Conducting Major Layoffs as FTX Contagion Claims Another: Source
The FTX contagion has just claimed another crypto firm. BlockFi will file for Chapter 11 bankruptcy protection later today, a source at the company tells Decrypt. In an official announcement, the New ...
Genesis creditors organize in bid to forestall bankruptcy move: Bloomberg
Crypto firm Genesis Global Capital warned last week about a possible bankruptcy filing, and now some of its creditors are pursuing options in order to prevent such a move. Law firms Proskauer Ro...
BlockFi Has $10 Billion in Assets and Liabilities and 100,000 Creditors: Bankruptcy Filing ⋆ ZyCrypto
Advertisement     The digital asset lender is the latest victim of FTX contagion. BlockFi is planning to lay off two-thirds of its staff in bankruptcy restructuring. C...
Miami Clubs Were Affected By The FTX Bankruptcy Beyond The Crypto Sector
The FTX bankruptcy affected the crypto market and entities that indirectly depend on digital assets. FTX’s downfall effect is crossing the boundaries. Miami nightclubs are one of the best examples of ...
BlockFi files for bankruptcy in the wake of FTX collapse
BlockFi is the latest victim of the FTX collapse. After Celsius and Voyager, BlockFi is the latest lender to shut shop this year. Crypto winter and big collapses are crippling investor and retailer co...
FTX Resumes Payments to Employees And Contractors Pending Bankruptcy Hearings ⋆ ZyCrypto
Advertisement     FTX has resumed post-bankruptcy payments to employees worldwide days after they were halted following a chapter 11 bankruptcy filing in the US. Accor...
BlockFi Joins the Bankruptcy Parade
Like (so far) every other crypto company, BlockFi has filed for Chapter 11 bankruptcy protection, indicating it believes it can continue onwards after a restructuring process. Like other companies, Bl...
BlockFi has $355 million in digital assets ‘frozen’ on FTX
Troubled crypto lender BlockFi has $355 million in digital assets frozen on FTX’s platform, the company said in court. BlockFi attorney Joshua Sussberg also shared new details about how closely ...
Crypto lender BlockFi is suing Sam Bankman-Fried over his shares in Robinhood: report
Just hours after filing for Chapter 11 bankruptcy in New Jersey on Monday, cryptocurrency lender BlockFi filed a lawsuit against a holding company by FTX founder Sam Bankman-Fried over his shares in t...
BlockFi Bankruptcy Filing Reveals an Unsettled $30M to SEC
18 seconds ago | 2 mins read Exchange News Ankura Trust Company is the largest creditor to US SEC. BlockFi settled $20 million to SEC in the first two payments. This year, the cryptocurrency markets w...
Bankruptcy of crypto exchange FTX in court
The US House Financial Services Committee has announced that it will hold the hearing to investigate the events and timeline related to the collapse of crypto exchange FTX. On 28 November, House Finan...
BlockFi files for bankruptcy and sues SBF on same day
Cryptocurrency lender BlockFi filed for bankruptcy on Monday and, a few hours later, sued Sam Bankman-Fried’s (SBF) investment firm for withholding Robinhood stock it promised as collateral, Financial...
BlockFi bankruptcy filing triggers a wide range of community reaction
As crypto lending platform BlockFi filed for bankruptcy, members of the crypto community reacted with mixed feedback as another platform fell during the current bear market. Despite BlockFi citing th...
Ripple general counsel calls BlockFi bankruptcy another success for SEC’s ‘regulation by enforcement’ approach
Ripple general counsel Stuart Alderoty described BlockFi’s bankruptcy as another success for the U.S. SEC and its regulation-by-enforcement approach. Another SEC “regulation by enforcement” success st...
BlockFi Crash: Why did BlockFi file for Bankruptcy?
The FTX crash is starting to expose many other crypto companies that were involved with it. BlockFi is yet another company that filed for bankruptcy, leaving its users to bust. Why did BlockFi file fo...
BlockFi is in bankruptcy- The Cryptonomist
The news had been circulating in the crypto industry for days: BlockFi is insolvent and had to file for Chapter 11. On 10 November, in the midst of FTX’s collapse, they had declared that withdrawals ...
In the first significant fallout from the collapse of FTX, cryptocurrency business BlockFi files for bankruptcy
Join Our Telegram channel to stay up to date on breaking news coverage As a result of the failure of cryptocurrency exchange FTX, another cryptocurrency company has collapsed: BlockFi has announced th...
Ripple Counsel Calls Out SEC Over BlockFi Bankruptcy
BlockFi, a cryptocurrency lender has become another firm to fall due to the FTX collapse. BlockFi filed for chapter 11 bankruptcy protection due to extensive exposure to the defunct crypto exchange. H...
Top 10 crypto fall as BlockFi enters bankruptcy, macroeconomic concerns spread
Bitcoin and Ether fell in Tuesday morning trading in Asia as U.S.-based crypto lender Blockfi filed for bankruptcy overnight in what is seen as another casualty of the collapse of the FTX exchange thi...
BlockFi Sues SBF Over Robinhood Shares After Filing for Bankruptcy: Report
Shortly after filing for Chapter 11 bankruptcy protection, the distressed crypto lender has gone after Sam Bankman-Fried’s Emergent Fidelity Technologies entity. BlockFi’s filing involves shares of Ro...
BTC Rises By Nearly 2% Amid BlockFi Files For Bankruptcy
Bitcoin price has risen by 1.71%% in the last 24 hours amid crypto lending platform BlockFi filing for bankruptcy. In the last 24 hours, the trading volume of Bitcoin is $25,195,723,296 USD. Notably, ...
BlockFi files for bankruptcy citing FTX exposure
New Jersey-based crypto lender BlockFi on Monday filed for Chapter 11 bankruptcy protection. The crypto lender is the latest crypto industry casualty to fall due to exposure to the collapsed cryptocur...
FTX Resumes Payments to Its Employees Following Bankruptcy
27 mins ago | 2 mins read Exchange News FTX is resuming ordinary course payment of salary and benefits to its worldwide employees. The payments will exclude FTX’s former CEO, Sam Bankman-Fried. FTX, t...
Crypto Market Recovers Amid BlockFi Bankruptcy
Crypto News Today Live Updates November and Latest News: (29 November 2022) The global digital asset market witnessed a broad recovery on Tuesday morning. However, Crypto lender BlockFi filed for chap...
BlockFi files for bankruptcy: The FTX scandal continues to cripple crypto
Major crypto lending and staking platform BlockFi officially filed for bankruptcy on Monday. BlockFi becomes the latest causality of the financial turmoil caused by Sam Bankman-Fried’s FTX scandal. T...
Bankman-Fried Robinhood shares are the target of a BlockFi lawsuit
A lawsuit filed by crypto lender BlockFi demands Robinhood shares Sam Bankman-Fried is said to have pledged to the company as collateral, the Financial Times first reported. Bankman-Fried owned ...
BlockFi Files For Chapter 11 Bankruptcy Protection
Another crypto company has recently fallen victim to the FTX contagion. As reported by Reuters, BlockFi, a cryptocurrency lender and financial services firm filed for bankruptcy protection on Monday. ...
BlockFi sues FTX’s Sam Bankman-Fried hours after bankruptcy filing
BlockFi has sued Sam Bankman-Fried for his shares in Robinhood, which was used as collateral This comes in on the same day as its chapter 11 bankruptcy protection filing in New Jersey court BlockFi ha...