Cryptocurrency lending company Genesis has refuted speculation that it is planning an “imminent” bankruptcy filing should it fail to cover a $1 billion shortfall caused by the fall of cryp...
Tag: Bankruptcy
Celsius Customers Have Until January to File Claims in Bankruptcy Proceedings
The U.S. Bankruptcy Court of the Southern District of New York has approved a request by bankrupt crypto lender Celsius to set a deadline for its customers to submit proofs of claim in the ongoing ban...
Binance will not invest in crypto lender Genesis: WSJ
After crypto lending firm Genesis suspended client redemptions and indicated it would seek a $1 billion emergency cash loan, major potential backer Binance said no to the investment, the Wall Street J...
Cyber Attackers Are Taking Advantage Of FTX’s Bankruptcy
The cyber attackers are utilizing the current situation of the crypto market to steal the funds from the FTX platform. After the announcement of FTX filings on November 11, 2022, millions of dollars’ ...
Bankruptcy Court Sets Deadline for Celsius Users to File Claims
The US Bankruptcy Court of the Southern District of New York approved crypto lender Celsius’ motion for a deadline for customers to file a claim. January 3rd, 2023, has been set as the last date for c...
Genesis warns of possible bankruptcy without funding: Bloomberg
Genesis is having a hard time raising cash for its lending unit, and it is warning potential investors it could possibly file for bankruptcy if it is unable to do so, Bloomberg reported, citing people...
Major Reveals From The FTX Bankruptcy Filing, What’s The Takeaway?
With the FTX crypto exchange’s collapse, many events erupted in the crypto space. As a result, more of FTX’s investors and partners record massive losses with no potential recovery system. FTX filed f...
US court sets deadline for Celsius bankruptcy claimants
The Celsius bankruptcy case is still pending in the United States Bankruptcy Court for the southern district of New York State, which has established a new deadline for the submission of documents rel...
Celsius Customers Need to File Claims by January 3 in Bankruptcy Case
Celsius explained that customers who agree to the company’s scheduling of the claims do not need to submit a proof of claim. In the latest development with Celsius Network, a bankruptcy court has set ...
Celsius bankruptcy victims get proof-of-claim deadline from US court
The ongoing case of the Celsius bankruptcy continues as the United States Bankruptcy Court in the southern district of New York State approved a new filing deadline. According to an official document,...
Will Binance Take Over the Crypto Market Following FTX Bankruptcy?
With the recent insolvency of FTX, the crypto market has entered one of the most serious crises in its history. One of the world’s largest cryptocurrency exchanges failed, causing a severe market cras...
Oryen Network Secures All User Funds On Chain Unlike Many CEXs, FTX Declares Bankruptcy Due To Insolvency
With its constant 90% annual percentage yield and 0.177% daily return on investment for holders, Oryen ($ORY) has been experiencing a rapid price increase. Not long after crypto whales like Jim Crypto...
FTX Collapse: 50 Creditors Seeking $3 Billion
Bankrupt cryptocurrency exchange FTX said its top 50 creditors are seeking $3 billion in claims. The insolvent company released the amount of the claims of each of the top creditors, but did not name ...
FTX owes over $3 billion to its 50 biggest creditors: Bankruptcy filing
According to a court filing on Nov. 20, FTX Trading LTD owes its top 50 creditors over $3 billion USD. The document, which was submitted through the United States bankruptcy court for the district of ...
The PC boom has gone bust, and we are about to see the results ahead of Black Friday
The pandemic-fueled personal-computer boom has ended, so how will that affect demand and pricing for PCs and the retailers that sell them this holiday season? A sense of the fallout will be provided i...
Court sets Jan. 3 deadline for Celsius customers to file claims in bankruptcy case
The deadline for Celsius customers to file a claim in the company’s bankruptcy case is Jan. 3, 2023. The bankruptcy court handling Celsius’s case set Jan. 3 as the bar date, the last day credito...
$333 Million in Bitcoin Vanished from FTX Days Before the Company Filed for Bankruptcy Protection – Bitcoin News
While it’s widely reported that hundreds of millions of dollars in Ethereum-based tokens were siphoned from the FTX wallet after the company filed for bankruptcy on Nov. 11, 2022, another $333 million...
Bankman-Fried’s FTX Was a Wild West And a Personal Bank
It was the Wild West. A place where everything was acceptable. Everything was allowed and there was no control to call to order those who went too far. There was no red line. The CEO considered the ...
These Are the Most Shocking Findings From FTX’s Bankruptcy Filing
In the wake of crypto exchange FTX’s collapse, which triggered a severe contagion across the industry, many shocking discoveries have been made about the company’s governance and management system. A ...
‘Everyone’s learning crypto bankruptcy right now.’ The FTX crash is set to be a ‘gold rush’ for lawyers
The spectacular collapse of cryptocurrency exchange FTX has been compared to the collapse of Lehman, Enron and the Bernie Madoff scandal. And just like in those cases, lawyers steeped in crypto know “...
The Latest On Bankruptcy Fallout
The beleaguered cryptocurrency exchange FTX, which recently filed for bankruptcy, has fired some of Sam Bankman-Fried’s top deputies. There were close to 300 staff members at FTX, many of which ...
Cryptocurrency Prices And News: Bitcoin Flat As FTX Bankruptcy Impacts Spread
Cryptocurrency News: Cryptocurrency prices were relatively unchanged late Friday as the dramatic collapse of digital assets continues to play out. Scroll down to catch up on the latest crypto headline...
Bankrupt FTX Considers Selling Its Assets
John Ray, the chief restructuring officer and new CEO of fallen cryptocurrency exchange FTX, is wasting no time. Eight days after being named head of the restructuring of Sam Bankman-Fried’s emp...
FTX Collapse: Elon Musk Takes on a Silicon Valley Powerhouse
The implosion, within a few days, of the FTX cryptocurrency exchange is a financial fiasco which has not yet revealed all its implications, collateral damage and accountabilities. FTX is a company whi...
FTX Bankruptcy leads to tax confusions.
On Friday, the crypto exchange FTX along with Alameda Research and its 130 associates filed for Chapter 11 bankruptcy. Soon after the company filed for chapter 11 bankruptcy, the chief executive...
Is The FTX Bankruptcy Going To Affect The Coinbase Price In The Crypto Market
The downfall of FTX in the crypto market is having side effects on US-based crypto exchange Coinbase. Bank of America has stated that it will downgrade Coinbase from “buy to neutral.” In the last 24 h...
FTX bankruptcy filing details, Binance’s crypto industry fund and a U.S. CBDC pilot: Hodler’s Digest, Nov. 13-19
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, pr...
Nouriel Roubini Says with Bankruptcy Risk to Digital Currency Group Bitcoin May Drop Harder
Yuri Molchan Prominent economist keeps bashing crypto space, saying that Barry Silbert’s DCG may go bankrupt and push prices lower Contents Roubini claims Barry Silbert’s DCG may be at risk Taking a j...
Investment Fund Temasek Victim of FTX Bankruptcy
In a formal statement released on Thursday, Temasek International, the public investment fund of Singapore, stated that it was writing down US$275 million it had invested in the defunct cryptocurrency...