Alex Dovbnya Genesis Global has now filed for Chapter 11 bankruptcy protection after a series of tumultuous events have caused severe liquidity issues for the troubled crypto brokerage Genesis Global ...
Tag: filing
Genesis bankruptcy filing sparks various community responses
As the crypto lender Genesis Global Trading filed for Chapter 11 bankruptcy protection in New York, members of the crypto community went on social media to express their thoughts on the matter. From ...
Genesis’ Largest Transactions Before Bankruptcy Filing Revealed
Nansen’s data revealed that Genesis stood at a balance of $397 million at the time of bankruptcy filing. The largest transactions on the CEX included $51.9M USDC deposited to Coinbase. Followed by $43...
Cumberland and Mirana Ventures criticize ‘sloppy’ Genesis bankruptcy filing
Crypto trading firm Cumberland and investment firm Mirana Ventures complained of inaccuracies in Genesis Global’s bankruptcy filing, describing it as “misleading and incorrect” and &...
Bitcoin Shakes Off Genesis Bankruptcy Filing
Bitcoin has not moved as expected despite the news of Genesis, one of the largest crypto lenders in the world, filing for bankruptcy. This lack of negative movement from bitcoin in response to the new...
Bed Bath weighs bankruptcy filing in New Jersey, beefs up legal team
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 is bulking up it...
Crypto markets hold steady in face of Genesis bankruptcy filing
Crypto markets saw minimal volatility over the past 24 hours despite Digital Currency Group (DCG) subsidiary company Genesis Global Capital filing for Chapter 11 bankruptcy on Jan. 19. Insolvency rumo...
Filing reveals eye-popping amount former Disney executive earned during his brief tenure
A preliminary proxy statement filed Tuesday by The Walt Disney Company revealed the enormous amount of money former Chief Corporate Affairs Officer Geoff Morrell earned in connection to his time at th...
Genesis Global Capital Is Reportedly Preparing For A Bankruptcy Filing
– Advertisement – Genesis Global Capital is reportedly preparing to file for bankruptcy. The DCG subsidiary has been in negotiations with several creditor groups. Genesis has been struggl...
Genesis bankruptcy filing expected soon
The cryptocurrency lending industry is facing yet another setback as Genesis Global Capital plans to file for bankruptcy in the coming days. According to Bloomberg News, sources familiar with the sit...
Genesis reportedly preps for bankruptcy filing; ConsenSys plans layoffs
The biggest news in the cryptoverse for Jan. 18 saw rumors circulate suggesting that Genesis is preparing a prepackaged bankruptcy filing. Meanwhile, Ethereum development firm ConsenSys announced that...
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...
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...
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...
Here’s how to get a faster tax refund during the 2023 filing season
Bill Oxford | E+ | Getty Images Despite falling inflation, many Americans are still struggling financially and will need their annual tax refund to help cover the basics. Some 30% of Americans overal...
Here are 3 moves to make before the 2023 tax filing season opens
mediaphotos | E+ | Getty Images Enlist tax prep help One of the first things to consider: Will you be filing your own taxes this year or tapping an expert to file a return on your behalf? If you’...
FTX Bankruptcy Filing Reveals SBF’s Connection With VC Firms
FTX exchange, a popular cryptocurrency exchange which was widely used by traders to buy and sell coins and tokens filed for bankruptcy on 11 November. Since then the investigation team has been on the...
Core Scientific Mined Over 1,400 BTC in December Despite Bankruptcy Filing
One of the leading bitcoin mining companies – Core Scientific – mined 1,356 BTC in November and 1,435 BTC in December. It also boosted its self-mining hashrate from 15.4 EH/s to 15.7 EH/s. The positiv...
Bankruptcy Filing Reveals Tom Brady, Kevin O’Leary, and Coinbase Among Major FTX Creditors
Football star Tom Brady, companies under the control of New England Patriots Robert Kraft, and crypto firms Blackrock, Coinbase, Lightspeed Venture Partners, Pantera Ventures, and Tezos Foundation are...
FTX units on auction block draw 117 interested buyers: Court filing
As many as 117 parties have expressed interest in buying up one or more of FTX’s independently operated subsidiaries including FTX Japan, FTX Europe, LedgerX and Embed, according to a court filing. Th...
A Court Filing on The Expenditure of FTX in Recent 9 Months
According to a document filed in the Delaware bankruptcy court, the Bahamian entity of FTX has spent almost $40 Million on hotels, food, and travel in recent 9 months. The lawyers pointed out in the c...
Crypto Lender Genesis Reduces Staff As It Ponders On Bankruptcy Filing
A lot of ups and downs going on in the crypto industry have pushed some, if not most, companies to the edge of insolvency. Following its request for emergency bailout funding, popular crypto lender Ge...
Crypto exchange Gemini is over three months late in filing its UK accounts
Crypto exchange Gemini’s UK subsidiaries have missed the deadline to file their 2021 accounts by over three months. UK tax authorities require companies to file accounts with Companies Hou...
Will CEL turn all odds in its favor despite Celsius Network filing its latest motion?
Celsius filed a motion to allow customer get more time to file their claims CEL was almost nonexistent on-chain but the technical outlook displayed bullishness Crypto lending firm Celsius Network [CEL...
Sam Bankman-Fried‘s legal team warns of ‘harassment and threats’ to parents in latest court filing
The legal team behind former FTX chief executive officer Sam Bankman-Fried has petitioned a court to redact certain information on individuals acting as sureties for his $250-million bond, citing thre...
Elon Musk has destroyed more than half of Twitter’s value in a little over 2 months, investor filing suggests
The saga of Elon Musk’s ownership of Twitter dominated headlines in 2022. First Musk bid $54.20 for the firm, seemingly a pot joke, then shocked Wall Street by signing a binding merger agreement for t...
Celsius Requests To Prolong the Claims Filing Deadline To February 2023
20 seconds ago | 2 mins read Market News Celsius network files a petition for extension of claims deadline. For the second time, Celsius requested time to file proofs of claim. The crypto community is...
SBF Filing Details $546 Million Purchase of Robinhood Shares
Ex-FTX CEO Sam Bankman-Fried and ex-FTX CTO Gary Wang took out loans from Alameda Research to buy stock in the publicly traded exchange Robinhood, according to documents released on Tuesday by the Eas...
FTX Paid $12M Retainer to Law Firm Before Bankruptcy Filing
Before filing for bankruptcy, FTX paid its lead lawyers over $12 million to oversee the earliest parts of its Chapter 11 bankruptcy proceedings. According to court filings, the now-bankrupt cryptocurr...
FTX indemnifies $12 million as security before filing for its Bankruptcy
17 seconds ago | 2 mins read News FTX paid its lawyers a whopping $12 million as a retainer to its Chapter 11 bankruptcy proceedings. District Judge Ronnie Abrams steps down from the FTX case. The FTX...
FTX paid $12M retainer to a New York law firm before bankruptcy filing
Defunct crypto exchange FTX paid a retainer of $12 million to bankruptcy lawyers as security for payment of its fees and expenses amid Chapter 11 bankruptcy proceedings, shows a court filing dated Dec...