Tag: bankrupt
Bitcoin bottomed as ‘everyone who could go bankrupt has gone bankrupt’
Arthur Hayes, the former CEO of crypto derivatives platform BitMEX, thinks the worst might be over for Bitcoin (BTC) this cycle as the "largest most i [...]
Founders of Bankrupt Crypto Hedge Fund Three Arrows Capital Subpoenaed in US
“The Foreign Representatives and their agents are authorized to serve subpoenas for the production of documents and testimony upon the Founders, the I [...]
Bitcoin Miner Marathon Expects to Recover Less Than Half Its Deposit From Bankrupt Compute North
In other updates, Marathon said it reduced its revolver borrowings to $30 million from $50 million and – after mining 472 bitcoin in November – has 4, [...]
Galaxy Digital Agrees to Buy GK8 From Bankrupt Crypto Lender Celsius: Bloomberg
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Customers of Bankrupt Lender Celsius Can File Proofs of Claim by January
Celsius' motion, approved by U.S. Bankruptcy Court of the Southern District of New York last week, requires customers to submit proofs of claim on or [...]
Bankrupt crypto exchange FTX begins strategic review of global assets
As part of the recent bankruptcy filing, the defunct crypto exchange FTX, along with 101 of the 130 affiliated companies, announced the launch of a st [...]
Voyager Token Surges on Report Binance to Offer Lifeline to the Bankrupt Crypto Lender
Voyager filed for Chapter 11 bankruptcy protection in early July, citing more than 100,000 creditors and as much as $10 billion in assets and liabilit [...]
Binance to Relaunch Bid for Bankrupt Lender Voyager: Source
The previous Voyager sale saw FTX emerge as the “white knight,” beating out Binance.
www.coindesk.com [...]
Celsius is Owed $12M by Alameda Research, Newest Member of Bankrupt Crypto Club
The bankrupt crypto lender’s new CEO told the judge Celsius Mining has approximately 40,000 mining rigs.
www.coindesk.com [...]
Bankrupt FTX Faces Criminal Investigation in the Bahamas
The once multi-billion dollar cryptocurrency enterprise, which was headquartered in the Bahamas, started unraveling after a CoinDesk article questioni [...]
Bankrupt Crypto Lender Voyager Reopens Bidding Process Following FTX’s Collapse
Voyager Digital is ending the deal to sell itself to FTX US after the latter also declared bankruptcy on Friday.
www.coindesk.com [...]
Who is John Jay III, the New CEO of Bankrupt Crypto Exchange FTX?
"It appears that the crypto industry is having a bit of an ‘Enron’ moment,'' said Kusz. “We believe that similar to post-Enron, individuals and instit [...]
Bankrupt Crypto Lender Celsius Files Motion to Extend Submission Time for Reorganization Plan
A judge also temporarily denied Celsius from paying certain employees a retention bonus, a total of nearly $3 million. The plan, which Celsius’ lawyer [...]
Lender Generate Capital to Buy Bankrupt Bitcoin Miner Compute North's Stake in Two Bitcoin Mining Facilities
The lender is paying $5 million in cash and assuming liabilities associated with the two sites, which total 400 MW of operating capacity.
www.coindes [...]
Crypto Custodian Prime Trust Agrees to Return $17M in Tokens to Bankrupt Lender Celsius
Celsius had sued Prime Trust in August, alleging that Prime Trust had improperly withheld the tokens when the two terminated their contract in June 20 [...]