Tag: bankrupt
Customers of Bankrupt Crypto Lender Voyager Could Recover 72% of Their Funds if FTX Sale is Approved
In a letter to the court filed on Oct. 18, Voyager debtors said the sale to FTX US would allow customers to recover around 72% of the value of crypto [...]
Bankrupt Crypto Lender Voyager Plans to Settle CEO, CFO Negligence Claims Related to Three Arrows Loans
When LUNA and its sister token TerraUSD began to collapse in May, Voyager sought to determine the impact on Three Arrows and was initially told Three [...]
SEC, CFTC Probing Bankrupt Crypto Hedge Fund Three Arrows Capital: Report
The Singapore-based Three Arrows filed for bankruptcy in July, saying its business had “collapsed in the wake of extreme fluctuations in cryptocurrenc [...]
Former CEO of Bankrupt Crypto Lender Celsius Cashes Out $960K in CEL, USDC, Data Show
Alex Mashinsky, who resigned as Celsius’ CEO on September 27, continues to move crypto out of wallets while withdrawals are suspended for customers.
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Marathon reports $80M exposure to bankrupt mining firm
Marathon has outlined that at this stage its operations hosted by Compute North will continue to operate as [...]
Bitcoin Miner Marathon Invested $31.3M in Bankrupt Data Center Compute North
However, the miner said its King Mountain and Wolf Hollow sites are not directly subject to Compute North’s bankruptcy process. Marathon said it didn’ [...]
Bankrupt Crypto Lender Celsius Founder, Alex Mashinsky, Withdrew $10M Weeks Before Company Froze Customer Accounts: Report
A Mashinsky spokesperson, cited by the paper, said that the entrepreneur had disclosed to an unsecured creditors committee (UCC) in the bankruptcy pro [...]
Chandler Guo Predicts 90% of PoW Miners Will Go Bankrupt
Chandler Guo, a big player in Ethereum mining, told CoinDesk TV that his proof-of-work fork’s debut has earned just a 5 out of 10 rating.
www.coindes [...]
Binance, FTX Among Crypto Players in Hunt to Buy Bankrupt Voyager Digital’s Assets as Coinbase Backs Out: Sources
Binance, the world’s largest crypto exchange, is keen to purchase Voyager, according to industry sources who have learned of the company’s interest. “ [...]
Bankrupt Crypto Lender Celsius Sues Prime Trust Over $17M in Tokens
But Celsius, which recently filed for bankruptcy protection and owes its creditors billions of dollars, said Prime Trust “has refused to fulfill its o [...]
Bankrupt Lender Celsius CEO Owes Creditors Transparency, Cryptocurrency Lawyer Says
Until financial details are clear, however, Hodder said that Celsius should not only be more transparent, but should “stop spending exorbitant funds e [...]
Bankrupt Crypto Lender Celsius Now Says It Likely Has Enough Cash to Last Through End of Year
According to Ferraro, since its last filing on July 29, Celsius has spent $40 million of its cash balance primarily on building out its mining site in [...]
Canadian Pension Giant Caisse Writes Off $150M Bet on Bankrupt Crypto Lender Celsius
The fund invested $150 million in Celsius in the fall of 2021. “Blockchain technology has the potential to disrupt several sectors of the traditional [...]
Bankrupt Crypto Lender Celsius Gets Cash-Injection Offers, Approval to Sell Mined Bitcoin
Celsius lawyer Josh Sussberg disclosed the receipt of cash-injection offers during a Tuesday bankruptcy hearing but didn't say how big the offers were [...]
Bankrupt Lender Celsius’ Token Surges on Twitter-Driven Short Squeeze
“Since the circulating supply is very small, it is technically possible to create a short squeeze, although the impact in the overall market could be [...]