bankruptcy

Celsius faces hurdle as judge hints at new vote for Bitcoin mining shift

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Celsius faces hurdle as judge hints at new vote for Bitcoin mining shift 01/12/2023 at 12:03 By Cointelegraph by Amaka Nwaokocha Judge Martin Glenn reportedly said that the proposed transformation into a Bitcoin mining business deviates significantly from the deal creditors initially voted on. This article is an excerpt from Cointelegraph.com News View Original Source […]

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Celsius grants access to withdrawals for eligible crypto holders

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Celsius grants access to withdrawals for eligible crypto holders 30/11/2023 at 16:02 By Cointelegraph By Amaka Nwaokocha Eligible participants can withdraw 72.5% of their cryptocurrency holdings, subject to transaction fees reducing the total. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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3AC co-founder Kyle Davies spotted in Bali, sources claim

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3AC co-founder Kyle Davies spotted in Bali, sources claim 16/11/2023 at 17:02 By Cointelegraph By Gareth Jenkinson Sources claim that 3AC co-founder Kyle Davies has been based in Bali for months as he continues to evade Singaporean authorities over the collapse of his failed hedge fund. This article is an excerpt from Cointelegraph.com News View

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FTX, BlockFi claims settlement allowed to proceed, judge declares

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FTX, BlockFi claims settlement allowed to proceed, judge declares 14/11/2023 at 17:02 By Cointelegraph By Savannah Fortis A U.S. bankruptcy court judge has ordered the end of an automatic holding placed on claims settlement proceedings between the two bankrupt crypto companies FTX and BlockFi. This article is an excerpt from Cointelegraph.com News View Original Source

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FTX files billion-dollar lawsuit against ByBit over asset withdrawals

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FTX files billion-dollar lawsuit against ByBit over asset withdrawals 12/11/2023 at 12:02 By Cointelegraph By Amaka Nwaokocha The legal action is pursuing “compensatory and punitive damages” from ByBit regarding the token scheme and the assets held on its platform. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Hodlnaut heading for liquidation after failure of restructuring, sale efforts

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Hodlnaut heading for liquidation after failure of restructuring, sale efforts 10/11/2023 at 21:03 By Cointelegraph By Derek Andersen Recovery from the crypto winter is proceeding, but Hodlnaut won’t survive it. A sealed court order in Singapore appears to spell its doom. This article is an excerpt from Cointelegraph.com News View Original Source React to this

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Court confirms Celsius bankruptcy exit plan, $2B in crypto to go to creditors

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Court confirms Celsius bankruptcy exit plan, $2B in crypto to go to creditors 10/11/2023 at 01:02 By Cointelegraph By Derek Andersen The decision ends the complex case with a creditor-approved plan that will see their partial reimbursement and make them shareholders in a new company. This article is an excerpt from Cointelegraph.com News View Original

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FTX probes $6.5M in payments to AI safety group amid clawback crusade

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FTX probes $6.5M in payments to AI safety group amid clawback crusade 26/10/2023 at 08:02 By Cointelegraph By Jesse Coghlan Bankrupt crypto exchange FTX wants to look into millions it had given to the Center for AI Safety, a nonprofit that has argued AI should be a global priority next to pandemics and nuclear war.

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FTX navigates post-bankruptcy options, weighs sale or revival

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FTX navigates post-bankruptcy options, weighs sale or revival 25/10/2023 at 13:05 By Cointelegraph By Amaka Nwaokocha Options reportedly include selling the entire exchange, including its extensive customer base of over nine million, to potentially forming a partnership with another entity to revive the platform. This article is an excerpt from Cointelegraph.com News View Original Source

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Caroline Ellison desired to step down but feared a bank run on FTX

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Caroline Ellison desired to step down but feared a bank run on FTX 14/10/2023 at 01:02 By Cointelegraph By Ana Paula Pereira Former Alameda CEO Caroline Ellison recognized she wasn’t doing a good job months before the company filed for bankruptcy, but Sam Bankman-Fried persuaded her to stay. This article is an excerpt from Cointelegraph.com

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Court approves Genesis settlement of $175M to FTX, expunges billions in claims

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Court approves Genesis settlement of $175M to FTX, expunges billions in claims 12/10/2023 at 14:02 By Cointelegraph By Helen Partz Genesis previously reportedly said that the $175 million settlement was “fair and equitable,” while FTX creditors wanted to contest it. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Binance, Snapchat and capital among things SBF was ‘freaking out about’

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Binance, Snapchat and capital among things SBF was ‘freaking out about’ 12/10/2023 at 04:02 By Cointelegraph By Ana Paula Pereira Former FTX CEO Sam Bankman-Fried was once “freaking out about” getting regulators to crack down on Binance and raising capital from a Saudi Crown Prince, according to Alameda former CEO Caroline Ellison. This article is

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Sam Bankman-Fried goes on trial: A week in review

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Sam Bankman-Fried goes on trial: A week in review 07/10/2023 at 04:02 By Cointelegraph By Ana Paula Pereira The trial of former FTX CEO Sam Bankman-Fried started on October 3. Four witnesses explained to jurors how $8 billion in funds from customers went missing. This article is an excerpt from Cointelegraph.com News View Original Source

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Celsius seeks court approval to start repaying customers by year-end

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Celsius seeks court approval to start repaying customers by year-end 03/10/2023 at 09:02 By Cointelegraph By Martin Young The embattled crypto lender is seeking final court approval for a restructuring plan that will start repaying creditors before the end of 2023. This article is an excerpt from Cointelegraph.com News View Original Source React to this

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Bankrupt IronNet Shuts Down Operations

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Bankrupt IronNet Shuts Down Operations 30/09/2023 at 01:46 By Ryan Naraine Bankrupt and out of financing options, IronNet has terminated all employees and plan to file for Chapter 7 protection. The post Bankrupt IronNet Shuts Down Operations appeared first on SecurityWeek. This article is an excerpt from SecurityWeek RSS Feed View Original Source React to

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Celsius valuation advisor approves value of debtors’ assets and liabilities

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Celsius valuation advisor approves value of debtors’ assets and liabilities 28/09/2023 at 13:05 By Cointelegraph By Arijit Sarkar Stout Risius Ross, the valuation advisor for Celsius Network, confirmed the accuracy of the bankrupt firm’s valuation report. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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SEC raises concerns over Coinbase in objection to Celsius restructuring plan

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SEC raises concerns over Coinbase in objection to Celsius restructuring plan 25/09/2023 at 22:02 By Cointelegraph By Turner Wright Coinbase CEO Brian Armstrong and chief legal officer Paul Grewal issued a joint statement questioning the SEC’s reasoning in its Sept. 22 objection. This article is an excerpt from Cointelegraph.com News View Original Source React to

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Crypto’s Lehman moment: Investors buy $250M of FTX claims — Report

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Crypto’s Lehman moment: Investors buy $250M of FTX claims — Report 22/09/2023 at 13:02 By Cointelegraph By Helen Partz It’s hard to know how much a collapsed crypto firm like FTX would be worth by the time its bankruptcy is resolved. This article is an excerpt from Cointelegraph.com News View Original Source React to this

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FTX opens lawsuit against former employees of Hong Kong affiliate

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FTX opens lawsuit against former employees of Hong Kong affiliate 22/09/2023 at 13:02 By Cointelegraph By Savannah Fortis The bankrupt crypto exchange FTX has opened a lawsuit against former employees of a Hong Kong affiliate company Salameda to recover $157.3 million. This article is an excerpt from Cointelegraph.com News View Original Source React to this

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Mt. Gox Bitcoin repayment: The day that never comes

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Mt. Gox Bitcoin repayment: The day that never comes 21/09/2023 at 13:02 By Cointelegraph By Arijit Sarkar Over the years, Mt. Gox has repeatedly backtracked on plans to reimburse the funds that the crypto exchange had barred its users from withdrawing — effective from Feb 25, 2014. This article is an excerpt from Cointelegraph.com News

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