2023-3-17 15:37 |
The company said on Friday it had filed for court-supervised reorganization in the United States Bankruptcy Court for the Southern District of New York to preserve value.
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Bankrupt crypto lender BlockFi has asked the court to dismiss a bankruptcy case filed by Sam Bankman-Fried’s (SBF) Emergent Technology company over a tussle to control 55 million Robinhood shares.
2023-2-17 12:50 | |
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Parent company Digital Currency Group would turn its equity in Genesis Global Trading over to a holding company as part of an effort to sell both firms.
2023-2-11 01:22 | |
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Cryptocurrency ATM company Coin Cloud has filed for bankruptcy, according to a document submitted to Nevada’s bankruptcy court on February 7. The post Genesis-backed Coin Cloud files for bankruptcy on its ATM network appeared first on CryptoSlate.
2023-2-9 08:30 | |
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The company was in “hyper-growth” in January 2022, now it has over 5,000 creditors and debts over $100 million; bankrupt Genesis is its largest creditor.
2023-2-9 23:15 | |
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U.S Judge John Dorsey ordered that FTX's new leadership and its official creditor committee can subpoena the company's founders and former executives, including Sam Bankman-Fried, Gary Wang, Caroline Ellison, Nishad Singh and Bankman-Fried's family.
2023-2-9 19:36 | |
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Per a report from CoinDesk, crypto lending firm Genesis and its parent company Digital Currency Group (DCG) are moving forward with the former’s bankruptcy process. The companies reached a “principle agreement” to restructure the lending firm.
2023-2-7 21:32 | |
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Emergent Fidelity has filed for Chapter 11 bankruptcy following the seizure of its over half a billion dollars worth of Robinhood shares by the US government. The company is co-owned by the disgraced former FTX CEO Sam Bankman-Fried (90%) and…
2023-2-6 15:19 | |
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A below par financial performance, bankruptcy filings and company closures, exposure to FTX’s collapse, job cuts, and slow down in certain investments or projects were some of the challenges crypto companies faced in the year 2022.
2023-2-5 23:19 | |
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Emergent Fidelity Technologies filed for Chapter 11 in U.S. Bankruptcy Court for the District of Delaware to pursue a “form of joint administration” between its case and FTX’s.
2023-2-6 00:45 | |
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Emergent Fidelity Technologies filed for Chapter 11 in U.S. Bankruptcy Court for the District of Delaware to pursue a “form of joint administration” between its case and FTX's.
2023-2-4 00:45 | |
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The court-appointed independent examiner in the bankruptcy case of crypto lender Celsius has filed a final report, confirming the company's operation as a Ponzi scheme.
2023-2-1 20:49 | |
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US-based cryptocurrency exchange Gemini – founded by twin brothers Cameron Winklevoss and Tyler Winklevoss – is embroiled in a fresh tussle with Genesis Capital’s parent company DCG after the crypto lender (Genesis) filed for bankruptcy protection.
2023-1-30 22:18 | |
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One order authorizes Celsius to return funds transferred to the platform after the company filed for bankruptcy last July, subject to certain conditions.
2023-1-26 15:17 | |
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Lawyers for Genesis Global told a New York bankruptcy court on Monday that they’ve been working with their creditors’ representatives and the U.S. Trustee’s Office “around the clock” for the past two months in order to reach a “consensual resolution” with the embattled company’s creditors.
2023-1-24 01:40 | |
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It just saw one of the biggest movements of ETH ever, just as its corporate sibling filed for bankruptcy. Its big transfers tend to coincide with big events at the company.
2023-1-24 01:08 | |
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Digital Currency Group, the parent company of both Genesis and Grayscale, released a statement on January 20 commenting on the news that Genesis had filed for Chapter 11 bankruptcy. The post DCG responds to Genesis bankruptcy; Bitcoin jumps 4% as contagion fears lessen appeared first on CryptoSlate.
2023-1-21 23:58 | |
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Two sources familiar with the issues at Genesis allege that the company’s global creditors have agreed to negotiate a prepackaged bankruptcy plan.
2023-1-19 00:22 | |
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On Jan 16th, 2023, The New York Times reported that CoinDesk, the company that broke the news that led to FTX filing for bankruptcy, is also in trouble.
2023-1-18 00:40 | |
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Solana (SOL), Serum (SRM), and the FTX Token (FTT) have been at the forefront of the crypto rally. Despite all of these coins being linked to the FTX crypto exchange and suffering dearly for it when the company filed for bankruptcy, they have been able to stage a massive reversal. These three coins feature at […]
2023-1-16 20:00 | |
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A Delaware bankruptcy Judge, John Dorsey, has allowed FTX to sell four business units. The sale includes LedgerX and three other business units as the company seeks to reimburse its creditors. In a ruling made on Jan. 13, the judge…
2023-1-13 16:50 | |
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The bankruptcy case involving the collapsed crypto hedge fund, Three Arrows Capital (3AC) continues to unfold; co-founder Kyle Davis claims that the company’s creditors are ‘frustrated’.
2023-1-12 00:47 | |
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Cameron accused Silbert of misrepresenting statements to Gemini on how the company was capitalized DCG’s responsibility for Genesis restructuring and bankruptcy based on non-callable $1.
2023-1-11 08:43 | |
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The crypto winter has stretched longer than predicted by many experts and has made several web3 firms think outside the box to stay afloat. Digital asset payment platform Wyre has announced a new withdrawal policy in the wake of bankruptcy concerns hovering around the company.
2023-1-11 22:38 | |
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The crypto lending company BlockFi has said it will be transparent about its assets, debts, and payments made before declaring bankruptcy in November. BlockFi’s upcoming court session In a Twitter thread, BlockFi stated that it had submitted a briefing for…
2023-1-10 12:54 | |
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The company claimed that no members of the BlockFi management team had withdrawn any crypto from the platform since October.
2023-1-10 23:45 | |
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Bitcoin, following the implosion of crypto exchange FTX, continues to struggle not only in terms of its trading price but also in its profitability. It can be recalled that the company, back in November 2022, moved to file Chapter 11 bankruptcy in a U.
2023-1-9 13:28 | |
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Financial turbulence at the company has been simmering since November, when crypto exchange FTX filed for bankruptcy
2023-1-6 09:21 | |
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The United States Bankruptcy Court subpoenaed Three Arrows Capital co-founder Kyle Davies on Twitter to produce vital company documents. The post 3AC Founder Subpoenaed on Social Media After Constantly Tweeting Following Bankruptcy appeared first on BeInCrypto.
2023-1-6 22:49 | |
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A federal judge ruled that customers of Celsius's interest-bearing "Earn" product had turned over control of their assets to the bankrupt crypto lender, meaning they are now part of the company's bankruptcy estate.
2023-1-5 09:51 | |
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On December 13, 2022, John Ray III, the new CEO of FTX Group overseeing its bankruptcy, testified before congress on the collapse of FTX. Ray’s testimony highlighted a number of corporate failures at the now defunct FTX and the efforts underway by his new management team to identify and recover the company’s assets of the […]
2023-1-3 22:12 | |
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Bitfarms CEO Emiliano Grodzki has resigned. He will be replaced by Geoffrey Morphy, the company's chief operating officer. This comes amid a disastrous year for Bitcoin miners, causing some large firms to declare bankruptcy.
2022-12-30 11:45 | |
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Argo Blockchain (NASDAQ: ARBK) (LSE: ARB) shares today shot up by over 100% following the company securing a $100 million deal with Galaxy Digital.
2022-12-29 23:40 | |
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The company said earlier this month it was close to restructuring without having to declare bankruptcy.
2022-12-27 15:06 | |
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Coinspeaker Bitcoin Miner Core Scientific to File for Bankruptcy but to Continue Mining By the end of trading on Tuesday, the company’s market capitalization had dropped to $78 million from a $4.
2022-12-21 16:12 | |
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Core Scientific has filed for Chapter 11 bankruptcy protection. The company will continue its mining operations during the bankruptcy proceedings. Bitcoin mining giant Core Scientific Inc.
2022-12-21 14:47 | |
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Core Scientific has filed for Chapter 11 bankruptcy protection in Texas due to to reduced Bitcoin mining profits and increasing costs. The post Bitcoin Mining Company Core Scientific Succumbs to Crypto Winter, Files for Bankruptcy appeared first on BeInCrypto.
2022-12-21 12:15 | |
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According to a press release, Binance US will buy Voyager’s assets as part of the bankruptcy proceedings. The company will seek legal approval for the purchase to “the value returned to customers and other creditors.
2022-12-19 17:35 | |
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The U. S. Congress held a second hearing this week to examine the effects of FTX’s bankruptcy. The company went bankrupt in November, shocking the sector and fueling criticism of Washington’s lax regulation.
2022-12-15 23:50 | |
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Despite assurances from founder Sam Bankman-Fried, the distinctions between crypto exchange FTX US and its international sibling were no more than superficial, John Ray III, the replacement CEO steering the company through bankruptcy, told lawmakers on Tuesday.
2022-12-14 19:37 | |
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The London-based company warned, however, there's no guarantee it will be able to do so.
2022-12-13 21:35 | |
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Argo Blockchain, a crypto mining company, has reportedly accidentally revealed a petition for bankruptcy. The post Argo Blockchain may have accidentally reveals plans for bankruptcy appeared first on CryptoSlate.
2022-12-11 04:00 | |
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The cryptocurrency-focused financial services firm won an auction to buy the company from crypto lender Celsius, which filed for Chapter 11 bankruptcy protection. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.
2022-12-6 01:59 | |
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A property worth $8. 7 million that reportedly belongs to Sam Trabucco, ex-Alameda Research CEO, has been unveiled. Allegedly, Trabucco bought the million-dollar property right before his company collapsed.
2022-12-6 00:00 | |
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The cryptocurrency-focused financial services firm won an auction to buy the company from crypto lender Celsius, which filed for Chapter 11 bankruptcy protection. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.
2022-12-3 00:51 | |
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, Mark Karpeles said he got himself involved with crypto-related stuff back in 2010. Back then, he had a hosting company, and one of his clients reported that he had problems making payments via bank and was considering shifting to making payments via bitcoin.
2022-12-1 15:33 | |
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FTX subsidiary LedgerX is preparing to put up $175 million toward its parent company's bankruptcy proceedings, Bloomberg reported Wednesday, citing people familiar with the matter.
2022-11-30 17:48 | |
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Vice President of the Hong Kong exchange AAX, Ben Caselin, has announced that he has resigned. The post VP of AAX speaks out against handling of company bankruptcy decision appeared first on CryptoSlate.
2022-11-29 23:04 | |
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Despite FTX’s ongoing bankruptcy proceedings, the Abu Dhabi-Based Crypto Firm, Hayvn, sets out to buy FTX Pay. The company is not buying FTX Pay for its technology but for its relationships. Hayvn sees “gold” in infamous FTX landfill Abu Dhabi-based…
2022-11-26 05:00 | |
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FTX’s bankruptcy proceedings continue, and the company has now asked a judge to allow it to hire BitGo to secure its assets. Bankrupt crypto exchange FTX has notified a federal judge that it wants to hire BitGo to safeguard the remainder of its digital assets as bankruptcy proceedings play out.
2022-11-24 14:50 | |
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Crypto might have a banking problem, but banks don’t have a crypto problem.