2023-10-17 16:48 |
In the absence of specific policy, U.S. regulation of crypto has devolved to judges in bankruptcy proceedings, say Yesha Yadav and Bob Stark.
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Prime Trust, a leading crypto custodian, files for Chapter 11 bankruptcy protection in Delaware following internal restructuring moves.
2023-8-15 18:18 | |
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The crypto custodian’s bankruptcy comes as it’s been unable to honor customer withdrawals for months.
2023-8-15 04:55 | |
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Core Scientific should “trim” its restructuring timeline by “at least [one] month,” the federal judge overseeing the crypto miner's bankruptcy said during a Monday hearing as creditors called for the insolvent crypto miner to fast-track its plans to emerge from Chapter 11 bankruptcy.
2023-5-23 01:55 | |
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Cred, a united States-based crypto lending firm, has filed for chapter 11 bankruptcy protection giving a rude shock to its customers. The legal team of Cred filed the bankruptcy papers on November 7th in the District of Delaware.
2020-11-10 17:28 | |
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Crypto lending service Cred filed for bankruptcy on Saturday following a fraud incident that... The post Cred files for bankruptcy as its users push for answers appeared first on Coin Journal.
2020-11-9 16:41 | |
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Crypto lending firm Cred filed for a voluntary Chapter 11 case in the United States Bankruptcy Court for the District of Delaware to explore strategic alternatives, including, without limitation, the restructuring of its balance sheet or the sale of its business as a going concern, in a court-supervised process, it said in a release on […] The post Crypto “bank” Cred files for bankruptcy after alleged multimillion fraud case appeared first on CryptoSlate.
2020-11-9 15:10 | |
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Crypto lending service Cred has filed for Chapter 11 bankruptcy protection leaving its users facing an uncertain outcome as they seek to withdraw assets and recover funds.
2020-11-10 14:00 | |
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In October, the lender published a cryptic letter saying it has experienced “irregularities” in the handling of “specific” corporate funds by a “perpetrator of fraudulent activity.”
2020-11-9 22:17 | |
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Legendary players, Atari is all set to launch its new hardware in more than two decades. But this time, it comes with a twist of crypto. By introducing a way for gamers to spend cryptocurrency in the play, Atari, once an incredibly popular gaming company that has fallen from grace, weathered bankruptcy, and now facing […] The post Atari to Launch a Token to Sell its New Gaming System, VCS; First Hardware in Over 20 Years first appeared on BitcoinExchangeGuide.
2020-10-16 17:13 | |
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Crypto dot com is temporarily suspending its Europe and United Kingdom issuances of MCO debit cards after its former card operator — Germany’s Wirecard AG — slipped into bankruptcy and filed insolvency this week.
2020-6-29 22:50 | |
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Mainstream media has time and again taken a dig at the parabolic returns experienced by the cryptocurrency market. But the stock market is seeing something that even the crypto market hasn’t seen. Car rental company Hertz enjoyed a 1400% increase in its share prices declaring bankruptcy.
2020-6-10 21:04 | |
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Tens of thousands of ex QuadrigaCX users have filed claims against the now-defunct crypto exchange. Lawyer says any disputes could see protracted cases as seen with Mt. Gox, which collapsed in 2014 QuadrigaCX bankruptcy case trustee, Ernst & Young (EY), have said that close to 17,000 people have filed claims for refunds from the defunct […] The post 17,000 Users of Defunct QuadrigaCX Exchange File Claims Worth $300 Million appeared first on Coinjournal.
2020-5-14 17:19 | |
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Close to 17,000 have made a claim for defunct crypto exchange QuadrigaCX's assets, its bankruptcy monitor reported Tuesday.
2020-5-13 23:50 | |
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MT Gox is in the final stages of ironing out the distribution of some 200,000 bitcoin and bitcoin cash which will be given in crypto or fiat depending on each... The post The Only Bankruptcy in History Where People 30x Their Money Preps Distribution appeared first on Trustnodes.
2020-4-8 20:14 | |
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The bankruptcy trustee overseeing the winding up of crypto exchange QuadrigaCX, will be turning all user information over to the Canada Revenue Agency.
2020-3-27 02:56 | |
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Cobinhood, one of the most controversial crypto exchanges, has announced that it is closing its doors after widespread rumors of bankruptcy. “It is with the utmost regret that we make the difficult decision to shut down the COBINHOOD Exchange,” the company posted to its Medium account on Jan.
2020-1-11 11:27 | |
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Crypto mining company Great North Data has reportedly submitted bankruptcy documents, listing millions in liabilities
2019-12-6 16:10 | |
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On Litecoin’s 8th birthday, Charlie Lee was prompted to defend the project against crypto Twitter FUD and allegations about the Foundation’s weak finances
2019-10-15 12:11 | |
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Litecoin has just turned eight years old. LTC was launched in October 2011 and has stood the test of time alongside its big brother which spawned the hard fork. Lately, there has been a lot of FUD over the crypto asset, and most of it is completely tenuous and unnecessary.
2019-10-14 10:30 | |
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The crypto mining industry recently lost one of it's players based in Virginia Beach following a court order. BCause Mining, is set to liquidate its asset's after authorities forced the move on the firm.
2019-10-10 18:34 | |
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In mid-January this year, popular New Zealand crypto exchange, Cryptopia announced its hack which saw users lose crypto assets valued at $16 million USD (which could currently be much higher). After several investigations, court proceedings and pleas for bankruptcy in the U.
2019-10-7 15:47 | |
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QuadrigaCX, the Canadian crypto exchange that closed in January 2019, went through an arduous process and a bankruptcy procedure. Now, the taxman moves in for their cut, demanding tax returns dated between October 2015 and September 2018.
2019-9-17 20:00 | |
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Canada’s Revenue Agency is now looking into the corporate tax returns submitted by QuadrigaCX, the troubled cryptocurrency which collapsed earlier this year, taking approximately $134 million of users’ funds with it.
2019-9-17 14:35 | |
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The ongoing bankruptcy proceedings against the now defunct crypto exchange QuadrigaCX may be moved to the city of Toronto to make investigations easier. The move would come at the request of the trustee overseeing the bankruptcy, Ernst and Young.
2019-8-28 01:00 | |
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A report from QuadrigaCX bankruptcy trustee Ernst & Young published Monday outlines which agencies are investigating the failed exchange.
2019-8-27 18:35 | |
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If you are participating in the crypto market for years, you have probably heard of the time in which Mt Gox, the largest crypto exchange at the time, was hacked and collapsed. This happened back in 2014 and 850,000 BTC was stolen from the servers.
2019-7-9 04:05 | |
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By CCN Markets: Gerald Cotten, the CEO of the Canadian crypto exchange QuadrigaCX whose death is the reason for $190 million of missing funds and a bankrupt company, had transferred user funds to his personal accounts to use them as security for margin trading, a report by Ernst & Young revealed.
2019-6-21 13:07 | |
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The Next Web reported on June 4 that Dutch crypto exchange Blockport declared bankruptcy following a Security Token Offering… The post Dutch Crypto Exchange Files for Bankruptcy appeared first on Invest In Blockchain.
2019-6-6 09:01 | |
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By CCN: Amsterdam-based cryptocurrency exchange Blockport has declared bankruptcy after its security token offering (STO) flamed out in disastrous fashion. Blockport launched a token sale between April 16 and May 15, in which the crypto exchange sought to raise €5 million ($5.
2019-6-4 19:30 | |
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Dutch crypto exchange Blockport will try to relaunch the platform after the firm declared bankruptcy following a failed STO
2019-6-4 18:48 | |
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Cryptopia is undergoing a liquidation and bankruptcy procedure, with uncertainty surrounding the compensation or even the basic rights of traders holding funds on the exchange.
2019-5-31 14:20 | |
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New Zealand crypto exchange Cryptopia was awarded provisional relief by a bankruptcy court in the Southern District of New York. However, if it doesn't come up with $2 million, the Arizona-based company that stored its data could terminate its services, meaning Cryptopia could lose important US user information forever.
2019-5-28 19:40 | |
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The liquidators responsible for New Zealand-based Cryptopia have released the latest update in the continuing fallout from the exchange’s hacking incident in January. However, the statement is unlikely to appease users who are still left waiting for their lost holdings to be refunded.
2019-5-27 15:09 | |
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Cryptopia has filed for bankruptcy protection in the U.S. seeking to preserve vital user data held on servers in Arizona
2019-5-27 13:00 | |
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A famous Taiwan-based crypto exchange Cobinhood has filed for bankruptcy and afterwards allegedly pulled an exit scam. In April 2019, the associated company of Cobinhood, Dexon Foundation, raised over $3 mln on its DXN token.
2019-5-22 21:35 | |
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Cobinhood, a well-known Taiwanese cryptocurrency exchange, allegedly pulled an exit scam after filing for bankruptcy. The exchange’s associated company DEXON Foundation, and its DXN token, raised $3.
2019-5-22 07:25 | |
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Ernst & Young, the court-appointed monitor for troubled Canadian crypto exchange QuadrigaCX, has released its first report since the exchange filed for bankruptcy. Within the write-up, the monitor states QuadrigaCX only has $21 million in assets, a far cry from the $160 million it owes creditors.
2019-5-11 00:12 | |
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Bcause's Spot Market Set Become The “One Stop Shop” For Cryptocurrency Mining And Trading Bcause LCC, a Chicago based crypto mining and exchange startup has stated that it will be launching its spot market in a couple of weeks, in spite of its operation under bankruptcy protection. Thomas Flake, the Co founder of Bcause, has […]
2019-5-8 23:46 | |
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Canadian crypto exchange QuadrigaCX has filed for bankruptcy as the attempt to restructure the company has failed. The move was approved Monday by a Nova Scotia judge, the country’s national broadcaster reported.
2019-4-9 14:46 | |
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Canadian crypto exchange QuadrigaCX should transition into bankruptcy in the coming days, a judge ruled Monday.
2019-4-9 23:17 | |
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Bitcoin’s inception was a direct response to the banks which precipitated the financial crisis in 2007. These financial institutions issued high-risk sub-prime mortgages to individuals unable to make consistent monthly payments, used fractional reserve lending for extreme over-leverage, and facilitated a global crisis following the Lehman Brothers bankruptcy.
2019-4-9 21:26 | |
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Shuttered cryptocurrency exchange QuadrigaCX could be headed toward bankruptcy proceedings to give creditors the best shot at recouping assets. Ernst & Young (EY) in its latest report recommends transitioning Vancouver-based Quadriga Fintech Solutions, the exchange’s parent company, from a restructuring into bankruptcy proceedings.
2019-4-3 15:38 | |
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Ernst & Young has argued that the now-defunct Canadian crypto exchange QuadrigaCX should be placed in bankruptcy rather than undergo a restructuring process
2019-4-3 22:05 | |
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EY, the court-appointed monitor for QuadrigaCX, is looking to move the exchange into bankruptcy.
2019-4-2 19:21 | |
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Cryptocurrency exchanges have been subjected to numerous hacking attacks since its inception and most of the times even if the lost funds are traced, the consumers never get back their funds as the attacked exchange goes bust and files for bankruptcy leaving the consumers in a state of limbo. A recent report from statis group […]
2019-4-1 18:10 | |
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The Swiss Financial Market Authority (FINMA) has stated that a crypto firm that accepted around US$90. 5 million in deposits from more than 37,000 individual investors did so illegally. The company in question, Envion AG, is currently undergoing liquidation proceedings by the Zug bankruptcy authority.
2019-3-28 00:00 | |
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The Tokyo District Court has found Mark Karpeles, the former head of now-defunct Bitcoin exchange platform Mt. Gox, guilty of record tampering but innocent on other charges related to embezzlement and breach of trust.
2019-3-16 22:01 | |
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The cryptocurrency industry, like the traditional finance industry, tends to go through ups and downs, and nearly anyone that runs a business in this sector knows that there will be financial mishaps along the way.
2019-2-28 17:03 | |
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Coinbin, a South Korean crypto exchange, declared bankruptcy on February 22, 2019, citing foul play from inside the company. Business Korea reported on Coinbin’s recent failure, claiming that the company had lost $26 million as a result of theft and the subsequent bankruptcy declaration.
2019-2-27 23:13 | |
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Even comprehensive crypto legislation won’t stop people from making bad investment decisions, says EY's blockchain leader.
USD stablecoin transactions are rising fast, but most of the growth is happening outside of the United States, says Jason Somensatto, Head of North America Policy at Chainalysis.
Absent regulatory approval of spot Bitcoin ETFs, the leading cryptocurrency is likely to remain a speculative asset rather than a true safe-haven asset.
Congressional inaction, the decline of the Chevron doctrine, and regulation by enforcement are decentralizing policy-making power over emerging technologies like blockchain and AI, says Michele Neitz.
Congressional inaction is likely to cause de-dollarization as the country’s foes — and friends — move even faster to get off the U.S. dollar. Americans deserve to know what’s at risk so we can vote accordingly, and get the economy we deserve.
CoinDesk’s “State of Crypto” Week looks at the prospects for digital assets legislation and regulation in Washington D.C.