2023-6-28 10:53 |
Creditors accuse CEO Zac Prince of defrauding customers and the company of “mischief” in delaying a wind-up. origin »
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Voyager Official Committee of Unsecured Creditors (UCC) has announced that the court has approved the firm’s liquidation procedures.
2023-5-18 18:01 | |
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According to recent reports, Celsius network recently applied to a New York bankruptcy judge to keep custody of their customers’ accounts. Celsius network claims to have full custody over all wallets and the funds therein. However, the account holders maintain…
2022-11-10 01:52 | |
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A group of Voyager's creditors have formally objected to the beleaguered crypto lender's bid to pay "retention awards" to its current employees, saying Voyager has done nothing to reduce personnel costs.
2022-8-20 06:06 | |
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A group of Voyager's creditors have formally objected to the beleaguered crypto lender's bid to pay "retention awards" to its current employees, saying Voyager has done nothing to reduce personnel costs.
2022-8-20 06:06 | |
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With multiple financing offers reportedly coming for Celsius Network, it announced it would meet with the Unsecured Creditors Committee (UCC) on August 23 to consider possible options to accelerate the recovery of the customer’s funds.
2022-8-17 16:45 | |
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Wall Street credit traders specializing in bankruptcy claims are offering customers of bankrupt crypto firms some of their money back. The post Bankruptcy Claims Traders Have Begun Offering Creditors of Embattled Crypto Firms a Lifeline appeared first on BeInCrypto.
2022-8-10 22:30 | |
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The Committee representing customers affected by Celsius’ bankruptcy has issued a mission statement as it seeks further investigation into CEO Alex Mashinsky for allegedly misleading the public.
2022-8-9 18:00 | |
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Legal experts survey the undiscovered country that awaits customers of the bankrupt cryptocurrency lending platform.
2022-7-27 20:43 | |
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The prospects of Celsius’ creditors recovering their funds from the exchange any time soon are looking slim, with parties advised to brace themselves for an extended tussle in court. The post Celsius Customers Could Wait Years to Access Funds appeared first on BeInCrypto.
2022-7-18 12:30 | |
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Voyager Digital has filed for Chapter 11 bankruptcy and begun the process of restructuring the company to meet its obligations to creditors and customers. The company issued the news late...
2022-7-6 09:13 | |
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The new language points out that customers could be treated as general unsecured creditors if there ever were to be such proceedings.
2022-5-11 07:45 | |
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The new language points out that customers could be treated as general unsecured creditors if there ever were to be such proceedings.
2022-5-11 07:45 | |
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It’s been a long and winding road with many twists and turns for the beleaguered cryptocurrency exchange QuadrigaCX and its 115,000 former users who are owed roughly $190 million.
2019-4-10 17:39 | |
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QuadrigaCX, the cryptocurrency exchange which owes its customers $134 million in cryptocurrency following the unexpected death of its founder, is moving into bankruptcy proceedings. The company’s request to move into bankruptcy was approved by a Canadian Supreme Court yesterday.
2019-4-9 11:55 | |
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Nobuaki Kobayashi, trustee of the notorious Japanese Bitcoin (BTC) exchange Mt. Gox, has sent the decisions on rehabilitation claims to customers
2019-4-4 17:43 | |
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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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Law firms Miller Thomson and Cox & Palmer have appointed a new committee to aid them in representing close to 115,000 customers of the now defunct Canadian cryptocurrency exchange QuadrigaCX. This according to a court notice published March 19, 2019.
2019-3-22 12:00 | |
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The problems amongst the QuadrigaCX platform date back over a year, but their most recent development is amongst the creditors. Law firms Miller Thompson and Cox & Palmer have created a commit on behalf of the 115,000 former customers of the platform, according to a court notice on March 19th. On a post on Wednesday, […]
2019-3-21 18:50 | |
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QuadrigaCX, the Canadian cryptocurrency exchange embroiled in an ongoing mystery about the disappearance of $134 million in customers’ funds, has been granted an extension on its 30-day order for creditor protection.
2019-3-6 13:34 | |
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QuadrigaCX Exchange’s founder, Gerald Cotten, passed away more than two months ago, and with his death, the keys to the exchange’s cold storage allegedly went to the grave with him.
2019-2-26 22:21 | |
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Justice Wood has appointed legal counsel to represent some 115,000 creditors in incipient legal proceedings against seemingly insolvent cryptocurrency exchange QuadrigaCX, documents published today, February 19, 2019, from the Halifax, Nova Scotia court reveal.
2019-2-20 00:52 | |
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Jennifer Robertson, the widow of the late QuadrigaCX exchange CEO, appears to be liquidating and shuffling some estate assets. When QuadrigaCX founder and CEO Gerald Cotten passed away suddenly in December of 2018 in India, he was allegedly the only person with the knowledge of the exchange’s cold storage keys.
2019-2-15 22:06 | |
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A group of lawyers from some of Canada’s top law firms convened in a court in Halifax, Nova Scotia, today to secure the right to represent creditors in the ongoing QuadrigaCX litigation.
2019-2-15 01:45 | |
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A Canadian judge will appoint a legal team to represent QuadrigaCX's customers in the coming week.
2019-2-15 23:20 | |
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Troubled Canadian cryptocurrency exchange Quadrigacx may be newly armed with a 30-day stay from creditors, following the Feb. 5 bankruptcy hearing, but its late CEO’s widow, Jennifer Robertson, is on shifting ground as her affidavit is being picked apart by customers, experts and conspiracy theorists.
2019-2-8 21:01 | |
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QuadrigaCX customers who had fiat currency balances say they should be repaid before crypto holders.
2019-2-8 19:35 | |
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Today, February 5, 2019, a court in Nova Scotia, Canada, granted bankruptcy protection under the Companies’ Creditors Arrangement Act (CCAA) to the embattled Vancouver-based cryptocurrency exchange QuadrigaCX.
2019-2-6 23:12 | |
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This week the trustee in charge of the Mt Gox legal case has announced that corporate customers can now file rehabilitation claims for the October 22 deadline. The news follows the claim process that started for non-corporate customers on August 23.
2018-9-14 09:15 | |
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Back in February of 2014, the world’s largest and most accessible Bitcoin exchange at the time, Mt. Gox, had nearly a million Bitcoins stolen between its own holdings and those of its customers. Nearly half a decade later, Mt.
2018-8-24 21:00 | |
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This week, leading South Korean crypto exchange Bithumb experienced a major hack, while Mt Gox, the most notorious exchange to be hacked in bitcoin history, is also back in the news.
2018-6-24 20:05 | |
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The filing alleges that FTX was already insolvent and the FTT tokens used in a share repurchase transaction were worthless, and therefore the transfer should be classed as fraudulent.
The costly meltdown of global exchange FTX is still settling big chunks of its bankruptcy drama, now securing about $228 million from Bybit to further feed the cash dispersal that was approved in court earlier this month.
Bankrupt cryptocurrency exchange FTX has proposed a new reorganization plan that would see a whopping 98% of its creditors get back 118% of their claims – in cash – within 60 days of court approval, according to new documents filed Tuesday evening.
AI firm Anthropic has blocked Saudi Arabia from engaging in the sale process of 8% of its shares — currently owned by defunct crypto exchange FTX, CNBC reported on March 22, citing people familiar with the matter.
John J. Ray III Fires Back Against SBF’s ‘Delusional’ Claims Customers Lost No Money in FTX Collapse
London-based investment firm Attestor Capital, a top holder of FTX bankruptcy claims, has filed suit against a FTX creditor who allegedly promised to sell the firm two FTX accounts, only to back out of the deal once the value of its claims skyrocketed.
Gemini told the New York Department of Financial Services it would return at least $1.1 billion to its Earn customers after Genesis Global Capital wraps up its bankruptcy process, according to NYDFS.