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Three Arrows Capital’s NFT Collection Fetches $10.9 Million at Sotheby’s Auction
A set of non-fungible tokens (NFTs) previously acquired by bankrupt cryptocurrency hedge fund Three Arrows Capital was sold for an impressive $10. 9 million at Sotheby’s in New York. The auction showcased the enduring fascination and potential of NFTs in the art and investment worlds. дальше »
2023-6-17 20:00 | |
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Sotheby’s NFT Sale Fetches $11M as Bankrupt 3AC Liquidates Digital ‘Grails’
Sotheby's sale of Dmitri Cherniak's Ringers #879, along with other NFTs, contributed to a total of nearly $11 million in revenue for bankrupt 3AC. Notably, it became the second-highest generative art sale thus far, underscoring the increasing importance of NFTs in the art market. дальше »
2023-6-16 14:02 | |
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Court allows bankrupt crypto exchange Bittrex to resume customer withdrawals
The U. S. arm of Bittrex will reopen withdrawals on June 15 after securing court approval for its plan to repay customers ahead of credited fines. A Delaware bankruptcy court ruled in favor of the company’s plan and rejected the Department of Justice’s (DOJ) motion to block it on June 14, according to court filings. дальше »
2023-6-15 22:13 | |
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What is hyperinflation and how does it happen?
“Gradually, then suddenly,” goes the Hemingway trope about going bankrupt that Bitcoiners have so enthusiastically adopted. When crypto exchanges, stablecoins and banks are collapsing left and right, it looks suspiciously like we are already in the “suddenly” portion. And it is suddenly that ... дальше »
2023-6-15 19:36 | |
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Bittrex Gets Green Light: Court Order Allows Withdrawals Starting June 15
On June 15, clients of the United States division of the bankrupt cryptocurrency exchange Bittrex will be able to withdraw their assets, following a court ruling by a Delaware bankruptcy court. The exchange had declared bankruptcy in May, but the United States Justice Department had opposed Bittrex’s efforts to restore customer access to their assets, […] дальше »
2023-6-15 19:00 | |
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Bankrupt crypto exchange Bittrex U.S. to allow withdrawals
A Delaware bankruptcy court ruled that Bittrex U. S. and its affiliates can allow their customers to withdraw crypto assets. The exchange filed for bankruptcy last month as it was facing SEC's eThe post Bankrupt crypto exchange Bittrex U. дальше »
2023-6-14 17:00 | |
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Bankrupt crypto exchange Bittrex to enable withdrawals
The US division of cryptocurrency exchange Bittrex is planning to begin client withdrawals on June 15 after a ruling by a Delaware bankruptcy court. дальше »
2023-6-14 16:29 | |
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Binance CEO denies selling Bitcoin amid market manipulation allegations
Binance CEO Changpeng ‘CZ’ Zhao denied rumors that his exchange was selling Bitcoin to protect BNB’s price, according to a June 13 tweet. CZ tweeted that “Binance have not sold BTC or BNB,” adding that the exchange still holds “a bag” of bankrupt FTX’s FTT. дальше »
2023-6-14 13:06 | |
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BlockFi has to update wallet, platform before distributing funds
Bankrupt lending platform BlockFi said in a June 12 email that it must perform updates before it begins to distribute funds to users. Upgrades coming in summer BlockFi said that a June 9 court order determined that users own the assets in their wallet accounts and that the company can allow certain withdrawals. дальше »
2023-6-13 00:36 | |
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Crypto Firms Fight Over Crumbs: FTX And Genesis Battle For $4 Billion
The fallout from the collapse of major crypto exchange FTX continues, as the liquidator attempts to recover nearly $4 billion for creditors from another bankrupt crypto firm, Genesis Global Capital (GGC). дальше »
2023-6-7 20:00 | |
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Celsius Restakes $753M Ethereum, Pushes Validator Queue to 45 Days
Bankrupt crypto lender Celsius has restaked over $750 milllion worth of Ethereum during the first two days of this month. The post Celsius Restakes $753M Ethereum, Pushes Validator Queue to 45 Days appeared first on BeInCrypto. дальше »
2023-6-3 12:42 | |
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Fahrenheit to acquire bankrupt crypto lender Celsius
Court documents reveal that Fahrenheit has won the bid to acquire Celsius Network. The Fahrenheit group must provide a $10 million deposit within three days to complete the process. CryptocuThe post Fahrenheit to acquire bankrupt crypto lender Celsius appeared first on AMBCrypto. дальше »
2023-5-25 16:00 | |
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Just in: Fahrenheit LLC wins the $2B bid to acquire bankrupt Celsius Network
Early Thursday’s court filings confirmed that consortium Fahrenheit won the bid to acquire bankrupt cryptocurrency lender Celsius. Earlier stats valued the lender’s assets at about $2B. дальше »
2023-5-25 12:54 | |
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Core Scientific to exit bankruptcy by September 2023
Bankrupt crypto miner to exit bankruptcy by September this year. The latest developments led to a 7% hike in Core Scientific's share price. Crypto mining firm Core Scientific is reportedlyThe post Core Scientific to exit bankruptcy by September 2023 appeared first on AMBCrypto. дальше »
2023-5-24 14:30 | |
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FTX token jumps 12% after news of possible restart emerges
Bankrupt FTX’s native token FTT surged more than 10% after court filings showed CEO John J. Ray III has considered a restart plan for the failed exchange. FTX restart According to a May 22 court filing, Ray’s billing report for April highlighted several activities he performed toward a possible restart of the platform. дальше »
2023-5-23 17:49 | |
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Digital Currency Group’s failure to pay $630m raises concerns
Genesis Global Capital, the now bankrupt lending arm of Digital Currency Group (DCG), has failed to pay approximately $630 million due to creditors, leading to discussions among stakeholders about a potential default. дальше »
2023-5-23 19:11 | |
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Genesis seeks 100-day extension for recovery plan as DCG misses $630M payment
Bankrupt crypto lender Genesis has filed a motion to extend the exclusivity period for its reorganization plan by 100 days. Why Genesis sought an extension In a May 19 court filing to the United States Bankruptcy Court for the Southern District of New York, the bankrupt lender, said it needed the extension “to achieve a […] The post Genesis seeks 100-day extension for recovery plan as DCG misses $630M payment appeared first on CryptoSlate. дальше »
2023-5-22 14:45 | |
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3AC NFT Collection Auctioned Off by Sotheby’s – Fidenza #725 Fetches Impressive $1M
The first lot of seven NFTs from the bankrupt Three Arrows Capital were sold auction for nearly 2.5 million USD. The post 3AC NFT Collection Auctioned Off by Sotheby’s – Fidenza #725 Fetches Impressive $1M appeared first on BeInCrypto. дальше »
2023-5-21 19:00 | |
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Sotheby’s Auctions NFTs From Bankrupt Crypto Hedge Fund
Sotheby's auctioned bankrupt Three Arrows Capital's NFT collection for $2.5M, highlighting enduring value of NFTs amid volatile crypto market. The post Sotheby’s Auctions NFTs From Bankrupt Crypto Hedge Fund appeared first on NFT News Today. дальше »
2023-5-20 06:55 | |
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FTX sues SBF, others over ‘worthless’ fintech company acquisition
Bankrupt crypto exchange FTX sued Sam Bankman-Fried (SBF) and other former executives of the company for the $250 million acquisition of stock clearing platform Embed. According to a May 17 court filing, SBF and other executives — Nishad Singh and Gary Wonder — knew Alameda Research was insolvent and still went ahead with the deal. дальше »
2023-5-18 14:30 | |
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Celsius withdrawing nearly $800 million of Ether from Lido
Key Takeaways Bankrupt lender Celsius is trying to withdraw $779 million worth of ETH from Lido The ETH represents 7% of the total amount staked with Lido Celsius has $4.7 billion of debts with creditors, and sent the market into a tailspin last year after it got caught up in the Terra contagion Celsius also […] The post Celsius withdrawing nearly $800 million of Ether from Lido appeared first on CoinJournal. дальше »
2023-5-17 17:30 | |
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BlockFi opts to liquidate its lending business
New Jersey-based bankrupt crypto lender BlockFi is looking to liquidate rather than sell its cryptocurrency lending platform after concluding that a sale might not benefit creditors. BlockFi, in a court document filed with the US bankruptcy court for the District… дальше »
2023-5-16 16:49 | |
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This is how much bankrupt crypto lender BlockFi could gain from FTX recovery
Successful litigation against FTX and Alameda could add over $1 billion to BlockFi's coffers The crypto lender still owes millions of dollars to SEC and NASAA Bankrupt crypto lender - BlockFThe post This is how much bankrupt crypto lender BlockFi could gain from FTX recovery appeared first on AMBCrypto. дальше »
2023-5-16 20:45 | |
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Bankrupt Celsius stake $57M worth of Ethereum: Arkham
Bankrupt crypto lender Celsius has resumed staking Ethereum (ETH), according to data shared by Arkham Intelligence. Arkham reported that the bankrupt lender staked 30,800 ETH — $56. 9 million — via staking solutions provider Figment during the past week. дальше »
2023-5-15 16:30 | |
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Quadriga Users Eligible for 13% of Claims at 2019 Crypto Rates
Creditors to the bankrupt Canadian crypto exchange Quadriga are set to receive 13% of the value of their claim. But in 2019 crypto prices. The post Quadriga Users Eligible for 13% of Claims at 2019 Crypto Rates appeared first on BeInCrypto. дальше »
2023-5-15 13:30 | |
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BlockFi Custodial Customers to Receive $300M in Repayment, While BIA Holders Risk Losing Investment to Company’s Creditors
Coinspeaker BlockFi Custodial Customers to Receive $300M in Repayment, While BIA Holders Risk Losing Investment to Company’s Creditors A judge has approved repayment for BlockFi custodial wallet holders but said interest-bearing funds still belong to the bankrupt company. дальше »
2023-5-12 13:33 | |
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US house financial committee gives SEC Chair Gensler ultimatum to respond to inquiries
The U.S. House Committee on Financial Services issued a May 19 ultimatum to the Securities and Exchange Commission (SEC) chair Gary Gensler to respond to its inquiries. In a May 9 letter, the lawmakers demanded that the SEC deliver the requested internal non-public documents of its activities, including its charges against bankrupt FTX founder Sam Bankman-Fried, crypto […] The post US house financial committee gives SEC Chair Gensler ultimatum to respond to inquiries appeared first on CryptoSlate. дальше »
2023-5-12 20:31 | |
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BlockFi Customers Can Be Repaid $300M Held in Custodial Accounts, Judge Says
BlockFi custodial wallet users can be returned nearly $300 million, as a New Jersey judge ruled on Thursday May 11 that assets sitting in the wallets belong to clients rather than the estate of the bankrupt crypto lender. дальше »
2023-5-12 18:04 | |
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IRS claims $44b in taxes from bankrupt FTX and its subsidiaries
The IRS filed $44 billion in claims against bankrupt cryptocurrency exchange FTX and its subsidiaries over alleged tax reporting malpractices. дальше »
2023-5-11 15:22 | |
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Binance moves bankrupt Voyager, FTX tokens to innovation zone
Crypto exchange Binance has moved the native tokens of bankrupt crypto firms Voyager (VGX) and FTX (FTT) to its innovation zone. According to a May 10 statement, the exchange moved them alongside 16 other struggling digital assets like JasmyCoin (JASMY), OMG Network (OMG), WazirX (WRX), Serum (SRM), OAX (OAX), and others. дальше »
2023-5-10 15:45 | |
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QuadrigaCX, Bankrupt Crypto Exchange, Will Resume Interim Fund Distribution
Coinspeaker QuadrigaCX, Bankrupt Crypto Exchange, Will Resume Interim Fund Distribution Miller Thomson, the law firm representing QuadrigaCX stated that a small number of affected users are likely to receive notice of Disallowance of Claim. дальше »
2023-5-10 14:10 | |
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Bankrupt crypto exchange QuadrigaCX to start ‘interim distribution’ of funds
Despite their best efforts, bankruptcy trustees have only managed to recover a fraction of the $160 million owed to creditors.
дальше »2023-5-10 19:35 | |
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OKX sends over $60M in crypto to Alameda’s wallet
OKX sent over $60 million worth of crypto assets to bankrupt Alameda Research’s wallet in the last five hours, according to Arkham Intelligence data. The crypto exchange made 16 transactions — which included 10 deposits of $5 million USDT and 337,859 MASK (roughly $1. дальше »
2023-5-9 17:52 | |
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DCG Looks to Refinance Outstanding Genesis Obligations, Raise Growth Capital
The crypto conglomerate may owe its bankrupt lending division hundreds of millions in loan payments. дальше »
2023-5-9 16:18 | |
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