Bitcoin News / Bitcoinist - 2 months ago
In a recent development, Digital Currency Group (DCG), the parent company of bankrupt crypto lender Genesis Capital, has objected to Genesis’ bankruptcy plan, arguing that it violates the Bankruptcy Code. DCG’s objection centers around G...
Cryptocoins News / Blockchain - 2 months ago
FTX seeks court approval to divest its $18 billion stake in Anthropic, part of its post-collapse asset liquidation strategy, to repay customers and fulfill stakeholder commitments. (Read More)
Cryptocoins News / Blockchain - 2 months ago
Genesis Global Capital has petitioned the U.S. Bankruptcy Court to sell off its Grayscale Bitcoin, Ethereum, and Ethereum Classic Trust holdings, totaling approximately $1.6 billion. This strategic liquidation aims to maximize creditor repayments ami...
Bitcoin News / Bitcoin.com - 2 months ago
In a significant move within the crypto bankruptcy landscape, FTX Trading Ltd. has announced its intention to sell its equity interests in the artificial intelligence (AI) firm, Anthropic PBC. Holding close to an 8% stake, valued between approximatel...
Cryptocoins News / Blockchain - 2 months ago
FTX has filed a motion in Delaware court to sell a $175 million claim against bankrupt Genesis Global Capital, aiming to optimize returns from the sale. The move is part of FTX's broader strategy to manage its financial recovery post-collapse, with t...
by COINS NEWS - 3 months ago
submitted by /u/UpvoteBeast [link] [comments]
Cryptocoins News / Blockchain - 3 months ago
Genesis Global settles with the SEC for $21 million over unregistered securities sales allegations, aiming to mitigate legal challenges and focus on repaying customers amid bankruptcy proceedings. The agreement, pending a February 14 hearing, marks a...
Bitcoin News / Bitcoin.com - 3 months ago
Celsius has concluded its Chapter 11 bankruptcy process and is embarking on a new journey with the launch of Ionic Digital, Inc., a bitcoin mining company managed by Hut 8 Corp. This development follows a complex legal and financial restructuring, wh...
by COINS NEWS - 3 months ago
submitted by /u/SpaceBrigadeVHS [link] [comments]
Cryptocoins News / Finance Magnates - 3 months ago
Celsius Network, a crypto lender that went bankrupt in July 2022, will distribute over $3 billion of cryptocurrency and fiat to its creditors as the company emerges from bankruptcy. The plan also includes creating a Bitcoin mining company, Ionic Digi...
Cryptocoins News / Blockchain - 3 months ago
Terraform Labs files for bankruptcy to appeal against SEC lawsuit, challenging jurisdiction over crypto assets. CEO Amani challenges jurisdiction, affecting cryptocurrency regulation and digital asset classification. (Read More)
Bitcoin News / Google News Bitcoin - 3 months ago
Bitcoin and Ethereum decline on the week, Worldcoin to launch a new Orb and Terraform Labs files for bankruptcy& & TechCrunch
Cryptocoins News / CoinJournal - 3 months ago
The federal appeals court in Philadelphia ordered that an independent examiner be appointed to scrutinize the FTX collapse. Bankruptcy court judge John Dorsey had earlier denied the trustee’s request. A federal appeals court has ordered follo...
Bitcoin News / Google News Bitcoin - 3 months ago
Grayscale Bitcoin Trust balance sees 12% reduction as FTX bankruptcy stirs $3.5 billion outflow& & CryptoSlate
by COINS NEWS - 3 months ago
Sometimes I feel the bankruptcy laws are for scums and scams like Kwon to hide behind. submitted by /u/Savi321 [link] [comments]
Bitcoin News / Bitcoin.com - 3 months ago
Terraform Labs has filed for Chapter 11 bankruptcy in the U.S. amid ongoing litigation with the U.S. Securities and Exchange Commission (SEC). The company stated in its bankruptcy filing that “funds will be available for distribution to unsecur...
by COINS NEWS - 3 months ago
submitted by /u/fap_fap_fap_fapper [link] [comments]
Bitcoin News / Bitcoinist - 3 months ago
In a stunning turn of events, the TerraUSD (UST) stablecoin project and its creator, Terraform Labs, find themselves grappling with Chapter 11 bankruptcy in the United States. The turmoil began with the disastrous depegging of UST in May 2022, creati...
Cryptocoins News / Finance Magnates - 3 months ago
Terraform Labs, the company once known for its algorithmic stablecoin TerraUSD (UST), has filed for Chapter 11 bankruptcy protection in the United States, according to the documents filed yesterday (Sunday) with the Bankruptcy Court for the District...
by COINS NEWS - 3 months ago
Please find below a link to the following document related to the bankruptcy proceedings of PGX Holdings, Inc., et al., Case No. 23-10718 (United States Bankruptcy Court, District of Delaware): • Notice of Hearing to Consider (I) the Adequacy of the...
Cryptocoins News / Finance Magnates - 3 months ago
The US federal appeals court has ordered the appointment of an independent bankruptcy examiner to investigate the collapse of FTX, the cryptocurrency exchange once headed by the convicted Sam Bankman-Fried. This decision, reversing a prior ruling, fo...
Bitcoin News / Bitcoin.com - 3 months ago
Core Scientific has received the go-ahead from bankruptcy court for its reorganization, paving the way for the bitcoin mining giant to relist its shares on Nasdaq. Core Scientific Set for a Major Turnaround Core Scientific, Inc., a major bitcoin mine...
Cryptocoins News / Blockchain - 3 months ago
Core Scientific's court-approved bankruptcy plan sets the stage for its Nasdaq relisting, debt restructuring, and operational expansion, aiming to bolster revenue and shareholder value. (Read More)
Bitcoin News / Google News Bitcoin - 3 months ago
Bitcoin Miner Core Scientific to Emerge From Bankruptcy, Re-List Shares This Month& & CoinDesk
by COINS NEWS - 3 months ago
My friend and co-worker told me he got a letter in the mail today saying he must return over 40k USD to Celsius or be open to legal action against him. Is it just me or should a company that criminally mismanaged peoples funds have absolutely n...
