Bitcoin News / Bitcoinist - 5 months ago
In a dramatic turn of events, bankrupt crypto lender Genesis has initiated a new legal battle against its long-standing rival, Gemini. The lawsuit claims that Gemini received “unfair preferential transfers” of approximately $700 million s...
Cryptocoins News / Blockchain - 5 months ago
Celsius Network, following bankruptcy court approval, is transitioning to a Bitcoin mining-focused entity to address regulatory challenges from the SEC. (Read More)
Bitcoin News / Bitcoin.com - 5 months ago
FTT, the exchange token launched by the now defunct cryptocurrency trading platform FTX, has experienced a significant 200% surge in value over the past two weeks, surpassing the $3 per unit mark. Ranking as the fifth largest exchange coin in terms o...
Cryptocoins News / Finance Magnates - 5 months ago
The
entities overseeing the bankruptcy process of crypto platform FTX have filed a
lawsuit accusing Mirana Corp, an investment arm Bybit, of receiving a
substantial portion of $935 million in transfers just before FTX filed for
Chapter 11 bankruptcy....
Cryptocoins News / Finance Magnates - 5 months ago
The
entities overseeing the bankruptcy process of crypto platform FTX have filed a
lawsuit accusing Mirana Corp, an investment arm Bybit, of receiving a
substantial portion of $935 million in transfers just before FTX filed for
Chapter 11 bankruptcy....
Cryptocoins News / CoinJournal - 5 months ago
The FTX Bankruptcy is seeking to recover assets worth about $1 billion.
The lawsuit will be heard by a Delaware Court.
The funds in question were allegedly withdrawn from FTX.
FTX’s bankruptcy advisers have recently initiated legal action aga...
by COINS NEWS - 5 months ago
On the 11th November 2022, FTX filed for bankruptcy after freezing customer withdrawals because they could no longer meet the demand for customer withdrawal requests. Many of us probably know the story, but this event was (mostly) precipitated...
Cryptocoins News / Finance Magnates - 5 months ago
Celsius Network has secured the approval of the US
bankruptcy court to restructure its business. In the plan, the company has promised to return
crypto assets to customers and outlined a new vision. This
marks an important phase for the crypto lender...
Bitcoin News / Bitcoinist - 5 months ago
Failed crypto lender Celsius Network has received bankruptcy court approval for its plan to transform into a creditor-owned Bitcoin mining firm, as reported by Bloomberg.
The approval is part of a wider proposal aimed at repaying customers who have...
Bitcoin News / Bitcoin.com - 5 months ago
In a pivotal moment for Celsius Network LLC and its affiliates, the Southern District of New York Bankruptcy Court has issued a confirmation order for the modified joint Chapter 11 Plan of the crypto lender. The approval sets the stage for a signific...
Cryptocoins News / The Cointelegraph - 5 months ago
The decision ends the complex case with a creditor-approved plan that will see their partial reimbursement and make them shareholders in a new company. The Celsius ban...
Bitcoin News / Bitcoin.com - 5 months ago
Reports indicate that the U.S. Federal Bureau of Investigation (FBI) has received data on FTX clients from the advisors of the now-insolvent firm. These consultants have complied with a minimum of five inquiries issued by the bureau’s local off...
Bitcoin News / Bitcoinist - 6 months ago
In a recent development, it has come to light that advisers of bankrupt crypto exchange FTX have provided federal law enforcement agencies across the United States with customer account information and transaction records.
Court records reveal that...
Bitcoin News / Bitcoinist - 6 months ago
On Monday, October 30, Chief Executive Officer and founder of the defunct cryptocurrency exchange FTX, Sam Bankman-fried‘s credibility was bombarded in cross-examination on days before the exchange’s bankruptcy by a federal persecutor as...
Cryptocoins News / Finance Magnates - 6 months ago
Crypto exchange Bittrex received the green light from the US bankruptcy court yesterday (Monday) to shutter its US operations. The Judge also approved the exchange's liquidation plan to repay its remaining creditors.Bittrex Shuts in the USBittrex fil...
Cryptocoins News / The Cointelegraph - 6 months ago
This week’s Crypto Biz looks at BlockFi’s emergence from bankruptcy, BlackRock’s spot Bitcoin ETF developments, Worldcoin’s operator payment scheme upgrades and more....
Bitcoin News / Bitcoinist - 6 months ago
Insolvent FTX Trading Ltd is taking proactive steps towards resurrecting itself, as the exchange is presently in talks with potential bidders with the aim of either selling the crypto company or forging strategic partnerships to possibly stage a come...
Cryptocoins News / The Cointelegraph - 6 months ago
Options reportedly include selling the entire exchange, including its extensive customer base of over nine million, to potentially forming a partnership with another entity to revive the...