Cryptocoins News / The Cointelegraph - 7 months ago
FTX is seeking the cancellation of agreements made days before it collapsed, as well as the return of millions transferred to LayerZero Labs and its affiliates. Bankru...
Cryptocoins News / Blockchain - 7 months ago
FTX's bankruptcy has reduced profit margins by 30% for crypto market makers, prompting reevaluation of risk profiles. Monthly spot trading volumes on centralized exchanges have plummeted 74%, causing firms to retreat. (Read More)
Cryptocoins News / The Cointelegraph - 8 months ago
The judge also declined to declare the CEL token “not a security,” despite related rulings in the SEC v. Ripple case. Judge Martin Glenn shot down efforts to have a s...
by COINS NEWS - 8 months ago
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Cryptocoins News / The Cointelegraph - 8 months ago
Understand how companies reorganize amid financial challenges to ensure business continuity via Chapter 11 bankruptcy. In the complex world of finance and business, ba...
Bitcoin News / Google News Bitcoin - 8 months ago
Live updates: China's Evergrande files for Chapter 15 bankruptcy in US, Bitcoin plummets after SpaceX report, ASX picks up& & ABC News
Cryptocoins News / EthereumWorldNews - 8 months ago
FTX’s stranded customers have expressed disappointment over the recent bankruptcy claim settlement.& The bankrupt exchange recently reached a $175 million deal to settle bankruptcy claims with Genesis.& The deal was significantly lower than...
Cryptocoins News / Finance Magnates - 8 months ago
The Las Vegas-based cryptocurrency custodian, Prime Trust has filed for Chapter 11 bankruptcy protection. This marks the latest setback for the financial technology company, which has faced a series of challenges over the past year, from regulatory i...
Bitcoin News / Bitcoin.com - 8 months ago
In the wake of financial upheavals and regulatory hurdles, Prime Trust, a digital currency custodian, has formally sought Chapter 11 bankruptcy protection. This move closely follows the appointment of John Guedry as the company’s overseer, bols...
Bitcoin News / Google News Bitcoin - 8 months ago
Prime Trust Files for Bankruptcy; Europe's First Spot Bitcoin ETF& & CoinDesk
Cryptocoins News / The Cointelegraph - 8 months ago
Months before Prime Trust filed for Chapter 11 bankruptcy, online sleuths in the crypto community were on the case and continue to follow the money. Crypto custodian...
Cryptocoins News / Blockchain - 8 months ago
Prime Trust, LLC filed for Chapter 11 bankruptcy on August 14, 2023, following financial difficulties, a cease and desist order, and a terminated acquisition deal with BitGo. (Read More)
Cryptocoins News / The Cointelegraph - 8 months ago
The crypto custodian’s bankruptcy comes as it’s been unable to honor customer withdrawals for months. Crypto custodian Prime Trust has filed for Chapter 11 bankruptcy...
by COINS NEWS - 8 months ago
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Cryptocoins News / The Cointelegraph - 8 months ago
If the plan is approved, Core Scientific could buy 27,000 Bitmain miners for roughly $23 million in cash and $54 million in company equity. Cryptocurrency custody firm...
Cryptocoins News / EthereumWorldNews - 8 months ago
Core Scientific is poised to exit its Chapter 11 bankruptcy proceedings following a $77 million deal with Bitmain.& Bitmain will acquire a $54 million stake in the bankrupt Bitcoin miner in exchange for 27,000 Antminers.& Crypto platform Anc...
Bitcoin News / Google News Bitcoin - 8 months ago
Bitmain, Anchorage Expected to Take Equity in Bitcoin Miner Core Scientific as Part of Bankruptcy Plan& & CoinDesk
Bitcoin News / Bitcoin.com - 9 months ago
FTX Trading Ltd. filed a motion on Tuesday to dismiss its Dubai-based subsidiary, FTX Exchange FZE, from ongoing bankruptcy proceedings, citing the unit’s lack of operations and assets. Dubai’s FTX Exchange Faces Voluntary Liquidation Aft...
Bitcoin News / Bitcoinist - 9 months ago
In a recent development, popular cryptocurrency lender BlockFi has announced that a US court has conditionally approved its bankruptcy plan and ordered that everyone entitled to vote should vote to accept the plan. Much-Needed Respite For Creditor...
Bitcoin News / Bitcoinist - 9 months ago
As the digital financial landscape navigates through both success stories and cautionary tales, the ongoing mediation of bankrupt crypto lender Genesis Global Holdco LLC has garnered attention. The latest development in the crypto lender’s ban...
Cryptocoins News / The Cointelegraph - 9 months ago
FTX filed for bankruptcy in November 2022, with 102 of its units worldwide entering Chapter 11 proceedings. Bankrupt crypto exchange FTX has filed a motion in court to...
Cryptocoins News / Finance Magnates - 9 months ago
FTX wants its subsidiary based in Dubai excluded from its ongoing bankruptcy proceedings in the US. According to a court document filed today (Thursday), the bankrupt cryptocurrency exchange argued that this step would allow for a timely distribution...
Cryptocoins News / The Cointelegraph - 9 months ago
FTX’s official creditor committee said the current plan would add costs and delays to what’s already on track to be a historically expensive bankruptcy. A body represe...
Cryptocoins News / The Cointelegraph - 9 months ago
As Singapore does not allow dual nationality, 3AC co-founder Kyle Davies said he chose to renounce his U.S. citizenship after getting married and receiving permanent residency....
Cryptocoins News / EthereumWorldNews - 9 months ago
Defunct crypto lender Voyager Digital has become the target of a scam amid its bankruptcy proceedings.The scams were designed to extract data from Voyager’s customers who were awaiting repayment from the firm.& Law enforcement agencies and bankr...
