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CRYPTO FIRMS BANKRUPTCY
In Trump's crypto 'scrip', family always wins. Investors don'tIn an eyebrow-raising twist of fate, the Trump family reportedly amassed over $2 billion through various cryptocurrency initiatives, leavin...- Law firm Fenwick agrees to pay $54 million in settlement over FTX workUS law firm Fenwick & West will pay fifty-four million dollars to settle claims from FTX customers. The firm advised FTX before its collaps...
- Personal guarantors to bankrupt firms will need to declare crypto holding, art collections in IBC proceedingsNew draft rules will require personal guarantors of stressed companies to declare all personal assets. This includes crypto, jewellery, and...
- Lawyers land $700 million bounty from crypto collapseLawyers, accountants, consultants, cryptocurrency analysts and other professionals have racked up more than $700 million in fees since last...
- Lawyers land $700 million bounty from crypto collapseLawyers, accountants, consultants, cryptocurrency analysts and other professionals have racked up more than $700 million in fees since last...
- FTX gets approval for $50-million LedgerX sale, asserts $3.9-billion Genesis claimAs part of that broader effort, FTX on Wednesday said it would seek repayment of nearly $4 billion from Genesis Global Capital (GGC), the b...
- US cracks down on crypto industry with flurry of actionsLast month, the Securities and Exchange Commission levied fines and other penalties against crypto lending firms, while federal banking off...
- DCG's crypto exchange Luno to cut 35% jobs amid harsh crypto winterMore than a trillion dollars in value was wiped out from the crypto sector last year, with rising interest rates exacerbating worries of an...
- Crypto firms acted like banks, then collapsed like dominoesIn a span of less than 12 months, nearly all of the biggest cryptocurrency companies have failed spectacularly.
- Crypto exchange Gemini to lay off 10% of staff: reportCrypto firms are off to a rocky start in 2023, with major players such as Coinbase Global Inc cutting jobs and Genesis Global Capital, the ...
- Lending unit of crypto firm Genesis files for US bankruptcyGenesis Global Capital, one of the largest crypto lenders, froze customer redemptions on November 16 after FTX stunned the financial world ...
- Insurers shun FTX-linked crypto firms as contagion risk mountsInsurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, leaving digital currency traders and ex...
- FTX gets official creditors' committee in its bankruptcy caseThe committee - which includes a mix of individual account holders, investment funds, and an affiliate of U.S. crypto firm Genesis - will r...
- Crypto meltdown a boon for bankruptcy lawyersLarge law firms can rake in more than $100 million in legal fees during a long-running bankruptcy, experts said. "You've got to pay the gra...
- US crypto broker Genesis says it is working to avoid bankruptcy filing"Our goal is to resolve the current situation in the lending business without the need for any bankruptcy filing," a Genesis spokesperson s...
- FTX was run as 'personal fiefdom,' faces hacks, missing assets, attorneys sayIn the highest-profile crypto blowup to date, FTX filed for protection in the United States after traders pulled $6 billion from the platfo...
- FTX holds $1.24 bln cash balance before bankruptcy hearingFTX, which said on Saturday it has launched a strategic review of its global assets and is preparing for the sale or reorganization of some...
- Crypto exchange Gemini lays off more employees in second roundAccording to TechCrunch, Gemini has laid off 7%, or 68 employees, in the second round on Monday.
- Clients of crypto lender Celsius face long wait over fate of their fundsCiting extreme market conditions, Celsius froze withdrawals in June in a move that reverberated through the crypto world and beyond, spurri...
- Top crypto hedge fund Three Arrows Capital files for bankruptcyAccording to court documents seen by the Financial Times, crypto options and futures exchange "Deribit claimed Three Arrows failed to repay...
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