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CRYPTO BANKRUPTCIES
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...
- ED says terror financing, crypto frauds new focus areas for agencyThe Enforcement Directorate is now targeting cryptocurrency frauds, terror financing, cybercrimes, and drug trafficking. Bank and real esta...
- 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...
- FTX expects US to reduce bankruptcy claim to $3 billion to $5 billionFTX expects U.S. gov claims in bankruptcy to decrease to $3-5 billion, leaving no money for shareholders. Founder's false claims about harm...
- Celsius Network pivots to bitcoin mining after bankruptcyCelsius declined to comment on Tuesday. The SEC did not immediately respond to a request for comment.
- 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...
- Crypto lender Celsius sends bankruptcy plan to creditor voteJudge Martin Glenn signed off on Celsius's disclosure statement and solicitation materials at a U.S. Bankruptcy Court hearing in Manhattan,...
- Bankrupt crypto lender Voyager Digital predicts 35% customer payoutVoyager filed for bankruptcy protection in July, citing volatility in cryptocurrency markets and a default on a large loan made to crypto h...
- Crypto exchange Bittrex files for bankruptcy after SEC complaintSeattle-based Bittrex ceased operations in the United States on April 30, and it said the bankruptcy filing would not impact Bittrex Global...
- 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...
- Bankrupt crypto firm FTX to sell LedgerX for $50 million"We are pleased to reach this agreement with MIH, which is an example of our continuing efforts to monetize assets to deliver recoveries to...
- 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.
- 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 ...
- 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...
- 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.
- Crypto lender Celsius Network reveals $1.19 bln hole in bankruptcy filingCrypto lenders boomed during the COVID-19 pandemic, drawing depositors with high interest rates and easy access to loans rarely offered by ...
- 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...
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