Browsing Tag
Bankruptcy
157 posts
Nevada regulator petitions for receivership of Prime Trust
The Nevada Financial Institutions Division has recently lodged a petition for receivership for Prime Trust citing operational instability…
FTX incurs over $120m in advisor fees as bankruptcy costs mount
FTX, the bankrupt crypto exchange, faces significant legal and advisory costs, with filings revealing that fees and expenses…
Prime Trust subsidiary files for bankruptcy in the US
Banq, a subsidiary of the Nevada-based crypto custodian Prime Trust, has filed for bankruptcy in a US bankruptcy…
Bankrupt crypto exchange Bittrex to enable withdrawals
The US division of cryptocurrency exchange Bittrex is planning to begin client withdrawals on June 15 after a…
US Government challenges Bittrex US’s motion to return customer crypto assets
Amid the unfolding bankruptcy case of crypto exchange Bittrex US, the US government has opposed the platform’s motion…
DCG to cease operation of its institutional trading subsidiary
Digital Currency Group (DCG) is shutting down one of its subsidiaries offering trading services to institutional investors, with…
Court directs BlockFi to retract chapter 11 reorganization plan
A U.S. bankruptcy court recently ordered cryptocurrency lender BlockFi to withdraw its prematurely disclosed Chapter 11 reorganization plan…
BlockFi opts to liquidate its lending business
New Jersey-based bankrupt crypto lender BlockFi is looking to liquidate rather than sell its cryptocurrency lending platform after…
Former FTX compliance chief supports lawsuit against celebrity promoters
A class action lawsuit against celebrities accused of promoting the now-bankrupt FTX exchange has gained the cooperation of former FTX…
Bittrex files for bankruptcy in the United States
Crypto exchange Bittrex filed for Chapter 11 bankruptcy protection after announcing plans to leave the United States.