Browsing Tag
Bankruptcy
157 posts
Bankrupt Genesis seeks to sell over $1b worth of Bitcoin trust shares
Genesis Global Capital, a subsidiary of the embattled Genesis Global Holdco, has petitioned the U.S. Bankruptcy Court for…
FTX seeks expedited court approval to sell $1.4b Anthropic stake
In its ongoing attempts to reimburse creditors, bankrupt crypto exchange FTX is seeking a judicial green light to…
Bitcoin ETF outflows, Silk Road BTC, Terraform Labs bankrupt | Weekly Recap
Bitcoin recovers despite massive outflows from spot Bitcoin ETF products; BTC confiscated from Silk Road gets sold; Terraform…
Criminal charges against ex-Celsius CEO must stick, prosecutors say
U.S. prosecutors have pushed back against former Celsius CEO Alex Mashinsky’s motion to dismiss two criminal charges brought…
Celsius billion-dollar Ethereum shift stirs speculation on creditor payback plans
Bankrupt crypto lending platform Celsius has shifted 459,561 Ethereum (ETH), valued at over $1 billion, to centralized exchanges,…
Do Kwon’s Serbian enterprise outlasts Terraform Lab’s collapse
Amidst legal turmoil and Terraform Labs’ collapse, Do Kwon’s Serbian venture Codokoj22 remains active. Terraform Labs, the company…
IBM, Westpac-backed blockchain project Lygon to liquidate
Lygon, a startup backed by major financial institutions, has gone bankrupt. Its debt hovers at around $14.3 million.
Core Scientific wins court approval to enact reorganization plan, exit bankruptcy
The Bitcoin mining firm Core Scientific announced on Jan. 16 that it has obtained court approval to proceed…
Bitget executive dispels insolvency rumors
Bitget’s managing director, Gracy Chen, commented in an X post that rumors of the exchange’s insolvency and the…
Celsius moves to unstake $470m in ETH for creditor repayments
Bankrupt cryptocurrency lender Celsius Network revealed plans today to unstake its existing Ethereum holdings in preparation for prompt…
