Browsing Tag
Bankruptcy
162 posts
FTX to Sell Off Digital Custody at a Very Steep Markdown
After entertaining the possibility of restarting FTX following the bankruptcy process for a long time, lawyers for the…
FTX to divest Digital Custody to CoinList at major loss
Bankrupt crypto exchange FTX has filed legal papers proposing the sale of its subsidiary, Digital Custody, to CoinList…
NYAG raises DCG, Genesis lawsuit to $3B amid conflicting settlement reports
The New York Attorney General’s Office (NYAG) raised its fraud claims against Digital Currency Group (DCG) and related…
Bakkt says it is ‘confident’ about continuing operations after disclosing liquidity issues in SEC filing
Bakkt Holdings said in a press release on Feb. 8 that it is “confident” it will continue operating…
Genesis’ bankruptcy plan faces pushback from parent company DCG over creditor payouts
Digital Currency Group (DCG), the parent company of the defunct crypto lender Genesis, has filed an objection against…
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,…
