bankruptcy Archives - The Cryptocurrency Post

Rhodium Enterprises Files for Bankruptcy Amid Mounting Bitcoin Mining Pressures

joseAugust 27, 2024August 27, 2024

by joseAugust 27, 2024August 27, 20240

TL;DR Rhodium Enterprises files for Chapter 11 bankruptcy with liabilities between $50 million and $100 million, affecting six subsidiaries. Financial pressures include $54 million in unpaid loans...

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Genesis Receives Green Light To Liquidate $1.3 Billion in GBTC Shares

guidoFebruary 15, 2024February 15, 2024

by guidoFebruary 15, 2024February 15, 20240

TL;DR The judicial authorization for the liquidation of $1.3 billion worth of Grayscale Bitcoin Trust (GBTC) shares marks a crucial milestone in the restructuring process...

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SafeMoon’s Future in Jeopardy: Bankruptcy Filing and Top Executives Arrested

joseDecember 15, 2023December 15, 2023

by joseDecember 15, 2023December 15, 20230

In a shocking turn of events, SafeMoon, a popular cryptocurrency company, has filed for bankruptcy. The move comes amid a series of legal troubles and...

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Bittrex Secures Court Approval for Chapter 11 Bankruptcy Plan

joseOctober 31, 2023October 31, 2023

by joseOctober 31, 2023October 31, 20230

In a significant development, Bittrex, a prominent Bitcoin exchange, has received court approval for its Chapter 11 bankruptcy plan. The U.S. Bankruptcy Court’s decision marks...

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FTX Advisors Collect $103M Amid Bankruptcy Proceedings in Q1

salaamMay 3, 2023May 3, 2023

by salaamMay 3, 2023May 3, 20230

The Cryptocurrency exchange FTX’s legal and consulting teams have secured a combined total of $103 million during the first quarter of the year, as the...

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Binance.US Finally Abandons $1B Voyager Asset Acquisition Deal

salaamApril 26, 2023April 26, 2023

by salaamApril 26, 2023April 26, 20230

United States-based crypto exchange Binance.US has finally decided to withdraw from its agreement to acquire $1 billion in assets from bankrupt cryptocurrency brokerage Voyager Digital,...

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Refund to Creditors May Take Two Years: FTX Management Says

Joseph AlaladeJanuary 26, 2023January 26, 2023

by Joseph AlaladeJanuary 26, 2023January 26, 20230

While the executives of the defunct FTX exchange have hoped to be able to recover some funds so creditors can be reimbursed, some sources have...

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Celsius to Restructure and Issue New Crypto Tokens: Report

Joseph AlaladeJanuary 25, 2023January 25, 2023

by Joseph AlaladeJanuary 25, 2023January 25, 20230

Failing crypto lender Celsius could soon reorganize and issue a crypto token to reimburse users, according to a report from Bloomberg on January 24....

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Genesis to Resolve Creditor Disputes This Week

Joseph AlaladeJanuary 24, 2023January 24, 2023

by Joseph AlaladeJanuary 24, 2023January 24, 20230

Genesis Global Capital’s lawyer has stated that the cryptocurrency lender is confident it will be able to resolve its disputes with creditors this week and...

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Genesis Crypto Lender Files for Chapter 11 Bankruptcy

Joseph AlaladeJanuary 20, 2023January 20, 2023

by Joseph AlaladeJanuary 20, 2023January 20, 20230

One of the largest cryptocurrency lenders, Genesis, has filed for voluntary chapter 11 bankruptcy in the US, becoming the most recent victim of the global...

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Tag : bankruptcy

Rhodium Enterprises Files for Bankruptcy Amid Mounting Bitcoin Mining Pressures

Genesis Receives Green Light To Liquidate $1.3 Billion in GBTC Shares

SafeMoon’s Future in Jeopardy: Bankruptcy Filing and Top Executives Arrested

Bittrex Secures Court Approval for Chapter 11 Bankruptcy Plan

FTX Advisors Collect $103M Amid Bankruptcy Proceedings in Q1

Binance.US Finally Abandons $1B Voyager Asset Acquisition Deal

Refund to Creditors May Take Two Years: FTX Management Says

Celsius to Restructure and Issue New Crypto Tokens: Report

Genesis to Resolve Creditor Disputes This Week

Genesis Crypto Lender Files for Chapter 11 Bankruptcy

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