FTX Advisors Collect $103M Amid Bankruptcy Proceedings in Q1
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...
Tag : bankruptcy
Binance.US Finally Abandons $1B Voyager Asset Acquisition Deal
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,...
Refund to Creditors May Take Two Years: FTX Management Says
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...
Celsius to Restructure and Issue New Crypto Tokens: Report
Failing crypto lender Celsius could soon reorganize and issue a crypto token to reimburse users, according to a report from Bloomberg on January 24....
Genesis to Resolve Creditor Disputes This Week
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...
Genesis Crypto Lender Files for Chapter 11 Bankruptcy
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...
DCG’s Crypto Media CoinDesk is Up For Grabs
The chief executive of the media company CoinDesk said on January 18 that the company is mulling over the possibility of selling all or part...
Collapsed FTX Exchange to Resume Salary Payments for Some Employees
The embattled FTX.com cryptocurrency exchange and around 101 of its other related firms made the formal announcement on Monday that most of the FTX subsidiaries...
Alameda Reportedly Withdrew $204M From FTX US Days Before Exchange Collapsed
Alameda Research allegedly withdrew a wide amount of cash from FTX US, FTX crypto exchange’s US affiliate, a few days before the crypto company declared...
Genesis Crypto Lender Hires a Restructuring Adviser to Avoid Bankruptcy
The cryptocurrency lender, Genesis Global Capital has hired investment bank Moelis & Company to consider alternatives including a potential bankruptcy, according to the New York...