Why 2023 could bring some good news for this bankrupt cryptocurrency lender

Cryptocurrency firm Celsius received proposals from 30 possible purchasers or its mining and retail operations Galaxy Digital Holding intends to purchase Celsius' custody platform, GK8 ThirtThe post Why 2023 could bring some good news for this bankrupt cryptocurrency lender appeared first on AMBCrypto.

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Celsius receives numerous offers for its retail and mining assets

Bankrupt cryptocurrency lender Celsius Network LLC has received several offers for its retail platform and mining companies.

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Binance.US To Acquire Bankrupt Voyager Digital’s Assets

The American Binance entity has submitted a winning bid for the bankrupt cryptocurrency firm’s assets.

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Betting platform names candidates for next big crypto bankruptcy in 2023

As the financial year 2022 comes to a close, some big names in the crypto industry have involuntarily bowed out of the markets. Following FTX's unexpected fall, a betting site, Vegas Odds, has introduced betting options for the next cryptocurrency services provider to go bankrupt.

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Some hope for Three Arrows Capital investors, as liquidators recover this amount 

Liquidators seize the largest amount from Three Arrows Capital yet Regulators accuse co-founders of being uncooperative   Liquidators for the bankrupt cryptocurrency hedge fund Three ArrowThe post Some hope for Three Arrows Capital investors, as liquidators recover this amount  appeared first on AMBCrypto.

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Broker-Dealer INX Digital Bids to Purchase Voyager Assets

Broker-dealer and crypto trading platform INX Digital (QTCQB: INXDF) has entered the bidding contest for bankrupt cryptocurrency lender Voyager Digital.

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The latest on FTX, John Ray III, and his attempts to pacify the ongoing outrage

On 28 November, bankrupt cryptocurrency exchange FTX announced that it will "resume conventional" cash payments, salaries, and benefits to its remaining staff members worldwide. The announcement was mThe post The latest on FTX, John Ray III, and his attempts to pacify the ongoing outrage appeared first on AMBCrypto.

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This bankrupt mining company may get through the crypto winter thanks to...

Cryptocurrency mining firm Foundry is all set to acquire two turnkey cryptocurrency mining facilities with a total capacity of 17 MW. Foundry will acquire these from the bankrupt mining company ComputThe post This bankrupt mining company may get through the crypto winter thanks to... appeared first on AMBCrypto.

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Pension Giant Ontario Teachers to write Off All $95 Million Invested in the bankrupt Crypto Exchange FTX

The Ontario Teachers’ Pension Plan (OTTP), one of Canada’s largest pension funds, announced on Thursday plans to write off its entire $95 million investment in the bankrupt FTX cryptocurrency exchange.

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FTX begins strategic review of all company assets

FTX has engaged US-based firm Perella Weinberg Partners LP as its lead investment bank to help with the sale or reorganisation of subsidiaries. FTX Trading is set to review all of the bankrupt cryptocurrency exchange’s assets around the globe, the team handling the collapsed company’s bankruptcy process said Saturday.

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Crypto Biz: FTX fallout leaves blood in its wake

Businesses exposed to Sam Bankman-Fried’s bankrupt cryptocurrency exchange are beginning to topple.

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Crypto exchange Liquid halts all withdrawals

Liquid is an FTX-owned crypto exchange based in Japan and which Sam Bankman-Fried acquired in February this year. Liquid, a Japan-based cryptocurrency exchange acquired by bankrupt crypto exchange FTX in February this year, has halted all withdrawals and deposits.

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3AC Hedge Fund Investigated by U.S. Regulators

Bankrupt cryptocurrency hedge fund 3AC has appeared in the crosshairs of U.S. regulators

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Voyager Creditors Oppose Plans to Grant Executives Legal Immunity

Efforts by bankrupt cryptocurrency lender Voyager Digital to transfer its holdings to cryptocurrency exchange FTX US for $1. 4 billion have been somewhat manageable. Still, on 12th October, a significant catch came to light.

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Decoding the significance of 17 October for the bankrupt Celsius Network

Celsius Network [CEL], the New Jersey-based bankrupt cryptocurrency lending company, managed to set the date for auctioning its assets. As per the document filed with the US Bankruptcy Court for the SThe post Decoding the significance of 17 October for the bankrupt Celsius Network appeared first on AMBCrypto.

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Chief Executive Of Distressed Crypto Lender Celsius Alex Mashinsky Resigns

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Bankrupt lender Voyager gets top bids by these heavyweights

According to those with knowledge of the situation, FTX and Binance have offered the highest offers for the assets of defunct cryptocurrency lender Voyager Digital Ltd., VYGVQ -5.89%, but neither offeThe post Bankrupt lender Voyager gets top bids by these heavyweights appeared first on AMBCrypto.

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Celsius countersues KeyFi and alleges 'incompetence and deceit'

Celsius, the New Jersey-based bankrupt cryptocurrency lending company, has countersued decentralized DeFi aggregator KeyFi and its CEO Jason Stone. It is claiming that KeyFi lost CEL worth millions ofThe post Celsius countersues KeyFi and alleges 'incompetence and deceit' appeared first on AMBCrypto.

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Celsius or not, here's why CEL is up by 109% in 30 days

CEL, the native token of bankrupt cryptocurrency lending company Celsius Network LLC, has rallied by 109% in the last 30 days. On the daily chart, the token’s price movements formed a rising wedge.

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What Happens to Celsius Creditors if Crypto Prices Recover?

Legal experts survey the undiscovered country that awaits customers of the bankrupt cryptocurrency lending platform.

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FTX proposes offer to open liquid accounts to users of bankrupt crypto brokerage Voyager

FTX, the global cryptocurrency exchange operator, today announced a joint offer with West Realm Shires, the owner and operator of FTX US, and Alameda Ventures, to provide early liquidity to customers of the crypto brokerage platform Voyager, which filed for bankruptcy in New York earlier this month.

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CEL Token Price Plummets 50% As Celsius Goes Bankrupt

After the Celsius Network’s decision last month to freeze all transactions and withdrawals, the whole cryptocurrency market plummeted into a deep and gloomy sinkhole. This week there was some good news, when Celsius paid off its remaining $41.

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Troubled Hedge Fund 3AC Files for Bankruptcy Protection

The cryptocurrency hedge fund, which used to have $10 billion worth of assets under management, is now officially bankrupt

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Top Decentralized Stablecoin Alternatives to USTC (Formerly UST)

The recent cataclysmic crash of the Terra Classic (LUNC; formerly LUNA) left several people bankrupt. South Korean officials reported 8 confirmed suicides due to this blow. Stablecoins emerged as a way for cryptocurrency investors to park their funds to escape from volatility.

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EY Heads to Court to Dispute the Value of Crypto From Bankrupt Exchange, QuadrigaCX

Ernst and Young (EY), the bankruptcy trustee for collapsed cryptocurrency exchange QuadrigaCX, plans to evaluate the company’s assets and settle disputes before disbursing creditors and users of the crypto exchange.

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90 Percent of Cryptocurrency Firms May Be Bankrupt in Six Months: Swiss Blockchain Federation

The Swiss Blockchain Federation has reported that up to 90 percent of cryptocurrency and blockchain firms in Switzerland could be bankrupt in six months without any government intervention. This is due to the ongoing COVID-19 situation which has severely hampered the industry’s activities.

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COVID-19 Takes Enormous Toll on Zug's 'Crypto Valley': Survey

80 percent of Swiss cryptocurrency startups could go bankrupt as a result of the coronavius crisis

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Quadriga's bankrupt customers want to dig up deceased CEO for 'exhumation'

Remember Gerald Cotten? The CEO of Quadriga, Canada's largest cryptocurrency exchange, who died last year with sole knowledge of the exchange's $130 million cryptocurrencies, and turned out that he spThe post Quadriga's bankrupt customers want to dig up deceased CEO for 'exhumation' appeared first on AMBCrypto.

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Cryptocurrency Exchange Bankruptcies Are the Failed ICOs of 2019

In 2017, the ICO bubble officially popped. Now, a similar situation is playing out with many cryptocurrency exchanges going bankrupt. Could exchange bankruptcies be the ‘ICO bubble’ of 2019? If 2017 was the year of the failed ICO, then 2019 may be the year of exchange bankruptcies and mismanagement.

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Quadriga CX Legal Charges Stand at $1.6 Million

Law firms lead by EY are now demanding $1.6 million from Quadriga CX. The Canadian cryptocurrency exchange, now bankrupt, lost more than $190 million in January

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Top Analyst’s Doom Warning: Many Cryptocurrencies Will Go Bankrupt

Bitcoin is currently retracing from its strong parabolic move over the last few weeks. This may mean that many crypto enthusiasts are anticipating the advent of the altseason (altcoin season). For those who are not familiar, the altseason is one of the most profitable periods in cryptocurrency trading.

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QuadrigaCX CEO Faked Crypto Trades, Indulged Millionaire Lifestyle with Customer Funds

By CCN Markets: Gerald Cotten, the CEO of the Canadian crypto exchange QuadrigaCX whose death is the reason for $190 million of missing funds and a bankrupt company, had transferred user funds to his personal accounts to use them as security for margin trading, a report by Ernst & Young revealed.

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Crypto Exchange Bankrupt After Blockport STO Ends in Utter Disaster

By CCN: Amsterdam-based cryptocurrency exchange Blockport has declared bankruptcy after its security token offering (STO) flamed out in disastrous fashion. Blockport launched a token sale between April 16 and May 15, in which the crypto exchange sought to raise €5 million ($5.

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FBI asks victims of bankrupt QuadrigaCX cryptocurrency exchange to start snitching

The Federal Bureau of Investigation (FBI) is stepping up its probe into defunct Canadian cryptocurrency exchange QuadrigaCX. In an announcement yesterday, the FBI asked victims affected by the QuadrigaCX collapse to come forward and complete a questionnaire to aid with its “ongoing investigation.

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Cryptocurrency exchange Blockport goes bankrupt after failed STO

An Amsterdam-based cryptocurrency exchange is facing an uncertain future. Blockport has declared bankruptcy after its security token offering (STO) failed to meet its minimum expectations last month.

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Cryptopia: Most revenue for bankrupt exchange came from U.S. account holders

Stephen D Palley, a partner in the Washington DC office of Anderson Kill, shed light on the Cryptopia – US Bankruptcy court filing, on his Twitter handle. Cryptopia, a now-defunct New Zealand cryptocurrency exchange, has constantly been in the limelight of the cryptocurrency space ever since it was hacked in mid-January 2019.

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New Evidence Ties Late QuadrigaCX CEO to Money Laundering Scheme

The QuadrigaCX plot only seems to thicken as new evidence suggests that their late CEO had been involved in a money laundering scheme, reported on April 9, 2019. Suspicious Activity In April 2019, some legal resolution seems to have been reached in the QuadrigaCX situation as the firm has been officially declared bankrupt.

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QuadrigaCX declared bankrupt, Premiums on USDT in China and more

Daily Crypto News – 9 April – QuadrigaCX declared bankrupt, Premiums on USDT in China and more Don’t forget to follow us for our daily video#tether #cryptocurrency #QuadrigaCX #bitcoin #CryptoNews #cryptocurrencies @Tether_to @sparkswap #LightningNetwork pic.

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QuadrigaCX: Canadian crypto-exchange declared bankrupt after months of uncertainty

QuadrigaCX, once Canada’s largest cryptocurrency exchange, has now been declared officially bankrupt after months of financial and legal controversies, reported the Canadian new daily CBC on 8 April.

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Andreas Antonopoulos Says QuadrigaCX Exemplifies Why Crypto Users Shouldn’t Trust Third Parties

Andreas Antonopoulos Says QuadrigaCX Shows Why Crypto Users Shouldn’t Trust Third Parties Earlier this year, the QuadrigaCX cryptocurrency exchange announced it went bankrupt because the owner of the platform, who handled the cold storage wallets, did not leave the private keys of the exchange.

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Gatecoin Cryptocurrency Exchange Calls It Quits After Six Years And $2 Million Hack

Gatecoin Cryptocurrency Exchange Calls It Quits After Six Years. Gatecoin, a Hong Kong-based cryptocurrency exchanged founded in 2013 by Aurelien Menant, a former investment banking expert, has announced it is now bankrupt and would end operations with immediate effect, according to a statement by the firm on March 14, 2019. End Of The Road For […]

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Cubits is Bankrupt and Withholding User Funds As OneCoin Ties Exposed

Anger continues to engulf cryptocurrency trading platform Cubits after executives suddenly announced the company was bankrupt, blocking all user funds. Cubits Owner: Funds Recovery ‘Unsuccessful’ In a press release dated December 11, Dooga Ltd.

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Crypto Startups Going Bankrupt Amidst Market Crash

Blockchain, Cryptocurrency–While investors are left holding the tab from the plummeting crypto market, with this week seeing a relative low for Bitcoin since peaking at $20,000 in December 2017, crypto-based startups have also had to contend with the fallout.

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Saga Comes to an End: Bitcoin Mining Firm Giga Watt Declares Bankruptcy with Millions in Debt

CoinSpeaker Saga Comes to an End: Bitcoin Mining Firm Giga Watt Declares Bankruptcy with Millions in Debt Another cryptocurrency mining firm, Giga Watt falls out of the race declaring itself bankrupt and unable to refund its $7 million-debt to investors.

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Miner Goes Bankrupt, Manufacturers Stuck With Inventory, Rigs ‘Sold By Kilo’ as Scrap

In our latest roundup of mining-related news, we look at a few examples of the knock-on effect that the current cryptocurrency bear market is having on the global mining industry and its main hardware suppliers.

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7 catastrophic cryptocurrency trading blunders – and what you can learn from them

Whether you’re looking to become a crypto-whale or just want to try and make some “easy” money, don’t let FOMO, unicorns, or hackers get in the way of growing your cryptocurrency stash. Here are seven cryptocurrency trading blunders you should absolutely avoid at all costs: 1.

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Can Digital Asset Regulation Help Countries Improve The Crypto Market

Digital Asset Regulation Can Help Countries Improve The Market Ripple released an article in which they talk about how digital asset regulation could improve the crypto and financial market. Back in 2014, the popular cryptocurrency exchange Mt Gox went bankrupt after being attacked and losing more than $460 million dollars of Bitcoins. At that moment, […]

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BitMEX’s New COO Angelina Kwan Joins the Crypto Space at “An Exciting Time”

Angelina Kwan, former managing director and head of regulatory compliance for Hong Kong Exchange and Clearing, is taking on the position of COO of BitMEX, one of the largest cryptocurrency exchanges in the world, at a time when the challenges facing these exchanges are greater than ever.

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Bakkt Reveals ‘First Steps’ in Solving the Problem of Cryptocurrency Regulation

The twin issues of spotty security and lack of governmental regulation have plagued cryptocurrencies practically since their inception. Headlines of millions lost to hackers and scammy, get-rich-quick schemes that left investors bankrupt have made the public leery of cryptocurrencies.

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