2023-3-22 14:59 |
Software developer Cam Crews compiled data showing almost $102 million filed with the courts, with $42 million estimated in additional fees yet to be filed. origin »
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The crypto winter of 2022 forced many crypto-related establishments into financial stress leading to bankruptcy proceedings. Core Scientific was one of the firms affected by the 2022 market crash as it filed for Chapter 11 bankruptcy due to falling revenue and low BTC prices.
2023-3-22 00:00 | |
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Three Arrows Capital hedge fund filed for bankruptcy last year. Three Arrows Capital invested in the seed round for Rook in 2020. There are speculations that Zhu Su and Kyle Davies may have completed a $25 million fundraise.
2023-3-9 18:10 | |
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FTX lawyers working on the crypto exchange’s bankruptcy case billed nearly $40 million in expenses in January, according to documents filed in court. The lawyers are part of a group of legal experts hired to assist FTX in its Chapter 11 bankruptcy case, which was filed last year after the exchange faced a series of […]
2023-3-8 16:10 | |
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Another day, another SEC enforcement action. The U.S. securities watchdog has just filed an emergency action against Miami-based investment adviser BKCoin in connection with an alleged $100 million fraud scheme.
2023-3-7 14:53 | |
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The U.S. Securities and Exchange Commission (SEC) has filed suit against Green United, alleging that the Utah-based company violated federal securities laws by selling $18 million worth of phony crypto mining equipment.
2023-3-7 00:13 | |
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The US SEC has filed an emergency action against BKCoin Management LLC and its principal, Kevin Kang, for allegedly orchestrating a $100 million crypto fraud scheme.
2023-3-7 22:31 | |
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Voyager reportedly received $100 million in USDC since 24 February. Crypto assets sold include 2. 24 trillion Shiba Inu and over 15,600 Ether. Voyager filed for Chapter 11 bankruptcy in July 2022.
2023-2-27 17:42 | |
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Bankrupt crypto lender BlockFi has asked the court to dismiss a bankruptcy case filed by Sam Bankman-Fried’s (SBF) Emergent Technology company over a tussle to control 55 million Robinhood shares.
2023-2-17 12:50 | |
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Celsius filed a proposal to liquidate Bitmain Coupons and Credits for $14.4 million amidst the risk of hitting a liquidity wall. The post Celsius Attempts to Raise $14.4M From Bitmain Mining Vouchers to Keep Trading appeared first on BeInCrypto.
2023-2-11 20:30 | |
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Alameda Research, the cryptocurrency trading firm that filed for bankruptcy in November, continues to record active transactions, with a $2 million withdrawal recently being recorded by the crypto analytics platform Arkham Intelligence.
2023-2-8 17:45 | |
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Alameda recently filed a case against Voyager for retrieval of $445 million or more it gave to the crypto lender as loan repayments. The case will go up in the US bankruptcy court for the District of Delaware. FTX’s lawyers…
2023-1-31 14:17 | |
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The US District jury has approved several petitions filed by media channels and news publishers to reveal the identities of two individuals who co-signed Sam Bankman Fried’s $250 million bond alongside his parents. On Jan. 30, Lewis Kaplan, the US…
2023-1-31 11:20 | |
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A number of media companies filed to get the court to release the names of the people who co-signed Bankman-Fried’s $250 million bail bond.
2023-1-31 02:28 | |
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Coinspeaker Roger Ver Sued for Defaulting on $20 Million Genesis Debt GGC has given Ver 20 days to respond to the complaints filed against him. Roger Ver Sued for Defaulting on $20 Million Genesis Debt
2023-1-26 15:35 | |
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A subsidiary of bankrupt crypto lender Genesis — GGC International Limited — filed a $20.86 million claim against Bitcoin Cash (BCH) proponent Roger Ver, according to a January 23 court filing. The post Genesis subsidiary sues ‘Bitcoin Jesus’ for $20.86M appeared first on CryptoSlate.
2023-1-25 09:15 | |
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Crypto lending company Genesis has filed a case against Bitcoin Cash proponent Roger Ver for $20. 8 million in unsettled cryptocurrency options. Ver has 20 days to answer the summons. The post Genesis Goes After BCH Advocate Roger Ver for $20.
2023-1-25 08:34 | |
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Bankruptcy documents reveal Tom Brady and his ex-wife Gisele Bundchen collectively own over 1.7 million FTX shares. The NFL quarterback owned 1.1 million shares, while Bundchen had 680,000. Documents filed in the United States Bankruptcy Court in Delaware have revealed…
2023-1-11 11:10 | |
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FTX bankruptcy documents filed in the Delaware bankruptcy court show the exchange’s disgraced founder, Sam Bankman-Fried and executives lavished over $40 million on luxury living and “crazy” expenses from January to September 2022. The now infamous founder of the FTX…
2023-1-9 13:49 | |
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The pressure on the Digital Currency Group (DCG) and Grayscale continues to mount. The Winklevoss twins have given DCG an ultimatum of January 8th to return the $900 million Gemini Earn customer funds, while the users themselves have filed a class action lawsuit against both companies.
2023-1-4 14:30 | |
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Celsius, once a well-known cryptocurrency lender with over 1.7 million users handling over $10 billion in assets, filed for bankruptcy protection in July 2021.
2022-12-29 17:53 | |
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Hours after defunct crypto exchange FTX and hedge fund Alameda Research filed for bankruptcy on November 11, large amounts of funds were moved out of the exchange. The post US to investigate $372 million stolen in FTX exploit post bankruptcy appeared first on CryptoSlate.
2022-12-28 01:00 | |
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The U.S. Department of Justice (DOJ) has reportedly launched a criminal probe into the alleged hack that drained nearly $400 million out of FTX-controlled wallets the night the Bahamas-based exchange filed for bankruptcy.
2022-12-28 21:12 | |
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Mythical Games, a crypto gaming startup supported by Andreessen Horowitz, has filed a lawsuit, alleging that three former high-level employees broke their fiduciary duties by utilizing their connections and business tactics to raise $150 million in funding.
2022-12-24 22:14 | |
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LedgerX formally withdrew the bid, deposited with the US Commodity Futures Trading Commission (CFTC), after FTX filed for bankruptcy on November 11.
2022-11-30 21:43 | |
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Ex-FTX CEO Sam Bankman-Fried said the exchange’s hacker might be a former employee. The crypto exchange lost $650 million in a hack a few hours after it filed for bankruptcy. FTX was prioritising Bahamian withdrawals, SBF added.
2022-11-30 10:10 | |
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BlockFi filed for bankruptcy days after suspending withdrawals last week. FTX had extended a $400 million line of credit to the lender earlier this year.
2022-11-28 18:20 | |
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The bankruptcy proceedings of collapsed crypto exchange FTX are already shaping up to be chaotic – the collective 100-odd companies that filed for bankruptcy last Friday have an estimated one million creditors – but Bahamian liquidators threw another wrench into the process on Tuesday.
2022-11-17 00:34 | |
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FTX’s creditors across its many subsidiaries could be more than 1 million, details in court documents filed on Monday suggests. Sam Bankman-Fried’s FTX and its over 100 affiliate companies filed for Chapter 11 bankruptcy last week, with SBF resigning from the CEO role.
2022-11-16 17:13 | |
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Hbit Limited, a fully owned subsidiary of New Huo Technology, has approximately $18. 1 million worth of assets stuck on FTX, which filed for bankruptcy last week, according to November 14 press release.
2022-11-14 14:00 | |
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The release of the company’s shareholder letter for the third quarter of 2022 was announced today by Coinbase Global, Inc. (the “Company” or “Coinbase”). According to the report, $COIN filed a net loss of $545 Million. The shareholder’s letter claims…
2022-11-5 18:00 | |
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Celsius Network’s founder Alex Mashinsky reportedly withdrew $10 million from the struggling crypto lender a few weeks before the firm froze its customer funds and filed for bankruptcy, the Financial Times reported on October 2.
2022-10-3 12:00 | |
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The Ontario Securities Commission (OSC) has filed a lawsuit against Troy Richard James Hogg for selling unregistered securities in an ICO where he raised $51 million. The post Ontario Securities Commission (OSC) Files Lawsuit for $51M Dignity Token Asset Offering appeared first on BeInCrypto.
2022-10-1 14:25 | |
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Celsius’ Committee of Unsecured Creditors has filed a motion asking the bankruptcy court to issue a subpoena to EquitiesFirst Holdings (EHF) for failing to repay approximately $439 million owed to Celsius Network.
2022-10-1 16:30 | |
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The U.S. Security and Exchange Commission (SEC) sued and set charges of 1 million USD as a monetary penalty against Friedman LLP, the former auditing firm of Tether. Although the stablecoin issuer Tether hired the same auditing company from May 2017 to January 2018, the case filed last week does not count it. It has […]
2022-9-28 01:52 | |
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U.S.-based crypto exchange Coinbase is in the news again. And this time, the exchange faces a lawsuit filed by Veritaseum Capital LLC over an alleged patent infringement. The lawsuit, which was filed The post What the SEC's 2019 statement has to do with Coinbase's $350 million lawsuit appeared first on AMBCrypto.
2022-9-24 12:30 | |
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The Securities and Exchange Commission (SEC) has filed a suit against Chicago Crypto Capital (CCC) for allegedly defrauding investors of $1. 5 million by issuing unregistered BXY tokens during the 2018 ICO boom.
2022-9-15 12:00 | |
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Cryptocurrency staking firm BitGo filed a lawsuit against Galaxy Digital on September 12 seeking damages of over $100 million for breaching the merger agreement, BitGo announced on Twitter. The post BitGo sues Galaxy Digital for $100M over broken merger agreement appeared first on CryptoSlate.
2022-9-13 17:20 | |
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Cryptocurrency custody firm BitGo has filed a lawsuit against Galaxy Digital, seeking more than $100 million in damages.
2022-9-14 15:08 | |
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Bitcoin casino platform Stake dot com is reportedly being sued by its former partner Christopher Freeman, who claims he was cut out of the platform and wants $400 million to compensate for punitive damages.
2022-9-2 15:00 | |
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A new group of creditors has filed a lawsuit against Celsius Network seeking repayment of roughly $22.5 million held in the company’s custodial account. The post Creditors file fresh suit against Celsius seeking $22.5M reimbursement appeared first on CryptoSlate.
2022-9-2 15:15 | |
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A class action lawsuit filed in a Georgia court alleges the crypto exchange failed to secure users' accounts against theft and hacks, and seeks damages upwards of $5 million.
2022-8-23 11:02 | |
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The Commodities Futures Trading Commission (CFTC) has filed charges against an Ohia man and his companies for misappropriating more than $12 million from customers in a cryptocurrency-fueled Ponzi scheme.
2022-8-13 19:09 | |
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The US Securities and Exchange Commission (SEC) has announced that it has filed charges against 11 individuals in connection with a fraudulent crypto project that raised over $300 million from investors across the world.
2022-8-2 20:53 | |
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A report by the Wall Street Journal has confirmed that cryptocurrency lender Vauld has filed an application seeking protection from creditors after pausing withdrawals earlier this month. The post Singapore-Based Vauld Seeks Protection From Credit Liabilities Worth $400 Million appeared first on BeInCrypto.
2022-7-21 20:00 | |
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Celsius recently filed for bankruptcy after locking user funds last month
2022-7-19 17:17 | |
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Crypto lending firm Voyager posted an update on its “restructuring process” and how it will impact its crypto users. Last week, the company filed for bankruptcy following a default on a $650 million loan issued to investment firm Three Arrows Capital (3AC).
2022-7-12 23:38 | |
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Troubled crypto exchange CoinFLEX confirmed it had filed legal action in Hong Kong to recover $84 million from Bitcoin Cash (BCH) proponent Roger Ver. The post Embattled exchange CoinFLEX sues Roger Ver for $84 million appeared first on CryptoSlate.
2022-7-12 18:45 | |
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Chinese mining chip designer Nano Labs has applied for an initial public offering (IPO) in the United States to raise $50 million on Nasdaq amid sluggish market conditions.
2022-6-13 14:35 | |
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Gemini is staring at a grueling court case after a leading pensioners’ fintech startup, IRA Financial Trust filed a lawsuit against the crypto exchange seeking compensation over the loss of $36 million in crypto assets earlier this year.
2022-6-8 19:45 | |
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Alex Mashinsky, disgraced founder of Celsius, was sentenced to 12 years in prison.
Celsius seeks a $2 billion return from users who withdrew funds within 90 days before its bankruptcy, aiming for fair creditor treatment.
Hut 8 says it will manage mining operations for MiningCo at five sites under a four-year contract. The digital asset miner will oversee 122,000 miners with 12 EH/s of computing capacity and over 300 MW of energy.
Bankrupt crypto lender Celsius has opened withdrawals for eligible custody users starting Nov. 29, according to a statement on its official handle on social media platform X (formerly Twitter). A Nov.
“The return comes from hash rate, not from pixie dust, Ponzi schemes, or rehypothecation,” a Luxor Technology executive stressed.
Key takeaways Celsius is seeking court approval to start repaying customers in the coming weeks. The company will repay its creditors using Bitcoin and Ethereum and stock in the new company.
Roni Cohen-Pavon, Celsius’ former chief revenue officer, has pleaded guilty to four criminal charges and will be free on bail until a Dec. 11 sentencing hearing.