2023-6-27 13:00 |
The platform automates the due diligence process for buying cryptocurrency bankruptcy claims in firms like FTX or Celsius, providing previously missing liquidity for creditors owed around $50,000. origin »
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Hundreds of Celsius, FTX, and Voyager customers have opted to avoid the bankruptcy process by selling their claims for a fraction of their face value, the Wall Street Journal reported. The post Celsius, FTX, Voyager users sell bankruptcy claims for pennies on the dollar appeared first on CryptoSlate.
2022-12-30 16:15 | |
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To identify the rightful owner of the $450 million shares with Robinhood, FTX is asking the US bankruptcy court for help.
2022-12-24 20:13 | |
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Claims of customers with assets stuck on FTX following its bankruptcy have started drawing the biggest names in distressed investing. The post Distressed Investors Drawn to FTX Claims Following Bankruptcy Filing appeared first on BeInCrypto.
2022-12-22 22:00 | |
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Tthe largest unsecured claim in the FTX bankruptcy case amounts to $36. 2 million and none of the top 50 creditors are considered “insiders. ” The total sum allegedly owed to the top 50 creditors is roughly $114 million.
2022-12-20 22:00 | |
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The main purpose is maximizing the value returned to clients Voyager’s claims against Three Arrows Capital are still with the bankruptcy estate Binance. US will make a $10 million deposit in good faith reimburse Voyager up to $15 million Voyager Digital LLC, the operating unit of Voyager Digital Ltd.
2022-12-20 17:11 | |
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The US bankruptcy court of the Southern District of New York has approved a request by insolvent crypto lender Celsius to move the Proof of Claims submission deadline to January 3, 2023. The directive targets individuals with claims against Celsius Network LLC and its seven affiliates- listed as debtors in the ongoing Chapter 11 bankruptcy. […]
2022-11-22 19:55 | |
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Crypto exchange FTX recently filed for bankruptcy protection in the US. Authorities are investigating the cause of the tragic collapse. In a submission to the U. K. Parliamentary Treasury Committee, Binance on Wednesday denied claims that it deliberately intended to sink competitor cryptocurrency exchange FTX.
2022-11-19 13:43 | |
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Claims and noticing agents such as Kroll are often assigned to bankruptcy cases where the number of creditors exceeds a thousand.
2022-11-18 06:11 | |
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“I was on the cover of every magazine, and FTX was the darling of Silicon Valley,” said the former CEO on the crypto firm’s path to bankruptcy.
2022-11-17 00:00 | |
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Crypto exchange FTX filed for bankruptcy Friday, leaving users’ funds stuck on the platform.
2022-11-16 04:26 | |
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Ontario Teachers’ shared their woes amid the FTX’s recent troubles after they invested a significant amount of funds in FTX International and its US entity (FTX.US). The pension company claims its investment is almost zero following FTX’s insolvency. Reasons for…
2022-11-12 01:55 | |
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According to recent reports, Celsius network recently applied to a New York bankruptcy judge to keep custody of their customers’ accounts. Celsius network claims to have full custody over all wallets and the funds therein. However, the account holders maintain…
2022-11-10 01:52 | |
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In a recent tweet, David Adler, a Bankruptcy asset recovery expert and lawyer, mentioned that Celsius investors should remember to add all their different claims on the proof of claim form. Instead of focusing on just crypto, investors should add…
2022-10-28 23:00 | |
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XClaim, an agency that helps investors claim their assets from entities that have gone bankrupt, is set to go under sanctions hearing in U.S. Bankruptcy courts. XClaim is part of the team helping account holders recover funds from entities like…
2022-10-28 19:00 | |
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Alex Mashinsky, the single-most controversial figure in the Celsius Network [CEL] bankruptcy saga, was back in the spotlight. And this time around, the claims that haunt the executive aren't ones thatThe post Celsius: A look into the crypto lender's ex-CEO may solve the bankruptcy puzzle appeared first on AMBCrypto.
2022-10-3 12:30 | |
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Wall Street credit traders specializing in bankruptcy claims are offering customers of bankrupt crypto firms some of their money back. The post Bankruptcy Claims Traders Have Begun Offering Creditors of Embattled Crypto Firms a Lifeline appeared first on BeInCrypto.
2022-8-10 22:30 | |
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The crypto exchange will allow Voyager customers to create accounts funded by an early distribution of a part of their bankruptcy claims.
2022-7-23 23:39 | |
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One hearing into its lengthy bankruptcy process, Celsius has already sparked controversy regarding its restructuring plans and claims over user funds. The post Celsius lawyers claim users relinquished their crypto when they signed up appeared first on CryptoSlate.
2022-7-20 23:00 | |
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After the first court hearing in its Chapter 11 bankruptcy proceedings, Celsius has provided details for how customers can make a claim, and also says it wants to present a plan to the court "that will provide customers with an option to remain long crypto."
2022-7-20 15:00 | |
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TPS Capital claims it's independent of Three Arrows, but legal disclosures as part of bankruptcy proceedings show a web of transactions and familiar faces between the two firms.
2022-7-19 12:58 | |
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In the last few days, VGX, the native token of the troubled crypto brokerage company, Voyager Digital, took on an upward price rally. Surging by over 100% this week, the price uptick came about due toThe post Why VGX surged by 100% despite Voyager's claims of bankruptcy appeared first on AMBCrypto.
2022-7-16 04:30 | |
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Bankruptcy trustee EY is trying to resolve a dispute over how to value cryptocurrencies recovered from QuadrigaCX.
2021-1-20 12:22 | |
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Tens of thousands of ex QuadrigaCX users have filed claims against the now-defunct crypto exchange. Lawyer says any disputes could see protracted cases as seen with Mt. Gox, which collapsed in 2014 QuadrigaCX bankruptcy case trustee, Ernst & Young (EY), have said that close to 17,000 people have filed claims for refunds from the defunct […] The post 17,000 Users of Defunct QuadrigaCX Exchange File Claims Worth $300 Million appeared first on Coinjournal.
2020-5-14 17:19 | |
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Close to 17,000 have made a claim for defunct crypto exchange QuadrigaCX's assets, its bankruptcy monitor reported Tuesday.
2020-5-13 23:50 | |
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America is set to face a most challenging economic period that might be worse than even the Great Depression as the first economic data shocks all. Jobless claims, that being... The post America on the Brink of Bankruptcy as Jobless Claims Rocket to 7x the Banking Collapse appeared first on Trustnodes.
2020-3-27 00:54 | |
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If you are participating in the crypto market for years, you have probably heard of the time in which Mt Gox, the largest crypto exchange at the time, was hacked and collapsed. This happened back in 2014 and 850,000 BTC was stolen from the servers.
2019-7-9 04:05 | |
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Cryptopia is undergoing a liquidation and bankruptcy procedure, with uncertainty surrounding the compensation or even the basic rights of traders holding funds on the exchange.
2019-5-31 14:20 | |
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If you’re a creditor in Mt. Gox’s civil rehabilitation case, the defunct exchange may have automatically filed and approved a reimbursement claim for you — provided that your Mt.
2019-4-23 22:44 | |
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In an interview with Peter McCormack, Andy Pag, a former administrator of Mt. Gox Legal, spoke about the reason it would take a long time for the Mt. Gox’s civil rehabilitation process to settle.
2019-4-15 19:30 | |
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It’s been a long and winding road with many twists and turns for the beleaguered cryptocurrency exchange QuadrigaCX and its 115,000 former users who are owed roughly $190 million.
2019-4-10 17:39 | |
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Canada’s once-largest cryptocurrency exchange saw its revival prospects go from bad to worse after their court-appointed independent auditor, Ernst & Young, stated in their April 1 report that the exchange’s only option now was bankruptcy.
2019-4-4 03:30 | |
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QuadrigaCX monitor Ernst & Young suspects that the beleaguered exchange’s late CEO, Gerald Cotten, may have been financing personal expenditures with company funds, and it is now recommending that the assets in Cotten’s estate be placed under a preservation order.
2019-4-3 01:19 | |
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The Tokyo District Court has found Mark Karpeles, the former head of now-defunct Bitcoin exchange platform Mt. Gox, guilty of record tampering but innocent on other charges related to embezzlement and breach of trust.
2019-3-16 22:01 | |
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Coinbin, a South Korean crypto exchange, declared bankruptcy on February 22, 2019, citing foul play from inside the company. Business Korea reported on Coinbin’s recent failure, claiming that the company had lost $26 million as a result of theft and the subsequent bankruptcy declaration.
2019-2-27 23:13 | |
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The executive under suspicion claims he accidentally lost private keys held by the South Korean exchange.
2019-2-26 21:25 | |
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The cryptocurrency exchange Coinbin, located in South Korea, is currently filing for bankruptcy after taking over the hacked crypto exchange Youbit. Coinbin claims to have over $26 millions in losses.
2019-2-25 10:20 | |
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Troubled Canadian cryptocurrency exchange Quadrigacx may be newly armed with a 30-day stay from creditors, following the Feb. 5 bankruptcy hearing, but its late CEO’s widow, Jennifer Robertson, is on shifting ground as her affidavit is being picked apart by customers, experts and conspiracy theorists.
2019-2-8 21:01 | |
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On February 4, 2019, blockchain tech company Blockstream announced the development of a “proof of reserves” tool to standardize the authenticity of exchanges’ crypto reserves.
2019-2-7 01:01 | |
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Today, February 5, 2019, a court in Nova Scotia, Canada, granted bankruptcy protection under the Companies’ Creditors Arrangement Act (CCAA) to the embattled Vancouver-based cryptocurrency exchange QuadrigaCX.
2019-2-6 23:12 | |
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A few years ago, Mt. Gox was one of the most powerful and respected crypto exchange companies. However, after suffering a hack, they have closed operations and filed for bankruptcy. However, the process of shutting down operations isn’t always that simple as a number of people, including their former clients, are trying to get their […]
2019-2-3 19:48 | |
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Mt Gox has published an announcement that its civil rehabilitation and bankruptcy trustee, Nobuaki Kobayashi, has liquidated 25,331 BCH and 24,658 BTC. The trustee is now working on “the preparation of a rehabilitation plan” to repay monetary claims against the defunct exchange.
2018-9-26 23:15 | |
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A man known as “Tokyo Whale,” for the enormous amount of bitcoin he controls, confirms he unloaded another big chunk of it earlier this year. Nobuaki Kobayashi, the trustee of now-defunct Tokyo exchange Mt.
2018-9-25 19:54 | |
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The price of bitcoin has remained firm in the past seven days, gaining eight percent week-on-week. This price rally has occurred despite the announcement of the Mt. Gox bankruptcy trustee that former users will now be able to file claims to recover their lost bitcoin from the defunct exchange.
2018-9-5 19:00 | |
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Creditors of Mt. Gox, the defunct cryptocurrency exchange, can now start submitting proofs of claim in a newly approved rehabilitation process, according to an update posted on the exchange’s website.
2018-8-27 17:14 | |
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The floodgates have opened for victims of the long-running Mt. Gox saga, which involves over a billion dollars in lost cryptocurrency. Almost five years later, claims can finally be made to have the stolen money returned.
2018-8-24 13:29 | |
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Creditors of the now disbanded Mt. Gox cryptocurrency exchange have made another step towards reclaiming their lost Bitcoin, following updates to a court ruling issued in June, first spotted by Coindesk.
2018-8-3 15:30 | |
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The Japan-based Mt. Gox exchange had its bankruptcy stayed due to a petition filed by some of the creditors for the commencement of civil rehabilitation proceedings in Tokyo District Court on November 24, 2017, and heard today, June 22, 2018.
2018-6-23 19:39 | |
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Crypto VC firm Foresight Ventures has committed $25 million to support early-stage blockchain initiatives on BNB Chain. Singapore-based crypto venture capital firm Foresight Ventures will invest up to $25 million in projects on BNB Chain through 2025 as part of…
Canary Capital has launched the Canary AXL Trust for institutional investors to gain exposure to the Axelar native token, AXL, which jumped 12.5% after the news. According to the press release, the Canary AXL Trust is meant to be a…
Crypto-focused asset manager Grayscale has announced the creation and launch of the Grayscale Pyth Trust. Pyth Trust is a single-asset crypto investment fund designed to offer exposure to Pyth Network (PYTH), the native governance token of the oracle network’s ecosystem. …
Crypto investment products registered $1. 3 billion in inflows last week. Ethereum outpaced Bitcoin with $793 million compared to $407 million. Digital asset investment products notched $1. 3 billion in inflows the past week.
Coinbase, the U.S.-based cryptocurrency exchange, has acquired the Cyprus unit of BUX, now rebranded as Coinbase Financial Services Europe. The acquisition grants Coinbase a Cyprus Investment Firm license under the Cyprus Securities and Exchange Commission, allowing it to offer contracts…
THENA secures strategic investment from Binance Labs to drive DeFi innovation. THENA (THE), a decentralized exchange and liquidity mechanism on the BNB Chain, has secured investment from Binance Labs, the venture financing and incubator arm of Binance. Launched in Jan.…