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Custody Giant Prime Trust Files For Chapter 11 Bankruptcy But Says It Will Continue Operations

Virtual currency custody solutions provider Prime Trust has filed for Chapter 11 bankruptcy following a liquidity crisis that community members say has been brewing for several months. The company made the filing on August 14, noting that the bankruptcy procedure will “provide a transparent and value-maximizing process for the benefit of the Company’s clients and […] дальше »

2023-8-22 21:29


Celsius set to vote on asset sale plan after court approves disclosures

Celsius Network is set to vote on its plan to offload assets to the Fahrenheit consortium after securing court approval for its disclosure statement and voting plan on Aug. 17. The court approval highlights the climax of Celsius’ year-long journey from bankruptcy, navigating through tumultuous crypto market shifts and the arrest of its former CEO, […] The post Celsius set to vote on asset sale plan after court approves disclosures appeared first on CryptoSlate. дальше »

2023-8-21 03:35


Celsius Creditors Could Recoup Up To 85% Of Holdings If New Proposal Is Approved

Amid the Celsius bankruptcy, permission has been granted to the company by a US bankruptcy judge to consider creditor approval for its bankruptcy plan. Creditors are to vote on Celsius’s plans to sell assets to the Fahrenheit consortium after a judge approved disclosures on Thursday, and creditors are expected to recoup up to 85% of […] дальше »

2023-8-19 23:00


Shiba Inu Bulls On The Horizon? Substantial Selling Pressure Seen Dropping

The price action of Shiba Inu (SHIB) has encountered a significant compression, primarily attributed to substantial selling originating from a prominent institutional market participant. Data obtained from Lookonchain, a renowned on-chain analytics resource, has shed light on the ongoing selling spree by Voyager, a troubled asset manager currently navigating bankruptcy proceedings. дальше »

2023-8-16 10:18


Final Countdown: Genesis’ Bankruptcy Mediation Faces Make-Or-Break Deadline

As the digital financial landscape navigates through both success stories and cautionary tales, the ongoing mediation of bankrupt crypto lender Genesis Global Holdco LLC has garnered attention. The latest development in the crypto lender’s bankruptcy saga emerged on Wednesday when a company attorney revealed they were approaching the end of their ongoing mediation. To clarify, […] дальше »

2023-8-3 21:00