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Court allows bankrupt crypto exchange Bittrex to resume customer withdrawals
The U. S. arm of Bittrex will reopen withdrawals on June 15 after securing court approval for its plan to repay customers ahead of credited fines. A Delaware bankruptcy court ruled in favor of the company’s plan and rejected the Department of Justice’s (DOJ) motion to block it on June 14, according to court filings. дальше »
2023-6-15 22:13 | |
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South Korean Crypto Lender Pauses Withdrawals Citing Heightened Market Volatility
South Korean crypto lender Delio has paused withdrawals due to heightened market volatility following Haru Invest's suspension of deposits and withdrawals. The move has been criticised by the crypto community, which has seen companies such as Celsius, Voyager and BlockFi pause withdrawals and later file for bankruptcy. дальше »
2023-6-14 19:15 | |
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Bittrex Gets Green Light: Court Order Allows Withdrawals Starting June 15
On June 15, clients of the United States division of the bankrupt cryptocurrency exchange Bittrex will be able to withdraw their assets, following a court ruling by a Delaware bankruptcy court. The exchange had declared bankruptcy in May, but the United States Justice Department had opposed Bittrex’s efforts to restore customer access to their assets, […] дальше »
2023-6-15 19:00 | |
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Embattled crypto exchange Bittrex US to allow withdrawals from Thursday
Following a decision by a Delaware bankruptcy court, the American branch of cryptocurrency exchange Bittrex is scheduled to open for customer withdrawals on Thursday. On Tuesday, Delaware bankruptcy court Judge Brendan Shannon authorized Bittrex US and its affiliates: “To permit their customers holding undisputed, noncontingent, and liquidated claims to withdraw cryptocurrency assets and fiat currency from […] The post Embattled crypto exchange Bittrex US to allow withdrawals from Thursday appeared first on CoinJournal. дальше »
2023-6-15 17:38 | |
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Bankrupt crypto exchange Bittrex U.S. to allow withdrawals
A Delaware bankruptcy court ruled that Bittrex U. S. and its affiliates can allow their customers to withdraw crypto assets. The exchange filed for bankruptcy last month as it was facing SEC's eThe post Bankrupt crypto exchange Bittrex U. дальше »
2023-6-14 17:00 | |
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Prime Trust subsidiary files for bankruptcy in the US
Banq, a subsidiary of the Nevada-based crypto custodian Prime Trust, has filed for bankruptcy in a US bankruptcy court in Nevada. дальше »
2023-6-14 16:56 | |
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Bankrupt crypto exchange Bittrex to enable withdrawals
The US division of cryptocurrency exchange Bittrex is planning to begin client withdrawals on June 15 after a ruling by a Delaware bankruptcy court. дальше »
2023-6-14 16:29 | |
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Prime Trust subsidiary Banq files for bankruptcy amid BitGo acquisition deal
Prime Trust payment subsidiary Banq files for bankruptcy, citing “unauthorized’ asset transfers to Fortress NFT Group.
дальше »2023-6-14 15:45 | |
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Prime Trust Owned Banq Files for Bankruptcy Amid Internal Struggles
Banq, a subsidiary of Prime Trust, has filed for bankruptcy in Nevada citing internal struggles and unauthorised transfers. Banq has accused former officers of stealing trade secrets to start competitive company. дальше »
2023-6-14 13:51 | |
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Prime Trust subsidiary Banq declares bankruptcy
Banq, a subsidiary of crypto custodian Prime Trust, filed for bankruptcy in the U. S. District Court of Nevada on June 13. Banq specializes in payment processing for cryptocurrency businesses. In the bankruptcy filing, the firm listed assets of $17. дальше »
2023-6-14 12:28 | |
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Prime Trust Unit Banq Files for Bankruptcy
Bankruptcy filing comes as TrueUSD stops redemptions and Haru Invest ceases operations citing problems with an unnamed partner. дальше »
2023-6-14 09:17 | |
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Genesis Trading files updated reorganization plan
Genesis Capital filed an updated reorganization plan on June 13, days after the bankruptcy court extended mediation talks with relevant stakeholders to August 2. It is an updated version of the initial wind-up plan submitted by the collapsed crypto lender in January as part of its bankruptcy proceedings. дальше »
2023-6-14 22:14 | |
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Will FTX Bankruptcy Judge’s Ruling Set a Precedent for Customer Anonymity in Crypto Insolvencies?
In a Delaware court, Judge John Dorsey has ruled that ordinary FTX customers, who were at risk of having their names disclosed, can remain anonymous for the foreseeable future. How significant is the ruling? The post Will FTX Bankruptcy Judge’s Ruling Set a Precedent for Customer Anonymity in Crypto Insolvencies? appeared first on BeInCrypto. дальше »
2023-6-13 00:00 | |
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BitGo to acquire 100% equity in Prime Trust parent following latter’s bankruptcy rumors
Crypto custodian BitGo said on June 8 that it signed a term sheet to acquire 100% equity in Prime Core Technologies, the parent company of Prime Trust. BitGo said the acquisition would allow BitGo to offer a “full suite of solutions” to institutional clients and fintech companies. дальше »
2023-6-9 01:58 | |
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US Government challenges Bittrex US’s motion to return customer crypto assets
Amid the unfolding bankruptcy case of crypto exchange Bittrex US, the US government has opposed the platform's motion to authorize customer withdrawals of their crypto assets. дальше »
2023-6-9 01:42 | |
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Crypto Exchange Bittrex’s Customer-Repayment Plan Faces U.S. Government Objection
If successful, it wouldn’t be the first time the state has scuppered a crypto bankruptcy proposal. дальше »
2023-6-8 11:21 | |
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Genesis granted plan extension; judge says FTX can’t take part in mediation
A judge in Genesis’ bankruptcy case has extended the date by which the company must file a recovery plan, according to a June 5 filing. Genesis receives a plan extension Genesis is currently in bankruptcy proceedings. дальше »
2023-6-6 01:41 | |
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New York’s ‘Met’ Museum of Art to Return $550,000 in FTX Donations
FTX and its related debtors sought back donations made to the Metropolitan "Met" Museum of Art in a motion before Delaware's Bankruptcy Court. The post New York’s ‘Met’ Museum of Art to Return $550,000 in FTX Donations appeared first on BeInCrypto. дальше »
2023-6-5 11:45 | |
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FTX files objection to Genesis after being snubbed in $0.00 claim estimate
FTX and its associated debtors declared numerous objections to Genesis’s bankruptcy proceedings and recovery plans in a June 2 court filing. FTX’s claim estimated at zero On May 9, Genesis began to seek a 100-day extension for its Chapter 11 recovery plan. дальше »
2023-6-3 17:16 | |
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OPNX explains why Celsius was prioritized over FTX, others for bankruptcy tokenization
Celsius was selected first for OPNX’s bankruptcy tokenization due to the company’s “completely unredacted database,” according to Heimdall CEO Vishal Shah. Heimdall, a provider of business tokenization solutions, and OPNX partnered to roll out their bankruptcy tokenization product, enabling users with funds frozen on defunct platforms to access liquidity. дальше »
2023-5-27 18:23 | |
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OPNX opening its bankruptcy claims product for Celsius users soon
OPNX co-founder Mark Lamb and Vishal Shah, the CEO of partnering firm Heimdall, confirmed its bankruptcy tokenization product would open for Celsius users in a week. The exchange allows users with funds frozen on defunct crypto platforms to unlock their underlying value. дальше »
2023-5-25 20:41 | |
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Core Scientific to exit bankruptcy by September 2023
Bankrupt crypto miner to exit bankruptcy by September this year. The latest developments led to a 7% hike in Core Scientific's share price. Crypto mining firm Core Scientific is reportedlyThe post Core Scientific to exit bankruptcy by September 2023 appeared first on AMBCrypto. дальше »
2023-5-24 14:30 | |
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Virgin Orbit Shuts Down Operations and Divests Assets Following April Bankruptcy
Coinspeaker Virgin Orbit Shuts Down Operations and Divests Assets Following April Bankruptcy Aerospace spinoff Virgin Orbit recently shut down, ending six years of operation after failing to secure a funding lifeline. дальше »
2023-5-24 12:22 | |
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Core Scientific Hopes to Emerge from Bankruptcy by September, Lawyers Say
Core Scientific should “trim” its restructuring timeline by “at least [one] month,” the federal judge overseeing the crypto miner's bankruptcy said during a Monday hearing as creditors called for the insolvent crypto miner to fast-track its plans to emerge from Chapter 11 bankruptcy. дальше »
2023-5-23 01:55 | |
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Genesis’ Parent Company DCG Missed a $650M Payment to Gemini, 232,000 Earn Users in Limbo
The Digital Currency Group (DCG), a leading crypto conglomerate and parent company of Genesis lending division, finds itself entangled in the bankruptcy proceedings between Gemini and Genesis. The last few... дальше »
2023-5-23 01:00 | |
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Court directs BlockFi to retract chapter 11 reorganization plan
A U.S. bankruptcy court recently ordered cryptocurrency lender BlockFi to withdraw its prematurely disclosed Chapter 11 reorganization plan and accompanying statement until all materials are formally authorized. дальше »
2023-5-23 20:45 | |
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Genesis seeks 100-day extension for recovery plan as DCG misses $630M payment
Bankrupt crypto lender Genesis has filed a motion to extend the exclusivity period for its reorganization plan by 100 days. Why Genesis sought an extension In a May 19 court filing to the United States Bankruptcy Court for the Southern District of New York, the bankrupt lender, said it needed the extension “to achieve a […] The post Genesis seeks 100-day extension for recovery plan as DCG misses $630M payment appeared first on CryptoSlate. дальше »
2023-5-22 14:45 | |
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Miami International Securities Exchange acquires FTX subsidiary LedgerX
The Miami International Securities Exchange (MIAX) is owned by Miami International Holdings (MIH). The acquisition deal was announced in April and approved by the bankruptcy judge on May 4. LedgerX is one of the FTX assets the bankruptcy court approved for sale in January. дальше »
2023-5-20 21:18 | |
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MIAX completes acquisition of FTX subsidiary LedgerX
The deal was announced in April and approved by the bankruptcy judge on May 4.
дальше »2023-5-20 20:30 | |
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FTX seeks to reclaim over $240m in controversial acquisition of Embed
Cryptocurrency exchange FTX, currently undergoing bankruptcy proceedings, has taken legal action against its former CEO, Sam Bankman-Fried, and other individuals involved in the acquisition of the stock trading platform Embed. дальше »
2023-5-19 12:22 | |
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Investor consortium Fahrenheit poised to win Celsius bankruptcy auction
A lawyer representing Celsius Network stated that the ongoing bankruptcy auction will be concluded within a week. A consortium of investors including Coinbase is likely to win the auction for tThe post Investor consortium Fahrenheit poised to win Celsius bankruptcy auction appeared first on AMBCrypto. дальше »
2023-5-18 17:00 | |
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U.S. bankruptcy court approves Voyager's chapter 11 plan, details inside
Voyager Digital received the approval from the bankruptcy court to start liquidation procedures. The crypto lender's bankruptcy estate aims to make initial asset distributions no later than 1 JThe post U. дальше »
2023-5-18 15:00 | |
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U.S. Court Asked to Reverse Decision to Not Appoint Independent Examiner in FTX Bankruptcy
A Delaware bankruptcy court judge denied a motion to appoint a neutral examiner to avoid a lengthy and costly investigation that would slow the progress of the bankruptcy proceedings. дальше »
2023-5-19 11:09 | |
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First Voyager payouts should begin by June 1, creditors’ committee says
Voyager’s Official Committee of Unsecured Creditors said on May 17 that a pending repayment plan will take effect in the next few weeks. Users could access funds in coming weeks The committee said that bankruptcy courts have approved Voyager’s liquidation procedures and said that the plan will take effect as early as May 19. дальше »
2023-5-18 04:05 | |
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Celsius could sell assets to top bidder Fahrenheit as auction concludes
Celsius could soon sell its assets as it concludes an auction that is part of its bankruptcy proceedings, Reuters reported May 17. Fahrenheit leading bidder The latest bidding session for Celsius’ assets has been ongoing since April 22. дальше »
2023-5-18 23:14 | |
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Celsius unstakes millions of dollars’ worth of ETH
The total value of the stETH tokens that Celsius is trying to withdraw is roughly $437.7 million. The company still holds an additional 188,000 stETH tokens, worth about $342 million. Celsius filed for bankruptcy in 2022 Celsius Network, a cryptocurrency lending platform that filed for bankruptcy amid the crypto winter, is unstaking millions of dollars’ […] The post Celsius unstakes millions of dollars’ worth of ETH appeared first on CoinJournal. дальше »
2023-5-17 20:55 | |
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BlockFi opts to liquidate its lending business
New Jersey-based bankrupt crypto lender BlockFi is looking to liquidate rather than sell its cryptocurrency lending platform after concluding that a sale might not benefit creditors. BlockFi, in a court document filed with the US bankruptcy court for the District… дальше »
2023-5-16 16:49 | |
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