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Court approves Terraforms Labs’ request to hire Dentons despite regulatory concerns

A US bankruptcy court has approved Terraform Labs’ request to retain law firm Dentons despite concerns raised by the company’s creditors and the SEC. This approval comes on the heels of Dentons’ commitment to return $48 million to Terraform, a substantial part of the retainer fee initially paid to the firm for legal services, marking […] The post Court approves Terraforms Labs’ request to hire Dentons despite regulatory concerns appeared first on CryptoSlate. дальше »

2024-3-14 01:18


Next Bitcoin Crash? Insight On Genesis’ $1.5 Billion GBTC Sale

The crypto community has been abuzz with discussions surrounding Genesis’ intent to sell approximately 36 million shares of Grayscale Bitcoin Trust (GBTC), a move valued around $1.5 billion. This announcement stoked fears of a potential market downturn, reminiscent of the apprehensions following the FTX bankruptcy estate’s sale of over $1 billion worth of GBTC. However, a […] дальше »

2024-2-14 14:30


Celsius Network Offers Settlement Plan for Large Account Holders Amid Bankruptcy Proceedings

In a pivotal move, Celsius Network LLC offers a settlement plan to account holders with significant liabilities as part of its Chapter 11 reorganization. This article details the critical deadlines, eligibility criteria, and steps involved in the settlement process, providing essential insights for affected stakeholders. дальше »

2024-1-10 09:30


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Celsius elicits mixed signals as it announces plans to unstake $468 ETH

Crypto lender Celsius wants to unstake its Ether holdings to meet the costs of its restructuring plan. The embattled crypto firm says the funds raised will be used to pay its creditors. Celsius’s move comes after the Southern District of New York Bankruptcy Court approved its restructuring plan in November. The plan included the creation […] дальше »

2024-1-5 15:05


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Russian Banks Collect Customer Data from Bybit, Bitstamp, OKX Amid Bankruptcy Fears

Several international cryptocurrency exchanges have joined forces with Russian arbitration managers to locate digital assets belonging to debtors amid growing concerns about bankruptcy. According to a Tuesday report by Russian business newspaper Vedomosti, cooperation agreements have already been established with prominent exchanges such as Bybit in Dubai, Bitstamp in Europe, Bitrue in Singapore, Gate.io in […] дальше »

2023-11-23 16:07


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Bankrupt Genesis alleges Gemini contributed to ‘run on the bank’ with $689M withdrawals

Bankrupt crypto lender Genesis has filed legal actions to retrieve $689. 3 million from cryptocurrency exchange Gemini. In a Nov. 21 court filing, the bankrupt lender alleged that Gemini contributed to the “run on the bank” it suffered by making these preferential transfers during a 90-day period that preceded its bankruptcy filing. дальше »

2023-11-22 15:35