2023-2-22 17:25 |
The US Federal Trade Commission doesn’t want bankruptcy proceedings for the crypto lender to halt its investigation origin »
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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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John Ray, the new chief executive officer and chief restructuring officer of FTX, has revealed steps being taken by the beleaguered crypto exchange to secure assets in the near term amid conducting bankruptcy proceedings.
2022-11-17 22:42 | |
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Two of this summer’s biggest bankruptcies in the crypto industryCelsius and Voyagerhave revealed exposure to FTX, which could dramatically restructure their bankruptcy proceedings. Celsius Has $1.3M Locked, $13M Loans Celsius...
2022-11-12 04:02 | |
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The exchange website told another story.
2022-11-12 22:00 | |
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FTX, until recently thought to be one of cryptocurrency’s top platforms, has announced it entered voluntary Chapter 11 Proceedings. The announcement on Friday morning is the latest chapter of a really stunning turn of fortunes for the crypto exchange, a timeline of events that have helped trigger fresh selling across the crypto market.
2022-11-12 18:31 | |
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William Harrington, the U.S. Trustee appointed by the court for Celsius Network’s bankruptcy proceedings has criticized the crippled crypto lender for a motion it filed earlier this month. Bonus prThe post Is CEL yet again in trouble as court-appointed Trustee blasts Celsius for... appeared first on AMBCrypto.
2022-10-29 20:30 | |
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Crypto hedge fund Three Arrows Capital (3AC) is liquidating its NFTs as part of its ongoing bankruptcy proceedings. Starry Night NFTs Founded Three Arrows Capital is getting rid of its...
2022-10-6 00:31 | |
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Crypto loans-based bankrupt company Celsius filed for account holder loan obligation on Friday. In a statement, the company said it is not looking for commitments on loan repayment for its outstanding debts during its chapter 11 proceedings. Celsius Decides Not…
2022-10-2 20:45 | |
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The regulatory body tasked with overseeing Celsius’ bankruptcy proceedings has asked a New York judge to deny the failed crypto lender’s recent motions to reopen customer withdrawals and sell off its $23 million in stablecoin holdings, calling the actions impulsive and premature.
2022-10-1 21:43 | |
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The crypto brokerage and lender Voyager Digital faced severe tides since it filed for bankruptcy proceedings on 6 July 2022. Impacted by the collapse of Three Arrows Capital (3AC), Voyager Digital, inThe post Voyager: As FTX.
2022-9-28 22:30 | |
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Crypto lender Celsius Network, which started Chapter 11 bankruptcy proceedings in July, wants to return customer assets in the custody program and withhold accounts worth around $210 million, the firm said in a September 1 filing.
2022-9-2 20:13 | |
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More than 60 of Celsius’ custodial-account holders petitioned a bankruptcy court to force the crypto lender to send them back their funds outside of the proceedings.
2022-9-1 11:25 | |
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Seven of the largest brokerages in South Korea have started proceedings that will enable them to open digital currency exchanges in the first half of next year. The post South Korean Brokerages Looking to Open Crypto Exchanges Despite Terra (LUNA) Collapse appeared first on BeInCrypto.
2022-8-23 23:00 | |
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Troubled crypto lender Hodlnaut has fired 80% of its workforce and asked to be placed under judicial management in Singapore. The post Hodlnaut Slashes Staff and Faces ‘Proceedings’ by Singapore Authorities appeared first on BeInCrypto.
2022-8-20 19:00 | |
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The latest firm to freeze crypto withdrawals is engaged in “proceedings” with Singaporean police.
2022-8-19 08:32 | |
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The latest firm to freeze crypto withdrawals is engaged in “proceedings” with Singaporean police.
2022-8-19 08:32 | |
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Singaporean law offers temporary protection against any legal proceedings and claims, which the company believes would provide a breathing space to focus on its recovery plan.
2022-8-17 11:27 | |
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Embattled crypto lender Celsius filed for Chapter 11 bankruptcy in July and filed new documents in court on August 14, detailing its budget for August through October. The post Celsius set to burn $137.
2022-8-15 19:51 | |
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Rod Bolger resigned from Celsius in June, two weeks before the company filed for Chapter 11 protection.
2022-7-27 00:37 | |
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Embattled crypto lender Voyager Digital has rejected a joint offer from FTX and Alameda despite being cash-strapped and in the throes of bankruptcy proceedings. The post Voyager Rejects FTX and Alameda Offer for Being Below Proper Valuation appeared first on BeInCrypto.
2022-7-25 15:00 | |
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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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Some small print in a financial report from Coinbase has raised eyebrows over a potential bankruptcy scenario and the implications for retail customers' crypto assets stored on the platform. The post Crypto Held on Coinbase Could be Subject to Bankruptcy Proceedings appeared first on BeInCrypto.
2022-5-11 09:41 | |
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Crypto startup ChitMonks has raised $650k in a pre-series A round with the help of early-stage investors Unicorn India Ventures (UIV). The firm aims to revolutionize proceedings by bringing 21st-century blockchain technology to the old-fashion chit-fund market.
2020-7-1 17:29 | |
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Grant Thornton, the liquidator of defunct New Zealand-based cryptocurrency exchange Cryptopia, today has provided an update on receivership proceedings, noting some positive developments. The exchange company, which was hacked earlier this year, could not recover from the fateful event, and in May had no choice but to wind up.
2019-7-4 17:14 | |
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During the course of legal proceedings against Mark “Bomber” Thompson, it has emerged that the former Australian Football League coach indulged in mammoth crypto trading sessions whilst taking various controlled substances.
2019-6-27 02:00 | |
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Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets.
2019-5-22 23:02 | |
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The Winklevoss twins reached a settlement with Charlie Shrem on April 16, 2019, declaring that their case against him has been dismissed with prejudice and will not be reopened.
2019-4-18 23:23 | |
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Canadian crypto exchange QuadrigaCX has filed for bankruptcy as the attempt to restructure the company has failed. The move was approved Monday by a Nova Scotia judge, the country’s national broadcaster reported.
2019-4-9 14:46 | |
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Shuttered cryptocurrency exchange QuadrigaCX could be headed toward bankruptcy proceedings to give creditors the best shot at recouping assets. Ernst & Young (EY) in its latest report recommends transitioning Vancouver-based Quadriga Fintech Solutions, the exchange’s parent company, from a restructuring into bankruptcy proceedings.
2019-4-3 15:38 | |
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The Swiss Financial Market Authority (FINMA) has stated that a crypto firm that accepted around US$90. 5 million in deposits from more than 37,000 individual investors did so illegally. The company in question, Envion AG, is currently undergoing liquidation proceedings by the Zug bankruptcy authority.
2019-3-28 00:00 | |
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Swiss financial regulator FINMA has finished enforcement proceedings against crypto mining firm Envion, concluding that its ICO was illegal
2019-3-28 20:52 | |
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The fate of the former CEO of crypto exchange Mt. Gox is set to be decided this Friday as Mark Karpeles takes the stand before the judges in Tokyo, Japan. Mark already spent some time in prison before he was released on bail pending the court proceedings.
2019-3-14 20:10 | |
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QuadrigaCX, a cryptocurrency exchange in Vancouver, was originally established in 2013. According to reports, it was the first exchange that the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) chose to license.
2019-2-8 18:35 | |
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Bitcoin price ranging within a $155 zone QuadrigaCX is bankrupt Transactional volume low but set to increase as bull momentum pick up A Canadian crypto exchange, QuadrigaCX, has filed for credit protection asking the court to assign Ernst & Young Inc to overlook proceedings.
2019-2-1 20:00 | |
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A blog post published by the University of Oxford Faculty of Law has suggested that victims of a cryptocurrency theft and fraud could potentially recover their funds through legal proceedings in the future.
2018-12-14 12:00 | |
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Finnish tax authorities have handed over information on 2,700 bitcoin traders to its Danish counterpart, Skattestyrelsen (SKAT). According to a press release, the traders used an undisclosed Finnish exchange to collectively purchase and sell some $15.
2018-12-14 03:12 | |
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German blockchain startup Bitwala has launched crypto banking in Germany. After securing €4 million (roughly $4. 5 million) from VC firms Earlybird and Coparion in September of 2018 to develop a crypto banking solution, the company has allegedly amassed a waiting list of 30,000 potential users.
2018-12-13 22:32 | |
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Former Mt. Gox CEO Mark Karpeles has run into trouble in the Japanese legal system, and prosecutors are pursuing a 10-year jail sentence for alleged embezzlement during his tenure at Mt.
2018-12-13 21:15 | |
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Cubits management has been transferred to two administrators, a day after the platform halted all services and claiming temporary maintenance.
2018-12-12 20:24 | |
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Today’s edition of The Daily covers everything from hardware wallets to fake volume on cryptocurrency exchanges. But to kick-start proceedings, we’ve got the first report on a survey in which a surprising proportion of freelancers express an interest in being paid in cryptocurrency.
2018-12-4 13:00 | |
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America’s Securities and Exchange Commission, has successfully charged the founder of the token trading platform, EtherDelta. This is the first time that the US regulator has ever brought legal proceedings against a crypto exchange.
2018-11-8 19:28 | |
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The Shenzhen Court of International Arbitration (SCIA) has recently affirmed that cryptocurrencies, specifically bitcoin and several of its hard forks, are considered legal property and Chinese citizens have a right to own and transfer them.
2018-10-27 19:22 | |
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US government agencies are actively cracking down on illicit offerings pertaining to cryptocurrencies. This week, another three projects were shut down through cease & desist letters. All of these projects are active in North Dakota, where the local Securities Department is keeping a close eye on these proceedings.
2018-10-17 16:00 | |
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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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A year-old legal battle between two of the crypto industry’s leading organizations is coming to a close. After a volley of countersuits that had the companies jumping from courthouse to courthouse, Ripple and R3 have brokered a settlement that will put the drama to rest.
2018-9-12 21:26 | |
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Ripple Labs, the team behind Ripple and of course, XRP have made way in their legal battle after reports suggest they have won one of the court cases that is currently forcing Ripple and XRP into a temporary hibernation.
2018-8-15 17:30 | |
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Ripple’s legal proceedings have been relatively quiet of late, we can only expect that this is as a result of Ripple’s legal representatives paying heavy attention to PR and to damage control surrounding the XRP security saga.
2018-8-9 16:30 | |
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The United States Securities and Exchange Commission (SEC) is in no hurry to review the pile of Bitcoin ETF filings it has been accumulating over the past year. Not three weeks since postponing its decision on five other Bitcoin ETFs, the SEC has indicated in a public statement that it will be delaying its decision to approve or reject SolidX Bitcoin Shares until late September.
2018-8-8 17:15 | |
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In line with a vision for a blockchain future, legal authorities within Dubai are now looking into the development of a new blockchain system designed to streamline legal proceedings that reach domestic court level.
2018-8-1 16:00 | |
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CFTC Commissioner Kristin Johnson’s comments came after separate lawsuits from the CFTC and FTC were filed against Voyager and its former CEO, Stephen Ehrlich.
Mashinsky was arrested in June on allegations of misleading investors and manipulating tokens, and also faces parallel actions from multiple regulators
Nearly half of the consumers who reported a cryptocurrency-related scam in 2021 said it started with an ad, post or message on social media.