Search Results for "bankruptc"
Prime Trust Files for Chapter 11 Bankruptcy
Prime Trust, LLC filed for Chapter 11 bankruptcy on August 14, 2023, following financial difficulties, a cease and desist order, and a terminated acquisition deal with BitGo.
OKX Sends $60M to Alameda Research
Crypto exchange OKX sent $60M worth of digital assets to Alameda Research as part of a recovery effort to pay back customers of its sister company FTX. Alameda Research currently holds over $284M worth of assets, including USDT and ETH.
Voyager Digital Asks Court to Allow Withdrawals Request
Embattled crypto brokerage firm Voyager Digital recently sought permission to process user withdrawals request from the Federal Bankruptcy Court.
Court Approves Voyager Digital's Acquisition by Binance.US
The US District Court rejected the government's appeal to halt Binance.US's acquisition of bankrupt brokerage company Voyager Digital. The court confirmed its prior approval of Voyager Digital's Chapter 11 bankruptcy plan, which involves selling assets to Binance.US to repay customers. The court also allowed Binance.US to issue repayment tokens to impacted Voyager customers, despite objections by the US Securities and Exchange Commission.
Celsius Network's Disclosure Statement Gets Court Approval
Celsius Network's Disclosure Statement approved by NY Bankruptcy Court. Fahrenheit, LLC selected as winning bidder in May 2023 auction. Voting on Chapter 11 Plan set for Sep 22, 2023.
Celsius Unloads Over $125M in Ethereum, Stirs Crypto Market Speculation
Celsius Network's transfer of over $125M in Ethereum to exchanges amid bankruptcy stirs speculation in the crypto market.
FTX's Restructuring Plan: Aiming for Full Customer Repayment Without Relaunching Exchange
FTX aims to fully reimburse its customers and creditors as part of its restructuring plan. This approach, focusing on repayment without relaunching the exchange, is based on valuations of assets as of November 2022, drawing mixed reactions from the crypto community.
FTX CEO Describes 'Pure Hell' Leading Up to Exchange's bankruptcy case
CEO John Ray testified for FTX bankruptcy judge John Dorsey on a request to appoint an independent examiner.
SEC Charges FTX Auditor Prager Metis Over Independence Violations
The SEC has charged Prager Metis with violations of auditor independence laws, drawing attention due to its previous engagement with cryptocurrency exchange FTX, which filed for bankruptcy in 2022. The legal action emphasizes the crucial role of auditor independence in ensuring financial transparency and investor protection.
Celsius Network Announces Court Approval of Reorganization Plan
Celsius Network has received court approval for its Plan of Reorganization, which aims to transform the company into a creditor-owned bitcoin mining firm, with over 95% creditor support, and aim for a 2024 Chapter 11 emergence.
BlockFi Will Submit Assets And Liabilities For Bankruptcy On January 11
BlockFi will show assets, obligations, and pre-bankruptcy payments. After its first bankruptcy hearing in November, the business contacted 106 buyers. The U.S. Department of Justice confiscated over 55 million Robinhood shares worth $450 million. BlockFi claimed shares.
Celsius Network Coin Report Shows Latetst Net Liabilities Over $2.8 Billion
Embattled crypto lending platform Celsius Network's latest coin report shows the company owing a total of $6.7 billion of token liabilities against just $3.8 billion in assets as of July 29.