Search Results for "bankruptcy"
NBA Entangled in $4.2 Billion Lawsuit Over Voyager Crypto Collapse
NBA faces $4.2 billion class-action lawsuit for alleged negligence in marketing partnerships with Voyager Digital, focusing on unregistered securities and celebrity endorsements in cryptocurrency.
Digital Currency Group Sells Shares in Subsidiary's Crypto Funds
As the crypto empire struggles, Barry Silbert's Digital Currency Group has divested interests in Grayscale Investments funds.
Bankrupt Crypto Lender Voyager to Auction Off Assets
Voyager has hinged its recovery on the assets sale. Its assets will be auctioned with a guided legal process.
Celsius Files for Chapter 11 Bankruptcy Protection, Clears Debt with Compound
Celsius Networks has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York. The crypto lender also repaid its remaining debt to the DeFi lending protocol Compound.
BlockFi Petitions To Restore Wallet Users' Frozen Crypto
On November 11, BlockFi banned withdrawals and asked customers not to deposit to wallets or Interest Accounts due to FTX uncertainty. The lending platform intends to seek similar remedies from the Supreme Court of Bermuda. Jan 9 is the hearing date for the motion's approval.
NFTs belonging to bankrupt hedge fund to be sold by liquidators
The liquidators said the "Starry Night Portfolio" of NFTs would not be sold.
Stargate Foundation advised against reissuing STG token
Stargate Foundation has been advised against reissuing the STG token by its DAO due to concerns raised by FTX liquidators following the bankruptcy of FTX and Alameda Research's wallets being hacked for roughly $500 million.
FTX seeks to recover political donations made by Sam Bankman-Fried
FTX's new management wants to reclaim Sam Bankman-Fried and other executives' political contributions from February 28.
Bankrupt crypto lender Celsius Network has chosen NovaWulf Digital Management as sponsor
Celsius Network submitted a restructuring plan to a U.S. Bankruptcy Court.
Vebitcoin Crypto Exchange Shuts Down its Business, Turkish Financial Watchdog Investigates
Vebitcoin has suddenly halted its trading, citing financial strains.
Genesis creditor reveals new proposed restructuring plan that will see creditors getting back
DCG is giving its ownership investment in a Genesis trading firm to the insolvent crypto lender's worldwide parent company.
U.S. Prosecutors Aim to Sideline Asset Recovery Talks in Bankman-Fried Trial
U.S. prosecutors in Samuel Bankman-Fried’s trial have urged the court to disallow any arguments concerning the recovery of misappropriated FTX customer assets invested in AI startup Anthropic. This development arises as Bankman-Fried's investment could now be of higher value, potentially affecting the recovery prospects for FTX customers amidst the ongoing bankruptcy process.