Search Results for: bankruptcy process

Voyager Digital Provides Update on Reimbursement Plan for Creditors

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Following Binance’s withdrawal from the Voyager Digital deal on April 25, the now-defunct crypto lender has recently informed creditors that they can expect to receive their initial cash and crypto distributions “within the next few weeks.” This update comes nine days…

US Government Seizes $700 Million in Assets From Disgraced FTX Co-Founder Sam Bankman-Fried

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Federal prosecutors have seized $697 million in assets, mostly comprised of more than 56 million Robinhood shares worth $526 millón, from FTX co-founder Sam Bankman-Fried. Court filings detailed that the U.S. government seized a series of bank accounts belonging to Bankman-Fried,…

El gobierno de EE. UU. incauta acciones de Robinhood vinculadas al fundador de FTX, Sam Bankman-Fried

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Los Estados Unidos. Departamento de Justicia (DOJ) is in the process of seizing Robinhood shares, worth about $460 millón, that are linked to former FTX CEO Sam Bankman-Fried (SBF). “We believe that these assets are not property of the bankruptcy estate or…

Gemini’s Cameron Winklevoss Insists Digital Currency Group Needs to Resolve Liquidity Issues in Open Letter to CEO Barry Silbert

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Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, published an open letter to Digital Currency Group (DCG) CEO Barry Silbert on Jan. 2, 2022, stating that it had been 47 days since withdrawals from Genesis had been halted. In the letter,…

Reporte: Genesis Owes Gemini Customers $900 Millón, Exchange Is Attempting to Recoup Assets

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According to a recent report from the Financial Times (PIE), Genesis Global Capital allegedly owes $900 million to Gemini customers. The exchange operated by Cameron and Tyler Winklevoss is attempting to recover the funds from Genesis, according to FT’s sources. Reporte…

Bankrupt Crypto Exchange FTX Exploring Sales of Subsidiaries, CEO Reveals

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Bankrupt cryptocurrency exchange FTX is exploring sales, recapitalizations, and other strategic transactions with respect to its solvent subsidiaries. The firm’s new CEO has instructed the FTX team “to prioritize the preservation of franchise value as best we can in these difficult…

Troubled Crypto Exchange FTX Files for Chapter 11 Bankruptcy Protection, CEO Steps Down

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The embattled crypto exchange FTX has informed the public that the FTX parent firm West Realm Shires Services, Investigación de Alameda, and approximately 130 additional affiliated companies have filed for Chapter 11 bankruptcy protection in Delaware. FTX’s Parent Company, Investigación de Alameda, y…

Las acciones de Core Scientific fueron rebajadas después de que la presentación ante la SEC insinuara una posible quiebra

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Uno de los mineros de bitcoins que cotizan en bolsa más grandes, Núcleo científico, ha sacudido a los inversores con una reciente presentación ante los EE.UU.. Comisión de Bolsa y Valores que plantea la posibilidad de que la empresa pueda solicitar protección por quiebra. The filing notes that Core Scientific…

Celsius Clients Beg Bankruptcy Court to Release Crypto, One Customer Needs Funds to ‘Put Food on the Table’

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After the crypto lender Celsius filed for bankruptcy protection on July 13, the company recently contacted customers and explained that an employee from one of the firm’s vendors accessed a list of Celsius client emails, and the email addresses were “transferred…

$540 Million Worth of ‘Sleeping Bitcoins’ From 2014 Move — BTC Possibly Linked to Cryptsy Theft

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En marzo 29, blockchain parsers caught a sequence of 11 transactions totaling 11,325 bitcoin moving from unknown wallets created in 2014, to a great number of recipient addresses. Es más, the stash of bitcoin worth $540 million today is possibly linked to…