Insolvency

Australia Suspends Financial Services License of Local FTX Entity

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Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to provide limited financial services until Dec. 19 in order to terminate…

Hedge Fund Galois Capital Discloses ‘Roughly Half’ of the Firm’s Capital ‘Stuck on FTX’

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According to the co-founder of Galois Capital, the hedge fund manager who warned about the Terra collapse before it happened, half of the hedge fund’s capital is left trapped on FTX. Galois co-founder, Kevin Zhou, wrote a letter to investors explaining…

German Crypto Bank Nuri Asks Clients to Withdraw Funds as It Goes Out of Business

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Digital asset platform Nuri has told customers to withdraw their funds in the next two months, after taking a hit from the crypto winter. Formerly known as Bitwala, the Berlin-headquartered cryptocurrency bank filed for insolvency earlier this year and failed to…

Celsius odobren za prodajo izrudanih bitcoinov, Stranka, ki je izgubila 50,000 USDC vztraja, da je treba njene regulirane stabilne kovance obravnavati drugače

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On August 16, the crypto lender Celsius Network has been approved by a bankruptcy court judge to sell bitcoin the company previously mined to continue funding specific operations. The following day, podjetje’s attorney detailed that Celsius has been offered cash…

Datoteke nemške kripto izmenjave Nuri za plačilno nesposobnost

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Cryptocurrency exchange Nuri has filed for insolvency, reportedly becoming Germany’s first fintech to take the step in a challenging year for startups in the industry. Customer access to the platform’s services and their funds will not be affected, the company assured….