Bankruptcy
- Crypto Exchanges
FTX’s Legal Move to Recover Funds from Anthony Scaramucci and SkyBridge Capital
FTX, the cryptocurrency exchange that declared bankruptcy in November 2022, has intensified its asset recovery efforts by filing lawsuits against…
Read More » - Crypto Exchanges
FTX Customers Outraged Over Reimbursement Plan, Set to Receive Only 10-25% Back
FTX creditors are set to recover only a fraction of their cryptocurrency holdings, with estimates ranging from 10% to 25%,…
Read More » - Markets
Bitcoin Dips Below $63K as Genesis Distributes Assets Following Bankruptcy
Bitcoin has dropped below $63,000, falling as much as 3.5% to $62,411 amid market risk aversion and news that Genesis…
Read More » - Policies & Regulations
South Korea Implements New Crypto Regulations to Refund Investors in Case of Bankruptcy
Starting next month, cryptocurrency investors in South Korea will benefit from new rules designed to protect user funds in the…
Read More » - Companies
Genesis Global to Return $3 Billion to Customers in Bankruptcy Liquidation
On Friday, Crypto lender Genesis Global received court approval to refund approximately $3 billion in cash and cryptocurrency to its…
Read More » - Companies
Genesis Global Seeks Approval to Liquidate $1.6 Billion in Assets
Genesis Global Capital, once a major player in cryptocurrency lending, is taking further steps to tackle its financial issues. The…
Read More » - Government
Genesis Global Settles SEC Lawsuit for $21 Million
Bankrupt firm Genesis Global Holdco and its affiliates have finally announced a settlement with the United States Securities and Exchange…
Read More » - Crypto Exchanges
Celsius Reinvents Bankruptcy: $3B Repayment Ready via Ionic Digital, Will FTX Follow?
After navigating Chapter 11 bankruptcy proceedings in the United States, Celsius is gearing up for the distribution of $3 billion…
Read More » - Companies
Core Scientific’s Comeback: Bitcoin Miner Emerges Stronger, Returns to Nasdaq After Successful Debt Reduction
Texas-based bitcoin mining firm Core Scientific has announced its return to Nasdaq, resuming trading on Wednesday after implementing extensive reorganization…
Read More » - Global News
Terraform Labs, Creator of TerraUSD, Seeks Bankruptcy Due to Legal Battles
Terraform Labs, the company behind the now-closed TerraUSD (UST) stablecoin, has filed for bankruptcy protection in the United States. The…
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