Bankruptcy
- Companies
Proposed Restructuring Plan to Ensure 80 Percent Recovery for Genesis Creditors
A creditor of Genesis has announced that the proposed restructuring plan between Genesis, Digital Currency Group, and creditors would result…
Read More » - Crypto Mining
Core Scientific Offers 27,000 Mining Rigs to Settle $38.6M Debt
Core Scientific, the largest Bitcoin miner by computing power, has submitted a proposal to the U.S. Bankruptcy Court for the…
Read More » - Global News
Google Boosts AI Startup with $300M After Prior Funding by Sam Bankman-Fried
Google Cloud has apparently invested $300 million into Anthropic, a startup focused on artificial intelligence. The investment follows a prior…
Read More » - Crypto Exchanges
New Documentary Alert, FTX: The Inside Story – The SBF and CZ Dynamic
A new documentary will showcase the downfall of crypto exchange FTX and the events that led to it, focusing on…
Read More » - Global News
FTX Files Lawsuit Against Voyager Digital Over Repayment of $446M Loan
Bankrupt crypto exchange FTX has taken legal action against Voyager Digital by filing a lawsuit on Monday. FTX aims to…
Read More » - Global News
SBF Rejects Tougher Bail Restrictions, Accuses Prosecutors of Unfair Tactics
On Saturday, lawyers representing Sam Bankman-Fried requested from a US judge not to impose a ban on the communication between…
Read More » - Global News
FTX Attorneys Request Sworn Testimony from Bankman-Fried Family Members
FTX’s legal team is requesting to question the immediate family members of the former CEO, Sam Bankman-Fried, regarding their personal…
Read More » - Companies
BlockFi Reveals $1.2 Billion in Assets Tied to FTX and Alameda in Accidental Leak
BlockFi, a crypto lending company that went bankrupt, accidentally released uncensored financial documents which revealed that it had $1.2 billion…
Read More » - Companies
Crypto Lender Genesis Files for Bankruptcy
Genesis, a lender for digital currencies, has filed for bankruptcy protection under Chapter 11 in the Southern District of New…
Read More » - Crypto Exchanges
FTX Uncovers $5.5 Billion in Assets Through “Herculean Effort”
The CEO of crypto exchange FTX, John Ray, announced that the company has successfully identified a total of $5.5 billion…
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