Genesis, the crypto lender facing bankruptcy, has made a decisive move to streamline its Chapter 11 reorganization. The firm has sought court approval to significantly
Category: Bankruptcy
Bittrex Gains Court Nod For Bankruptcy Plan, What’s Next?
In a significant development, Bittrex, a prominent cryptocurrency exchange, has secured court approval for its revised bankruptcy plan under Chapter 11, allowing it to effectively
Celsius CEO Alex Mashinsky to Face Fraud Allegations in 2024
Former Celsius CEO Alex Mashinsky is gearing up for a criminal trial slated for Sept. 17, 2024. This development comes in the wake of allegations
Celsius Network Greenlighted to Convert Altcoins into BTC or ETH
Bankrupt crypto lender Celsius Network was given the greenlight to start the liquidation of all non-Bitcoin and non-Ethereum altcoins into the two dominant digital currencies.
Bankruptcy Judge Approves $300M Payment to BlockFi Customers
Based on a May 11th ruling, BlockFi custody wallet users may receive up to $300 million as a refund. This ruling, according to a Coindesk
Genesis Bankruptcy Proceedings May be Prolonged, Here’s Why
The bankruptcy proceedings of Genesis Global, one of the subsidiaries of the Digital Currency Group (DCG) may be prolonged much further, the company said in
Genesis Global To File For Bankruptcy As Early As This Week
In light of the current shortage of liquid assets–Genesis Global–the crypto lending division of Digital Currency Group (DCG) has been engaged in private discussions with
FTX recovers over $5 billion in assets, attorney claims
The bankruptcy cryptocurrency exchange – FTX – has managed to recover over $5 billion of its assets. The recovery was made in cash, liquid cryptocurrencies,
BlockFi to file assets and liabilities following bankruptcy declaration
BlockFi has announced that it will disclose its assets, liabilities, and payments received prior to its bankruptcy filing in November 2022. Last year, FTX, Celsius
Here’s How BlockFi Plans To Return Customer Funds
In news related to FTX, Sam Bankman-Fried’s disbanded crypto empire seems to owe $680 million to now-bankrupt crypto lender BlockFi Inc., according to a lawyer