Bankruptcy
- 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…
Read More » - Companies
Celsius Plans to Unstake $470M in ETH for Creditor Settlement
On January 5th, Celsius, currently navigating bankruptcy proceedings since filing Chapter 11 in July 2022, announced plans to reallocate assets…
Read More » - Companies
Crypto Mining Company Core Scientific to Rise from Bankruptcy in January
Cryptocurrency mining company Core Scientific has announced its anticipated emergence from bankruptcy in mid-to-late January, marking a pivotal moment a…
Read More » - Crypto Exchanges
Court Greenlights $873 Million Trust Asset Sale for FTX Creditor Repayment
In a major development for the bankruptcy proceedings of crypto exchange FTX, a Delaware bankruptcy court has given the go-ahead…
Read More » - Crypto Exchanges
FTX Sues Bybit for $953 Million Over VIP Withdrawals
FTX’s bankruptcy advisers have filed a lawsuit against Bybit Fintech Ltd and two affiliated entities in an attempt to recover…
Read More » - Companies
Celsius Emerges from Bankruptcy as Repayment Plan Gets Green Light
Celsius Network, a cryptocurrency lending company that faced financial distress, is poised to emerge from bankruptcy following a Delaware bankruptcy…
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