Tag: Bankruptcy

Bankruptcy Law Firms Boom as Crypto Companies Go Bust

As crypto firms continue to collapse in the wake of FTX, one group in particular has been benefitting: bankruptcy lawyers. In addition to triggering...

Genesis Crypto Brokerage Scrambles to Keep Bankruptcy at Bay

Embattled crypto brokerage Genesis is pulling out all the stops and exploring all options it has to keep the bankruptcy lawyers at bay. Creditors...

Genesis Bankruptcy By EOY At 59%; Bitcoin Investors Pivot

A possible Chapter 11 bankruptcy of Genesis Trading and parent company DCG is still depressing the sentiment on the Bitcoin market. Genesis last...

BlockFi Files for Bankruptcy as FTX Contagion Spreads

BlockFi, the exchange that provided lending services along with cryptocurrency trading, filed for Chapter 11 protection today. BlockFi Inc and its eight subsidiaries became...

Alameda Withdrew $204 million from FTX.US Before Bankruptcy

Blockchain analytical firm Arkham Intelligence revealed that Alameda Research withdrew $204 million from FTX US before its collapse. Between November 6 and when the crypto...

CoinList Rejects Rumors of Insolvency and Bankruptcy

Crypto exchange CoinList rejected all rumors of insolvency or a lack of liquidity, calling it FUD. The exchange has been experiencing deposit and...

CZ Warned SBF to Own Up Before FTX Bankruptcy

Binance CEO Changpeng ‘CZ’ Zhao weighs in on the future of crypto and the much-publicized tweetstorm of former FTX CEO Sam Bankman-Fried (SBF)...

FTX Commences Bankruptcy Proceedings as CEO Steps Down

FTX.com has commenced Chapter 11 Bankruptcy proceedings after unsuccessfully attempting to raise $8 billion in liquidity. According to the notice, FTX US, Alameda Research...

Bitcoin Mining Giant Core Scientific on the Brink of Bankruptcy

Bitcoin mining giant Core Scientific in a filing with US Securities and Exchange Commission informed that they are halting all debt payments. A leader...

High Profile NFT Collection Moved from 3AC Wallet Amid Bankruptcy Proceedings

Last year, a non-fungible token (NFT) fund created by Three Arrows Capital co-founders has now seen many of its digital art assets moved...