Tag: Bankruptcy

FTX Sells $2.6 Billion Solana Tokens Amid Bankruptcy Recovery

In a final move concluding weeks of auctions, the estate of bankrupt crypto exchange FTX has completed the sale of $2.6 billion worth...

Economist Argues Bitcoin Will Push MicroStrategy to Bankruptcy

Gold prices surged to unprecedented levels on Monday, capturing the attention of investors worldwide. Amid this spectacle, Peter Schiff, a staunch gold advocate,...

Sam Bankman-Fried Ordered to Court While FTX Bankruptcy Ends

US Judge Lewis Kaplan ordered Sam Bankman-Fried (SBF) to appear in court on Feb. 21, 2024. Kaplan’s orders came after prosecutors wrote a...

Celsius Network Has Reportedly Emerged from Bankruptcy

The now-defunct crypto lending platform Celsius Network has declared that it has “emerged” from bankruptcy, by finalizing the obligated payments under its confirmed...

Terraform Labs Caves In: Crypto Stablecoin Giant Files For Bankruptcy In US

In a stunning turn of events, the TerraUSD (UST) stablecoin project and its creator, Terraform Labs, find themselves grappling with Chapter 11 bankruptcy in...

Terraform Labs files for Chapter 11 bankruptcy

Terraform Labs, the company behind LUNA and stablecoin UST, has filed for bankruptcy in the United States District of Delaware after seeming to...

Bitcoin Miner Core Scientific Set for Revival After Bankruptcy

Bitcoin mining company Core Scientific announced the successful resolution of its Chapter 11 bankruptcy plan. The firm plans to resume normal business operations...

FTX Puts Final Touches on Bankruptcy Plan to Pay Back Creditors

FTX Trading Ltd. has nearly completed its journey through bankruptcy. It recently revealed a proposal aimed at returning billions to its customers and...

SafeMoon’s Bankruptcy Fallout: SFM Token Decline Explained

SafeMoon US, LLC has filed for Chapter 7 bankruptcy with the United States Bankruptcy Court for the District of Utah. This development follows...

FTX Bankruptcy Managers Sue Bybit Over $953M

FTX’s bankruptcy managers have initiated legal action against Bybit crypto exchange and two other entities, pursuing the recovery of $953 million in assets...

WeWork Bankruptcy Could Drive Crypto Nomads Elsewhere

Flexible remote workspace provider WeWork could file for bankruptcy by next week after failing to make interest payments to bondholders by Oct. 2....

Michael Arrington Departs Board Overseeing Celsius Bankruptcy

Michael Arrington, founder of Arrington Capital, announced his resignation from the board overseeing the bankruptcy plan of the now-defunct crypto lender Celsius. “I will...

Genesis Ends All Trading Services Amid Bankruptcy, Unpaid Loans

Genesis Global Trading, a once dominant player in the cryptocurrency trading arena, has announced the discontinuation of its global trading services. The decision...

Prime Trust Loses $6 Million More Amid Bankruptcy Proceedings

Crypto custodian Prime Trust has admitted to losing $8 million in customer and corporate funds through the collapse of TerraUSD. The custodian lost...

Evergrande Files For Chapter 15 Bankruptcy in New York

China’s second largest property developer, Evergrande, has reportedly filed for Chapter 15 bankruptcy in New York. According to an Aug. 17 report, the move...