Bankruptcy

Gemini slams Digital Currency Group’s Genesis bankruptcy recovery plan

The legal team representing Gemini criticized Digital Currency Group’s recent remuneration plan for creditors of Genesis Global, the now-insolvent crypto trading subsidiary of DCG.

FTX reportedly lacked basic governance and financial controls

The first interim report penned by John J. Ray III revealed that FTX lacked adequate governance, accounting, and security controls under its previous leadership.

Celsius approved to return 72.5% of assets to Custody account holders

Judge Martin Glenn ruled that Celsius’ Custody account holders can receive up to 72.5% of their crypto assets.

BlockFi holds uninsured funds worth $227M in Silicon Valley Bank

A recent court filing revealed that BlockFi holds $227M worth of non-FDIC insured funds in an MMMF with Silicon Valley Bank

Binance.US wins court approval to acquire Voyager Digital

Judge Michael Wiles has approved Binance US' proposal to acquire Voyager Digital despite significant opposition from the US regulators.

Celsius allows select Custody account holders to withdraw assets

Celsius has reopened withdrawals for select holders of Custody accounts. The news has received a mixed reaction from the crypto community as only a fraction of Celsius ‍users can withdraw their tokens.

Celsius extension request denied by US trustee and creditors

The US trustee and Celsius creditors have denied Celsius an extension of its timeline to submit its Chapter 11 restructuring plan. One reason for the refusal is the increased cash burn.

Genesis, Gemini, And DCG Reaches An Agreement In The Bankruptcy Court

Genesis, Gemini, and DCG have agreed in the bankruptcy court to help Earn users recover their assets. The agreement lays a framework to maximize value for all Genesis clients and stakeholders.

Hodlnaut receives acquisition inquiries from potential investors

Hodlnaut’s interim judicial managers have received inquiries from interested parties who seek to acquire the firm.

Tether CTO denies allegations of borrowing from Celsius

Paolo Ardoino, the Chief Technology Officer of Tether, denied reports about Tether receiving loans from Celsius. 

Alameda seeks to recover $446M from Voyager

Alameda Research filed a complaint against Voyager Digital to recover $446M worth of crypto assets from the bankrupt lender.

Genesis Global Capital Files For Bankruptcy Protection

Genesis Global Capital filed for chapter 11 bankruptcy following a liquidity crisis caused by the collapse of Three Arrows Capital and FTX.

Attorney Claims FTX Has Recovered Over $5B Worth Of Assets

Andy Dietderich, the attorney representing FTX, reported that the firm has recovered $5B in cash, liquid crypto, and liquid securities.

U.S. Government Confiscates $455 Million Worth of Robinhood shares From SBF

United States Department of Justice takes possession of Sam Bankman Fried’s Robinhood shares.

BlockFi Releases Presentation Detailing The Progress In Its Bankruptcy Proceedings

BlockFi provided a presentation highlighting the progress since its first-day hearing. The bankrupt lender will provide details on its liabilities and assets on January 11, 2023.

Judge Rules Celsius Owns Assets Held In Earn Accounts

Martin Glenn, the federal judge presiding over the Celsius bankruptcy case, ruled that the interest-bearing Earn accounts belong to Celsius.

FTX Users Request Court To Redact Private Information From Bankruptcy Filings

Clients of FTX International have requested the court to withhold their identities and private information from FTX's bankruptcy filings to protect the exchange's user base from identity theft and other cyber scams.

BlockFi Requests Court To Allow Holders Of Wallet Accounts To Withdraw Their Assets

BlockFi filed a motion with the Bankruptcy Court in New Jersey to enable withdrawals for Wallet Account holders.

Binance.US Set to Acquire Voyager Digital's Assets for $1 Billion

Binance.US is set to complete the acquisition of bankrupt crypto lender voyager.

BlockFi Sues Ex FTX CEO Bankman-Fried Over shares in Investment Company Robinhood.

BlockFi launches lawsuit against SBF shell company in a bid to enforce their previous agreement.

Crypto Exchange CoinList Refutes Rumours of Bankruptcy and Insolvency

CoinList addresses rumors of insolvency and bankruptcy...Highlights reason for pause in withdrawals.

Latest News

Celsius allows select Custody account holders to withdraw assets

Celsius has reopened withdrawals for select holders of Custody accounts. The news has received a mixed reaction from the crypto community as only a fraction of Celsius ‍users can withdraw their tokens.

Celsius extension request denied by US trustee and creditors

The US trustee and Celsius creditors have denied Celsius an extension of its timeline to submit its Chapter 11 restructuring plan. One reason for the refusal is the increased cash burn.

Genesis, Gemini, And DCG Reaches An Agreement In The Bankruptcy Court

Genesis, Gemini, and DCG have agreed in the bankruptcy court to help Earn users recover their assets. The agreement lays a framework to maximize value for all Genesis clients and stakeholders.

Hodlnaut receives acquisition inquiries from potential investors

Hodlnaut’s interim judicial managers have received inquiries from interested parties who seek to acquire the firm.

Tether CTO denies allegations of borrowing from Celsius

Paolo Ardoino, the Chief Technology Officer of Tether, denied reports about Tether receiving loans from Celsius. 

Alameda seeks to recover $446M from Voyager

Alameda Research filed a complaint against Voyager Digital to recover $446M worth of crypto assets from the bankrupt lender.

Genesis Global Capital Files For Bankruptcy Protection

Genesis Global Capital filed for chapter 11 bankruptcy following a liquidity crisis caused by the collapse of Three Arrows Capital and FTX.

Attorney Claims FTX Has Recovered Over $5B Worth Of Assets

Andy Dietderich, the attorney representing FTX, reported that the firm has recovered $5B in cash, liquid crypto, and liquid securities.

U.S. Government Confiscates $455 Million Worth of Robinhood shares From SBF

United States Department of Justice takes possession of Sam Bankman Fried’s Robinhood shares.

BlockFi Releases Presentation Detailing The Progress In Its Bankruptcy Proceedings

BlockFi provided a presentation highlighting the progress since its first-day hearing. The bankrupt lender will provide details on its liabilities and assets on January 11, 2023.

Judge Rules Celsius Owns Assets Held In Earn Accounts

Martin Glenn, the federal judge presiding over the Celsius bankruptcy case, ruled that the interest-bearing Earn accounts belong to Celsius.

FTX Users Request Court To Redact Private Information From Bankruptcy Filings

Clients of FTX International have requested the court to withhold their identities and private information from FTX's bankruptcy filings to protect the exchange's user base from identity theft and other cyber scams.

BlockFi Requests Court To Allow Holders Of Wallet Accounts To Withdraw Their Assets

BlockFi filed a motion with the Bankruptcy Court in New Jersey to enable withdrawals for Wallet Account holders.

Binance.US Set to Acquire Voyager Digital's Assets for $1 Billion

Binance.US is set to complete the acquisition of bankrupt crypto lender voyager.

BlockFi Sues Ex FTX CEO Bankman-Fried Over shares in Investment Company Robinhood.

BlockFi launches lawsuit against SBF shell company in a bid to enforce their previous agreement.

Crypto Exchange CoinList Refutes Rumours of Bankruptcy and Insolvency

CoinList addresses rumors of insolvency and bankruptcy...Highlights reason for pause in withdrawals.