BANKRUPTCY
Mt. Gox Creditor Refutes Fake Report about Upcoming 140K BTC Release
Eric Wall has announced that Mt. Gox is not soon distributing coins. Wall has refuted claims that the exchange plans to distribute 140,000 Bitcoins soon to the affected investors.
46% of American Crypto Investors Says it Has Done More Worse than Good - Report
Investing in the digital currency ecosystem has earned many of the early comers a fortune but the narrative is changing for those embracing the nascent industry now. According to a recent survey from the Pew Research Center, as many as 16% of US adults have invested in cryptocurrencies, particularly the top two coins, Bitcoin (BTC) and Ethereum (ETH)
Su Zhu Worried About Jail Term Over Liquidators Class Action Settlement - Report
The Singapore High Court recently approved liquidators to begin liquidating Three Arrows Capital’ remaining assets. Su Zhu worries that his firm (Three Arrows Capital) may not be able to fully comply with the liquidators’ demands, and therefore fears that they could face fines or jail.
Celsius Spent Over $40m on Crypto Mining in First Two Weeks after Bankruptcy
Celsius Network LLC used more than $40 million in cash on its startup mining operation in the first two weeks after filing for bankruptcy, according to a report from the Wall Street Journal.
Celsius Received Approval to Continue Bitcoin Mining
Celsius Network has been granted the approval to use its mined Bitcoin to offset some of the deficit incurred in its daily operations.
Celsius CEO Alex Mashinsky Involves Untimely Trading Prior to Crash: FT
Celsius's Chief Executive Officer, Alex Mashinsky, has been practically handling untimely trading activities of the firm since January.
Celsius Network Coin Report Shows Latetst Net Liabilities Over $2.8 Billion
Embattled crypto lending platform Celsius Network's latest coin report shows the company owing a total of $6.7 billion of token liabilities against just $3.8 billion in assets as of July 29.
Mark Cuban Slammed with Lawsuit for Endorsing Bankrupt Voyager Digital
Mark Cuban, the billionaire owner of the basketball team Dallas Mavericks, has been slammed with a class action lawsuit for his role in promoting the now bankrupt crypto platform Voyager Digital.
Ex-Voyager Executives Suggest Live Trading as Restructuring Plan
Shingo Lavine and his father, Adam Lavine, both equity holders in Voyager and developers of Ethos, a leading cryptocurrency technology company, have proposed a restructuring plan to the troubled U.S. crypto lender.
Celsius Network Petitions Court to Consult Former CFO Rod Bolger
Crypto lending platform Celsius Network has petitioned the US Bankruptcy Court to grant it permission to re-engage Rod Bolger, its former Chief Financial Officer for resuming consultation.
Celsius Case Experts Yet to Understand Cryptos Ruling Under US Bankruptcy Code
Celsius Network's repayment options to creditors suggest either accepting "cash at a discount" or remaining long-term crypto holders, but this is yet to be decided as the crypto lender's bankruptcy case carries on.
Voyager Digital Asks Court to Allow Withdrawals Request
Embattled crypto brokerage firm Voyager Digital recently sought permission to process user withdrawals request from the Federal Bankruptcy Court.
Celsius Files for Chapter 11 Bankruptcy Protection, Clears Debt with Compound
Celsius Networks has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York. The crypto lender also repaid its remaining debt to the DeFi lending protocol Compound.
Voyager Digital Executives Threatened by Clients, Revealed in Bankruptcy Hearing
Senior executives of crypto broker Voyager Digital and their families were reportedly threatened by their clients, a court in Manhattan revealed.
Voyager Digital Files Chapter 11 Bankruptcy in New York
Cryptocurrency broker Voyager Digital Ltd. said that it has filed for Chapter 11 bankruptcy in New York.