Latest News on BANKRUPTCY

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FTX EU Launches Website for Customer Withdrawal Requests

FTX EU has launched a website for European customers to submit withdrawal requests following the global trading platform's collapse and bankruptcy in November 2022. The Cyprus Securities and Exchange Commission reportedly approved the new website domain name, which will only be used to pay back impacted customers and will not offer any products or services.

Zach Anderson

Apr 01, 2023

| 0 Min Read

#FTX EU #WITHDRAWAL REQUESTS #GLOBAL TRADING PLATFORM #BANKRUPTCY #CYPRUS SECURITIES AND EXCHANGE COMMISSION

News

FTX US and Alameda Research File Complaint Against FTX Digital Markets

FTX US and Alameda Research have filed a complaint against FTX Digital Markets, alleging that the Bahamas-based company was a "fraudulent enterprise" used to conceal the issue of the firm's ownership. The complaint claims that the claims made by FTX Digital Markets will harm FTX.com customers and other creditors of the FTX Debtors as the company continues with bankruptcy proceedings in the United States.

Terrill Dicki

Mar 21, 2023

| 0 Min Read

#FTX #ALAMEDA RESEARCH #FTX US #FTX DIGITAL MARKETS #BANKRUPTCY

News

US Officials Oppose Voyager Sale Provision

US officials request removal of a provision in Voyager Digital's bankruptcy plan, arguing it would impede government's regulatory powers; the provision prevents legal pursuit of those involved in the sale to Binance.US.

Zach Anderson

Mar 16, 2023

| 0 Min Read

#VOYAGER DIGITAL #BINANCE.US #PROVISION #BANKRUPTCY #U.S. OFFICIALS

News

Stargate Foundation advised against reissuing STG token

Stargate Foundation has been advised against reissuing the STG token by its DAO due to concerns raised by FTX liquidators following the bankruptcy of FTX and Alameda Research's wallets being hacked for roughly $500 million.

Rebeca Moen

Mar 15, 2023

| 0 Min Read

#STARGATE FOUNDATION #DAO #STG TOKEN #FTX LIQUIDATORS #ALAMEDA RESEARCH #BANKRUPTCY

News

FTX Continues to Move Funds Amid Ongoing Investigations

Addresses associated with FTX and its subsidiary, Alameda Research, have reportedly transferred $145 million in stablecoins to various platforms, as the cryptocurrency exchange faces demands to return funds to different groups of investors amid ongoing investigations and lawsuits.

Luisa Crawford

Mar 15, 2023

| 0 Min Read

#FTX #ALAMEDA RESEARCH #STABLECOINS #TETHER #USDC #BANKRUPTCY

News

Crypto Firms Report Funds Tied Up with Shuttered Signature Bank

Crypto firms including Coinbase, Paxos, and Celsius have reported funds tied up with Signature Bank, which was shut down by New York regulators due to concerns about systemic risk. While some firms expect to recover their funds in full, others have disclosed only that they had exposure to the bank. Other firms in the crypto industry have reassured customers that they had no exposure to Signature Bank.

Zach Anderson

Mar 14, 2023

| 0 Min Read

#SIGNATURE BANK #CRYPTO FIRMS #COINBASE #PAXOS #CELSIUS #BANKRUPTCY #FDIC INSURANCE

News

DOJ Appeals Against Approval of Voyager-Binance.US Asset Sale

The DOJ has filed an appeal against the approval of Voyager Digital's Chapter 11 bankruptcy plan, which would have allowed the company to sell assets to Binance.US. While U.S. bankruptcy judge Michael Wiles approved the plan, the SEC and other regulators have been critical, citing concerns over securities law. If regulators block the deal, Voyager may have to liquidate.

Zach Anderson

Mar 11, 2023

| 0 Min Read

#DOJ #VOYAGER DIGITAL #BINANCE.US #CHAPTER 11 #BANKRUPTCY

News

Digital Currency Group Reports Over $1 Billion Loss Due to 3AC Collapse

Digital Currency Group (DCG) has reported losses of over $1 billion in 2022, largely due to the collapse of Three Arrows Capital (3AC) and falling cryptocurrency prices. DCG's lending arm, Genesis, filed for Chapter 11 bankruptcy in January, as it was 3AC's largest creditor. DCG's fourth-quarter losses came to $24 million, while revenues came in at $143 million. Full-year revenues for DCG came in at $719 million, with total assets of $5.3 billion.

Terrill Dicki

Mar 05, 2023

| 0 Min Read

#DIGITAL CURRENCY GROUP #LOSSES #BANKRUPTCY #THREE ARROWS CAPITAL #CRYPTOCURRENCY PRICES

News

Voyager Digital Sells Assets via Coinbase Amid Bankruptcy

Voyager Digital, the CeFi platform that filed for Chapter 11 bankruptcy, has reportedly sold assets through Coinbase and received at least $100 million in USDC. The company has sent daily crypto transfers to Coinbase, with holdings of nearly $530 million in crypto, including Ether and Shiba Inu. The US SEC has objected to Binance.US acquiring over $1 billion of Voyager's assets.

Zach Anderson

Mar 03, 2023

| 2 Min Read

#VOYAGER DIGITAL #COINBASE #BANKRUPTCY #CRYPTOCURRENCY #ASSETS

News

Voyager reportedly sells assets on Coinbase exchange

Lookonchain showed Voyager using 23 tokens worth over $100 million.

Rebeca Moen

Mar 01, 2023

| 2 Min Read

#BLOCKCHAIN #COINBASE #BUSINESS #SEC #BANKRUPTCY #INVESTIGATION

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