The bankruptcy cryptocurrency lender Celsius Network announced that some customers of the custody program from the insolvent crypto lender would be able to withdraw 94% of their eligible assets. Since June 2022, when the Celsius Network halted withdrawals, the crypto lending company created a withdrawal procedure for users who holds
Due to the FTX breakout, the crypto lending platform BlockFi filed for chapter 11 bankruptcy protection on November 28, 2022. On Monday, the company got approval from the United States Bankruptcy Court for the District of New Jersey to hold an auction for its crypto-mining assets. The company wants to
Sam Bankman-Fried (SBF), the co-founder of the now-defunct cryptocurrency exchange FTX, has reportedly attempted to influence the witnesses. In a recent court document, the U.S. prosecutors declared that the former CEO of FTX tried to persuade a witness in the case being investigated by the US government. In the wake
The crypto communities keenly observed FTX case had taken a few new turns such as the request for interrogating the previous CEO’s parent and sibling. The Bankman-Fried family will probably be answering the FTX lawyer’s question under the oath. Courts proceedings between the SEC and the collapsed crypto firm FTX
According to reports, Genesis , a cryptocurrency lender, plans to file for bankruptcy as early as this week. Since FTX’s demise and bankruptcy in November, bankruptcy filing has been expected. As per certain sources, Genesis was discussing a prepackaged bankruptcy plan with its creditors, which would entail striking a restructuring
Being a popular investment advisory firm, Monex is seeking interest to purchase the FTX Japan. Surprisingly, the firm is showing interest to buy FTX, during its bankruptcy proceedings. In addition, this Japanese FTX is one of the subsidiaries of FTX crypto exchange which is up for sale in the market.
According to reports, the bankruptcy court handling FTX’s case has rejected a letter signed by four US senators seeking an impartial examiner in the case. Concerns over FTX’s interconnection to Sullivan & Cromwell LLP were mentioned by the senators in a letter they sent on January 9th. The letter defined
BlockFi, an online platform and mobile app that allows users to purchase, sell, and trade cryptocurrency, has filed for bankruptcy and is attempting to keep their personal information private in a court filing on Tuesday. They have also claimed that they are concerned about identity theft or being a target
Voyager Digital, a bankrupt crypto brokerage company, has obtained preliminary court permission for a proposed $1 billion sale of its assets to the U.S. wing of the Binance exchange. According to a report from Reuters, Michael Wiles, Judge of the United States Bankruptcy Court for the Southern District of New York,
A U.S. bankruptcy judge determined on Wednesday that Celsius Network controls the majority of the cryptocurrency that users deposited onto its online platform. This implies that most Celsius users will be last in line for repayment in the crypto lender’s bankruptcy. According to a 45-page petition from the U.S. Bankruptcy
