Bankruptcy
-
Bitcoin
FTX Bankruptcy Claims Surge in Value: Bids Now Approach 93 Cents on the Dollar
Half a year ago, firms specializing in acquiring troubled companies and their debts were actively accumulating FTX bankruptcy claims worth…
Read More » -
Bitcoin
Crypto Lender Genesis Requests US Bankruptcy Court to Approve ‘Settlement Principle’
The insolvent cryptocurrency lender, Genesis, has petitioned a U.S. bankruptcy court to approve a proposed settlement principle announced on Feb.…
Read More » -
Bitcoin
Crypto Lender Genesis Agrees to $21 Million SEC Fine, Funds to Await Bankruptcy Claim Settlements
Genesis Global Capital has settled with the U.S. Securities and Exchange Commission (SEC) and agreed to pay a $21 million…
Read More » -
Bitcoin
Email Shows Digital Currency Group and Gemini Explored Merger Before Genesis Bankruptcy
In an email found within the motion by Digital Currency Group (DCG) and Barry Silbert to dismiss the lawsuit initiated…
Read More » -
Blockchain
FTX and Alameda Reach $874M Settlement with BlockFi Amid Bankruptcy Proceedings
FTX and Alameda have agreed to an “in principle” settlement with BlockFi, potentially paying up to $874 million, marking a…
Read More » -
Bitcoin
FTX to Sell Subsidiary Acquired for $10M to Coinlist for $500K Amid Bankruptcy Proceedings
FTX Trading Ltd. and its affiliates have announced a plan to sell a subsidiary it acquired for $10 million to…
Read More » -
Blockchain
DCG Challenges Genesis Capital’s Bankruptcy Plan for Overcompensation
DCG opposes Genesis Global Capital’s bankruptcy plan, citing legal violations and ethical concerns over asset valuation and creditor compensation in…
Read More » -
Blockchain
FTX Seeks to Liquidate $1.4 Billion Anthropic Stake Amid Bankruptcy Proceedings
FTX seeks court approval to divest its $18 billion stake in Anthropic, part of its post-collapse asset liquidation strategy, to…
Read More » -
Blockchain
Genesis Global Capital Moves to Liquidate $1.6 Billion in Grayscale Trusts Amid Bankruptcy
Genesis Global Capital has petitioned the U.S. Bankruptcy Court to sell off its Grayscale Bitcoin, Ethereum, and Ethereum Classic Trust…
Read More » -
Blockchain
FTX Seeks Court Approval to Sell $175M Genesis Claim Amid Bankruptcy Proceedings
FTX has filed a motion in Delaware court to sell a $175 million claim against bankrupt Genesis Global Capital, aiming…
Read More »