Bankruptcy


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Crypto Custodian Prime Trust Files for Bankruptcy

Beleaguered crypto custodian Prime Trust has filed for Chapter 11 bankruptcy protection on Monday, as the chill of crypto winter drags on. This comes after CoinDesk recently reported that the company looked poised to enact potentially massive layoffs. "First Mover" hosts Jennifer Sanasie and Lawrence Lewitinn weigh in on the latest developments.

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Политика

FTX Fires Back at Creditors 'Willing to Gamble Estate Assets on Higher Returns'

The committee of unsecured creditors had criticized the bankrupt estate's reorganization plan submitted to a Delaware court in July.

New FTX CEO John J. Ray III (C-Span)

Финансы

Bitmain, Anchorage Expected to Take Equity in Bitcoin Miner Core Scientific as Part of Bankruptcy Plan

The world's largest crypto mining machine maker is set to take a $54 million stake in Core Scientific as the miner emerges out of Chapter 11 proceedings.

Core Scientific facility in North Carolina. (Core Scientific)

Финансы

Bankrupt Crypto Lender BlockFi Inches Closer to Refunding Clients

The firm receives conditional approval for its restructuring plan from a U.S. bankruptcy court.

Publicidad de BlockFi en Union Station, Washington D. C. (Archivo de CoinDesk)

Рынки

DCG Says It Sees Resolving Genesis Chapter 11 Bankruptcy Soon

Digital Currency Group comments on the restructuring in an investor letter.

Barry Silbert. CEO & Founder Digital Currency Group (DCG)

Финансы

FTX Users Potentially Targeted in Possible Phishing Attack as Bankruptcy Claims Deadline Nears

FTX users have until Sept. 29 to file their bankruptcy claims.

FTX users prompted to reset password (FTX)

Политика

FTX Seeks to Recover $71M From Its Philanthropic and Life Science Arms

The firms funneled corporate funds to other organizations on behalf of their founder Sam Bankman-Fried’s "personal aggrandizement," a court filing shows.

(Pixabay)

Политика

Ripple Court Ruling Unlikely to Impact Celsius Wind-Up, Crypto Lender’s Counsel Says

Crypto securities ruling could impact pricing of CEL token but won’t affect restructuring plans, the counsel said.

(Pixabay)

Политика

BlockFi Bet Big on FTX and Alameda Even After Seeing Infamous Balance Sheet, Creditors Say

The crypto lender saw “the exact same balance sheet” later exposed by CoinDesk, but still put clients' money in Sam Bankman-Fried’s companies, a scathing new report claims.

BlockFi CEO Zac Prince at Consensus 2019 (CoinDesk)

Рынки

Celsius Moves $59M of Altcoins in Possible Prelude to Converting Into BTC, ETH

A U.S. bankruptcy court previously granted the crypto lender permission to sell its altcoin holdings for bitcoin and ether starting in July.

Celsius deposits to FalconX (Arkham Intelligence)