Bankruptcy


Політика

Voyager’s Binance US Sale Plan ‘Full Steam Ahead,’ Counsel Says

97% of creditors have so far voted in favor of the plans with hours left to go in the vote, Voyager’s attorneys told a court.

Voyager CEO Steve Ehrlich (CoinDesk)

Відео

Custodia Bank CEO on State of US Crypto Regulation

In the wake of prominent crypto companies filing for bankruptcy last year, Custodia Bank founder and CEO Caitlin Long discusses the state of the U.S. crypto regulation and the outlook for regulatory clarity. Long claims she warned regulators about bank run risks tied to crypto and also discusses Custodia Bank filing an amended complaint against the Federal Reserve last Friday. "Custodia bank has been disparaged by powerful regulators and politicians and we did nothing wrong," Long said.

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Фінанси

FTX Bankruptcy Claims Sell for 20 Cents on the Dollar in Private OTC Markets

The sales suggest distressed asset funds are projecting recoveries of about 50 cents over five years.

(Towfiqu Barbhuiya/Unsplash)

Політика

FTX Japan Customers Can Begin Withdrawing Fiat, Crypto on Feb. 21

The announcement meets a promise made in December by the ring-fenced exchange.

(Andrew Holt/Getty Images)

Фінанси

Crypto Miner Core Scientific Paid More Than $1M to CEO-Affiliated Jet Company For Employees

The world's largest bitcoin miner by computing power made its last payment to the firm in October 2022.

Core Scientific facility in North Carolina. (Core Scientific)

Фінанси

Celsius Failed to Record Some 7,000 Intercompany Transfers Worth Billions Leading Up to Bankruptcy

A lack of record-keeping could make it impossible to "fully reconstruct" the bankrupt crypto lender's multi-billion-dollar intercompany claim, court filings show.

Alex Mashinsky, fundador y CEO de Celsius Network, en Consensus 2019. (CoinDesk)

Політика

BlockFi Looks to Dismiss Bankruptcy Case for SBF’s Robinhood Shell Company

Emergent Fidelity’s case is "futile," says the bankrupt crypto lender seeking access to its 55 million Robinhood shares.

(Shutterstock)

Відео

Stronghold Digital Mining CEO on Latest Debt Restructuring Deal

Bitcoin miner Stronghold Digital's (SDIG) latest debt restructuring deal will allow the postponement of principal repayments on $54.9 million of debt through June 2024. Stronghold Digital Mining CEO and co-Chairman Greg Beard discusses the firm's strategies to avoid bankruptcy in a crypto winter. Plus, insights on the two-year deal with miner hosting company Foundry for 4,500 miners and reaction to Sen. Elizabeth Warren urging the U.S. government to compel crypto miners to disclose their energy consumption data. CoinDesk and Foundry are both owned by Digital Currency Group (DCG).

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Політика

Compute North’s Reorganization Plan Approved by Bankruptcy Judge

The hosting firm, one of North America’s largest, settled $250 million in secured debt and came to terms with about 11 companies.

Bitcoin Corporate Treasury Adoption (Shutterstock)

Відео

Mt. Gox’s Two Largest Creditors Elect Paid Out Mostly in Bitcoin: Sources

The two biggest creditors of Mt. Gox, the crypto exchange that failed due to a hack nine years ago, have elected to get their bankruptcy recovery paid out mostly in bitcoin (BTC), according to people familiar with the matter. This decision could soothe longstanding fears that a wave of simultaneous liquidations tied to Mt. Gox bankruptcy recoveries could drive down BTC's price. "The Hash" panel discusses the latest developments as the price of bitcoin tops $25,000.

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