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Bankruptcy
US Judge Approves Removal of FTX Turkish Units From Bankruptcy Case
The crypto exchange had asked the court to greenlight the exclusion of the units after Turkish authorities ordered the seizure of most of its assets in the country.
Genesis Publishes Proposed Sale Plan With DCG, Bankruptcy Creditors
Genesis Global Holdco filed for bankruptcy protection last month and unveiled the final details of a proposed plan to sell itself off alongside Genesis Global Trading to help parent Digital Currency Group (DCG) pay off some of the firm's creditors. "The Hash" panel discusses the latest in Genesis' bankruptcy process and what we know so far. DCG is the parent company of Genesis and CoinDesk.
Genesis Unveils Proposed Sale Plan With DCG, Bankruptcy Creditors
Parent company Digital Currency Group would turn its equity in Genesis Global Trading over to a holding company as part of an effort to sell both firms.
Bitcoin Miner BitNile Pulls 6,500 Rigs From Former Compute North Site
The company signed a hosting deal in August with now-bankrupt Compute North for a site that is now managed by USBTC.
Bankrupt Crypto Lender Celsius Seeks to Raise $14M From Bitmain Mining Vouchers
The company joins mining firm Core Scientific in trying to offload the assets before they expire, with funds used to repay creditors
Three Arrows Capital Founders Launch Exchange Where You Can Trade 3AC Bankruptcy Claims
Named Open Exchange, the platform aims to be a home for trading what it says is a $20 billion market of claims against bankrupt crypto firms, including those of 3AC.
Celsius’ Proposed Extension for Restructuring Opposed by Creditors, US Government
Plans to transform the bankrupt crypto lender into a “recovery corporation” are not a done deal, and the estate could still be liquidated, legal filings warn.
Bitcoin ATM Operator Coin Cloud Files for Bankruptcy With Liabilities of $100M-$500M
Coin Cloud was provided an unsecured loan of $100 million from Genesis Global Capital.
FTX Lawyers Sullivan & Cromwell Bill $7.5M for First 19 Days' Bankruptcy Work
The 151 staff members assigned to the case worked a combined 6,500 hours in November looking at legal disputes, hacks, and corporate governance.
Three Arrows’ Founder Refused to Comply With Subpoena, Stonewalling Probe, Court Told
The collapsed hedge fund’s founder Kyle Davies was accused of neglecting his duties as he “shamelessly” promotes his new crypto project.
