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Bankruptcy
Celsius 'Earn' Assets Belong to Bankrupt Crypto Lender, Judge Rules
The move confirms that crypto platform customers do not own their assets if they're using certain services or products.
Core Scientific To Shut Down Celsius Crypto Mining Equipment; Iran's Mining Outlook
Bitcoin miner Core Scientific will shut down mining rigs tied to Celsius Mining after a U.S. bankruptcy judge approved the motion to reject its contract. Both companies are undergoing Chapter 11 bankruptcies. Plus, courts in Iran have ordered the government to return thousands of seized crypto mining rigs, according to local media reports.
Core Scientific to Shut Down Celsius Crypto Mining Equipment
The two firms have been engaged in litigation over a 2020 hosting contract, which Core Scientific says is costing it $2 million in revenue per month.
Previewing FTX Founder Sam Bankman-Fried’s Not Guilty Plea in Court
The third day of 2023 to the U.S. federal court system is Sam Bankman-Fried's arraignment, which will take place at 500 Pearl St. in Manhattan
FTX, Congress, Stablecoins: What 2023 May Bring for Crypto Regulations
CoinDesk’s policy team predicts the issues and topics that may take center stage over the next 12 months.
FTX’s International Customers Lawyer Up, Ask Judge to Rule That Customer Assets Aren't Property of FTX Estate
The ad-hoc committee of FTX.com’s non-U.S. customers so far has 18 members with a collective $1.94 billion locked on the platform.
Top 5 Crypto Stories That Defined a Hectic 2022
2022 has been unlike any other year in crypto history. From the rapid demise of FTX, to the momentous Ethereum Merge, to the unraveling of TerraUSD, CoinDesk's Doreen Wang takes a look back at the most epic stories that defined this year.
Argo Blockchain Shares Jump; FTX Users Sue for Priority Repayment and Damages in Bankruptcy Proceedings
Bitcoin miner Argo Blockchain will avoid filing for bankruptcy protection after Galaxy Digital agreed to buy its mining facility for $65 million and provided another $35 million loan. Plus, the latest on MicroStrategy's bitcoin bet. And, a group of FTX users are asking a U.S. court to make sure they are the first to get repaid in the crypto exchange's bankruptcy proceedings.
FTX Users Sue for Priority Repayment and Damages in Bankruptcy Proceedings
The class-action lawsuit accuses the bankrupt crypto exchange's executives of intentionally misappropriating customer funds to fund risky strategies and their lavish lifestyles.
Bitcoin Miner Argo Blockchain Will Avoid Bankruptcy With $100M Bailout From Novogratz’s Galaxy Digital
Galaxy will buy Argo's Helios facility for $65 million and provide $35 million loan to help the miner amid restructuring.
