#Bankruptcy

1 Minute

CEX Crypto News

SEC summons Robinhood regarding crypto listings and custody

adeel010 February 28, 2023 0 Comment

Following the FTX cryptocurrency exchange’s filing for bankruptcy protection in November, Robinhood Markets (HOOD) disclosed in its most recent 10-K filing that it had gotten an investigative subpoena from the U.S. Securities and Exchange...

2 Minutes

Bitcoin Crypto News

Study: BTC price is more connected with FTX than major events

adeel010 February 10, 2023 0 Comment

According to research, macroeconomic events like rate hikes had less of an impact on the price of Bitcoin during Q4 than the collapse of FTX and associated happenings. Sami Kassab and Chris Collar, Messari...

2 Minutes

Crypto News

Google invested $300M in AI firm which link to Bankman-Fried

adeel010 February 5, 2023 0 Comment

A startup company for artificial intelligence (AI) called Anthropic received about $500 million from former FTX CEO Sam Bankman-Fried roughly six months before to FTX’s tragic collapse, according to reports of a $300 million...

2 Minutes

Crypto News

Celsius releases list of users who are qualified to withdraw funds

adeel010 February 1, 2023 0 Comment

When cryptocurrency withdrawals were stopped in June 2022 by the bankrupt cryptocurrency lending company Celsius, customers who had cryptocurrency in its control had developed a withdrawal procedure. On January 31, Celsius published a formal...

4 Minutes

Crypto News

Celsius Uses New Customer Funds to Cover Withdrawals

adeel010 January 31, 2023 0 Comment

A bankruptcy court in New York ordered Shoba Pillay to determine whether the cryptocurrency lender engaged in Ponzi scheme activity. According to the standard definition of a Ponzi scheme, Celsius misled its investors and...

2 Minutes

CEX Crypto News

Turkish Units to Be Removed from Bankruptcy Case by FTX

adeel010 January 30, 2023 0 Comment

FTX claimed that Turkish authorities would be unlikely to abide by orders from American courts and that as a result. Turkish units should be excluded from the bankruptcy case’s scope. On November 11, FTX...

2 Minutes

Alt Coins Crypto News

Celsius got Court Approval for Withdrawals & Flare Airdrop

adeel010 January 25, 2023 0 Comment

A number of court decisions filed on Tuesday suggest that bankrupt cryptocurrency lender Celsius Network received permission to handle some customer withdrawals. The first, authorised by Judge Martin Glenn of the U.S. Bankruptcy Court...

3 Minutes

CEX Crypto News

Genesis bankruptcy on first day, claiming $5.1 billion in liabilities

adeel010 January 20, 2023 0 Comment

According to court records signed by temporary CEO Derar Islim in November, bankrupt cryptocurrency lending company Genesis had $5.1 billion in liabilities in the weeks after its withdrawal halt. Islim gave a description of...

2 Minutes

CEX Crypto News

Genesis’s bankruptcy filing prompts range of community reactions

adeel010 January 20, 2023 0 Comment

Members of the crypto community posted their opinions on social media as the cryptocurrency lender Genesis Global Trading filed for Chapter 11 bankruptcy protection in New York. Community members shared their opinions on the...

2 Minutes

Crypto News

CoinDesk may be up for grabs as DCG faces Financial Difficulties

adeel010 January 19, 2023 0 Comment

In order to improve its balance sheet, parent company Digital Currency Group (DCG) is said to be looking into selling cryptocurrency media outlet CoinDesk. The Wall Street Journal reports that Lazard investment bankers have...