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CATEGORY: bankruptcy protection

Following Genesis Bankruptcy, BudBlockz (BLUNT) and Chainlink (LINK) Offer Great Opportunities for Crypto Investors
Author: Press Release
United States
Source: DailyCoin.com
Jan 27, 2023 07:50

Following Genesis Bankruptcy, BudBlockz (BLUNT) and Chainlink (LINK) Offer Great Opportunities for Crypto Investors

Genesis Exchange is currently facing bankruptcy, affecting its investors and the exchange platform.

Continue reading Following Genesis Bankruptcy, BudBlockz (BLUNT) and Chainlink (LINK) Offer Great Opportunities for Crypto Investors at DailyCoin.

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B. Riley Financial Offers Credit Facility to Core Scientific to Avoid Bankruptcy
Author: Soumen Datta
United States
Source: DailyCoin.com
Dec 15, 2022 07:50

B. Riley Financial Offers Credit Facility to Core Scientific to Avoid Bankruptcy

B.Riley believes that Core Scientific will be able to restructure its debt with the credit facility despite challenging market conditions.

Continue reading B. Riley Financial Offers Credit Facility to Core Scientific to Avoid Bankruptcy at DailyCoin.com.

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US Court Approves Proof-of-Claim Deadline For Celsius Network Victims
Author: Arnold Kirimi
United States
Source: DailyCoin.com
Nov 21, 2022 07:50

US Court Approves Proof-of-Claim Deadline For Celsius Network Victims

The court has sanctioned January 3, 2023, as the bar date for the defunct cryptocurrency loan firm Celsius.

Continue reading US Court Approves Proof-of-Claim Deadline For Celsius Network Victims at DailyCoin.com.

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What Happens If A Crypto Exchange Declares Bankruptcy?
Author: Tunbosun Oyinloye
United States
Source: DailyCoin.com
Sep 25, 2022 07:50

What Happens If A Crypto Exchange Declares Bankruptcy?

Unlike traditional financial institutions, crypto firms have very few assets to fall back on in the event of a liquidation.

Continue reading What Happens If A Crypto Exchange Declares Bankruptcy? at DailyCoin.com.

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Subpoena Evasion: 3AC Asks Court to Fine Kyle Davies $10,000 Daily for Non-Compliance
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 19, 2023 05:50

Subpoena Evasion: 3AC Asks Court to Fine Kyle Davies $10,000 Daily for Non-Compliance

In February, it was reported that Kyle Davies, the co-founder of Three Arrows Capital (3AC), faced allegations of evading subpoenas related to the collapse of the defunct Singapore cryptocurrency hedge fund. The current custodians of the 3AC estate are now pursuing a daily fine of $10,000 against him for his non-compliance with the New York [...]

The post Subpoena Evasion: 3AC Asks Court to Fine Kyle Davies $10,000 Daily for Non-Compliance appeared first on Crypto Breaking News.

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Bittrex US Allows Fiat and Crypto Withdrawals Amid Bankruptcy Proceedings
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 17, 2023 05:50

Bittrex US Allows Fiat and Crypto Withdrawals Amid Bankruptcy Proceedings

Bittrex US, the now-defunct cryptocurrency exchange in the United States, has recently introduced a plan that permits American customers to withdraw crypto and fiat from the platform, provided they satisfy the required regulatory criteria. This withdrawal arrangement was approved on Tuesday by the U.S. bankruptcy court located in Delaware. Cryptocurrency Exchange Bittrex US Enables Customer [...]

The post Bittrex US Allows Fiat and Crypto Withdrawals Amid Bankruptcy Proceedings appeared first on Crypto Breaking News.

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FTX Debtors Unveil Report That Identifies and Discusses Control Failures by Sam Bankman-Fried Led Management
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 10, 2023 10:30

FTX Debtors Unveil Report That Identifies and Discusses Control Failures by Sam Bankman-Fried Led Management

FTX Debtors said on April 9 that it had released a report that “identifies and discusses control failures” by Sam Bankman-Fried and his colleagues when they ran the collapsed cryptocurrency exchange. John Ray, the CEO of the FTX Debtors, said the FTX Group “was tightly controlled by a small group of individuals who falsely claimed [...]

The post FTX Debtors Unveil Report That Identifies and Discusses Control Failures by Sam Bankman-Fried Led Management appeared first on Crypto Breaking News.

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Crypto Exchange Bittrex Enters Chapter 11 Bankruptcy Protection Following SEC Lawsuit
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 09, 2023 05:50

Crypto Exchange Bittrex Enters Chapter 11 Bankruptcy Protection Following SEC Lawsuit

Bittrex Inc., the U.S.-based cryptocurrency exchange, has filed for Chapter 11 bankruptcy protection in Delaware after being sued by the U.S. Securities and Exchange Commission for failing to register with the regulator. The exchange reportedly has over 100,000 creditors and liabilities ranging from $500 million to $1 billion. Bittrex Bankruptcy Filing Reveals Over 100,000 Creditors [...]

The post Crypto Exchange Bittrex Enters Chapter 11 Bankruptcy Protection Following SEC Lawsuit appeared first on Crypto Breaking News.

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