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
https://coinpedia.org/news/breaking-news-bittrex-exchanges-files-for-bankruptcy-after-regulatory-setback/
The exchange reportedly has over 100,000 creditors and liabilities ranging from $500 million to $1 billion.
#bittrex #bankruptcy
https://coinpedia.org/news/breaking-news-bittrex-exchanges-files-for-bankruptcy-after-regulatory-setback/
Coinpedia Fintech News
Breaking News: Bittrex Exchange Files for Bankruptcy After Regulatory Setback
Cryptocurrency exchange Bittrex Inc. filed for bankruptcy protection following claims by the U.S. Securities and Exchange Commission (SEC) that it ran an
Breaking: DCG Nears Groundbreaking Agreement with #Genesis Creditors, Predicts Remarkable 70%-90% Recovery!
1️⃣ Digital Currency Group (DCG) has reached a preliminary agreement with #Genesis creditors to address #bankruptcy claims.
2️⃣ The plan aims for 70%-90% recovery in $USD for unsecured creditors and 65%-90% recovery in-kind, dependent on digital asset denomination.
3️⃣ Genesis' lending paused withdrawals due to #FTX exchange collapse, leading to bankruptcy filing.
4️⃣ DCG's progress toward resolution was mentioned in a shareholder letter last month.
1️⃣ Digital Currency Group (DCG) has reached a preliminary agreement with #Genesis creditors to address #bankruptcy claims.
2️⃣ The plan aims for 70%-90% recovery in $USD for unsecured creditors and 65%-90% recovery in-kind, dependent on digital asset denomination.
3️⃣ Genesis' lending paused withdrawals due to #FTX exchange collapse, leading to bankruptcy filing.
4️⃣ DCG's progress toward resolution was mentioned in a shareholder letter last month.
#Celsius and Core Scientific settle $45 million dispute. Celsius pays $14 million, awaits court approval due to #bankruptcy filings.
🔥Interested To Know More?🔥
https://coinpedia.org/news/celsius-and-core-scientific-reach-45-million-deal-to-settle-mining-dispute/
🔥Interested To Know More?🔥
https://coinpedia.org/news/celsius-and-core-scientific-reach-45-million-deal-to-settle-mining-dispute/
What is the SEC's primary concern regarding #Coinbase's involvement in the #Celsius #bankruptcy plan?
SEC questions Coinbase's role in Celsius bankruptcy plan, citing concerns over brokerage and trading services. Legal battles and #investor implications arise.
🔥Must Read🔥👇
https://coinpedia.org/news/secs-objection-to-celsius-networks-bankruptcy-plan-under-scrutiny/
SEC questions Coinbase's role in Celsius bankruptcy plan, citing concerns over brokerage and trading services. Legal battles and #investor implications arise.
🔥Must Read🔥👇
https://coinpedia.org/news/secs-objection-to-celsius-networks-bankruptcy-plan-under-scrutiny/
CoinPedia
SEC’s Objection to Celsius Network’s Bankruptcy Plan Under Scrutiny
Two masterminds on one project—is this what bothers SEC, or are there deeper concerns? The SEC only blocks retail investor benefits while ignoring FTX and
FTX #Bankruptcy Settlement Could Return 90% of Assets to Customers by 2024!
#FTX proposes the "Customer Shortfall Settlement" in Chapter 11 to resolve customer property disputes, offering customers priority claims and an innovative plan worth $9B 😱👇
https://coinpedia.org/news/ftx-trading-ltd-proposes-customer-shortfall-settlement-in-chapter-11-case/
#FTX proposes the "Customer Shortfall Settlement" in Chapter 11 to resolve customer property disputes, offering customers priority claims and an innovative plan worth $9B 😱👇
https://coinpedia.org/news/ftx-trading-ltd-proposes-customer-shortfall-settlement-in-chapter-11-case/
CoinPedia
FTX Customers to Receive Over 90% of Assets Back by Mid-2024! Here’s How
Great news for FTX customers! FTX Trading Ltd. and its affiliated debtors have introduced a groundbreaking solution called the "Customer Shortfall
#BlockFi emerges from #bankruptcy, aims to repay creditors, and faces complexities due to #FTX and Three Arrows Capital bankruptcy proceedings.👇
https://coinpedia.org/news/blockfi-bounces-back-exits-chapter-11-bankruptcy/
https://coinpedia.org/news/blockfi-bounces-back-exits-chapter-11-bankruptcy/
CoinPedia
BlockFi Exits Bankruptcy, Customer Repayments to Begin Soon!
After grappling with the fallout of FTX's collapse for nearly a year, BlockFi has officially announced its successful return from bankruptcy. The company
#FTX and Alameda Research are moving $350 million in #crypto assets to exchanges amid #bankruptcy and legal issues, hinting at liquidation to address debts.🔥👇 #Cryptonews
https://coinpedia.org/news/ftx-and-alameda-transfer-350-million-in-crypto-to-exchanges-for-potential-sell-off/
https://coinpedia.org/news/ftx-and-alameda-transfer-350-million-in-crypto-to-exchanges-for-potential-sell-off/
CoinPedia
FTX and Alameda Move $350 Million in Crypto: Are Your Assets at Risk?
What's happening with FTX and Alameda Research?! In a surprising turn of events, both companies are making significant transfers of crypto assets to
Bahamas grapples with #FTX exchange #bankruptcy, CEO's conviction. FTX's collapse impacts local economy, prompts cautious outlook on #digital assets' future. #CryptoNews🔥👇
https://coinpedia.org/news/bahamas-reels-from-ftx-collapse-a-look-into-the-aftermath-and-future-prospects/
https://coinpedia.org/news/bahamas-reels-from-ftx-collapse-a-look-into-the-aftermath-and-future-prospects/
CoinPedia
Bahamas Reels from FTX Collapse: A Look into the Aftermath and Future Prospects
Nassau, Bahamas – The once bustling island nation of the Bahamas faces a new reality in the wake of the FTX cryptocurrency exchange's bankruptcy and the
Explore the latest twist in the FTX saga with key witness Caroline Ellison's explosive testimony.
#FTX #SBF #Crypto #bankruptcy
https://www.youtube.com/watch?v=mPzUReeB9Mw
#FTX #SBF #Crypto #bankruptcy
https://www.youtube.com/watch?v=mPzUReeB9Mw
YouTube
Behind the FTX Scandal: Caroline Ellison Exposes Deep Secrets in SBF's Trial || Coinpedia News
New Developments in the FTX Saga: we dive deep into the latest and most dramatic turn in the FTX scandal. Witness the explosive revelations from Caroline Ellison's recent testimony in the highly publicised trial of Sam Bankman-Fried (SBF).
Discover how…
Discover how…
#Safemoon has filed for Chapter 7 #bankruptcy with a petition submitted to the United States Bankruptcy Court in Utah on December 14
$SMF Price fell 31% immediately following the bankruptcy filing before regaining slightly.
https://coinpedia.org/news/safemoon-files-for-chapter-7-bankruptcy-amid-allegations-of-fraud/
$SMF Price fell 31% immediately following the bankruptcy filing before regaining slightly.
https://coinpedia.org/news/safemoon-files-for-chapter-7-bankruptcy-amid-allegations-of-fraud/
CoinPedia
Safemoon Files For Chapter 7 Bankruptcy, Market Value Crashes
In a surprising twist, SafeMoon, once a rising star in the cryptocurrency world, has officially filed for Chapter 7 bankruptcy protection. This comes
🚨 BREAKING: Reuter Reports #Terraform Labs, Creator of #TerraUSD Stablecoin, Files Chapter 11 #Bankruptcy in the United States.
https://coinpedia.org/news/breaking-news-terraform-labs-files-for-bankruptcy/
#Crypto #Cryptonews
https://coinpedia.org/news/breaking-news-terraform-labs-files-for-bankruptcy/
#Crypto #Cryptonews
#Terraform Labs, facing SEC lawsuit, files Chapter 11 bankruptcy to strengthen defense, potentially avoiding bond requirements.
CEO Chris Amani cites #bankruptcy benefits, challenges SEC's authority, claims #crypto assets aren't securities, amid ongoing legal battle. #CryptoNews
https://coinpedia.org/news/terraform-labs-files-for-bankruptcy-to-aid-sec-battle-challenges-jurisdiction-over-crypto-holdings/
CEO Chris Amani cites #bankruptcy benefits, challenges SEC's authority, claims #crypto assets aren't securities, amid ongoing legal battle. #CryptoNews
https://coinpedia.org/news/terraform-labs-files-for-bankruptcy-to-aid-sec-battle-challenges-jurisdiction-over-crypto-holdings/
Coinpedia Fintech News
Terraform Labs Files for Bankruptcy to Aid SEC Battle, Challenges Jurisdiction Over Crypto Holdings
The Terra community doesn’t seem to catch a break lately. Terraform Labs filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of
#Celsius emerges from Chapter 11 #bankruptcy, distributing over $3 billion in #crypto and fiat to creditors.
Reorganization plan includes creating Ionic Digital, a Bitcoin mining company, and strategic partnerships, successfully settling with regulatory bodies.
https://coinpedia.org/news/celsius-emerges-from-chapter-11-with-a-3-billion-payout-to-creditors/
Reorganization plan includes creating Ionic Digital, a Bitcoin mining company, and strategic partnerships, successfully settling with regulatory bodies.
https://coinpedia.org/news/celsius-emerges-from-chapter-11-with-a-3-billion-payout-to-creditors/
Coinpedia Fintech News
Celsius Emerges from Chapter 11 with a $3 Billion Payout to Creditors
In its official announcement, the crypto lending company Celsius was delighted to announce that it has successfully emerged from Chapter 11 bankruptcy.
Three individuals charged for a $400 million SIM-swapping scam targeting #FTX following #bankruptcy filing. #CryptoNews
FTX faces regulatory scrutiny post-bankruptcy; reassures potential full recovery for customers and creditors with valid claims.
https://coinpedia.org/news/whos-behind-the-400-million-ftx-hack-truth-revealed/
FTX faces regulatory scrutiny post-bankruptcy; reassures potential full recovery for customers and creditors with valid claims.
https://coinpedia.org/news/whos-behind-the-400-million-ftx-hack-truth-revealed/
CoinPedia
Who’s Behind the $400 Million FTX Hack? Truth Revealed
Three individuals are facing charges related to orchestrating a SIM-swapping scam that drained over $400 million from FTX following the exchange's
#Celsius Network LLC reveals $2 billion #crypto distribution plan to creditors in Chapter 11 filing. #CryptoNews
Court document outlines troubleshooting tips and liquid crypto distributions, highlighting transparency in #bankruptcy proceedings.
https://coinpedia.org/news/celsius-networks-2-billion-crypto-payout-insights-of-the-court-filing/
Court document outlines troubleshooting tips and liquid crypto distributions, highlighting transparency in #bankruptcy proceedings.
https://coinpedia.org/news/celsius-networks-2-billion-crypto-payout-insights-of-the-court-filing/
CoinPedia
Celsius Marks a Comeback: $2 Billion Distribution to Creditors Starts Now!
Celsius Network LLC, the crypto lender currently wrestling with bankruptcy since 2022, has unveiled a game-changing plan to distribute over $2 billion in
Ten years ago, on February 28, 2014, Mt. Gox, a prominent cryptocurrency exchange based in Japan, filed for bankruptcy protection. Prior to this, on February 24th, Mt. Gox abruptly halted all trading activities, and shortly after, its website vanished, displaying a blank page.
The collapse of Mt. Gox serves as a stark reminder of the importance of self-custody in the realm of cryptocurrencies. Ensuring complete control over one's Bitcoin holdings should always remain a top priority.
Recent reports indicate that the trustee has reached out to creditors to verify their accounts on the exchange. It appears Mt. Gox aims to compensate victims by rehabilitating them with Bitcoin or Bitcoin Cash.
#crypto #MtGox #Bitcoin #Blockchain #Bankruptcy #CryptoNews #Coinpedia
https://www.youtube.com/watch?v=K7kjDGOBEYY
The collapse of Mt. Gox serves as a stark reminder of the importance of self-custody in the realm of cryptocurrencies. Ensuring complete control over one's Bitcoin holdings should always remain a top priority.
Recent reports indicate that the trustee has reached out to creditors to verify their accounts on the exchange. It appears Mt. Gox aims to compensate victims by rehabilitating them with Bitcoin or Bitcoin Cash.
#crypto #MtGox #Bitcoin #Blockchain #Bankruptcy #CryptoNews #Coinpedia
https://www.youtube.com/watch?v=K7kjDGOBEYY
YouTube
The Mt. Gox Hack: The Inside Story That Shook the Crypto World || Coinpedia News
Dive into the shocking story of the Mt. Gox hack, the largest Bitcoin exchange. Discover how the once-great Mt. Gox empire crumbled in the wake of this epic hack and learn the lessons that continue to shape the future of blockchain technology. Take advantage…
#Gemini Trust Co. to return $1.1 billion to customers, pay $37 million fine, resolving issues with NYDFS over Gemini Earn program.
Settlement addresses compliance lapses, fraud allegations, assures Earn users 100% #crypto back, pending final approval and #Bankruptcy Court process.
https://coinpedia.org/news/gemini-trust-co-strikes-1-1-billion-deal-with-nydfs-to-compensate-earn-customers/
Settlement addresses compliance lapses, fraud allegations, assures Earn users 100% #crypto back, pending final approval and #Bankruptcy Court process.
https://coinpedia.org/news/gemini-trust-co-strikes-1-1-billion-deal-with-nydfs-to-compensate-earn-customers/
CoinPedia
Gemini Trust Co. Strikes $1.1 Billion Deal with NYDFS to Compensate Earn Customers
Gemini Trust Co. has agreed to return $1.1 billion to customers and pay a $37 million fine, marking a resolution with the New York Department of Financial
SEC raises concerns over #Terraform Labs' $166M payment to Dentons, alleging potential evasion of liabilities. #crypto
Terraform Labs' Chapter 11 #bankruptcy amid SEC fraud allegations prompts scrutiny over #financial maneuvers.
https://coinpedia.org/news/sec-raises-alarm-over-terraform-labs-166m-payment-to-dentons-amid-bankruptcy/
Terraform Labs' Chapter 11 #bankruptcy amid SEC fraud allegations prompts scrutiny over #financial maneuvers.
https://coinpedia.org/news/sec-raises-alarm-over-terraform-labs-166m-payment-to-dentons-amid-bankruptcy/
CoinPedia
SEC Raises Alarm Over Terraform Labs’ $166M Legal Fee; Here’s Why
A dramatic turn in the Terraform Labs drama! The U.S. Securities and Exchange Commission (SEC) is raising red flags over a hefty $166 million payment made
#BlockFi reaches agreement with bankrupt #FTX and Alameda, potentially recovering $874.5 million. #crypto
Settlement simplifies #bankruptcy proceedings, prioritizes client recoveries, but full repayment to customers remains uncertain.
https://coinpedia.org/news/blockfi-nears-full-customer-repayment-with-874-5-million-ftx-and-alameda-claim-agreement/
Settlement simplifies #bankruptcy proceedings, prioritizes client recoveries, but full repayment to customers remains uncertain.
https://coinpedia.org/news/blockfi-nears-full-customer-repayment-with-874-5-million-ftx-and-alameda-claim-agreement/
CoinPedia
BlockFi Secures $1 Billion Deal with Bankrupt FTX, Customers Eye Full Repayment
The impending thirst for debt recovery from the fraudulent and bankrupt FTX and Alameda is almost to be quenched. Crypto lender BlockFi has reached
Shockwaves rippling through the crypto world as Sam Bankman-Fried, founder of FTX, receives a 25-year sentence in connection with FTX bankruptcy.
A dramatic twist in the saga of one of crypto's most influential figures.
#FTX #Crypto #Bankruptcy #SBF
https://coinpedia.org/news/breaking-news-sam-bankman-fried-sentenced-to-25-years-over-ftx-bankruptcy/
A dramatic twist in the saga of one of crypto's most influential figures.
#FTX #Crypto #Bankruptcy #SBF
https://coinpedia.org/news/breaking-news-sam-bankman-fried-sentenced-to-25-years-over-ftx-bankruptcy/
CoinPedia
Breaking News: Sam Bankman-Fried Sentenced to 25 Years Over FTX Bankruptcy
Nearly two years since the FTX cryptocurrency exchange filed for Chapter 11 bankruptcy protection in the United States, the world will finally get to know