Tag: bankruptcy
FTX Recovery Trust Sues Genesis Digital for $1.15 Billion
FTX Recovery Trust sues Genesis Digital Assets for $1.15B, alleging Sam Bankman-Fried misused customer funds before collapse. The FTX Recovery Trust has launched a…
FTX Starts Repaying Creditors After Two-Year Wait
FTX will repay creditors $14.7-16.5 billion under a Chapter 11 deal. The company will settle smaller claims under $50,000 within 60 days. FTX is now…
FTX Creditors May Recover Only 10%-25% of Their Crypto Holdings
Recent bankruptcy documents from FTX creditor Sunil Kavuri reveal troubling news for FTX creditors. Due to how repayments are structured, many may only recover between…
DCG Settles Short-Term Debts and Plans for the Long-Term Genesis Repayment
DCG clears $1B in short-term debt but faces a $1.1B note for Genesis. Despite serious financial difficulties, DCG’s debt repayment demonstrates perseverance. Digital Currency Group…
Former Head of Crypto Firm Celsius Arrested on Federal Charges
Alexander Mashinsky – the founder of bankrupt crypto lending platform Celsius – has been arrested and indicted on federal charges. Former Celsius Head Taken into…
Genesis Is Next Crypto Firm to Go Bankrupt
Not long ago, Live Bitcoin News reported that Genesis Global Capital – the lending division of the Digital Currency Group (DCG) – was preparing for…
Crypto Lending Firm Genesis Is All Set to File Bankruptcy
It’s happened again, folks. Another bankruptcy is in the crypto books. This time, the company that’s falling victim to alleged bankruptcy proceedings is Genesis, the…
Opinion: The Resilience of Bitcoin Is Truly Astounding
We are beginning to sound like a broken record at this stage, but it’s worth mentioning again that 2022 was arguably the worst year for…
Crypto Bankruptcy was Big Last Year, but was There a Positive Note to It All?
2022 was a year wrought with bankruptcy and the exiting of several crypto companies, but many analysts do not feel this was necessarily a bad…
