Tag: Bankruptcy Court
Genesis Sells GBTC Shares, Acquires 32,041 Bitcoins to Repay Creditors
Industry News
The defunct crypto lending firm used the funds to purchase 32,041 Bitcoins.
Genesis settled with the SEC for $21 million recently for its Gemini...
Breaking News
Celsius looks to recover $2 billion withdrawn by 2% of accounts during its collapse
Bankrupt crypto lender Celsius Network is seeking the return of over $2 billion withdrawn by major customers shortly before its bankruptcy declaration in July...
Pantera Capital targets US$250 mln Solana purchase from FTX assets
Pantera Capital, a cryptocurrency investment firm managing over US$5 billion in assets, is actively raising funds to purchase Solana (SOL) tokens valued at US$250...
Core Scientific to Provide CoreWeave up to 16 MW of Data Center Infrastructure to Support AI and HPC Workloads in Long Term Hosting Contract...
Strategic extension of data center hosting business levers Core Scientific’s expertise in high value compute to broaden revenue model to customers engaged in rapidly...
Here’s the Deadline Date for FTX Creditor Claims
The official liquidator of FTX has instructed creditors to file electronic claims by May 15, 2024.
The claims portal managed by PricewaterhouseCoopers (PwC) anticipates commencing...
FTX cautions against unauthorized asset sales
FTX, the bankrupt cryptocurrency exchange, has issued a public warning about unauthorized entities soliciting bids for its digital assets, which are exclusively managed by...
Grayscale GBTC Selling Accelerates but Bitcoin ETF Inflows Remain Positive, Led by BlackRock
The large outflow could perhaps indicate that crypto lender Genesis started or ramped up the pace of unloading its GBTC holdings, capitalizing on bitcoin's...
Terraform Labs Faces SEC Scrutiny Over Suspicious $166 Million Payment: Report
In a recent filing, the U.S. Securities and Exchange Commission (SEC) has urged the Delaware bankruptcy court to reject Terraform Labs’ proposal to retain...
SEC scrutinizes Terraform Labs’ US$166 mln legal retainer
The U.S. Securities and Exchange Commission (SEC) has challenged Terraform Labs’ massive legal retainer amid bankruptcy proceedings, alleging potential misuse of funds and conflict...
Gemini to reimburse US$1.1 bln to Earn customers after settlement
Gemini, a New York-based cryptocurrency exchange, has reached a settlement agreement to return US$1.1 billion in digital assets to users of its Earn program,...
Gemini to Reimburse $1.1 Billion to Users Amid Regulatory Settlement
DFS mandates Gemini to refund $1.1B to Earn users and pay a $37M fine due to oversight failures.
The New York State Department of...
Gemini’s Road to Redemption: $1.1 Billion Rescue Plan for Earn Customers
Gemini Trust Company, LLC, a key player in the digital asset exchange space, has reached a pivotal agreement with the New York State Department...
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