Bankruptcy
Celsius-afwikkeling verzekert $300 miljoen van Tether, zeggen GXD Labs, VanEck
Een consortium opgericht door de bedrijven kondigde de teruggave aan van Celsius-middelen die verband houden met claims tegen Tether.
Failliete Exchange FTX Staat Klaar om $1,6 Miljard Terug te Betalen aan Schuldeisers vanaf 30 Sept.
De laatste ronde van herverdelingen markeert een nieuwe stap in het plan van het faillissementsdossier om schuldeisers volledig te compenseren na de ineenstorting van de beurs van Sam Bankman-Fried in 2022.
NY-faillissementsrechter geeft Celsius groen licht om $4,3 miljard rechtszaak tegen Tether voort te zetten
Celsius heeft Tether ervan beschuldigd bijna 40.000 bitcoins op onjuiste wijze te hebben geliquideerd om een uitstaande lening te dekken, terwijl het bedrijf in 2022 op het punt stond failliet te gaan.
Cost of Not Enacting Crypto Regulation Is 'Extremely High,' Legal Expert Says
As part of CoinDesk's State of Crypto 2023 event in Washington, D.C., Vanderbilt Law School Professor and Associate Dean Yesha Yadav discusses the string of bankruptcies the crypto industry has seen and how bankruptcy courts have effectively become "quasi-regulators in the mix."
DCG Reaches In-Principle Deal With Genesis Creditors
Court filings reveal that Digital Currency Group (DCG) has reached an in-principle deal with Genesis creditors to resolve the claims brought up in the crypto lender's bankruptcy. The plan could result in recoveries of 70% to 90% in USD equivalent for unsecured creditors and 65% to 90% recovery on an in-kind basis. "First Mover" hosts Jennifer Sanasie and Amitoj Singh weigh in. DCG is the parent company of Genesis Global and CoinDesk.
Crypto Custodian Prime Trust Files for Bankruptcy
Beleaguered crypto custodian Prime Trust has filed for Chapter 11 bankruptcy protection on Monday, as the chill of crypto winter drags on. This comes after CoinDesk recently reported that the company looked poised to enact potentially massive layoffs. "First Mover" hosts Jennifer Sanasie and Lawrence Lewitinn weigh in on the latest developments.
Celsius Can Start Converting Altcoins to Bitcoin, Ether as of July 1, Judge Says
Celsius was granted permission on Friday to start liquidating its altcoins, as the bankrupt crypto lender prepares a distribution to creditors that will take place solely in the two most widely used cryptocurrencies, bitcoin (BTC) and ether (ETH). "The Hash" panel breaks down the latest developments in the bankruptcy case.
FTX’s Bankruptcy Fees on Track to Be 'Very Expensive', Court Examiner Says
The wind-up of crypto exchange FTX is set to be “very expensive by any measure” with professional fees already amounting to over $200 million, a court-appointed examiner said in a filing. "The Hash" panel shares their reactions to the escalating legal fees in FTX's bankruptcy case.
FTX EU Starts Process of Allowing Customers to Withdraw Funds
FTX EU has begun the process of allowing customers to withdraw funds locked up since parent FTX filed for bankruptcy protection last November. This comes as some clients are hoping for a reboot of the failed crypto exchange. FTX creditor Sunil Kavuri shares his reaction.
SVB Financial Group Files for Chapter 11 Bankruptcy Protection
Silicon Valley Bank's former parent company SVB Financial Group has filed for Chapter 11 bankruptcy protection. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest developments in the U.S. banking turmoil and what it means for crypto.
