Bankruptcy
Core Scientific Bankruptcy Judge Approves Transfer of Over $20M of Equipment to Its Exclusive Energy Negotiator
Core Scientific had stopped paying Priority Power Management in May 2022.
FTX’s Bahamas Arm a ‘Nullity’ That Should Be Stripped of Assets: Court Filings
The Caribbean arm is a mere shell to further Sam Bankman-Fried’s fraud, FTX's new management says.
Signature Bank Noncrypto-Related Deposits to Be Assumed by New York Community Bancorp Unit: FDIC
The 40 former branches of Signature Bank will operate under New York Community Bancorp's Flagstar Bank, N.A., from Monday. The FDIC will provide digital-banking business deposits directly to those customers.
FTX Firms Had $6.8B Hole in Balance Sheet at Time of Bankruptcy
The group of companies had debts of about $11.6 billion against $4.8 billion in assets, according to a presentation filed by its advisers.
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.
Silicon Valley Bank's Former Parent Company Files for Bankruptcy
The bank had some crypto customers, including Circle Internet Financial and Ripple.
Genesis Requests Timetable for Sale, Creditor Claims
The company wants to sell off its business after filing for bankruptcy on Jan. 19.
FTX Paid Around $2.2B to Sam Bankman-Fried, New Management Says
The failed crypto exchange made a total of $3.2 billion in payments to Bankman-Fried and other key employees.
Voyager-Binance.US Pause Denied by Bankruptcy Judge
A New York court denied the government’s request to halt the $1 billion deal, saying delay would harm customers.
Voyager-Binance.US' $1B Deal Should Be Halted, U.S. Government Says
The Department of Justice doesn’t like provisions that would render Voyager immune from prosecution for former wrongdoing
