Bankruptcy

Bankruptcy

Policy

Bankrupt Crypto Lender Celsius Reopens Withdrawals for Certain Custody Accounts

The firm paused withdrawals last June, citing extreme market conditions.

Celsius Network is now allowing withdrawals from some accounts after freezing the accounts last June. (Unsplash)

Policy

FTX Has ‘Massive Shortfall’ in Assets, Say Bankruptcy Lawyers

So far, $2.2 billion in assets have been identified in the wallets of accounts associated with FTX.com, of which only $694 million are in the most liquid assets.

John J. Ray III, CEO of FTX Group (Nathan Howard/Getty Images)

Finance

Bitcoin Miners Are Starting to Emerge From Brutal Crypto Winter

After several bankruptcies and fire sales, the rally in bitcoin’s price is providing some relief for the miners, although they may not be completely out of the woods yet.

(DALL-E/CoinDesk)

Policy

Voyager Bankruptcy Judge Says He Is ‘Absolutely Shocked’ by SEC Objection to Binance.US Deal

Judge Michael Wiles gave short shrift to idea that VGX token could be unregistered security .

Voyager's bankrupcy has left creditors in the lurch. (Danny Nelson/CoinDesk)

Finance

Core Scientific Bankruptcy Approves $70M Financing Deal From B. Riley

The judge also indicated he would allow stockholders to form an official committee in the bankruptcy.

Core Scientific facility in North Carolina. (Core Scientific)

Videos

Mt. Gox Bankruptcy Repayments Not Likely To Destabilize Bitcoin: UBS

Creditors of crypto exchange Mt. Gox are about to recover some of their funds following a 10-year liquidation process, but concerns that large amounts of bitcoin (BTC) will be released onto the market are overdone, UBS said in a report Monday. 507 Capital Managing Partner and Mt. Gox creditor Thomas Braziel discusses the "rehabilitation plan" and why most people will be holding onto their BTC. Plus, his take on the Three Arrows Capital founders' bankruptcy claims exchange rollout and the Binance US-Voyager deal.

Recent Videos

Markets

Mt. Gox Bankruptcy Repayments Unlikely to Destabilize Bitcoin: UBS

Early adopters are likely to have remained crypto believers, and so they will choose to be paid in bitcoin and keep it, a report from the firm said.

(Shutterstock)

Finance

Voyager Digital's Reward Program Lost $58M in 2022: Court Filing

Rewards program included high-yield interest accounts, a refer-a-friend scheme and a mechanism to share in the spread of trades should they execute at a lower asking price.

Right after Voyager CEO Stephen Ehrlich received a letter this week from U.S. regulators accusing his company of misleading customers, the FDIC issued a broader warning to banks to not let it happen again. (Joe Raedle/Getty Images)

Finance

Crypto Lender Voyager Received Single-Page Value Statement From Hedge Fund Three Arrows Capital

Court documents show the level of due diligence carried out by Voyager Digital with regard to its investment in 3AC.

(Michal Jarmoluk/Pixabay)

Policy

Crypto Lender Voyager Says Majority of Customers Voted for Restructuring Plan With Binance.US

The plan will be discussed during a bankruptcy hearing on Thursday.

Steve Ehrlich, co-founder and CEO of Voyager Digital (YouTube)