Bankruptcy
Bankrupt Crypto Lender Celsius Seeks to Raise $14M From Bitmain Mining Vouchers
The company joins mining firm Core Scientific in trying to offload the assets before they expire, with funds used to repay creditors
Three Arrows Capital Founders Launch Exchange Where You Can Trade 3AC Bankruptcy Claims
Named Open Exchange, the platform aims to be a home for trading what it says is a $20 billion market of claims against bankrupt crypto firms, including those of 3AC.
Celsius’ Proposed Extension for Restructuring Opposed by Creditors, US Government
Plans to transform the bankrupt crypto lender into a “recovery corporation” are not a done deal, and the estate could still be liquidated, legal filings warn.
Bitcoin ATM Operator Coin Cloud Files for Bankruptcy With Liabilities of $100M-$500M
Coin Cloud was provided an unsecured loan of $100 million from Genesis Global Capital.
FTX Lawyers Sullivan & Cromwell Bill $7.5M for First 19 Days' Bankruptcy Work
The 151 staff members assigned to the case worked a combined 6,500 hours in November looking at legal disputes, hacks, and corporate governance.
Three Arrows’ Founder Refused to Comply With Subpoena, Stonewalling Probe, Court Told
The collapsed hedge fund’s founder Kyle Davies was accused of neglecting his duties as he “shamelessly” promotes his new crypto project.
DCG Creditor Pact Revealed With Plan to Sell Genesis Trading Unit as Part of Bankruptcy
Earlier Monday, CoinDesk reported that DCG and Genesis had reached an agreement with a key group of creditors.
Independent FTX Examiner Could Cost Crypto Exchange $100M, Court Told
Government and FTX lawyers argued the matter in federal court on Monday.
Bankrupt Lender Genesis and Parent DCG Reach Initial Agreement With Main Creditors: Source
The term sheet includes "an equitization of the 10-year promissory note that DCG gave Genesis in return for the 3AC claims," a person familiar with the situation said.
