Bankruptcy
Luxor Starts First-of-Its-Kind Bitcoin Mining Rig Marketplace for Large-Scale Orders
The market for mining machines is increasingly flooded with inventory from struggling companies.
Bankrupt Crypto Lending Platform Celsius Names Users Eligible to Withdraw Assets
Users named on the list can withdraw 94% of their assets if they can cover the withdrawal fees.
Bankrupt Crypto Exchange FTX Had Around $1.4B Cash at End of 2022
The figure is around 19% higher than the $1.2 billion reported in November when FTX filed for bankruptcy protection.
Independent Examiner Releases Report on Celsius Network, Bankruptcy Expert Weighs In
In September, an independent examiner was asked by a bankruptcy court to offer an outside view of what is happening at crypto lender Celsius. The report has now been published detailing the firm’s operations in the run-up to bankruptcy being declared in July. 507 Capital Managing Partner Thomas Braziel discusses the report and what to expect from Celsius’ future bankruptcy proceedings.
Celsius Used New Customer Funds to Pay for Withdrawals: Independent Examiner
An independent examiner for the U.S. bankruptcy court in New York said in a Tuesday filing that crypto lender Celsius Network misled its investors and occasionally used new customer funds to pay for other customers’ withdrawals– the usual definition of a Ponzi scheme. "The Hash" panel discusses the examiner's report and what it reveals about how Celsius operated.
Bitcoin Miner Core Scientific to Borrow $70M From B. Riley
The firm said the loan will enable it to replace an existing facility and give it "up to 15 months runway and significant flexibility."
Identities of 2 Parties Who Backed Sam Bankman-Fried’s $250M Bond Can Be Revealed, Judge Rules
U.S. District Judge Lewis Kaplan ruled on Monday that the identities of the two non-parental parties who co-signed Sam Bankman-Fried's $250 million bond can be made public. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the decision and what to expect from FTX's future bankruptcy proceedings.
Celsius Used New Customer Funds to Pay for Withdrawals: Independent Examiner
Shoba Pillay was appointed by a New York bankruptcy court to look at whether the crypto lender operated as a Ponzi scheme
Alameda Seeks to Recover $446M in Crypto Paid to Voyager After Lender's Bankruptcy
The filing comes amid Alameda's own bankruptcy process.
