Bankruptcy
Bad Loans, Bad Bets, Bad Blood: How Crypto Lender Cred Really Went Bankrupt
Cred’s bankruptcy filing mainly blames fraud by an outside party. The full picture painted by former employees is more complex, and highlights the risks of the budding crypto lending market.
Crypto Lender Cred Files for Bankruptcy After Losing Funds in Fraud
In October, the lender published a cryptic letter saying it has experienced “irregularities” in the handling of “specific” corporate funds by a “perpetrator of fraudulent activity.”
Hedge Funds Failures, Bankruptcies and Pandemic Fatigue
As cases rise and the U.S. settles in for a fresh wave of COVID-19, the economic fallout from round one is still being felt, from hedge funds to bankruptcies and beyond.
Why Are Execs of Bankrupt Companies Being Rewarded With Millions?
It’s hard to tell people not to be angry with capitalism when the system is rewarding failure with millions of dollars in bankruptcy bonuses.
Blockchain Company Factom Inc. Files for Chapter 11 Bankruptcy
Factom Inc.'s board has presented a proposal for restructuring the business, which will now be assessed by the administrators.
Canadian Government-Assisted Bitcoin Miner Files for Bankruptcy Owing Millions
Great North Data, a firm that ran bitcoin mining and AI processing data centers in Canada, has filed for bankruptcy owing millions to creditors including government agencies.
QuadrigaCX CEO Set Up Fake Crypto Exchange Accounts With Customer Funds
QuadrigaCX CEO and founder Gerald Cotten reportedly created fake accounts at other crypto exchanges and funded them with his customers' money.
Hacked Crypto Exchange Cryptopia Files for US Bankruptcy Protection
Cryptopia has filed for bankruptcy protection in the U.S. seeking to preserve vital user data held on servers in Arizona
QuadrigaCX Crypto Exchange Could Soon Be Placed in Bankruptcy
EY, the court-appointed monitor for QuadrigaCX, is looking to move the exchange into bankruptcy.
Blockchain Firm SETL Seeks Buyer After Filing for Insolvency
Blockchain infrastructure provider SETL has filed for insolvency in the U.K., saying it's seeking a buyer for its CSD business.
