Crypto custodian Prime Trust files for Chapter 11 bankruptcy
The crypto custodian's bankruptcy comes as it's been unable to honor customer withdrawals for months.
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Celsius customers to vote on settlement plan with Fahrenheit after judge gives okay
The settlement was reached in July and, if the customers agree, it will go before the court for approval in October.
3AC co-founder avoids contempt charges following evidence of Singaporean citizenship
Lawyers for Kyle Davies filed evidence that his U.S. citizenship had been renounced in 2021, which, according to a bankruptcy judge, left him outside the court's jurisdiction.
Core Scientific’s bankruptcy plan includes equity stake for Bitmain and Anchorage
If the plan is approved, Core Scientific could buy 27,000 Bitmain miners for roughly $23 million in cash and $54 million in company equity.
OPNX exchange bids for crypto lender Hodlnaut in Singapore
If approved, the deal would see a capital injection of nearly $30 million worth of FLEX tokens into Hodlnaut to partially cover creditors' payout and outstanding claims.
New York AG probes transactions at Genesis, ties with Barry Silbert: Report
Digital Currency Group (DCG) is reportedly under investigation in New York for financial transactions involving its subsidiary, Genesis Global Capital.
Core Scientific appoints Adam Sullivan as CEO amid restructuring process
The company claims to have seen a boost in liquidity in recent months and is expected to exit bankruptcy proceedings by September.
FTX files motion to exclude its Dubai unit from bankruptcy proceedings
FTX filed for bankruptcy in November 2022, with 102 of its units worldwide entering Chapter 11 proceedings.
BlockFi’s Chapter 11 plan progresses with conditional court approval
Once the bankruptcy plan receives approval, the lender said it intends to concentrate on recovering funds from other defunct firms.
Voyager customers targeted by scammers during 30-day withdrawal period: Report
Phony websites offered customers a premium for claiming through them. In reality, they drained customers’ wallets.
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