Genesis Global files for bankruptcy
Following the demise of the cryptocurrency exchange FTX, other businesses in the crypto space have also filed for Chapter 11 bankruptcy protection with the most recent being crypto lender Genesis global. Since the demise of the cryptocurrency exchange FTX, Genesis has seen significant withdrawals and significant liquidity problems. Genesis also has $175 million of its […]
FTX creditor names can remain sealed for now, Judge rules
A Delaware bankruptcy judge on Wednesday allowed a list of creditors for FTX to remain sealed for at least another three months. Following the most recent decision in the FTX bankruptcy proceedings, the identities of up to nine million FTX customers are expected to be kept a secret for at least another three months. Judge […]
Voyager customers to receive 51% of pre-bankruptcy crypto assets
Court has approved for troubled crypto lender Voyager Digital to sell its assets to crypto exchange Binance.US, while customers will get 51% of the cryptocurrency assets they had before the bankruptcy filing. The asset acquisition agreement between Voyager and Binance.US was accepted by Judge Michael Wiles of the United States Bankruptcy Court for the Southern […]
Genesis reduces staff and considers bankruptcy: WSJ
According to recent reports, the cryptocurrency lending company Genesis is mulling the possibility of filing for bankruptcy. According to a WSJ report from January 5 that cited “people familiar with the matter,” Genesis is considering declaring bankruptcy and has let go of about 30% of its workers. There were 145 people left at the company […]
Agro Blockchain halts trading amid bankruptcy fear
The London-based Bitcoin mining firm, Agro Blockchain suspended its operation for a day on 27th December, Tuesday. Agro Blockchain, a bitcoin mining company with offices in London, has declared that it will start up again on December 28.The company announced that because Tuesday, December 27, is a trading holiday on the London Stock Exchange, it […]