FTX Reports Cybersecurity Breach Involving Claims Agent Kroll
Defunct cryptocurrency exchange FTX disclosed a cybersecurity breach involving its bankruptcy case claims agent, Kroll, which exposed non-sensitive customer data. The ailing cryptocurrency exchange utilized the X platform on August 25 to alert its customers, creditors, and the general public of a cybersecurity breach involving its claims agent, Kroll. The breach has disseminated non-sensitive customer […]
Crypto Exchange Dasset Files for Bankruptcy
Dasset, a cryptocurrency exchange situated in New Zealand, has filed for liquidation. Customers reportedly can’t access their accounts. According to the CEO of the business, Stephen Macaskill , Dasset requested voluntary liquidation. New users can still sign up on the website, however. The advisory firm Grant Thornton was chosen to be the company’s liquidator. Their […]
Prime Trust Files for Bankruptcy
Fintech Prime Trust, a company that manages cryptocurrency, has filed for Chapter 11 bankruptcy in the US. Prime Trust has selected former Bank of Nevada president John Guedry as the receiver. He will direct the company’s activities throughout the bankruptcy process along with other representatives. Nevada’s regulatory authorities determined that the business was bankrupt and […]
BlockFi Victims Will Receive Compensation
As the U.S. bankruptcy court in New Jersey provisionally accepts its disclosure statement, the beleaguered cryptocurrency lender, BlockFi moves closer to paying back its consumers. BlockFi’s efforts to restructure and reimburse its customers have advanced thanks to the U.S. bankruptcy court in New Jersey’s conditional approval of its disclosure statement. Mark Renzi, Berkeley Research Group’s […]
US Bankruptcy Court Conditionally Approves BlockFi’s Chapter 11 Plan
United States Bankruptcy Court for the District of New Jersey has conditionally approved BlockFi’s disclosure statement, indicating that the company’s reorganization is advancing incrementally. BlockFi and the Official Committee of Unsecured Creditors issued a joint statement on August 2, 2023, urging all eligible parties to vote in favor of the plan by September 11, 2023. […]