SEC Waives $30.2M Fine from BlockFi to Prioritize Investors
The agency agreed to defer its claim against the crypto lender BlockFi to ensure investors are repaid in full without delay. According to a court filing dated June 22, the U.S. Securities and Exchange Commission (SEC) has decided to delay collecting a $30.2 million fine from defunct crypto lender BlockFi. The move comes as part […]
OPNX Teams Up with Bankrupt 3AC’s Successor
OPNX, a claims exchange for bankrupt crypto firms, announced its partnership with 3AC Ventures, a new venture capital firm founded by the former executives of the collapsed crypto hedge fund Three Arrows Capital. OPNX, a claims exchange that allows users to trade debt claims on bankrupt crypto companies, has revealed its new ecosystem partner, 3AC […]
Voyager Digital to Allow Partial Withdrawals Amid Bankruptcy Woes
Voyager Digital, a crypto lender that filed for Chapter 11 bankruptcy in July, has announced a plan to return some of its customers’ assets. The company was hit hard by the collapse of its creditor, Three Arrows Capital, and a failed buyout attempt by Binance.US. According to Paul Hage, the bankruptcy plan administrator, Voyager Digital […]
Prime Trust Unit Banq Files for Bankruptcy
Banq, a subsidiary of the troubled crypto custodian Prime Trust, has filed for bankruptcy in a U.S. bankruptcy court in Nevada. Banq has chosen to file for Chapter 11 bankruptcy in the Nevada division of the U.S. bankruptcy court.The company values its assets at approximately $17.72 million, while its liabilities exceed $5.4 million. The bankruptcy […]
Banq Goes Bankrupt Amid Parent Company’s Crisis
Banq, a crypto custodian Prime Trust subsidiary, has filed for bankruptcy in the Nevada District Court. Prime Trust, Banq’s parent company, is attempting to conclude an acquisition with BitGo after experiencing a financial crisis due to the Celsius bankruptcy. Banq also accuses its former executives of stealing its trade secrets and assets to launch rival NFT […]