Genesis May Go Bankrupt Without New Funding
Apparently, crypto brokerage Genesis is reportedly warning that it will become bankrupt if it does not receive any funding, according to a Bloomberg report. According to
bankruptcy (Latest Publications)
Genesis Block Will Cease Trading Operations Because of FTX Scandal
In the aftermath of the FTX fallout, Hong Kong’s leading crypto retail operator, Genesis Block, has announced it will cease trading as a result.
BlockFi Braces for Potential Bankruptcy: Report
Leading cryptocurrency lender, BlockFi, seems to be preparing for a possible bankruptcy filing due to the company’s “significant exposure” to beleaguered crypto exchange FTX.
German Crypto Bank Nuri Shuts Down; Notifies Users to Withdraw Funds
Nuri, a crypto neobank and exchange has decided to shut down as the company was unable to find a buyer after filing for insolvency in August.
Alameda Research Will Repay $200M to Bankrupt Voyager Digital
The renowned bankrupt crypto brokerage firm, Voyager Digital has reached an agreement with Alameda Research over its outstanding loans. Alameda will return approximately $200 million of
Crypto Lender Celsius Files For Approval To Sell Stablecoin Reserves
The renowned crypto lender, Celsius has asked for approval to sell off its stash of stablecoins in order to fund its operations. In the filed application,
Celsius Files to Return the Funds of Custody Clients
In a recent development, crypto lender Celsius Network has filed to return the funds of custody holders after a month into bankruptcy. The platform revealed the
Bitcoin sale approved by court, but not stocks or debt by Celsius
During the course of its bankruptcy filing, cryptocurrency lender Celsius Network LLC was granted permission to mine and sell bitcoins by a U.S. bankruptcy judge.
Voyager Digital is Cleared to Return Customer Funds
The financial complications and crypto market crash caused several problems for crypto firms and organizations. Crypto brokerage Voyager Digital also filed for bankruptcy amid similar circumstances.
FTX CEO Criticizes Voyager Following Buyout Rejection
In a series of tweets, FTX CEO, Sam Bankman-Fried, weighed into embattled cryptocurrency lender, Voyager Digital, after it turned down FTX’s buyout offer. Bankman also blamed
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