News with the tag "Chapter 11 bankruptcy"

Bitcoin mining company Rhodium Enterprises has initiated Chapter 11 bankruptcy proceedings in the U.S. Bankruptcy Court for the Southern District of Texas, disclosing potential liabilities of up to $100 million. The Chapter 11 filing, made on August 24, includes six subsidiaries: Rhodium Encore, Jor...

The now-defunct crypto lender Blockfi is officially shutting down the firm’s web portal this month according to an update from the firm. Blockfi said that it has partnered with Coinbase to help facilitate the execution of withdrawals to eligible Blockfi customers. Blockfi Collaborates With Coinbase ...

On Thursday, February 8, bankrupt cryptocurrency lender Genesis Global reached a settlement in the lawsuit filed by New York Attorney General Letitia James. The lawsuit alleged that Genesis had defrauded customers through its now-defunct Earn program. Under the Earn program, customers could earn int...

In the latest development, bankrupt crypto lender Genesis Global has settled the lawsuit with New York Attorney General Letitia James. James had sued Genesis for defrauding for defrauding customers of its now-defunct Earn program. The Earn program permitted customers to earn interest payments by len...

Celsius has concluded its Chapter 11 bankruptcy process and is embarking on a new journey with the launch of Ionic Digital, Inc., a bitcoin mining company managed by Hut 8 Corp. This development follows a complex legal and financial restructuring, which will include over $3 billion distributed to cr...

Among the recent events in the ever-evolving crypto space include the news on Celsius Network, a crypto lending platform that intends to implement its plans on a restructuring intent. These plans will also return digital currencies to customers and create the Celsius creditors company. The court sig...

A proposed settlement could see creditors receive a shortfall claim of $8.9 billion for FTX.com and $166 million for FTX US.

The approval is seen as a milestone moment for BlockFi's 100,000-plus creditors, who have been long awaiting repayment.

The approval is seen as a milestone moment for BlockFi's over 100,000 creditors, who have been long awaiting repayment.

It was alleged that Celsius executives purportedly involved Wintermute to facilitate "wash trading" in an effort to “fraudulently" manipulate trading volumes on the Celsius platform.