Key Takeaways Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has struck a major deal to reimburse over $1.1 billion to its Earn customers through the bankruptcy proceedings of Genesis Global Capital. This agreement follows Genesis’ default on…
Key Takeaways Delaware Bankruptcy Court Judge John Dorsey has given the green light for the FTX bankruptcy estate to proceed with the sale of its stake in artificial intelligence (AI) startup Anthropic, as per court filings from Thursday. The ruling,…
Key Takeaways FTX creditors have initiated legal proceedings against Sullivan & Cromwell, a prominent law firm, alleging its complicity in the collapse of the cryptocurrency exchange. The lawsuit contends that Sullivan & Cromwell’s involvement extended beyond customary legal services, accusing…
Key Takeaways Celsius, the cryptocurrency lending platform that filed for bankruptcy in 2022, has announced significant progress in distributing owed crypto assets to its creditors. According to court documents filed on Friday, the company has successfully distributed the majority of…
Key Takeaways Core Scientific has defied the odds, rising from the depths of Chapter 11 bankruptcy in December 2022 to claim the title of North America’s foremost publicly listed cryptocurrency mining company. Their remarkable comeback includes the mining of 19,274…
After filing for Chapter 11 bankruptcy in the US, Celsius plans to open a new Bitcoin mining company and begin paying creditors $3 billion in cryptocurrency and cash.
Key Takeaways Terraform Labs, currently in the midst of Chapter 11 bankruptcy proceedings, has revealed its strategic move to employ bankruptcy protection as a means to mount a “do-or-die” appeal against the U.S. Securities and Exchange Commission (SEC). In a…
Key Takeaways Celsius Network, the bankrupt crypto lender, is in the midst of a substantial sell-off, mainly involving Ethereum (ETH), as it works to repay creditors. The latest move reveals a transfer of over $40 million worth of ETH to…
Key Takeaways Terraform Labs, the firm at the center of the TerraUSD (UST) collapse, has entered Chapter 11 bankruptcy protection in the United States, seeking solace as it faces a cascade of legal challenges. The Singapore-based company, co-founded by crypto…
Key Takeaways Amidst the tumultuous world of cryptocurrency, the saga of Celsius, a once-prominent crypto lender, takes another intriguing turn as the company navigates its bankruptcy proceedings. Recent developments reveal that creditors who withdrew substantial sums from the platform prior…
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