The bankruptcy filing is the latest in a cascade of crypto failures and steep job cuts triggered by plunging digital asset prices last year. Last year, Genesis extended $130.6bn …
1 day ago · 3AC filed for bankruptcy in July in the midst of the “crypto winter.”. Genesis had loaned over $2.3 billion worth of assets to 3AC, according to court filings. 3AC creditors have been fighting ...
Mt. Gox was a Tokyo-based crypto exchange that declared bankruptcy in 2014 following a major hack. At its peak, the exchange handled more than 70% of all Bitcoin …
New Jersey-based crypto lender Voyager Digital filed for bankruptcy in the United States on July 6 after Three Arrows Capital (3AC) defaulted on a crypto loan worth more than …
With more crypto firms becoming insolvent and filing for bankruptcy, it is now clear that many customers will face massive losses, as their rights to their funds and assets are …
The Top 9 Crypto Bankruptcies of 2022 · 1. Core Scientific, December 2022 · 2. BlockFi, November 2022 · 3. FTX, November 2022 · 4. Celsius, June 2022 · 5. Babel ...
FTX Trading on Friday filed for Chapter 11 bankruptcy, capping a sudden and startling downfall for one of the world's largest cryptocurrency exchanges. Founder and CEO …
A declaration on Sunday by Binance, the world’s biggest crypto exchange, that it was selling its FTT holdings was followed by a bank-style run on FTX as customers …
Sam Bankman-Fried’s cryptocurrency exchange FTX has filed for Chapter 11 bankruptcy protection in the U.S., according to a company statement posted on Twitter. …
The Bahamas-based exchange shocked the crypto world by going bankrupt in November after suffering withdrawals of about $6 billion in just 72 hours and rival crypto …
Jul 19, 2022 · Crypto platforms Celsius and Voyager filed for bankruptcy protection after suspending account withdrawals. The debacle raises questions about what happens to investors’ funds when an exchange...
Dec 1, 2022 · Dec 1 (Reuters) - 2022 has been a rough year for the crypto industry. The price of bitcoin has dropped 65% since the start of the year, the cryptocurrency Luna suffered a total collapse in...
FTX, once the third-largest centralized cryptocurrency exchange, is now in U.S. bankruptcy. Its founder faces criminal and civil charges and goes to trial in ...