BlockFi stated 28 that it filed for Chapter 11 chapter safety within the US Chapter Courtroom for the District of New Jersey and would search to get well all obligations owed to BlockFi by its counterparties, together with
Tag:
Bankruptcy
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Bitcoin NewsNews
BlockFi recordsdata for chapter, as many anticipated, cites FTX collapse for its troubles
by Jeremyby JeremyIn response to a assertion, BlockFi has million readily It has filed motions “to pay worker wages and proceed worker advantages with out It additionally seeks to “set up a Key Worker Retention Plan to make sure…
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In a Twitter thread, Arkham revealed that Alameda Analysis, FTX’s sister firm, pulled $204 million from eight totally different addresses of FTX US in a wide range of crypto belongings, nearly all of them stablecoins, within the remaining days earlier…
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BitGo custody providersBitGo is likely one of the main gamers inside the crypto custody sector, holding property on behalf of many institutional traders, banks, and crypto Shoppers embrace Panterra Capital, Swissborg, Coinjar, Ripple, Nexo, and many addition to…
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Altcoin NewsNews
‘Substantial quantity’ of FTX’s property stolen or lacking — Chapter counsel
by Jeremyby JeremyIn a livestream of FTX Buying and selling’s chapter proceedings on 22, Bromley stated new FTX CEO John Ray III had laid out core objections geared toward getting the agency, remaining staff and funds by way of the controversial…
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Altcoin NewsNews
Genesis calls in restructuring professional in its struggle to keep away from chapter
by Jeremyby JeremyIt’s understood that the agency has employed funding financial institution Moelis & Firm to discover choices, whereas individuals conversant in the scenario have careworn that no monetary selections have been made and that it’s nonetheless doable for the corporate to…
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FTX collectors involved about their names and different private info being disclosed as a part of the crypto trade’s chapter proceedings can breathe a sigh of aid – at the least Supply hyperlink
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ICO
Attorneys Element the ‘Abrupt and Troublesome’ Collapse of FTX in First Chapter Listening to
by Jeremyby Jeremy“You have got witnessed in all probability some of the abrupt and tough collapses within the historical past of company America,” an lawyer for FTX stated in the course of the firm’s first chapter listening to on Supply hyperlink