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Bankruptcy
Crypto Payment Processor Banq Files for Bankruptcy
Bankruptcy filing comes as TrueUSD stops redemptions and Haru Invest ceases operations citing problems with an unnamed partner.
Crypto Lender Genesis Amends Reorganization Plan as Mediated Talks Continue
The updated plan from mediated discussions with parent company DCG reflects “substantial agreement” on several key issues.
Crypto Exchange Bittrex’s Customer-Repayment Plan Faces U.S. Government Objection
If successful, it wouldn’t be the first time the state has scuppered a crypto bankruptcy proposal.
Genesis Bankruptcy Judge Extends Mediation Period Between Genesis, Creditors
The insolvent lender will now have until August 2 to submit a plan to emerge from bankruptcy.
Bankers Shopping FTX's 'Hundreds of Millions of Dollars' Stake in AI Startup: Report
At the time of its bankruptcy last November, FTX may have owned as much as $500 million worth of stock in Anthropic, the creator of ChatGPT rival Claude.
New York’s Met Museum Agrees to Return $550K in FTX Donations
The bankrupt crypto company is seeking the return of funds sent by Sam Bankman-Fried’s empire before its November collapse.
Defunct Crypto Hedge Fund 3AC Insists on Taking Part in Genesis Mediation
The defunct crypto hedge fund has claimed over $1 billion against Genesis, which itself filed for bankruptcy in January.
FTX Examiner Appointment Referred to Court of Appeals by District Judge
The U.S. government is pushing to have an independent inquiry into the crypto exchange despite concerns over cost.
Fahrenheit Wins Bid to Acquire Assets of Insolvent Crypto Lender Celsius
The Arrington Capital-backed grouping beat fellow bidder NovaWulf for Celsius’ assets, with the Blockchain Recovery Investment Consortium selected as back-up.
Crypto Lender BlockFi Ordered by U.S. Court to Withdraw Communication on Unapproved Reorganization Plan
A U.S. bankruptcy court ordered the estate to issue a letter saying that statements relating to a May 13 disclosure were not authorized, and that it was not allowed to solicit support for a reorganization plan at the time.
