Bankruptcy | ForkLog

ForkLog 10 24.03.2023

BlockFi to sell mining assets worth $4.7 million

The bankruptcy court approved the sale of mining equipment and other physical assets worth $4.7 million from BlockFi, the crypto-lending platform. The Block reports.

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ForkLog 10 21.03.2023

FTX sues Bahamian liquidators of FTX Digital Markets

FTX, the crypto exchange undergoing bankruptcy proceedings, has filed a lawsuit against the liquidators of Bahamas-registered FTX Digital Markets (FDM) in a bid to gain control of assets. The Block reports.

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ForkLog 18 17.03.2023

SVB Financial Group files for Chapter 11 bankruptcy

SVB Financial Group, the former subsidiary of Silicon Valley Bank (SVB), filed a Chapter 11 bankruptcy filing.

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ForkLog 13 08.03.2023

Court approves Binance.US purchase of Voyager Digital assets

The American arm of Binance may buy the assets of the bankrupt crypto lender Voyager Digital. Judge Michael Wiles issued the verdict after four days of hearings, according to The Block.

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ForkLog 18 07.03.2023

FTX reports $1.6 billion Bitcoin shortfall

The crypto exchange FTX, in bankruptcy proceedings, said the aggregate asset shortfall to cover customer claims stands at $8.7 billion, with $1.6 billion in Bitcoin.

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ForkLog 29 23.02.2023

Liquidators to Sell 3AC NFT Collection

The NFT collection assembled by the bankrupt crypto hedge fund 3AC will be put up for sale. The liquidator, consulting firm Teneo, announced this.

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ForkLog 9 20.02.2023

FTX moved Bahamian assets worth $7.7 billion to US units ahead of bankruptcy filing

The FTX liquidators said that shortly before filing for bankruptcy the exchange transferred assets totaling $7.7 billion from Bahamian to US units.

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ForkLog 21 17.02.2023

Why crypto firms opt for Chapter 11 bankruptcy under the U.S. Bankruptcy Code

GMT Legal lawyers told ForkLog exclusively about the advantages and drawbacks of filing under Chapter 11 of the US Bankruptcy Code, as well as potential issues crypto companies may face within this process.

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ForkLog 10 14.02.2023

Court approves sale of FTX de minimis assets

The Delaware bankruptcy court approved the sale of certain FTX assets in the de minimis category.

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ForkLog 12 10.02.2023

Publisher pulls Alex Mashinsky’s book after Celsius bankruptcy

The book by former Celsius Network CEO Alex Mashinsky, scheduled for publication, has been withdrawn from sale.

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ForkLog 26 09.02.2023

FTX lawyers’ fees total nearly $20 million

Lawyers involved in the bankruptcy proceedings of the cryptocurrency exchange FTX valued their services at roughly $20 million.

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ForkLog 35 09.02.2023

Bitcoin ATM operator Coin Cloud files for bankruptcy

Coin Cloud, which operates more than 4,000 Bitcoin ATMs in the United States and Brazil, has filed for bankruptcy.

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