Bankruptcy | ForkLog

ForkLog 24 07.02.2023

Genesis reaches preliminary restructuring agreement with creditors, reports say

The DCG group and its bankrupt Genesis subsidiaries have reached a preliminary agreement on the terms of a restructuring plan with major creditors, CoinDesk reports.

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ForkLog 17 01.02.2023

Report: aggregate losses by users and investors in 2022 exceeded $63.9 billion

In 2022 the crypto industry experienced 359 incidents, including hacks and bankruptcies, causing a total loss of more than $63.9 billion.

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ForkLog 7 27.01.2023

Journalist names bidders for Celsius Network’s crypto assets

Bidders for the assets of the Celsius Network, which is undergoing bankruptcy proceedings, included Binance, Galaxy Digital, Bank to the Future, Cumberland and Novawulf. This was reported by Tiffany Fong.

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ForkLog 15 26.01.2023

Apple, Google and Amazon Among FTX Creditors

FTX lawyers filed in bankruptcy court a detailed list of creditors of the exchange, spanning more than 100 pages. The list includes government agencies from several countries, technology companies, airlines and hotel operators.

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ForkLog 6 25.01.2023

Celsius proposes issuing a token to repay creditors

Celsius Network's ongoing bankruptcy proceedings are considering issuing a token to pay creditors' claims, according to Bloomberg.

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ForkLog 27 20.01.2023

Genesis, part of Digital Currency Group, files for bankruptcy

Genesis Global Capital, the crypto-lending platform within the DCG holding, filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code.

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ForkLog 9 19.01.2023

Genesis Global Capital prepares for bankruptcy, reports say

Genesis Global Capital, a crypto-lending platform within the Digital Currency Group (DCG), is preparing to declare insolvency. According to informed Bloomberg sources, the firm will do so in the coming days.

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ForkLog 13 18.01.2023

Kevin O’Leary Predicts More Bankruptcies Among Unregulated Bitcoin Exchanges

The collapse of FTX marked the first in a long string of collapses of unregulated crypto exchanges. Investor and Shark Tank star Kevin O’Leary said this in an interview with Kitco’s David Lin.

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ForkLog 9 16.01.2023

Online broker Monex eyes acquisition of FTX Japan

Japanese brokerage Monex Group is interested in acquiring the local unit of the collapsed cryptocurrency exchange FTX led by Sam Bankman-Fried, Bloomberg reports.

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ForkLog 12 13.01.2023

FTX and Alameda Liquidators Lose $72,000 on Aave Position Closure

The Alameda Research restructuring team lost 4.05 aWBTC while attempting to close a position on the lending DeFi platform Aave. This was noted by Arkham Intelligence.

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ForkLog 14 10.01.2023

FTX subsidiaries attract 117 potential buyers

About 117 potential buyers are interested in acquiring the FTX bitcoin exchange's subsidiaries that are undergoing bankruptcy proceedings, according to court documents.

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ForkLog 8 30.12.2022

Creditors harmed by crypto-platform collapses put claims up for sale

As of December 30, the specialised platform Xclaim lists 9,256 claims for sale against the crypto platforms undergoing bankruptcy proceedings: FTX, Celsius Network, BlockFi and Voyager Digital.

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