Bankruptcy | ForkLog

ForkLog 9 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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ForkLog 19 29.12.2022

Celsius Network seeks extension of creditor claims filing deadline

The Celsius Network crypto-lending platform, currently under bankruptcy proceedings, has requested the court to extend the creditors' claims filing deadline.

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ForkLog 10 23.12.2022

Core Scientific gains access to $37.5 million loan from creditors

A bankruptcy court approved Core Scientific's access to a $37.5 million loan from existing creditors. The funds will be used to address liquidity problems, according to Reuters.

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ForkLog 15 21.12.2022

Bitcoin miner Core Scientific files for Chapter 11 bankruptcy

The mining company Core Scientific is set to file for Chapter 11 bankruptcy protection under the U.S. Bankruptcy Code, according to CNBC, citing sources.

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ForkLog 12 20.12.2022

BlockFi seeks court order to permit user withdrawals from wallet accounts

BlockFi, a crypto-lending platform, filed a motion in the District of New Jersey bankruptcy proceedings to permit withdrawals by users from wallet accounts.

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ForkLog 15 16.12.2022

Opinion: FTX creditors could recover at most 40% of funds

Creditors of the failed cryptocurrency exchange FTX may recover up to 40% of their funds. This forecast came from the Jefferies Financial Group investment bank, according to The Block.

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ForkLog 6 16.12.2022

FTX to unwind LedgerX and other subsidiaries to return funds to creditors

FTX, undergoing bankruptcy proceedings, filed in court a motion to sell a number of entities within the group, including LedgerX (FTX US Derivatives), FTX Japan, FTX Europe and Embed Business.

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ForkLog 10 06.12.2022

Celsius management seeks court permission to sell stablecoins

Celsius Network filed a petition seeking court approval to sell stablecoins to provide operating liquidity.

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ForkLog 20 05.12.2022

Bloomberg: LedgerX Put Up for Sale

The LedgerX cryptocurrency derivatives exchange, part of the FTX group, is up for sale, Bloomberg reports.

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ForkLog 11 29.11.2022

FTX Partially Resumes Payroll Payments

FTX Trading and most of the group's subsidiaries began paying employees' salaries worldwide.

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ForkLog 12 21.11.2022

Expert flags flaws in Celsius’s accounting and custody controls

The bankrupt Celsius platform failed to establish adequate accounting and operational controls for handling client funds, according to independent expert Noda Pillay.

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ForkLog 14 02.11.2022

Compute North sells assets to its former lender for $5 million

Generate Capital bought two data centres from the cloud-mining infrastructure-solutions provider Compute North. The deal was worth $5 million, The Block reports.

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