Bankruptcy | ForkLog

ForkLog 9 25.08.2023

Prime Trust loses $8 million on Terra stablecoin investments.

The crypto custodian Prime Trust spent $6 million of client funds and $2 million of its own cash on investments in the collapsed algorithmic stablecoin TerraUSD (UST).

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ForkLog 9 24.08.2023

FTX to hire Galaxy Digital to sell assets

The collapsed FTX told the court about plans for 'sale, staking and hedging' of its $3 billion of digital assets — and will hire Galaxy Digital, Mike Novogratz's firm.

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ForkLog 8 18.08.2023

Court orders Celsius creditors to vote on sale of Celsius Network assets to Fahrenheit consortium

The court issued an order, under which creditors of the bankrupt Celsius Network must vote on the sale of the group\'s digital assets to the Fahrenheit consortium.

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ForkLog 15 15.08.2023

New Zealand crypto exchange Dasset announces liquidation, blocks access to assets

The New Zealand-based crypto exchange Dasset, headquartered in Auckland, has closed client access to assets and announced the start of liquidation after six years in operation.

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ForkLog 12 15.08.2023

Crypto custodian Prime Trust files for bankruptcy

Prime Trust filed a bankruptcy petition under Chapter 11 of the United States Code in a Delaware court.

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ForkLog 6 14.08.2023

Voyager Digital moved altcoins worth about $9.4 million to Coinbase

The bankrupt crypto broker Voyager Digital transferred a total of about $9.4 million in altcoins to Coinbase in the last 24 hours. PeckShield noted this.

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ForkLog 7 02.08.2023

FTX creditors criticise proposed restructuring plan

The FTX creditors' committee described the plan proposed by management for restructuring as 'ideas', noting the absence of formal negotiations for its discussion.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 11 01.08.2023

FTX proposes restarting its offshore exchange

The FTX bankruptcy administrator presented a plan to restart the offshore exchange with access for users outside the United States.

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ForkLog 5 22.07.2023

WSJ: Celsius reaches key settlements to return funds to clients

Bankrupt crypto lending platform Celsius Network has signed a series of global settlements that pave the way for court approval for the return of funds to clients. The Wall Street Journal reports.

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ForkLog 8 21.07.2023

Former Alameda chief knew of a multi-billion-dollar deficit long before the FTX collapse

In March 2022, former Alameda Research CEO Caroline Ellison said in a memo about a $10 billion deficit at FTX, which collapsed in November.

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ForkLog 9 19.07.2023

Court appoints a receiver for Prime Trust

The District Court of Nevada ordered Prime Trust, the crypto custodian, to enter receivership and named its receiver as John Gedri, president of Bank of Nevada.

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ForkLog 8 18.07.2023

Celsius to pay investors $25 million from GK8 sale

The bankrupt Celsius Network has reached an agreement with Series B investors to distribute $25 million from the sale of the GK8 crypto custodian.

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