Bankruptcy | ForkLog

ForkLog 12 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.

AI translated

ForkLog 10 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.

AI translated

ForkLog 9 06.07.2023

Celsius moved about $74 million in altcoins to convert to Bitcoin and Ethereum

The bankrupt Celsius Network moved about $74 million in altcoins to convert them into Bitcoin and Ethereum as part of creditor settlements.

AI translated

ForkLog 11 04.07.2023

Voyager creditors will pay $5.1 million for lawyers’ services

The law firm McDermott Will & Emery sent a bill to the official creditors' committee of the bankrupt crypto broker Voyager Digital for $5.1 million for three months of work.

AI translated

ForkLog 24 29.06.2023

BlockFi creditors urge liquidation of the company

The creditors' committee of BlockFi, a cryptocurrency lending platform, accused its management of delaying the restructuring process and proposed to the court that the company be liquidated.

AI translated

ForkLog 22 28.06.2023

Voyager Digital to pay $1.1 million for a month of legal services

The bankrupt crypto broker Voyager Digital will pay $1.12 million to Kirkland & Ellis as reimbursement of expenses and fees for April.

AI translated

ForkLog 9 28.06.2023

Nevada Regulator Seeks Prime Trust Bankruptcy

The Nevada Department of Business and Industry filed in court a petition to bar Prime Trust, the crypto custodian, from any business operations and appoint a bankruptcy trustee for the company.

AI translated

ForkLog 16 23.06.2023

SEC postpones BlockFi’s $30 million penalty payment

The U.S. Securities and Exchange Commission (SEC) has postponed payment of BlockFi’s $30 million penalty until all creditor claims against the crypto-lending platform have been fully satisfied.

AI translated

ForkLog 14 20.06.2023

FTX paid over $120 million in advisor fees between February 1 and April 30

Between February 1 and April 30, the collapsed exchange FTX spent $121.8 million on consulting and financial services.

AI translated

ForkLog 19 19.06.2023

Wyre announces wind-down of operations

The American cryptocurrency payments company Wyre announced its closure after ten years of operation, citing difficult conditions in the bear market.

AI translated

ForkLog 15 14.06.2023

Court Allows Bittrex to Withdraw Funds for US Customers

On June 15, the U.S. arm of the bitcoin exchange Bittrex will open withdrawals for customers after a favorable court ruling in Delaware bankruptcy proceedings, CoinDesk reports.

AI translated

ForkLog 8 14.06.2023

Prime Trust’s payments unit files for bankruptcy

Banq, the payments subsidiary of the crypto custodian Prime Trust, filed for Chapter 11 bankruptcy protection in the United States District Court for the District of Nevada.

AI translated

#Bankruptcy