#Bankruptcy

The legal process involving a person or business unable to repay outstanding debts.

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ForkLog 9 26.05.2023

Fahrenheit consortium wins Celsius asset auction

The Fahrenheit group has won the bid to manage the assets of the bankrupt Celsius Network.

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ForkLog 8 24.05.2023

Core Scientific asks court to extend restructuring to September

The mining company Core Scientific has submitted to the bankruptcy court an updated restructuring plan, projected through September 2023.

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ForkLog 3 23.05.2023

FTX token jumps 9.6% amid restart preparations

The FTX exchange, currently in bankruptcy proceedings, is preparing to resume operations. This follows from the April report by CEO John Ray.

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ForkLog 14 22.05.2023

DCG misses $630m payment to Gemini Earn

The Digital Currency Group (DCG, Genesis' parent company) missed a $630 million payment to Gemini Earn users.

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ForkLog 15 16.05.2023

BlockFi to liquidate its lending platform, reports say

BlockFi plans to liquidate its lending platform after a failed sale.

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ForkLog 19 09.05.2023

Bittrex files for bankruptcy protection

On May 8, the bitcoin exchange Bittrex filed for bankruptcy protection in a Delaware court.

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ForkLog 12 08.05.2023

Tencent-backed blockchain startup Everledger files for voluntary bankruptcy and liquidation

Backed by tech giant Tencent, the blockchain startup Everledger filed for voluntary bankruptcy and liquidation. This followed a failure to raise investor funding, reports SmartCompany.

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ForkLog 12 19.04.2023

Media: Tribe Capital Eyes Possible FTX Restart

A potential restart of the collapsed cryptocurrency exchange FTX has attracted interest from venture firm Tribe Capital. Bloomberg reports, citing sources.

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ForkLog 14 13.04.2023

FTT token jumps 90% on talks of restarting FTX

In July, FTX lawyers will present to the bankruptcy court a plan to reorganize the exchange with a possible restart, according to The Block. The price of the FTT token rose by 90%.

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ForkLog 18 12.04.2023

Former FTX executive proposes reviving a platform to trade claims

Former head of institutional sales at FTX Zane Tackett claims that the exchange should relaunch and begin trading the platform's claims.

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ForkLog 17 30.03.2023

OKX to hand over frozen assets worth $157 million to FTX bankruptcy trustees

The cryptocurrency exchange OKX will hand over frozen assets tied to FTX and Alameda Research, in bankruptcy, totaling about $157 million.

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ForkLog 9 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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