Tag: bankruptcy

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FTX Creditors May Recover Only 10%-25% of Their Crypto Holdings

Recent bankruptcy documents from FTX creditor Sunil Kavuri reveal troubling news for FTX creditors. Due to how repayments are structured, many may only recover...

DCG Settles Short-Term Debts and Plans for the Long-Term Genesis Repayment

DCG clears $1B in short-term debt but faces a $1.1B note for Genesis. Despite serious financial difficulties, DCG's debt repayment demonstrates perseverance. Digital Currency...

Former Head of Crypto Firm Celsius Arrested on Federal Charges

Alexander Mashinsky – the founder of bankrupt crypto lending platform Celsius – has been arrested and indicted on federal charges. Former Celsius Head Taken into...

Genesis Is Next Crypto Firm to Go Bankrupt

Not long ago, Live Bitcoin News reported that Genesis Global Capital – the lending division of the Digital Currency Group (DCG) – was preparing...

Crypto Lending Firm Genesis Is All Set to File Bankruptcy

It’s happened again, folks. Another bankruptcy is in the crypto books. This time, the company that’s falling victim to alleged bankruptcy proceedings is Genesis,...

Opinion: The Resilience of Bitcoin Is Truly Astounding

We are beginning to sound like a broken record at this stage, but it’s worth mentioning again that 2022 was arguably the worst year...

Crypto Bankruptcy was Big Last Year, but was There a Positive Note to It All?

2022 was a year wrought with bankruptcy and the exiting of several crypto companies, but many analysts do not feel this was necessarily a...

Crypto Mining Firm Greenidge Generation Hints at Potential Bankruptcy

Another crypto mining firm is in trouble. This time, the alleged victim is Greenidge Generation (GREE), which has hinted that it could file bankruptcy...

Block Fi Is the Latest Crypto Company to Go Bankrupt

It’s happened again, folks. Another digital currency company has filed for bankruptcy protection. This time, it’s Block Fi, a crypto lending platform, which was...

FTX Customers May Say Bye to Their Money for Good

FTX caused a lot of nasty spillage and other problems in late 2022. Here we are in 2023, and unfortunately, the final remnants of...

Is Crypto Firm Block Fi Next in Line to File Bankruptcy?

2022 has been an atrocious year for cryptocurrency. Many digital asset companies have been forced into dark places and filed for bankruptcy, and it...

What Will Happen Now That FTX Is Bankrupt?

FTX, one of the world’s biggest and most popular digital currency exchanges, has filed for bankruptcy. This was abruptly followed by the formal resignation...