Failed crypto exchange BlockFi to start reimbursements this month July 18, 2024 Posted by Emma Rodriguez The exchange will begin paying back the users it failed to protect from a security breach Failed cryptocurrency exchange BlockFi has announced that it will begin reimbursing its customers starting
TerraForm to offload four companies as it continues to close shop July 11, 2024 Posted by David Parker The cryptocurrency company’s recent failures have forced it to take drastic measures Terraform Labs, a once-prominent name in the digital assets space, has declared bankruptcy and is currently in the
FTX creditors reject payout plan as tension continues to rise June 7, 2024 Posted by Emma Rodriguez The proposal could lead to some creditors losing money, not recovering it FTX’s bankruptcy reorganization plan is being rejected by a group of creditors led by Sunil Kavuri. Several grounds
Cryptocurrency bankruptcy claims and trading platform Open Exchange to shut down February 2, 2024 Posted by Emma Rodriguez Users have little time to withdraw their funds if they want to avoid losing them OPNX, the cryptocurrency bankruptcy claims platform started by failed hedge fund Three Arrows Capital (3AC)
Company behind failed TerraUSD stablecoin files for bankruptcy January 22, 2024 Posted by Emma Rodriguez Terraform Labs hasn’t been able to recover and now has to call it quits Terraform Labs, the company created by Do Kwon and behind the now-defunct TerraUSD (UST) stablecoin, has
Bankruptcy judge approves deal between FTX and Genesis Global October 12, 2023 Posted by Emma Rodriguez The deal will see FTX-linked Alameda Research receive $175 million from Genesis A settlement has been approved by a New York bankruptcy judge between bankrupt cryptocurrency firms FTX and Genesis
Cryptocurrency custodian Prime Trust files for bankruptcy August 15, 2023 Posted by Richard Hudson The writing was already on the wall, but the company confirmed it’s going bust Prime Trust, a crypto custodian, has filed for Chapter 11 bankruptcy protection in Delaware after a