Alameda Research Wallet Receives $6M From Bitfinex Hot Wallet
An Ethereum wallet that belongs to bankrupt trading firm Alameda Research quietly received $6 million worth of tether (USDT) from Bitfinex's hot wallet overnight, according to Nansen data.
Core Scientific To Borrow Millions From Investment Bank After Court Approval
The U.S. Bankruptcy Court for the Southern District of Texas has granted Core Scientific the green light to go ahead with a $70 million credit facility from middle market investment bank B. Riley.
Celsius Publishes List of Users Eligible To Withdraw Majority of Assets
Bankrupt cryptocurrency lending firm Celsius had come up with a withdrawal process for users who had their crypto in its custody when it stopped withdrawals in June 2022.
Voyager Creditors Reject Alameda’s Attempt to Recover $446M
An attempt by defunct crypto trading firm Alameda Research to extract $446 million it made in loan repayments to bankrupt Voyager Digital has been rejected by both the creditors’ committee and Voyager itself, according to court filings.
Celsius Failed To Report $800 Million in Losses as CFO Flagged ‘Possibly Illegal’ Behavior
Crypto lender Celsius operated a riskier business than advertised and failed to report hundreds of millions in losses, all while CEO Alex Mashinsky cashed out more than $68 million, according to a court-ordered report into its bankruptcy.
Defunct Crypto Lender BlockFi Granted Approval to Sell Assets
Defunct crypto lender BlockFi has earned court approval to sell its remaining assets.
Celsius Used New Customer Funds to Pay for Withdrawals: Independent Examiner
Celsius misled its investors – and on occasion used new customer funds to pay for other customers’ withdrawals, the usual definition of a Ponzi scheme, an independent examiner for the New York bankruptcy court said in a Tuesday filing.
FTX Seeks to Remove Turkish Units From Bankruptcy Case
Crypto exchange FTX is seeking to remove Turkish units from the scope of its bankruptcy case, saying in a Friday court filing that Turkish authorities are unlikely to follow instructions from U.S. courts.
Celsius Faces Backlash After Unveiling Dull Recovery Plan To Exit Bankruptcy
Amid the ongoing bankruptcy hearing, the now-collapsed crypto lender Celsius Network has unveiled a plan to exit the process by rebranding it into a publicly traded recovery corporation.
What’s Next for Genesis Creditors? It Depends on What’s in the Bankruptcy Filing
Snyder, chair of the firm’s bankruptcy department, said it's unknown right now how much of a "haircut" Genesis' creditors could suffer. A haircut refers to the lower-than-market value placed on an asset being used as collateral for a loan.
