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Tag: Bankruptcy Court

FTX to Sell $1 Billion Stake in Anthropic Amid Bankruptcy Settlement

Exchange News Anthropic is in the process of evaluating potential investors to buy the stake. Saudi Arabia has been excluded from the race due to national...

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Core Scientific to Provide CoreWeave up to 16 MW of Data Center Infrastructure to Support AI and HPC Workloads in Long Term Hosting Contract...

Strategic extension of data center hosting business levers Core Scientific’s expertise in high value compute to broaden revenue model to customers engaged in rapidly...

FTX cautions against unauthorized asset sales

FTX, the bankrupt cryptocurrency exchange, has issued a public warning about unauthorized entities soliciting bids for its digital assets, which are exclusively managed by...

SEC scrutinizes Terraform Labs’ US$166 mln legal retainer

The U.S. Securities and Exchange Commission (SEC) has challenged Terraform Labs’ massive legal retainer amid bankruptcy proceedings, alleging potential misuse of funds and conflict...

Gemini to reimburse US$1.1 bln to Earn customers after settlement

Gemini, a New York-based cryptocurrency exchange, has reached a settlement agreement to return US$1.1 billion in digital assets to users of its Earn program,...

Gemini to Reimburse $1.1 Billion to Users Amid Regulatory Settlement

DFS mandates Gemini to refund $1.1B to Earn users and pay a $37M fine due to oversight failures. The New York State Department of...

Gemini to Return $1.1 Billion to Earn Customers, Pay $37 Million Fine In New York Settlement – Decrypt

New York-based cryptocurrency exchange Gemini announced late Wednesday that the parties involved in the bankruptcy case of crypto lending company Genesis have agreed to...

Winklevoss Twins’ Gemini Promises to Return $1.1B to Earn Customers

As part of the settlement, Gemini will give Genesis – which provided services that helped Earn function – $40 million for its bankruptcy proceedings,...

FTX secures court approval to sell 8% Anthropic stake

Defunct crypto exchange FTX has secured court approval to sell its stake in artificial intelligence (AI) startup Anthropic Holdings, potentially adding over $1 billion...

FTX Can Now Sell Its $1B Stake in Anthropic to Repay Creditors – Decrypt

A federal bankruptcy court has approved a plan by collapsed crypto exchange FTX and its creditors to sell the fallen firm's $1 billion stake...

FTX to Repay Clients Fully but Exchange Won’t Reopen – CryptoCurrencyWire

Sam Bankman-Fried’s defunct crypto exchange FTX disclosed in a recent court session that it intends to fully reimburse its clients. Bankman-Fried was convicted last...

Bankrupt Firms 3AC and BlockFi Reach Counterclaim Settlement—But Details Are Sealed – Decrypt

A judge approved a settlement of the counterclaims between bankrupt crypto hedge fund Three Arrows Capital and defunct crypto lender BlockFi yesterday.But the details...

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