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Tag: chapter 11 bankruptcy

DCG completes repayment of $700 million Genesis debt

Digital Currency Group (DCG) has announced the successful settlement of approximately $700 million in short-term loans owed to now-defunct crypto lending platform Genesis.The settlement...

Celsius to Unstake $466 Million Ethereum Holdings, ‘Ensure Ample Liquidity’ for Creditors – Decrypt

Bankrupt crypto lender Celsius Network will unstake its existing holdings of Ethereum in order to "ensure ample liquidity" when distributing assets to its creditors.In...

Court grants final approval for $225M Celsius mining company, steers clear of securities ruling

The United States Bankruptcy Court for the Southern District of New York approved the implementation of the “MiningCo Transaction” for Celsius and its affiliated...

DCG CEO Silbert, President Murphy Exit Grayscale Board – Unchained

The Digital Currency Group-owned crypto asset manager, currently a spot bitcoin ETF candidate, has named two other DCG execs and its own CFO...

Core Scientific Set for Post-Bankruptcy Revival with NASDAQ Relisting

Core Scientific, once a leading player in the Bitcoin mining landscape, is poised to emerge from Chapter 11 bankruptcy proceedings in mid-to-late January 2024,...

FTC bans Rite Aid from using facial recognition for 5 years

The US Federal Trade Commission (FTC) has banned American drugstore chain Rite Aid from using AI facial recognition technology for surveillance purposes for five...

Bittrex Global Shuts Down: Cryptocurrency Exchange Ceases Operations Worldwide

Advertisement &nbsp &nbsp On November 20, the cryptocurrency exchange Bittrex Global, based in Liechtenstein, abruptly announced that it would cease all its operations worldwide...

The FTX Scam: Inside The Sam Bankman-Fried Story

In the annals of crypto’s tumultuous history, few stories have gripped the market as intensely as the FTX crypto scam, orchestrated by Sam Bankman-Fried....

FTX Receives Court Consent to Sell $744M in Assets From Grayscale, Bitwise Trusts

FTX and affiated debtors intend on selling $691 million from five Grayscale trusts and $53 million from one Bitwise trust. ...

FTX Receives Court Consent to Sell Assets From Grayscale, Bitwise Trusts

FTX and affiated debtors intend on selling $691 million from five Grayscale trusts and $53 million from one Bitwise trust. ...

Genesis Sues Gemini, Seeking About $690 Million In ‘Preferential Transfers’

<!-- -->Genesis Global Capital, a crypto brokerage firm owned by Digital Currency Group (DCG), is seeking $689 million from Gemini,...

Celsius to Transition to Mining-Only NewCo following Bankruptcy Court’s Confirmation of Plan

Celsius Network LLC, a global cryptocurrency platform, is set to undergo a significant transformation following the confirmation of its Chapter 11 plan by the...

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