Bankruptcy Judge Michael A. Kaplan has approved BlockFi’s third revised Chapter 11 plan during a court hearing on September 26, as indicated in a filing on the same date. This development brings the customers of the distressed cryptocurrency lending platform closer to receiving their payouts following the endorsement of its …
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Kroy Biermann, Kim Zolciak. Paras Griffin/Getty Images Kroy Biermann’s lawyer has a theory about Kim Zolciak-Biermann’s legal strategy amid the duo’s messy divorce proceedings. “My guess is that Kim’s grand plan is to file for bankruptcy,” Marlys A. Bergstrom exclusively told Us Weekly of the Real Housewives of Atlanta alum …
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The accusations of vote-buying and manipulation have added complexity and uncertainty to the Genesis bankruptcy case. Bankrupt crypto lender Genesis Global Capital (GGC) is facing new charges from creditors that the proposed $175 million transaction with the insolvent FTX exchange is an attempt to manipulate the bankruptcy process through vote …
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FTX highlighted the pressing concern of potential fraudulent activities and scams and advised users to exercise heightened caution against any emails or communications that may impersonate parties involved in the bankruptcy proceedings. In an alarming development, the defunct crypto exchange FTX has fallen victim to a cybersecurity breach amidst the …
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In the complex world of finance and business, bankruptcy serves as a crucial mechanism that allows struggling companies to reorganize and regain financial stability. One of the most well-known forms of bankruptcy is Chapter 11, a legal process in the United States that grants businesses the opportunity to restructure their …
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Evergrande’s affiliate Tianji Holdings and the company’s subsidiary Scenery Journey have also filed for Chapter 15 protection in the US court. Evergrande Group, the Chinese second-largest property developer, has filed for Chapter 15 bankruptcy protection in the Manhattan bankruptcy court. The application would allow Evergrande to protect its assets in the US while …
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Prime Trust announced its intention to present a series of motions to the court. Prime Trust, a crypto custodian company based in the United States, has officially filed for Chapter 11 bankruptcy protection due to its financial challenges. The filing was made in Delaware on August 15, with the company …
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Crypto custodian Prime Trust filed for Chapter 11 bankruptcy in the United States state of Delaware on Aug. 14 after reporting shortfalls in customer funds. Prime Trust said it’s working with 25,000 to 50,000 creditors and has liabilities of up to $500 million. Although the news of the company’s financial …
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The attorneys claimed that FTX Dubai has a solvent balance sheet. Troubled crypto exchange FTX plans to remove its Dubai subsidiary from ongoing bankruptcy proceedings in the United States, Coindesk reported on Thursday, citing a recent court filing on August 3. When the exchange filed for bankruptcy last year, it initiated …
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Not long ago, Huobi was one of the top crypto exchanges in the world. At its peak, it was processing over $2 billion in trades per day and ranked third in total volume. These days, Huobi seems to be losing steam. Recent reports and data shared by Willy Woo, a …
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Prime Trust and most of its associates have come under undue problems. Prime Trust subsidiary Banq has filed for Chapter 11 bankruptcy protection in the United States District Court of Nevada. As reported by The Block, the decision to file comes only five days after the parent company reached an …
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[PRESS RELEASE – Hong Kong, Hong Kong, June 14th, 2023] Open Exchange (OPNX) has officially added Celsius claims to its marketplace. OPNX will now accept claims from the Celsius bankruptcy proceedings through its verification and tokenization partner, Heimdall. Holders of a claim can have it turned into a tokenized asset, …
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