bankruptcy – Prism News

Banq, Subsidiary of Prime Trust, Files for Bankruptcy After Theft and Trade Secret Breach

Prism News
June 14, 2023
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Crypto custodian Prime Trust's subsidiary Banq files for bankruptcy, citing $17.72 million in assets against $5.4 million in liabilities and an unauthorized transfer of $17.5 million in assets by former officers.

Battle for Control: U.S. Courts and FTX’s $7.3B Disputed Assets

Prism News
June 9, 2023
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U.S. Bankruptcy Judge denies request to relinquish control over FTX's $7.3 billion in disputed assets, setting up a controversial legal battle.

U.S. Government Objects to Bittrex’s Repayment Plan for Customers

Prism News
June 8, 2023
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US government challenges Bittrex's plan to repay customers, owed millions for sanctions violations. Will they be able to withdraw their holdings?

Genesis Bankruptcy Mediation Extended Amidst Tensions

Prism News
June 6, 2023
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Judge extends mediation period between Genesis and creditors as tensions rise over Digital Currency Group's role in the lender's restructuring.

FTX Examiner Appointment Headed to Court of Appeals with $100 Million Potential Fallout

Prism News
May 30, 2023
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FTX's independent investigator appointment referred to Court of Appeals, raising questions about the need for an independent probe into the exchange's collapse.

BlockFi Accused of Misusing Funds and Deliberately Delaying Trial

Prism News
May 16, 2023
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BlockFi accused of using customer funds to buy $30M insurance policy, creditors claim.

Celsius Transfers $75M ETH to Staking Service in Bold Move

Prism News
May 15, 2023
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Crypto lender Celsius staked $75M of ether via Figment, one of the largest movements of funds since filing for bankruptcy, allowing them to earn rewards on their holdings during restructuring efforts.

Quadriga CX Bankruptcy: Former Users to Receive 13% of Claims

Prism News
May 12, 2023
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Quadriga CX bankruptcy claimants to receive 13% of their claim - check out the details of the payout!

DCG vs Genesis: Creditors’ $1B Liabilities Battle

Prism News
May 11, 2023
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DCG and Genesis in 30-day mediation over outstanding obligations, creditors left hanging as settlement plan faces disruption.

Revealed: QuadrigaCX Distributes Funds to Users – Key Facts

Prism News
May 9, 2023
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Bankrupt QuadrigaCX crypto exchange to begin interim distribution for some users, offering a glimmer of hope for customers owed $200 million.

Unlock Frozen Funds: Court Approval for Eligible Celsius Users

Prism News
May 6, 2023
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Celsius users rejoice! Court approval now allows eligible users to withdraw 100% of their original funds after a 300-day freeze.

Unlock Your Trapped Crypto: Voyager Creditors May See Funds Returned in Just Weeks!

Prism News
May 4, 2023
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Bankrupt crypto broker Voyager Digital could start returning funds to creditors in the next few weeks as liquidation procedures finalize🔜💸

Name	Price	24H (%)
Bitcoin (BTC)	$27,579.00	0.06%
Ethereum (ETH)	$1,648.88	-0.80%
Tether (USDT)	$1.00	-0.05%
BNB (BNB)	$212.78	-1.22%
XRP (XRP)	$0.53	4.63%
USDC (USDC)	$1.00	0.01%
Lido Staked Ether (STETH)	$1,647.78	-1.01%
Solana (SOL)	$23.65	-2.73%
Cardano (ADA)	$0.257594	-1.67%
Dogecoin (DOGE)	$0.061203	-1.18%

Tag: bankruptcy