Rhodium Enterprises Files for Chapter 11 Bankruptcy Amid Financial Struggles
#Rhodium Enterprises files for Chapter 11 bankruptcy with $50M-$100M in liabilities after missing a $54M #loan repayment. #Bitcoin #CryptoNews
Bankruptcy
Celsius Network Sues Tether Over $2 Billion Bitcoin Collateral Dispute
Celsius Network sues #Tether over the alleged misuse of #Bitcoin collateral that led to #bankruptcy and seeks to recover funds.
BlockFi Begins Interim Crypto Distributions via Coinbase
#BlockFi begins crypto payouts via #Coinbase in July after bankruptcy. Non-US clients excluded due to regulatory issues. #CryptoNews
Judge Approves FTX’s Sale of Anthropic Stake Worth $1.4B
🚨 FTX gets green light from U.S. Bankruptcy Judge to sell its 7.84% stake in AI startup Anthropic, potentially worth over $1.4B. A significant move amidst bankruptcy proceedings. #FTX #Anthropic #AInvestment
Voyager Relocates Major Assets to Coinbase Amid Bankruptcy
🚨 Bankrupt Voyager’s strategic play: Significant assets, comprising 1,500 ETH and 250 billion SHIB, now shifted to Coinbase. Yet, they possess a hefty $81.63M. What’s next for them? #CryptoUpdate #VoyagerMoves
Bankrupt Voyager Digital Returns 35% of User Crypto Deposits
Voyager Digital’s bankruptcy plan gets the green light, users to recover 35% of their crypto deposits. A rough ride for the crypto lending platform! Stay cautious, stay safe. #VoyagerDigital #CryptoNews
Lack of Investor Funds Pushes Everledger Into Bankruptcy
Everledger has filed for liquidation and bankruptcy due to lack of investor funds. Read more to learn more about the incident.
Genesis Aims for Creditor Deal in Days or Mediator
Crypto lender Genesis will either have a deal with creditors owed about $3B, or it will ask the judge overseeing its bankruptcy to appoint a mediator.
SEC Objects to Binance.US on Voyager Acquisition Plan
The SEC, U.S Trustee, and state regulators from New Jersey have all filed motions objecting to Binance US’s acquisition of Voyager. Read CNL for more.
Grayscale Looming Bankruptcy Has Possible Adverse Outcomes
A recent tweet from CNL reveals how the cryptocurrency sector would be impacted if grayscale and its affiliates experienced a liquidity crisis. Read more.
Bahamas Regulator Holds $3.5B in FTX User Assets
The Bahamian Securities Commission has been holding user money totaling $3.5 billion, as stated in a recent news release. Read CNL for more.
Core Scientific Falls to 78M Market Cap, Bankruptcy Loom
According to a recent report, Bitcoin miner Core Scientific confirmed that it is possible for it to file for bankruptcy before the end of the year.
