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Bankruptcy
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CryptoCurrency
FTX Saw ‘Complete Failure of Corporate Controls’ under Bankman-Fried
2022-11-17T21:21:51.630+02:00
John Ray III stated this in a new court filing dated Thursday.
Corporate funds were used to purchase homes for employees, the new CEO says.
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Solomon Oladipupo
CryptoCurrency
BlockFi on the Brink of Bankruptcy? Another Victim of FTX Collapse
2022-11-16T13:01:33.684+02:00
The crypto lender plans to lay off staff and go bankrupt, according to WSJ.
It is another potential move after freezing deposits last week.
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Damian Chmiel
CryptoCurrency
FTX’s Bankruptcy: AZA Finance Denounces Listing of Its Entities in Filing
2022-11-12T17:52:03.276+02:00
AZA Finance said 23 of its entities were erroneously listed in the filing.
FTX listed FTX.com, FTX.US, Alameda Research and approximately 130 affiliated companies.
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Solomon Oladipupo
CryptoCurrency
Troubled FTX Files for Bankruptcy as CEO Sam Bankman-Fried Resigns
2022-11-11T17:27:56.142+02:00
Bankman-Fried has been replaced by John J. Ray III.
The bankruptcy proceeding includes FTX.com, FTX.US, Alameda Research and 130+ affiliates.
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CryptoCurrency
FTX US Deal with Voyager Offers 72% Funds Recovery
2022-10-20T10:46:35.637+02:00
Voyager filed for Chapter 11 bankruptcy on July 4.
On September 28, FTX US won a bid to acquire the company's digital assets.
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Damian Chmiel
FinTech
Nuri (Previously Bitwala) Is Closing Down
2022-10-19T10:59:28.871+02:00
The company failed to raise funds or find an acquirer.
It entered into insolvency three months ago.
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Arnab Shome
CryptoCurrency
FTX and Alameda Ventures Propose to Provide Early Liquidity to Voyager's Customers
2022-07-24T15:40:08.037+02:00
FTX strives to seal the transaction by 17 August 2022.
3AC loans to be excluded from the joined offer.
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Matti Williamson
FinTech
FCA Says Alexander David Securities Has Appointed Joint Liquidators
2022-07-04T16:11:14.416+02:00
Shane Cooks, Emma Sayers and Malcolm Cohen of BDO LLP to serve as joint liquidators.
Eligible clients to get up to £85,000 from FSCS.
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Solomon Oladipupo
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News
Coronavirus Pushes German Fintech Monedo to Go Bankrupt
2020-09-14T13:46:11.000+02:00
The startup was once a high-flying fintech in the country.
Previously, the startup harvested public data to evaluate the risks of potential customers
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Arnab Shome
Payments
Wirecard AG to Cut 730 Jobs as Insolvency Proceedings Commence
2020-08-26T06:08:38.000+02:00
Michael Jaffé has been appointed as the insolvency administrator by the Munich District Court.
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Celeste Skinner
Brokers
USGFX Administrators Have Real Concerns Over True Financial Position
2020-07-30T09:58:37.000+02:00
The amount of creditor claims far surpasses what was disclosed in USGFX’s financial records.
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Celeste Skinner
News
Wirecard Files for Insolvency with Missing €1.9 Billion
2020-06-25T13:05:39.000+02:00
Trades on the company’s shares have been suspended on Frankfurt exchange.
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Arnab Shome
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News
Fcoin to Resume Operations with Compensation Promises
2020-02-27T15:35:19.000+02:00
Whether the exchange can run successfully is still under question.
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Arnab Shome
Regulation
FSCS to Return Funds to Eligible Clients of SVS Securities
2019-11-04T14:10:45.000+02:00
The FSCS is currently working with the special administrators to find the best way to return the money.
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Celeste Skinner
Prime Brokerage
Director Confirms PoP Broker GCM Prime is Solvent
2019-10-31T09:53:49.000+02:00
The solvency statement was filed through the UK’s Companies House.
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Celeste Skinner
Brokers
Exclusive: ayondo German Subsidiary Files for Insolvency
2019-09-05T13:23:14.000+02:00
The group, which has raised S$10 million since the filing, said "deteriorating conditions" in Europe were to blame
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David Kimberley
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News
Cryptopia Owes At Least $2.7 Million to Its Creditors
2019-05-31T13:10:07.000+02:00
The exchange’s liability to its customers for their deposits is still unknown.
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Arnab Shome
News
Rumors of Bankruptcy, Exit Scam Swirl Around Cobinhood
2019-05-22T09:33:32.000+02:00
Crypto community members are coming after Cobinhood with torches raised; the exchange still hasn't addressed their concerns.
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Rachel McIntosh
News
QuadrigaCX & Parent Companies Owe $359 Million, Report Says
2019-05-13T08:34:07.000+02:00
Quadriga's court-appointed monitor has been unable to locate the majority of the funds allegedly in the exchange's possession.
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Rachel McIntosh
News
Mt Gox Explains Cryptocurrency Sale as Measure Taken to "Secure Interests"
2018-09-25T12:42:42.000+02:00
Tens of thousands of BTC and BCH was sold by the bankruptcy trustee, making 25.9 billion yen for the trust.
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Simon Golstein
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Brokers
12 LQD Markets Clients Face Dire Debt Collection Prospects
2018-08-29T13:20:13.000+02:00
The special adminitrators have raked in over £411,000 of fees to date and expect another £74,000.
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Victor Golovtchenko
Brokers
Global Brokerage Emerges from Bankruptcy, New Notes Due in 2023
2018-02-09T08:22:16.000+02:00
The company has completed its plan to restructure its obligations
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Victor Golovtchenko
Brokers
Breaking: Global Brokerage Files for Bankruptcy, NASDAQ Delisting Pending
2017-11-11T03:06:15.000+02:00
FXCM Group is not related in any way to the chapter 11 filing.
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News
Mark Karpeles Could Still be Filthy Rich after Mt Gox Trial Ends
2017-11-09T23:30:48.000+02:00
The CEO of the most controversial exchange in the cryptocurrency arena could still be worth millions.
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Victor Golovtchenko
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Regulation
MF Global’s Former Insurer Allied World Faces $15m Bond Reconciliation
2017-07-18T21:44:16.000+02:00
Nearly six years after its collapse, MF Global is still causing legal headaches.
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See more
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