bankruptcy - Claimpayback

Prime Trust subsidiary files for bankruptcy in the US

0xMain
June 15, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Banq, a subsidiary of the Nevada-based crypto custodian Prime Trust, has filed for bankruptcy in a US bankruptcy court in Nevada, shortly after BitGo signed a letter of intent...

Bittrex files for bankruptcy in the United States

0xMain
May 9, 2023

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Crypto exchange Bittrex filed for Chapter 11 bankruptcy protection after announcing plans to leave the United States. The bankruptcy filing also comes nearly a month after the U.S. Securities and Exchange Commission (SEC) sued the company for violating securities laws. Bittrex enters bankruptcy...

Australian blockchain company files for bankruptcy month after layoffs

0xMain
May 8, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Australia-based blockchain company founded in 2015, Everledger, filed for bankruptcy after failing to provide the expected investors’ funds, according to a report by SmartCompany. The blockchain-powered platform was...

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FTX seeks to recover nearly $4b in bankruptcy case

0xMain
May 4, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a court petition published on May 3, insolvent crypto exchange FTX claimed insolvent Genesis Global Capital owed it roughly $4 billion. According to the lawsuit, Genesis was “largely...

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OPNX exchange slow to start in bankruptcy claims market

0xMain
April 5, 2023

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The recently launched OPNX, a bankruptcy claims exchange platform co-founded by former Three Arrows Capital executives, experienced minimal trading volume, raising questions about its customer acquisition strategy and market demand. Open Exchange (OPNX), a bankruptcy claims exchange platform, was launched on April 5...

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FTX had a 6.8b hole when it filed for bankruptcy

0xMain
March 18, 2023

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FTX, the defunct crypto exchange, had a $6.8b hole in its balance sheet when it declared bankruptcy last year. According to the group’s advisors, FTX’s debt includes a $10.6b deficit for the main FTX.com business and an $87m short for FTX.U.S. Alameda Research,...

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SVB parent company reportedly considering bankruptcy

0xMain
March 16, 2023

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SVB Financial Group, the parent company of troubled U.S. lender Silicon Valley Bank (SVB), is looking for ways to sell off its assets and is considering entering bankruptcy protection as one of its options. Bankruptcy filing as an option for selling assets According...

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FTX CEO billed $305,000 for February, bankruptcy lawyers cash in too

0xMain
March 7, 2023

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New FTX CEO John Ray III had a profitable February, with a payday of $305,000 according to new documents released to the public. Attachment 1 of document 811 filed by Kroll — the firm overseeing the FTX bankruptcy — shows that the firm’s...

FTX lawyers to make millions from bankruptcy case

0xMain
January 27, 2023

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FTX’s legal team is poised to reap millions from the ongoing FTX bankruptcy case. With the trial set to take place in October 2023, the team has under eight months to sort out the issue. The process is expected to take a lot...