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Bankruptcy news

Genesis will be able to sell 35 million shares of the GBTC fund

Bankrupt cryptocurrency company Genesis Global Trading has received authorization to sell shares of its convertible bitcoin-ETF to Grayscale Investments, Bloomberg reports.

FTX sells Digital Custody for $500,000, having previously purchased it for $10 mln.

Cryptocurrency exchange FTX, has filed a formal request for authorization to sell its subsidiary Digital Custody Inc (DCI). The company's legal representatives have filed the necessary..

Are Stablecoins Safe? A Look Into Stablecoin Risks

Unlike other crypto assets, stablecoins have fewer risks because they aren't typically affected by strong price swings. But with stablecoins growing in popularity in the last few years..

US DOJ indicted suspects involved in 2022 attack on FTX exchange

The US Federal Prosecutor's Office has charged three people with participating in fraud and committing theft.

The FTX exchange refused to relaunch the platform, to which the FTT token reacted by falling

Cryptocurrency exchange FTX has decided not to relaunch its platform and will instead embark on a liquidation process to reimburse its customers.

Terraform Labs CEO believes bankruptcy will make it easier to appeal SEC lawsuit

A statement from Chris Amani, CEO of Terraform Labs, suggests that the company's bankruptcy will serve as a catalyst for challenging actions taken by the U.S. Securities and Exchange..

Core Scientific returns to NASDAQ and plans to increase capacity to 1 GW.

Core Scientific, a bitcoin mining company, has announced its return to the NASDAQ stock exchange. Starting January 24, 2024, the company's shares will trade under the tickers CORZ, CORZW..

The FTX exchange sold 22 million shares of GBTC, gaining about $1 billion

According to a report from CoinDesk, bursting cryptocurrency exchange FTX has sold shares of its spot bitcoin fund ETF to Grayscale Investments for an impressive $1 billion.

Blockchain platform Terraform Labs files for Chapter 11 bankruptcy

Terraform Labs, a financially troubled company, recently filed a Chapter 11 bankruptcy petition in Delaware state court. The company's financial liabilities are estimated to be around $500..

Sam Bankman-Fried's parents ask that FTX's lawsuit be dismissed

The parents of former FTX CEO Sam Bankman-Fried have asked that the lawsuit filed against them by the company be dismissed. They claim that the plaintiffs are trying to "cash in" on the fact..

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