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Category Bankruptcy

MainNewsBankruptcy
Former Cred Executives Plead Guilty to Wire Fraud in Crypto Lender’s Collapse

Former Cred Executives Plead Guilty to Wire Fraud in Crypto Lender’s Collapse

Former CEO Daniel Schatt and CFO Joseph Podulka admit to misleading investors in one of the earliest and most damaging crypto lending failures of 2...
FTX EU victims can now withdraw trapped Euros via Backpack but crypto withdrawals remain blocked

FTX EU victims can now withdraw trapped Euros via Backpack but crypto withdrawals remain blocked

Backpack has officially opened the withdrawal window for former FTX EU customers, marking a major step in returning lost funds to the defunct excha...
FTX missed out on $500 million after selling Anysphere’s Cursor AI stake for just $200K

FTX missed out on $500 million after selling Anysphere’s Cursor AI stake for just $200K

Bankrupt FTX has missed out on nearly half a billion dollars in potential profit after liquidating its early stake in Anysphere, the company behind...
Ex-Celsius CEO Alex Mashinsky Seeks 1-Year Sentence, Rejects DOJ’s 20-Year Proposal

Ex-Celsius CEO Alex Mashinsky Seeks 1-Year Sentence, Rejects DOJ’s 20-Year Proposal

Former Celsius CEO Alex Mashinsky is seeking a one-year prison sentence, sharply contesting the Department of Justice’s (DOJ) recommendation of 20 ...
FTX pursues NFT Star and Delysium to recover millions in missing tokens

FTX pursues NFT Star and Delysium to recover millions in missing tokens

FTX has launched new legal action against NFT marketplace NFT Star and AI platform Delysium, stepping up efforts to recover missing assets for its ...