Tag: Bankruptcy

BlockFi announced on an X post that these distributions will start in July and last in batches over the next months.

BlockFi filed for Chapter 11 bankruptcy protection in 2022, attributing its financial challenges to the collapse of FTX the same year.

FTX has placed a reverse termination fee of $50,000 to safeguard against any potential transactional hiccups in the sale of the subsidiary.

The NBA has been sued for approving the deal between Dallas Mavericks and bankrupt crypto lending firm Voyager Digital.

Bakkt said that its cash and restricted cash are not enough to allow it to continue operations for the course of the next twelve months. 

Former SEC official John Reed Stark sarcastically said that each member of the FTX legal team can now afford a beach house.

Celsius Network has decided to wind down operations and discontinue its mobile and web applications by February 28.