Data Shows Shocking Blockchain Industry Bankruptcies of 2023
In 2023, RootData reported 120 failed blockchain initiatives, disrupting the blockchain industry. This news has shaken the crypto community. This wave has seen Prime Trust,…
Posts Tagged: Bankruptcy
Bankruptcy Triggers 50% Decline in SafeMoon (SFM) Token Value
After filing for Chapter 7 bankruptcy, SafeMoon’s (SFM) token value dropped 50% in five hours. Several difficulties, including the US Department of Justice’s arrest of…
Voyager Creditors Issue Subpoena to SBF for Remote Deposition
Advocates for Voyager’s Unsecured Creditor have demanded to have the former chief executive officer of FTX, Bankman Fried, and a number of top-level officials from…
Celsius Names Eligible Users for Asset Withdrawal Amid Bankruptcy
The now-defunct cryptocurrency lending site Celsius has released a list of customers who can get most of their frozen funds back. The court has given…
Celsius Goes through Criticism for Sluggish Recovery Strategy
In the present bankruptcy hearing of Celsius Network (defunct lending firm), it has disclosed a strategy to quit the procedure. The firm plans to rebrand…
Genesis and Its Lending Sub-Branches Submit a Chapter 11 Bankruptcy Filing
FurthuuGenesis has submitted a Chapter 11 bankruptcy filing under the US States Bankruptcy Court for the Southern District of New York. The platform is reportedly…