Category: Bankrupt
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Tether In Legal Battle With Bankrupt Crypto Lender Celsius
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A series of high-profile legal battles have rocked the cryptocurrency industry, with the latest involving two major players — Tether, the issuer of the world’s largest stablecoin USDT, and bankrupt crypto lending platform Celsius Network. At the heart of the dispute is a controversial allegation of alleged improper liquidation of…
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Tether In Legal Battle With Bankrupt Crypto Lender Celsius
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A series of high-profile legal battles have rocked the cryptocurrency industry, with the latest involving two major players — Tether, the issuer of the world’s largest stablecoin USDT, and bankrupt crypto lending platform Celsius Network. At the heart of the dispute is a controversial allegation of alleged improper liquidation of…
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Three Arrows Demands $1.3 Billion From Bankrupt Terraform Labs
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TerraForm Labs, the mastermind behind the controversial TerraUSD and LUNA coins, is now said to have been the target of a malicious attack. Three Arrows Files $1.3 Billion Lawsuit Capital (3AC) is trying to offset the damage caused by the catastrophic collapse of digital assets in May 2022. Once a…
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Three Arrows Demands $1.3 Billion From Bankrupt Terraform Labs
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TerraForm Labs, the mastermind behind the controversial TerraUSD and LUNA coins, is now said to have been the target of a malicious attack. Three Arrows Files $1.3 Billion Lawsuit Capital (3AC) is trying to offset the damage caused by the catastrophic collapse of digital assets in May 2022. Once a…
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Bankrupt Crypto Lender BlockFi to Commence Repayments This Month
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BlockFi, a bankrupt cryptocurrency lender, has announced a major step in its efforts to repay its customers. In a post on X on Wednesday, the lender noted that the first interim distribution of funds to customers through Coinbase will begin this month. According to BlockFi, the temporary distribution will take…
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Bankrupt Crypto Lender BlockFi to Commence Repayments This Month
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BlockFi, a bankrupt cryptocurrency lender, has announced a major step in its efforts to repay its customers. In a post on X on Wednesday, the lender noted that the first interim distribution of funds to customers through Coinbase will begin this month. According to BlockFi, the temporary distribution will take…
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Bankrupt Crypto Lender Genesis to Repay $3 Billion to Creditors
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US Bankruptcy Judge Sean Lin approved Genesis Global’s Chapter 11 liquidation plan on Friday, enabling the bankrupt cryptocurrency lender to return nearly $3 billion in cash and cryptocurrencies to its creditors. This ruling means that the parent company, Digital Currency Group (DCG), will not recover anything from the bankruptcy proceedings.…
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Bankrupt crypto lender Genesis gets OK to return billions in tokens and cash to creditors, meaning parent firm DCG ‘is out of the money’
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Bankrupt cryptocurrency bank Genesis Global Capital has won court approval for its plan to distribute billions of dollars in digital assets and cash to creditors, overcoming a legal ruling. challenge It was introduced by the company’s parent cryptocurrency group. Judge Sean Lin said late Friday that he will confirm Genesis’…
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Bankrupt Crypto Exchange FTX Lines Up $16 Billion To Repay Creditors
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bankrupt cryptocurrency exchange, FTX he have unveil A new payment plan aimed at Payment of creditors And clients are offering billions in compensation for the time value of their investments. FTX fully compensates clients In a press release on May 7, FTX a statement It will pay 98% of its…
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US Healthcare Landlord Medical Properties Trust’s Largest Tenant Steward Health Goes Bankrupt, Sparks Regulatory Concerns
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US Healthcare Landlord, Largest Tenant of Medical Properties, Largest Tenant, Host Health, Goes Bankrupt, Raising Regulatory Concerns Trust Company for Medical Properties (NYSE:MPW) lessee Steward Healthcare It fell into Chapter 11 bankruptcy, posing significant financial risks to hospitals in eight states. State regulators, concerned about the precarious situation, have stepped…