Bankruptcy – Bold Players

Crypto community voices skepticism over OPNX x 3AC Ventures partnership

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Voyager Digital bankruptcy administrators rubber stamp 36% partial withdrawals

Prime Trust subsidiary Banq declares bankruptcy

Banq, a subsidiary of crypto custodian Prime Trust, filed for bankruptcy in the U.S. District Court of Nevada on June 13. Banq specializes in payment processing for cryptocurrency businesses. In the bankruptcy filing, the firm listed assets of $17.72 million and liabilities amounting to $5.4 million. The timing of the bankruptcy filing is notable, coming…

BlockFi has to update wallet, platform before distributing funds

Do Kwon saga erupts into Montenegrin political scandal

BitGo to acquire 100% equity in Prime Trust parent following latter’s bankruptcy rumors

Genesis granted plan extension; judge says FTX can’t take part in mediation

FTX files objection to Genesis after being snubbed in $0.00 claim estimate

Silvergate to submit shutdown plan in coming days after Federal Reserve order

The Federal Reserve Board said June 1 that it issued a consent order to the crypto-friendly bank Silvergate, instructing it to wind down operations. Must protect depositors Silvergate Capital Corporation and Silvergate Bank must submit a shutdown plan to supervising agencies within ten days of the June 1 order. Silvergate must then adopt its plan…

FTX has paid over $100M to lawyers and consultants handling its bankruptcy case

The FTX debtors said they had paid the 14 consultancy firms and the law firms handling its bankruptcy case over $100 million as of April 30, according to a May 30 court filing. Sullivan & Cromwell is top earner According to the filing, FTX paid law firm Sullivan & Cromwell (S&C) $39.58 million for its…