News list for "bankrupt"
Sullivan & Cromwell said internal safeguards were bypassed in the Prince Group case, resulting in fabricated and inaccurate legal citations.
The third wave of payments will occur on September 30.
According to Lookonchain monitoring, with bitcoin back above $116,000, in order to avoid liquidation, whale 0xa523 sold another 152 ETH (about $679) to increase margin, and the loss position squaring part of the BTC short position. In just one month, the address has lost $43.40 million, surpassing Aguila Trades, insider trader qwatio, and James Wynn as the biggest loser on Hyperliquid.
The US Bankruptcy Court for the Southern District of Texas recently rejected the bankruptcy exemption request of local resident Nathan Fuller, whose debts exceeding $12.50 million and future creditor claims must be fully borne. It is reported that Fuller once ran a cryptocurrency investment company Privvy Investments LLC, which is suspected of using "Ponzi scheme" to attract funds and use investors' money to buy luxury goods, pay for gambling trips, and...
The Korea Deposit Insurance Corporation (KDIC) has uncovered crypto assets worth 3 billion won (about $2.20 million) in an investigation of executives and employees of bankrupt financial firms. The discovery was made thanks to amendments to the Depositor Protection Act, which expanded the scope of asset investigations.
On August 23rd, according to HyperInsight monitoring, as Ethereum hit a record high and drove the market to break out, the three major contract trading whales James Wynn, AguilaTrades and insider trader @qwatio who had previously gone bankrupt (losing tens of millions of dollars to zero) have returned to participate in the market. The current position is as follows: · James Wynn still holds 25 times ETH multiple orders, the entry price is $4,239, and the floating profit is $20,000 · AguilaTrad...
According to a report in the Guardian, the US government's chaotic tariff policy is harming the interests of American agricultural producers, and a large number of American agricultural producers may face financial bankruptcy in the future. According to the American Federation of Farm Associations, the number of farm bankruptcies in the United States rose by 55% year-on-year in 2024, while the cash flow of many farms has been deteriorating in recent years. National Public Radio recently reporte...
Lawyer fees for the FTX bankruptcy have soared to $950 million, making it one of the most expensive Chapter 11 bankruptcies in U.S. history since Lehman Brothers.
February 17th news, according to @ai_9684xtpa monitoring, FTX bankruptcy auction of 11.20 million SOL (worth about 2.06 billion US dollars) will be unlocked on March 1, 2025. Previously, FTX sold a total of 41 million SOL through three auctions, the main buyers and their returns are as follows: Galaxy bought 25.52 million at $64 each, returning 187%; Pantera and other buyers bought 13.67 million at $95 each, returning 93%; Figure and other buyers bought 1.80 million at $102 each, returning 80%.
Coinbase has filed an amicus curiae brief in the ongoing bankruptcy of Prime Trust, urging the court to uphold the legal protection of client assets held by custodians. Paul Grewal, Coinbase's chief legal officer, released the document, stressing that client assets should not be included in the bankruptcy proceedings of custodians. The company advocates for the implementation of Article 8 of the Uniform Commercial Code (UCC), which ensures that assets held by the custodian belong to the custo...
