Tag: Bankruptcy

Bitmain’s Strategic Move Amid Bitcoin Mining Industry Shake-Up

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September 22, 2023

Bitmain, one of the leading players in the industry, has announced a substantial deal with Core Scientific, a company that recently faced bankruptcy. Under this arrangement, Bitmain will provide Core…
Bankrupt FTX Has Recover $7 Billion In Liquid Assets

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June 26, 2023

FTX has made a remarkable recovery by claiming to regain over $7 billion in liquid assets. After filing for bankruptcy in November 2022, FTX found itself in a dire liquidity crisis that…
IRS Files $44 Billion Claim Against FTX and Its Affiliates in Bankruptcy

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May 11, 2023

The Internal Revenue Service (IRS) in the United States has filed claims worth almost $44 billion against the estate of bankrupt cryptocurrency exchange FTX and its affiliated companies. The claims…
Celsius Network Plans Merger of US and UK Entities

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May 3, 2023

Latet Bitcoin Price BITCOIN by TradingView Celsius Network, the defunct crypto lender, is planning to merge its United Kingdom and United States entities as new court filings allege that any…
FTX Bounces Back Considers Relaunch in Q2?

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April 13, 2023

Six months after FTX’s collapse, the bankrupt cryptocurrency exchange has reportedly recovered $7.3 billion in both cash and digital assets, sparking hopes of a potential relaunch in Q2. According to…
OKX Agrees to Turn Over $157 Million in Frozen FTX Assets to Debtors

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March 31, 2023

In recent news, OKX, the second-largest cryptocurrency exchange by trading volume, has announced that it will turn over $157 million in frozen assets tied to FTX and Alameda to debtors….

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