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Japan’s FSA Eyes Legislation to Shield Local Crypto From Bankruptcy Losses Overseas

Japan's FSA (Financial Services Agency) is drafting legislation to stop domestic cryptocurrency from being circulated abroad in the event of bankruptcy. According to local media...
Exchange News

FTX Unstakes Over $1 Billion Worth Of Solana Amid Bankruptcy Proceedings

FTX, the bankrupt cryptocurrency exchange, and its trading arm, Alameda Research, have unstaked over $1 billion worth of SOL tokens in recent months. This...
News

Rhodium Encore Secures Unique Financing Amid Bankruptcy

Bankrupt crypto mining company, Rhodium Encore LLC, received court approval on Friday for a rare financing option to support its Chapter 11 bankruptcy proceedings....
Exchange News

Celsius Network Distributes $2.5B To Creditors Amid Bankruptcy Closure

According to the data of Akhram, Celsius Network has successfully distributed over $2.5 billion to more than 250,000 creditors, as a part of its...
Bitcoin News

Bitcoin Mining Company Rhodium Enterprises Files Chapter 11, Holds $50M- $100M Dept

Rhodium Enterprises, a well-known Bitcoin mining firm, has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District...
Bitcoin News

Genesis Trading Moves $1.5B In Bitcoin & Ethereum For Creditor Repayments

Genesis Trading, a prominent player in the cryptocurrency lending space, has recently moved 16,600 BTC (worth approximately $1.1 billion) and 166,300 ETH (worth $521.1...
Exchange News

Digital Currency Group pays off a whooping $700m of debt with Genesis

Digital Currency Group, a venture capital group based out of Connecticut, United States has now paid and cleared all of its dues to bankrupt...

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