News list for " bankruptcy proceedings"

BlockFi completes FTX debt sale, prepares for final creditor distribution

BlockFi has confirmed the sale of its FTX claims as the bankruptcy process for the defunct centralized cryptocurrency lender nears completion. Mohsin Y. Meghji, BlockFi program administrator and managing partner of M3 Partners, reported the sale to the U.S. Bankruptcy Court of New Jersey on Monday, according to a statement. Meghji said the sale process began on June 24 and ended on July 10 after the "highest and best bid" was determined to be "substantially above par" and monetized through an un...

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2024-07-23 09:40:51
Swiss financial marekt closes crypto bank FlowBank and starts bankruptcy proceedings

The Swiss financial marekt regulator (FINMA) has taken the decision to shut down FlowBank, a Swiss online bank that provides cryptocurrency services to clients, saying the bank no longer has enough capital to sustain its banking operations and there are good reasons to be concerned that the bank is currently over-indebted and has no prospect of restructuring. It is reported that Swiss law firm Walder Wyss has been appointed as the bank's insolvency liquidator by FINMA.

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2024-06-13 22:11:08
FTX lawyers and advisors have so far charged more than $500 million in bankruptcy proceedings

As bankruptcy costs continue to rise, FTX attorneys and advisors have approved more than $500 million in fees from the bankruptcy estate, and the agency tasked with overseeing the bankruptcy process is understood to have requested more than $700 million in fees and expenses, though many requests have been slashed by 20 percent and some have yet to be approved. Sullivan and Cromwell, special counsel for FTX bankruptcy cases, topped the list with an approval fee of $254 million (though its billing...

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2024-05-30 16:42:32

7x24 Newsflash

09:13 2025-04-04
Yoon Seok-hyuk was ousted as South Korean president
On April 4, according to Xinhua News Agency, the acting president of the Constitutional Court of South Korea, Moon Jiongpei, read out the impeachment ruling. Eight judges of the Constitutional Court unanimously agreed to remove Yoon Seok-hyuk. Yoon Seok-hyuk became the second president in South Korea's constitutional history to be removed after Park Geun-hye. After that, South Korea must hold a new general election within 60 days. Yoon Seok-hyuk did not attend the sentencing. The sentencing proc...
09:10 2025-04-04
French officials: will respond to US tariff measures, not limited to raising tariffs against the United States
Erik Lombard, France's economy and finance minister, said in an interview that he advocated support for companies affected by the tariffs. He said France's current response to the US tariffs, which are being developed to include a tax on digital services, increased regulation and targeted tax instruments, could go beyond raising tariffs.
09:01 2025-04-04
A whale dormant for 1.6 years unlocks more than 63,000 SOLs deposited into Kraken, earning $6.20 million
According to Onchain Lens, after 1.6 years of dormancy, a whale unlocked 63,081.6 SOL (worth about $7.49 million) and deposited it on the Kraken exchange. It is reported that the whale made about $6.20 million from this operation.
08:46 2025-04-04
CertiK Alert: AIRWA lost about $34,000
On April 4th, according to the monitoring of CertiK Alert, the AIRWA project was attacked on the BSC network and lost about 34,000 US dollars. The attacker used the public setBurnRate () function in the contract to modify the parameters to burn AIRWA tokens and make a profit.
08:37 2025-04-04
CryptoQuant: BTC has reached a critical midpoint in March 2024 and is currently approaching the peak of the bull cycle
Crypto Dan, an analyst at CryptoQuant, said the change in the share of bitcoin trading volume over a 6- to 12-month period reflects the inflow of funds and is closely related to market movements. Typically, the first drop in the indicator marks the end of the early stages of a bull market, followed by another drop to lower levels, which means the end of the bull cycle. Bitcoin reached a critical midpoint in March 2024 and is now gradually approaching the peak of the current bull market cycle.
08:31 2025-04-04
Spot gold fell 1.00% during the day to $3082.16 an ounce
Spot gold fell 1.00% during the day and is now trading at $3082.16 an ounce.
08:24 2025-04-04
South Korean Finance Minister: Until a new president is elected, the economy will be managed as stably as possible
"Until a new president is elected, I will manage the economy as stably as possible," the finance minister said.
08:12 2025-04-04
Greeks.live: 26,000 BTC and 220,000 ETH options expire soon, implied volatility rises significantly
On April 4th, according to Greeks.live data, 26,000 BTC options and 220,000 ETH options expired, and the biggest pain points were $84,000 and $1850 respectively. Implied volatility increased significantly, BTC term volatility exceeded 50%, and ETH remained near 65%. Market sentiment was depressed, the probability of black swan events increased, and the proportion of put options traded and held continued to grow.
08:00 2025-04-04
BTC breaks through $84,000
The market shows that BTC has broken through $84,000 and is now quoted at $84011.99, with a 24-hour increase of 0.63%. The market is volatile, so please do a good job in risk control.
07:39 2025-04-04
CryptoQuant: Increasing economic uncertainty has led to a decline in demand for BTC and ETH, with the market focusing on non-agricultural data
On April 4th, according to CryptoQuant data, before Trump's speech, bitcoin, ethereum and XRP funds flooded into the exchange, indicating that investors intended to cash out. Bitcoin single block trading volume once reached 2500 BTC, Ethereum flowed into the exchange per hour up to 80,000 ETH, XRP flowed into 130 million coins per hour, far exceeding the previous day's level of less than 10 million per hour. In addition, Coinbase in the United States also observed that bitcoin deposits...
07:18 2025-04-04
BTC breaks through $83,500
The market shows that BTC has broken through $83,500 and is now quoted at $83,542.47, with a 24-hour increase of 0.54%. The market is volatile, so please do a good job in risk control.
07:18 2025-04-04
Over $3
The market shows that the 0021 broke through $3 and is now quoted at $3.01, with a 24-hour increase of 10.66%. The market fluctuates greatly. Please do a good job in risk control.