Cryptocurrency Analysis and News Portal
Cred’s bankruptcy has left hundreds of depositors who loaned the company more than $100 million worth of crypto wondering if and when they’ll get their money back. The company’s bankruptcy filing primarily blames its woes on alleged fraud by an outside investment manager whom Cred entrusted with 800 BTC, worth a
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A South African high court has declared an alleged bitcoin scam mastermind, Willie Breedt, bankrupt. The court decision follows an application by one disgruntled investor, Simon Dix, a News24 report states.Willie Breedt is the CEO of the defunct Vaultage Solutions (VS), the company at the center of the alleged
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Willie Breedt, a South African national accused of stealing up to $16.3 million from around 2,000 investors via his VaultAge Solutions scheme, has reportedly been forced into bankruptcy by a local court.According to a recent report from News24, the sequestration order was initiated on July 3 by Simon Dix —
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The COMP governance token is seeing massive gains (increasing more than 270% day over day, according to CryptoX’s First Mover team), as well as potential listings on Coinbase Pro and CoinFlip, a crypto ATM network. This wild, retail-driven speculation is also driving value into Compound’s smart contract. With $395 million locked up, Compound is gunning for
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BlackRock CEO Larry Fink warned against mass bankruptcies and a stock market downtrend in early May. Hertz, which was valued at $2.8 billion in February 2020, filed for Bankruptcy. Many of the 30.2 million small businesses are at risk of bankruptcies. When the U.S. stock market was rallying earlier
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The coronavirus outbreak is having a sizable impact on the Chinese economy. Car sales have slumped and will probably stay subdued for the entire year. Chinese electric car-maker—Nio—was already cash strapped, and the coronavirus outbreak will likely push it into bankruptcy. The growing number of coronavirus cases has crippled the Chinese economy. All
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The death of the founder of the now-defunct Canadian crypto exchange QuadrigaCX, Gerald Cotten, earlier this year has resurfaced in the news as Miller Thomson LLP has requested the Royal Canadian Mounted Police to conduct postmortem autopsy on the body.Legal representatives of consumers of the bankrupt cryptocurrency exchange have requested
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The firm behind a purportedly Estonia-based cryptocurrency exchange DX.Exchange is ceasing operations following a petition filed by employees.CX Technologies, the Israeli company operating DX.Exchange, entered bankruptcy after 78 of its employees filed a petition against the company with an Israeli court, the Times of Israel reported on Nov. 24. The
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