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Judge Michael Wiles Approves Voyager Digital’s Liquidation Plan after Several Failed Acquisition Attempts

The company noted that its customers will have the possibility to use the Voyager app to begin requesting paybacks, which will take place in 30 days.  Bankrupt crypto lender Voyager Digital announced on Wednesday that its customers will recover about 35 percent of their initial deposit amid its liquidation plan. The

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FTX-Victim Trading Firm Auros Global Unveils $17M Investment, Exits Provisional Liquidation

After FTX imploded, and as fear among market participants mounted about a full-blown insolvency crisis in crypto, lenders raced to recall outstanding loans to mitigate potential losses. With a significant chunk of funds locked up on FTX, Auros faced a sudden liquidity crunch to repayall its desperate creditors. Source

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Crypto industry may escape lasting damage from Silvergate liquidation

Banks are the lifeblood of a nation’s economic system, and any bank collapse is disturbing. Last week saw two failures. On March 8, Silvergate Capital — the cryptocurrency-focused banking company — entered into voluntary liquidation. On March 10, United States regulators shut down and seized the deposits of tech-oriented Silicon Valley

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Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist – Bitcoin News

At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant financial troubles the bank faced, and the firm’s stock plummeted in value. Details of Silvergate’s Wind Down and Liquidation Plan Over the last six months,

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Hodlnaut founders propose selling the firm instead of liquidation

The founders of the troubled cryptocurrency lender Hodlnaut are trying to save the business despite creditors insisting on its liquidation.On Feb. 28, Hodlnaut’s interim judicial managers released the sixth affidavit of Hodlnaut co-founder Simon Lee reportedly stating the company’s founders proposed selling the business as a better option for creditors

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Silvergate Resorted to Staff Layoff, Asset Liquidation to Survive FTX-Triggered Crypto Meltdown

Crypto bank Silvergate had to undertake a 200-employee layoff and take other drastic measures to facilitate a withdrawal bank run. During the FTX-triggered crypto meltdown, Silvergate Bank scrambled to cover a massive withdrawal spate and also embarked on a substantial staff layoff. According to the Wall Street Journal, the crypto-focused bank offloaded assets at a

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