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The regulator asserted its claims should be counted as part of "general unsecured claims" in the ongoing Chapter 11 bankruptcy proceedings, but agreed to forego the payment "in order to maximize the amount that may be distributed to investors and avoid delay in such distribution," according to the agreement reached
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On Jan. 17, 2023, FTX Trading Ltd. and affiliated debtors updated the public and detailed that the firm’s current administrators have discovered $5.5 billion of liquid assets to date. Top-level executives, including the new FTX CEO and chief restructuring officer, John J. Ray III, met with the bankruptcy case’s committee
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On Nov. 28, 2022, the crypto lender Blockfi informed the public via a press release that the company has voluntarily petitioned for Chapter 11 bankruptcy protection. Blockfi is now one of many digital currency businesses dealing with significant financial hardships and bankruptcy proceedings in 2022. Blockfi Voluntarily Petitions for Chapter 11
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BNB100X is a high-yield farming DApp on the Binance Smart Chain. It allows users to maximize their crypto holdings by receiving a steady return on investment. Investment duration ranges from 7 days to 30 days with a 119% return to as high as 234% return. It is one of the
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Top crypto exchange Bitrue recently announced a new feature that will provide crypto investors with more opportunities to benefit from the growing industry. Bitrue’s new Yield Farming Hub will enable users to take their cryptocurrencies to generate more by using a similar mechanism to that of popular DeFi platforms. The crypto
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