Latest News Of bankruptcy Tag

BTC miner in the US ordered to liquidate assets

Business 11 October 2019

BTC miner in the US ordered to liquidate assets

BCause had filed for reorganization but its creditors asked the court to turn it into liquidation. It will lay off 27 full-time employees.

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QuadrigaCX founder’s widow hands over $9M in assets to repay users

Business 8 October 2019

QuadrigaCX founder’s widow hands over $9M in assets to repay users

It appears that Jennifer Robertson was able to find a way to make restitution after her deceased husband’s exchange fell into bankruptcy.

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Bankrupt QuadrigaCX exchange forced to pay $1.2 million in legal fees

Business 1 August 2019

Bankrupt QuadrigaCX exchange forced to pay $1.2 million in legal fees

The story asserted that its financial woes were caused by banking partners and discovered that the millions of dollars reportedly held for users by the platform had most likely been mismanaged

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Cobinhood exchanges reportedly goes bust—or not

Business 23 May 2019

Cobinhood exchanges reportedly goes bust—or not

Cobinhood has reportedly gone under, succumbing to the issues that plagued a number of companies during the prolonged crypto winter.

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Critical hack pushes Cryptopia exchange over the brink of liquidation

Business 16 May 2019

Critical hack pushes Cryptopia exchange over the brink of liquidation

New Zealand-based Cryptopia is closing after filing for bankruptcy, several months after the crypto exchange was hit with a $15 million hack.

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It’s official: Embattled Canadian exchange QuadrigaCX enters bankruptcy

Business 10 April 2019

It’s official: Embattled Canadian exchange QuadrigaCX enters bankruptcy

Canadian cryptocurrency exchange QuadrigaCX has been declared bankrupt following a failed attempt to restructure the firm.

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QuadrigaCX could soon be moved into bankruptcy

Business 3 April 2019

QuadrigaCX could soon be moved into bankruptcy

Ernst and Young has submitted a proposal to the courts suggesting the company’s restructuring should be move to bankruptcy proceedings.

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South Korea’s crypto exchange Coinbin folds after massive embezzlement

Business 25 February 2019

South Korea’s crypto exchange Coinbin folds after massive embezzlement

The exchange has suffered million-dollar losses after the individual charged with maintaining crypto balances reportedly embezzled its funds.

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QuadrigaCX customers may be one step closer to finding relief

Business 20 February 2019

QuadrigaCX customers may be one step closer to finding relief

The saga surrounding the QuadrigaCX cryptocurrency exchange out of Canada continues to move forward as law firms Miller Thomson and Cox & Palmer will represent more than 100,000 customers of the crypto exchange in the coming weeks.

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NEM Foundation is almost bankrupt

Business 31 January 2019

NEM Foundation is almost bankrupt

The NEM blockchain, which is behind the NEM (XEM) cryptocurrency, isn’t doing so well.

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Giga Watt woes continue: Bankrupt miner forced to shut down operations

Business 17 January 2019

Giga Watt woes continue: Bankrupt miner forced to shut down operations

Embattled cryptocurrency miner Giga Watt has been dealt another serious blow, with the news that the firm has been forced to shutter its day-to-day operations with immediate effect.

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UK-based crypto platform Cubits could be facing closure

Business 13 December 2018

UK-based crypto platform Cubits could be facing closure

The UK-based cryptocurrency trading platform Cubits was one of several that lost a considerable amount of money from fraudulent activity this year.

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