An Idaho-based digital currency trader has been prevented from filing for Chapter 11 bankruptcy due to the terms of a court order secured against him by the U.S. Securities and Exchange Commission.
The bankruptcy trustee of failed exchange QuadrigaCX has said it will work to resolve a dispute between creditors before disbursing the firm’s remaining assets.
Cred is accused of operating as an “unlicensed hedge fund [...] rife with fraud and deception on ‘Madoff’ level proportions.”
Cred, the digital currency lending and borrowing service provider, has filed for chapter 11 bankruptcy due to fraud that impacted its balance sheet.
QuadrigaCX users are hoping that Cotton’s death may have been faked and he’s really still hiding somewhere in the world with all of their money.
After several months of battling local complaints about its operation, noise levels, and lack of job creation, Labrador City-based cryptocurrency mining firm Great North Data has shut down.
BCause had filed for reorganization but its creditors asked the court to turn it into liquidation. It will lay off 27 full-time employees.
It appears that Jennifer Robertson was able to find a way to make restitution after her deceased husband’s exchange fell into bankruptcy.
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
Cobinhood has reportedly gone under, succumbing to the issues that plagued a number of companies during the prolonged crypto winter.
New Zealand-based Cryptopia is closing after filing for bankruptcy, several months after the crypto exchange was hit with a $15 million hack.