Tag: bankruptcy
FTX Bankruptcy Filings Expose $53,000 Per Hour Drain on Legal Advisors
Cryptocurrency exchange FTX, now defunct, faced substantial legal costs, burning through $53,000 per hour on bankruptcy lawyers and advisers.
Court filings from December...
Bankrupt crypto exchange platforms that intensified the 2022 crypto winter
The FDIC often ensures that if a bank falls, it can insure deposits allowing its users to access their funding. Unfortunately, bankrupt crypto...
Genesis joins the list of bankrupt crypto companies
The crypto lender Genesis initially started as a subsidiary of the Digital Currency Group by Barry Silbert in 2013.
Genesis officially filed for...