This year has seen more than its share of market meltdowns due to surprising news about poorly managed crypto businesses. FTX, the world's fourth-largest crypto exchange, is the newest seismic disturbance, considered an industry mainstay until early November. Let's...
bankruptcy
Alameda Research withdrew $204 million before declaring bankruptcy
According to Arkham Intelligence's study, more than half of the assets moved after November 6 were in USD-pegged stablecoins. According to an investigation released on Nov. 25 by blockchain firm Arkham Intelligence, Alameda Research took more than $200 million from...
To avoid bankruptcy, Genesis hires a restructuring consultant.
Moelis & Company is said to have been hired to assist the ailing lending business in exploring all possibilities. Genesis Global Capital, a cryptocurrency lending business, has apparently recruited a restructuring counsel to investigate all conceivable...
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