bankruptcy

Reasons Why FTX Went Bankrupt

Reasons Why FTX Went Bankrupt

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...

Alameda Research withdrew $204 million before declaring 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.

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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