Justin Sun claims FDUSD insolvent, rides to TUSD’s rescue
Justin Sun’s attack on the entity’s solvency supporting the FDUSD stablecoin draws questions back to his own relationship…
Browsing Tag
Insolvency
22 posts
Wazirx Fast-Tracks INR Withdrawals but Users Face 6-Month Crypto Trading Delay
Indian crypto exchange Wazirx has accelerated Phase 2 of INR withdrawals after a cyberattack on July 18. Initially…
Wazirx Files for Moratorium in Singapore Court to Address Users’ Crypto Balances
Indian crypto exchange Wazirx has announced that a moratorium has been filed in Singapore’s High Court under the…
Court-appointed insolvency firm takes over HectorDAO after $2.7M hack
Interpath Advisory has taken control of the HectorDAO Treasury after allegations of an ‘inside job’ hack. Czytaj więcej…
Crypto Collapse: Prime Trust’s Fall From Grace and the Disappearing Wallet Mystery
After Prime Trust filed for bankruptcy protection, the company’s interim CEO Jor Law cited excessive spending, losses on…
Three Arrows Capital Liquidator May Try to Claw Back About $1.2B From DCG, BlockFi
A July 7 report from Teneo, the hedge fund’s liquidator, described the potential claims. Czytaj więcej We współpracy…
Bitcoin Firm Coinbits Suspends Operations Amidst Custodian Prime Trust’s Financial Woes
The cryptocurrency firm and bitcoin investment app, Coinbits, has announced the suspension of its services due to complications…
Study Shows Bank of England’s Rising Interest Rates Threaten 1.2 Million UK Households With Insolvency
The Bank of England made an impactful move last Thursday, June 22, 2023, as it raised the benchmark…
Crypto Firm Abra Said to be Insolvent in Texas State Regulators’ Cease-and-Desist Order
According to an emergency cease-and-desist order from the Texas State Securities Board, the cryptocurrency firm Abra is “insolvent…
Crypto Lender Abra Has Been Insolvent for Months, State Regulators Say
Crypto lender Abra has been insolvent since at least March 31, 2023, state securities regulators alleged on Thursday.…