A crypto custodian, which was placed under receivership in July, incurred a loss of $76 million due to a separate wallet mishap in 2021, as stated in a court submission.
A 'cybersecurity incident' has impacted Kroll, a company responsible for collecting customer claim data on behalf of bankrupt firms.
The insolvent stock market aims to reimburse creditors in dollars without diminishing the value.
The most recent suggestion involves adding the U.S. Trustee as a party to be notified by the debtors and lowering the highest acceptable value for settled claims from the previous $10 million to $7 million.
The sell-off comes before creditor distributions, which will exclusively be made in the two most widely used cryptocurrencies.
In order to expedite and optimize payments to investors, the regulator decided to waive the payment that was due as part of the settlement of charges against BlockFi.
The crypto company that went bankrupt is now attempting to reclaim the funds it received from Sam Bankman-Fried's empire prior to its collapse in November.
Bittrex has already declared its plans to withdraw from the U.S. market, yet it is also confronted with an enforcement action by the SEC.
In October 2021, FTX.US reportedly purchased Ledger Holdings, the parent company of LedgerX, for a total of $298 million, according to audited financial documents obtained and reviewed by CoinDesk.
A big worry is that the company hasn't said what it will do with the money from selling stablecoins.