bankruptcy

According to reports, Kyle Davies and Zhu Su, the founders of Three Arrow Capital, have been ordered to appear in court in the British Virgin Islands on May 22 as part of the liqui

It is reported that Eversheds Sutherland, a global law firm, has filed an early summary judgment on assets frozen in the accounts of non US FTX clients, thereby legally distinguish

On March 23rd, Federal Reserve Chairman Powell said that after the collapse of Silicon Valley Bank (SVB), the Federal Reserve significantly reversed its efforts to reduce the size

According to reports, developer Cam Crews has compiled an online chart detailing the lawyer and consultant fees Celsius will need to pay in bankruptcy proceedings. According to dat

According to reports, people familiar with the matter said that US regulators are embarking on a split of Silicon Valley Bank (SVB) due to the failure to find a suitable buyer for the entire company. The Federal Deposit Insurance Corporation (FDIC) is currently seeking to sell the bankrupt bank in at least two parts. The Federal Deposit Insurance Corporation of the United States is reportedly pushing ahead with its plan to spin off banks in Silicon Valley Analysis based on this information:Reports have emerged that the Silicon Valley Bank (SVB) may be split by US regulators as they are facing difficulty in finding a suitable buyer to purchase the entire company. The Federal Deposit Insurance Corporation (FDIC) is presently seeking to sell the bankrupt bank for at least two parts. This news, if true, has massive implications not only for the bank but also for the broader technology and startup ecosystems, as SVB is known for being one of the…

According to reports, according to bankruptcy court documents, the bankruptcy lending platform Genesis has requested creditors to explain how much the company owes them before the deadline of May 22, and has requested an auction to be held by the deadline of June 27. Bidders considering the acquisition of Genesis must indicate their interest by May 5th. Genesis requires creditors to submit the amount owed by May 22 Analysis based on this information:The Genesis lending platform has requested creditors to submit reports regarding how much the company owes them before the May 22nd deadline. With this, Genesis hopes to gain an accurate picture of its debts and liabilities before it proceeds with its bankruptcy proceedings. The deadline for potential bidders to show their interest in acquiring Genesis is May 5th. It is common for businesses, especially those that are struggling, to file for bankruptcy to reorganize or free themselves of debt. In the case of Genesis, the platform is requesting…

According to reports, Cathie Wood, founder of ARK Invest, stated on Twitter that cryptocurrency had not led to the bankruptcy of Silicon Valley banks and Signature, and that the “culprit” was the Federal Reserve. Due to the shortage of venture capital funds and the high yield of money market funds, deposits have left the US banking system. Cathie Wood believes that regulators use cryptocurrency as a scapegoat for their regulatory failures in traditional banking. Cathie Wood: The Federal Reserve is the “culprit” in the bankruptcy of Silicon Valley banks and Signature Analysis based on this information:Cathie Wood, the founder of ARK Invest, is renowned for her work as an investor in disruptive technologies and cutting-edge breakthroughs in the finance sector. In a recent post on Twitter, she stated that while cryptocurrency has been blamed for the bankruptcy of Silicon Valley banks and Signature, the Federal Reserve is the real culprit. Apparently, the shortage of venture capital funds and the high…

According to reports, Kyle Davies, the co-founder of Sanjian Capital, a closed hedge fund, said that there was no pending litigation or regulatory action against him. Last July, Sanjian Capital filed for bankruptcy. In October this year, the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) launched an investigation on Sanjian Capital because it misled investors in the balance sheet. In December last year, it was reported that the liabilities of Sanjian Capital exceeded US $3 billion, while the assets were only US $1 billion. Davies said that people’s anger stems from the market decline. As far as we are concerned, there are no regulatory actions and lawsuits against us anywhere. According to the previous news, Su Zhu and Kyle Davies, the founders of Sanjian Capital, recently launched Open Exchange (OPNX), a platform that allows users to trade bankruptcy claims and use claims as collateral to trade encrypted derivatives. （CoinDesk） Kyle Davies, co-founder of…

It is reported that FTX, the cryptocurrency exchange, applied to the US judge, hoping to give another six months to submit the reorganization plan in Chapter 11 of the bankruptcy law. It said that after the bankruptcy last year, the company needed more time to continue to clarify its financial situation and would “soon” publish the details of its assets and liabilities. According to a motion submitted to the Delaware District Bankruptcy Court of the United States on Friday, the company requested to propose a reorganization plan before September 7, compared with the previous plan of March 11. FTX applied to submit the bankruptcy reorganization plan within 6 months Analysis based on this information:FTX, one of the most prominent cryptocurrency exchanges, has reportedly applied to a US judge to extend the deadline for submitting its reorganization plan under Chapter 11 bankruptcy law. The new request asks for six more months to submit the plan, as the company needs additional time…

It is reported that Warren, a member of the United States Senate, asked the CEO of Silicon Valley Bank to provide an explanation for the bankruptcy. Warren, a member of the United States Senate, asked the CEO of Silicon Valley Bank to provide an explanation for the bankruptcy Analysis based on this information:The recent news of Senator Elizabeth Warren questioning the CEO of Silicon Valley Bank has sparked much interest and speculation. The Massachusetts senator, famous for advocating for consumer protections, has been a vocal critic of big banks and their practices. Her latest questioning of the Silicon Valley Bank CEO regarding the bankruptcy of the bank has many wondering what the implications are. According to reports, Warren asked the CEO to provide an explanation for the bankruptcy of Silicon Valley Bank, a prominent financial institution in the tech industry. While it is unclear what the exact nature of the bankruptcy is or whether it has any significant impact on…

It was reported that a bankruptcy court in New Jersey was informed on Monday that although BlockFi held a large amount of uninsured funds in the bankrupt Silicon Valley Bank (SVB), it still had the right to use cash. Lawyer: BlockFi is expected to obtain a cash deposit of $37 million at the Bank of Silicon Valley Analysis based on this information:BlockFi, a trusted cryptocurrency borrowing and lending platform, was recently reported to have held a significant amount of uninsured funds in the bankrupt Silicon Valley Bank (SVB). In light of this news, doubts were raised about the platform’s ability to operate with its funds being tied up in a struggling bank. However, whether due to foresight or mere circumstance, it appears that BlockFi had contingencies in place to continue using its cash reserves. On Monday, news emerged that BlockFi had informed a bankruptcy court in New Jersey that despite its funds being held in SVB, the platform had the…

On March 13, according to foreign media reports, more than 190 companies around the world that have obtained loans from the bankrupt Silicon Valley Bank (SVB) may be looking for new banks. According to relevant data, SVB has participated in more than US $70 billion of transactions in the syndicated loan market, most of which are in the United States. The company also participated in about 18 transactions in Asia and 10 transactions in Europe. It is not clear about its specific participation in each transaction. (Golden Ten) More than 190 companies around the world may need to find another way to raise funds after the explosion of Silicon Valley banks Analysis based on this information:On March 13, foreign media reported that over 190 companies worldwide that obtained loans from Silicon Valley Bank (SVB) may need to find new banks. SVB recently declared bankruptcy, putting the future of the bank and its clients in question. Relevant data reveals that SVB…

It is reported that Bitstamp, a crypto exchange, tweeted that despite the unfortunate bankruptcy of Signature Bank, our normal operation will not be affected. Bitstamp: normal operation will not be affected by the bankruptcy of Signature Bank Analysis based on this information:Bitstamp, one of the biggest crypto exchanges, recently tweeted that their operations will not be affected by the bankruptcy of Signature Bank. The decision of the banks’ bankruptcy was unfortunate, but Bitstamp continues to carry out its usual functions. This move by the crypto exchange indicates their commitment to their traders and users. Despite the uncertainty with Signature Bank, Bitstamp remains focused on providing quality services, reliable trading infrastructure, and competitive prices to its clients. The announcement by Bitstamp is an essential one for traders who use the platform. Given the potential impact of Signature Bank’s bankruptcy on Bitstamp, any delay in normal operations may cause traders to lose vast sums of money. Therefore, Bitstamp’s announcement is beneficial, highlighting…

It is reported that Watcher Guru disclosed on social media that more than 200 British companies will not be able to pay their employees’ salaries due to the bankruptcy of Silicon Valley Bank. More than 200 British companies will not be able to pay salaries due to the bankruptcy of Silicon Valley Bank Analysis based on this information:The news of the bankruptcy of Silicon Valley Bank has caused concerns among British companies as it is reported that over 200 companies will not be able to pay their employees’ salaries. Watcher Guru disclosed this information on a social media platform that created a stir in the business world. Silicon Valley Bank was one of the popular banks for start-ups and tech firms. It provided loans and essential financial services to young companies that aimed to disrupt the industry. It was an attractive option due to its specialization, which enabled it to understand the needs of the tech industry, unlike traditional banks….

It is reported that the UK’s largest commercial street bank was given a 24-hour deadline to save the UK branch of Silicon Valley Bank from bankruptcy, because the Bank of England is preparing to bring it into bankruptcy proceedings. According to British Sky News, loan institutions including Barclays Bank and Lloyds Bank Group have been asked to consider whether they can make a takeover offer for Silicon Valley Bank UK Branch. Many institutions, including Bank of London, are interested in finalizing the transaction. It is expected that many large commercial banks will examine the prospect of the transaction, although the possibility of one of them to intervene seems very small. An executive of a large British bank said that they were allowed to enter a data room at the weekend. A source said that Rothschild, the investment bank, had been asked to deal with this procedure as soon as possible with the permission of the Bank of England. Major British…

It is reported that after the bank of Silicon Valley announced its bankruptcy in a flash on March 10, it triggered a severe shock in the capital market. Investors are paying high attention to the possible chain reaction caused by the event. Lise Buyer, a senior adviser to the US IPO and founding partner of Class V Group, said that if the Silicon Valley Bank could not be rescued at the weekend, 80% of the startups supported by venture capital would be affected to varying degrees. Relevant regulatory filing documents show that as of December last year, more than 95% of deposits in Silicon Valley banks had not been insured, and many of these depositors were start-up companies. The market is worried that because enterprises may not be able to pay wages this month, this will in turn trigger a wave of large-scale closures and layoffs in the technology industry. (I) International investors: Silicon Valley Bank may affect 80% of…

On March 12, according to the data released by Crypto KOL and chain analyst Mr. Whale, the trading volume of Coinbase on the Cryptocurrency Exchange has plunged by 99.2% in the past 24 hours, which is the first time in history. The reason may be that the US dollar stable currency (USDC) (partially owned by Coinbase) triggered the anchoring in the bankruptcy of Silicon Valley banks. Coinbase’s trading volume fell 99.2% in the past 24 hours Analysis based on this information:The world of cryptocurrency is known for its unpredictability, and Coinbase, one of the world’s largest cryptocurrency exchanges, is no exception. On March 12, a piece of news from Crypto KOL and chain analyst Mr. Whale shook the cryptocurrency world. According to the data released by Mr. Whale, Coinbase’s trading volume on the cryptocurrency exchange had plummeted by a staggering 99.2% in the past 24 hours. This is the first time such a significant drop has been witnessed in Coinbase’s…

It is reported that the Bank of England intends to apply to the court to include the British subsidiary of Silicon Valley Bank (SVB UK) in the bank bankruptcy …

It is reported that according to a bankruptcy document, BlockFi, a cryptographic lending institution, has 227 million dollars of \”unprotected\” funds in Silicon…

According to reports, the Federal Deposit Insurance Corporation of the United States said that SVB Bank was closed by California regulators, and Silicon Valley…