James Alexander was employed as the CCO of Cred, a crypto lender that filed for bankruptcy in November.
Judge John Dorsey of the Delaware Bankruptcy Court rejected a motion to appoint a Chapter 11 trustee to oversee Cred’s restructuring.
In October, the lender published a cryptic letter saying it has experienced “irregularities” in the handling of “specific” corporate funds by a “perpetrator of fraudulent activity.”
As cases rise and the U.S. settles in for a fresh wave of COVID-19, the economic fallout from round one is still being felt, from hedge funds to bankruptcies and beyond.
It’s hard to tell people not to be angry with capitalism when the system is rewarding failure with millions of dollars in bankruptcy bonuses.
Factom Inc.'s board has presented a proposal for restructuring the business, which will now be assessed by the administrators.
QuadrigaCX CEO and founder Gerald Cotten reportedly created fake accounts at other crypto exchanges and funded them with his customers' money.
Cryptopia has filed for bankruptcy protection in the U.S. seeking to preserve vital user data held on servers in Arizona
EY, the court-appointed monitor for QuadrigaCX, is looking to move the exchange into bankruptcy.
Blockchain infrastructure provider SETL has filed for insolvency in the U.K., saying it's seeking a buyer for its CSD business.
South Korean cryptocurrency exchange Coinbin has declared bankruptcy, in part due to claimed embezzlement by a former exec.
Bankrupt bitcoin mining firm Giga Watt has said it's shutting down operations after its power was cut and facility access was blocked.
Bankrupt U.S.-based bitcoin mining firm Giga Watt just hiked the value of its assets in a revised court filing.
U.S.-based bitcoin mining firm Giga Watt has declared bankruptcy with millions still owed to creditors.
Corporate creditors of the long-defunct bitcoin exchange Mt. Gox can now enter online claims for refunds of trapped bitcoin assets.