The company was authorized to choose between receiving $30 million or 500 Bitcoin loan from Galaxy Digital.
Read moreCrypto Biz: Telegram and OpenSea on authorities’ radar
This week’s Crypto Biz explores Pavel Durov’s arrest and consequences for Telegram, Nvidia’s earnings results, OpenSea’s Wells notice, Rhodium’s bankruptcy, BlackRock’s new crypto ETF and
Read moreBitcoin miner Rhodium files for bankruptcy in Texas court
Rhodium’s debts range between $50 million and $100 million, while its total assets are estimated between $100 million and $500 million.
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Terraform Labs’ Fate Hinges on Sept. 19 Bankruptcy Hearing
The Chapter 11 bankruptcy reorganization hearing for Terraform Labs Pte. Ltd. and Terraform Labs Limited is set for Sept. 19, 2024, at 10 a.m. EDT.
Read moreCelsius sues Tether seeking $3.5B over Bitcoin collateral selloff
The assets in question were evidently given to Tether as collateral.
Read moreBankrupt crypto firm Genesis completes restructuring
In a January open letter, Gemini co-founder Cameron Winklevoss accused entities related to Genesis of inflating their assets.
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