Russian authorities detained BitRiver founder Igor Runets on expanded fraud charges. Prosecutors allege the case involves nearly RUB 1 billion in mining equipment fraud. The investigation coincides with BitRiver’s parent company bankruptcy proceedings. Russia’s cryptocurrency […]
Key Takeaways On July 29, Igor Runets was jailed over alleged $12.5 million equipment fraud against En+ Group. Crypto miner Bitriver faces bankruptcy after its parent company, Fox Group, defaulted on $9.2 million. Runets will […]
Key Takeaways Over 60 crypto projects shut down or filed bankruptcy from January to July 2026, led by BitMEX’s Sept. 23 closure. Security exploits drove closures including Step Finance’s $40 million hack and Radiant Capital’s […]
Storj filed for Chapter 11 to restructure legacy debt. The company will continue operating its cloud storage network. Storj plans shared ownership for investors, management, communities, and STORJ holders. Blockchain-powered decentralized cloud storage platform Storj […]
Storj’s Director of Software Engineerin stated that the underlying business remains “strong and right-sized” but legacy obligations from an earlier chapter are what’s holding it back. Decentralized cloud storage company Storj Labs has voluntarily […]
Around $167 million of Poolin’s debt comes from IOUs issued after customer withdrawals were frozen during 2022’s market crash. Singapore-based Bitcoin mining company Poolin on July 22 filed for Chapter 11 bankruptcy protection in […]
Once one of the biggest Bitcoin [BTC] mining pools globally, Poolin has declared Chapter 11 bankruptcy in the United States. The filing includes the parent company Poolin, which is based in Singapore, as well as […]
The MOVE token is trading more than 99% below its all-time high of $1.45 and hit an all-time low barely two days ago. Movement Labs has filed for Chapter 11 insolvency protection in the […]
Movement Labs filed for Chapter 11 bankruptcy. Move Industries CEO Torab Torabi clarified that MVMT Labs has no affiliation with Move Industries. Movement Labs, the original developer behind the MOVE-based Ethereum Layer 2 blockchain, filed […]
Key Takeaways Senator Cynthia Lummis says the CLARITY Act would keep customer crypto separate from a failed company’s bankruptcy estate. The proposal responds to legal disputes that emerged during the Celsius and Voyager bankruptcies. Lummis […]
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