Latest News for: Bankrupt assets

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Brazilian judge allows NFT subpoenas to Bitcoin wallets in high-profile fraud case

Cryptoslate 01 Apr 2025
The stems from legal action filed by the court-appointed trustee of BWA Brazil’s bankrupt estate seeking to interrupt the statute of limitations on claims related to crypto assets allegedly acquired using creditor funds.
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Gary Glitter faces bankruptcy for failing to pay £500,000 compensation to sex abuse victim

AOL 01 Apr 2025
It has now emerged that last month Gadd was made effectively bankrupt, and a trustee has been appointed to take over his estate which includes a £2million London penthouse. Assets can then be used to pay the compensation that is owed ... .
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Ethereum and Solana Traders on Red Alert as FTX Begins $800M Repayments on May 30

CoinGape 31 Mar 2025
Ethereum’s underperformance relative to Bitcoin signals the influence of asset-specific headwinds ... Over the past few months, the bankrupt exchange has systematically moved assets into exchange wallets, preparing for liquidation.
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How to File a Claim Against Terraform Labs: Portal Opens March 31

Coin Edition 28 Mar 2025
Recovery is not guaranteed; payouts are pro rata based on available assets. Bankrupt firm Terraform Labs has launched a claims process to address creditor losses from the failed TerraUSD (UST) stablecoin collapse.
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Orrstown Bank wants to delay the sale of Daryl Heller’s New Jersey beach house

Lancaster Online 28 Mar 2025
Harrisburg-based Orrstown Bank is seeking to delay the sale of ATM network owner Daryl Heller’s most valuable asset while a court-appointed expert looks closely at the bankrupt businessman’s finances ... .
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SEC closes investigation into Crypto.com with no enforcement actions

Cryptopolitan 28 Mar 2025
Additionally, on Wednesday, President Donald Trump’s pick for the SEC chairmanship, Paul Atkins, faced questions from lawmakers about the agency’s past actions and his ties to bankrupt FTX.
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Bankrupt 23andMe’s DNA data gets sale nod as concerns linger

East Bay Times 27 Mar 2025
Now, those samples — and the genetic data they yielded — have become the bankrupt company’s most marketable asset, and the prospect of the sensitive information being put up for auction has sparked ...
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Church victims relieved but fear its shady tactics will continue

Asahi News 26 Mar 2025
They said the church, formally called the Family Federation for World Peace and Unification, has shown no remorse for its actions that have bankrupted families over decades.
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Why are users of 23andMe being urged to delete their data?

Al Jazeera 26 Mar 2025
“If 23andMe really goes bankrupt and someone buys its assets, then what’s going to happen is their promises of confidentiality go out the window ... As part of its bankruptcy proceedings, 23andMe has announced a 45-day bidding period for its assets ... .
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Yellow Agrees to Terminate California Terminal Leases

TT News 24 Mar 2025
Liquidation of the real estate assets of bankrupt less-than-truckload carrier Yellow Corp. entered a new phase in recent days — termination of terminal lease agreements ... .
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Karma bets on EREVs and ultra-luxury for its latest reboot

The Verge 21 Mar 2025
The Amaris shares its tech with the Gyesera and Revero sedans. Image. Karma Automotive. Marques McCammon has a lot to prove ... The brand went bankrupt just a year later, its assets sold off and relaunched as Karma Automotive in 2016 ... .
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Racing through Net Zero plans 'could wipe 10 per cent off the GDP and crash ...

The Daily Mail 20 Mar 2025
The leaked Whitehall assessment of the effects of Net Zero, seen by The Sun, warned that billion pounds worth of assets being retired before the end of their shelf life could cause a huge drop in the value of firms which own them.
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Yellow’s 325-door California terminal fetches $55M

Freight Waves 19 Mar 2025
In dribs and drabs, bankrupt Yellow Corp.’s handlers continue to liquidate assets. A Tuesday filing with the U.S ... The filing said the offer represents the “highest or otherwise best value for the Lease” after Yellow (OTC ... ....
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Yellow creditors’ battle over $550M-plus carcass heats up

Freight Waves 18 Mar 2025
and some of its creditors remain at odds over a final bankruptcy plan for the liquidation and distribution of the estate’s remaining assets, which now include $550 million in cash. The bankrupt ...
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Frequent Grid Collapse: Causes and Effects

This Day 18 Mar 2025
... owner of the assets, it will be difficult to secure accountability for resource utilisation ... For consumers, Government should be blamed, for selling assets to inefficient and bankrupt investors. .
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