Crypto News

Rhodium Enterprises Under Fire: Fraud Allegations Spark Class-Action Lawsuit

Investors file a class-action lawsuit against Rhodium Enterprises, alleging fraud and concealment of critical information. The case raises questions amidst the company's bankruptcy proceedings.

Haru Invest Declared Bankrupt: Major Cryptocurrency Fraud Case Unfolds

Haru Invest, a South Korean virtual asset platform, has been declared bankrupt by the Seoul Rehabilitation Court amid allegations of a massive cryptocurrency fraud scheme. With losses exceeding $10...

Celsius Begins Distribution of $127 Million to Creditors

Celsius initiates a second distribution of funds totaling $127 million to its creditors, covering various claims post-Chapter 11 bankruptcy. Eligible creditors will receive 60.4% of their claim val...

FTX Estate Initiates Lawsuit Against KuCoin for $50 Million Asset Recovery

The FTX estate, via Alameda Research, is suing KuCoin to recover over $50 million in frozen assets. The lawsuit claims violations of the Bankruptcy Code after multiple requests for fund release wer...

Judge Dismisses Banq's Chapter 11 Bankruptcy Application

A U.S. judge dismissed Banq's Chapter 11 bankruptcy filing, viewing it as a tactic to avoid litigation. The case reveals allegations against chair Jon Jiles regarding fiduciary duties and prioritiz...