QuadrigaCX Announces Interim Distribution of Customer Funds Amid Bankruptcy Proceedings

A few days ago, the exchange announced an interim distribution of funds There are 15 lawsuits worth more than C$1 million The funds will be paid at market value as of April 15, 2019 Bankrupt Canadian cryptocurrency exchange QuadrigaCX announced the re ...

Bittrex Inc. Approved to Borrow $7 Million in Bitcoins

The funds are needed to pay customers quickly The loan will be provided by parent company Aquila Holdings Bittrex Inc. has received court approval to borrow $7 million in bitcoins. Remind that the U.S. unit of Bittrex Inc.. closed April 30, citing vague cryptocur ...

Bankrupt FTX May Use Customer Funds to Restart Cryptocurrency Exchange

According to a report by Bloomberg, the cryptocurrency exchange FTX, which has filed for bankruptcy, may resort to utilizing customer payout funds to reboot its operations. The attorney representing Sullivan & Cromwell, Andrew G. Dietderich, informed US Bankruptcy Judge John T. Dorsey that di ...

Binance.US Struggles to Find Banking Partner to Manage Customer Funds

The US arm of Binance, a major cryptocurrency exchange, is facing difficulties in finding a bank to manage its customers' funds, according to the Wall Street Journal. Signature Bank and Silvergate Capital were previously used by Binance.US, but they have stopped working with the exchange. The ...

Edge Wallet Urges Users to Upgrade After Hack Attack

Edge Wallet, a popular cryptocurrency wallet, recently experienced a security breach, leading its developers to urge users to upgrade to the latest version of Edge v.3.3.1 as soon as possible. The reason for the emergency update was the theft of 2,000 private cryptographic keys, which resulted in th ...

FTX Japan Confirms Customer Funds Withdrawal in February Despite Bankruptcy Proceedings

FTX Japan, a subsidiary of the FTX exchange, which is currently undergoing bankruptcy proceedings, has announced that its customers will be able to receive their funds in February. The exchange has sent notifications to its customers, informing them that they can now verify their bank accounts an ...