Solidity Finance has announced a major change to the company that will take place in the upcoming months. Starting on August 28th the company will be operating under a new name, “SourceHat”, aiming to expand its operations to serve the larger Web3 space. Solidity Finance is an industry-leading provider of auditing services for smart contracts written in the Solidity programming language and the firm has worked tirelessly over the past several years to build its reputation to become what it…
Chapter 11 Bankruptcy
DCG’s Genesis Global Files for Chapter 11 Bankruptcy
DCG subsidiary Genesis Global Capital filed for bankruptcy protection in the southern district of New York on Jan 19. Following a massive hit from the recent FTX collapse the lender is the latest firm to fold in the ongoing crypto winter. Lending Businesses Seek Bankruptcy Protection News of the filing broke via a press release on Thursday. Per the report Genesis alongside two lending subsidiaries Genesis Global Capital and Genesis Asia Pacific submitted voluntary Chapter 11 applications. This followed rumors…
5 months ago 
1 k views
It’s Official: FTX, FTX US, and Alameda File for Chapter 11 Bankruptcy
After a week-long liquidity crisis followed by a withdrawal freeze, FTX has officially filed for Chapter 11 bankruptcy. Meanwhile, its high-profile leader and former multi-billionaire – Sam Bankman-Fried (SBF) – has resigned as CEO. In a press release on Friday, FTX announced that it has commenced Chapter 11 proceedings in the United States alongside over 130 affiliated companies. One of those companies is Alameda Research – a trading desk SBF previously launched. Many believe it deeply intertwines with FTX. FTX’s…
7 months ago 1 k views