ChainCatcher news, according to a report by Reuters, the bankruptcy liquidation plan of the cryptocurrency exchange Bittrex has been approved by the bankruptcy court, which will close its U.S. operations and allow the company to implement a liquidation plan that will fully pay the remaining creditors.Previous report, Bittrex filed for bankruptcy protection in May, chose to shut down its U.S. operations, and return assets to customers, and reached a $24 million settlement with the SEC in August.

ChainCatcher news, DefiLlama data shows that in the stETH market of Aave v2, if stETH drops to around $1570, there will be 47,300 stETH (approximately $74.5 million) at risk of liquidation. The current ETH price is $1649, which is about a 4.9% drop from $1570. (source link)

ChainCatcher news, the crypto-friendly bank Silvergate Bank has agreed to the Federal Reserve's order and will submit a self-liquidation plan to California financial regulators within 10 days.ChainCatcher previously reported that in March, Silvergate Bank stated it would orderly wind down operations and voluntarily liquidate in accordance with applicable regulatory procedures, including fully repaying all deposits, and is also considering how best to address claims and protect the remaining value of its assets, including its proprietary technology and tax assets. Additionally, Silvergate Bank has decided to cease the Silvergate Exchange Network (SEN). (source link)

ChainCatcher news, U.S. Bankruptcy Judge Michael Wiles has approved the liquidation plan for Voyager Digital, which may begin liquidation on Friday, aiming to start returning cash and cryptocurrencies to customers before June 1, and to conclude the restructuring under U.S. bankruptcy law. The liquidation plan allows for the return of approximately $1.33 billion in crypto assets to customers, which represents 36% of the total customer claims, depending on the claims dispute between Voyager and FTX. Voyager customers can receive their claims through cash, supported tokens, or VGX, among other options. (Source link)

ChainCatcher news, the Voyager Unsecured Creditors Committee (UCC) stated that Voyager and the UCC are completing the liquidation process, which is expected to be submitted on May 5. The liquidation process will detail the procedure for creditors to receive distributions. After the liquidation process is submitted, parties will have 10 days to raise objections. If there are no objections, the plan will "go into effect." If there are objections, the court will hold a hearing to consider the objections before the plan goes into effect.Earlier, at the end of April, Voyager officially stated that it received a letter from Binance terminating the asset purchase agreement. Binance.US stated that this move was due to "the hostile and uncertain regulatory environment in the U.S. leading to an unpredictable operating environment, affecting the entire U.S. business community." (source link)