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Bankruptcy

Stay informed about the latest trends in bankruptcy within the cryptocurrency industry and its implications for investors and projects.

Bankruptcy

Stay informed about the latest trends in bankruptcy within the cryptocurrency industry and its implications for investors and projects.

Bankruptcy   -   Feb 02, 2024 Bankruptcy Update: Celsius Distributes Funds, FTX Reboot Called Off, Mt. Gox Wheels Turning
Bankruptcy Update: Celsius Distributes Funds, FTX Reboot Called Off, Mt. Gox Wheels Turning

Celsius has successfully exited bankruptcy and begun repayments. FTX has given up on plans to restart the exchange, but “cautiously predicted” full repayment for users. Mt.Gox creditors report first bank transactions.

Exchanges   -   Jan 28, 2024 Repayments Incoming? Movement on Mt. Gox, Celsius. Nothing from FTX
Repayments Incoming? Movement on Mt. Gox, Celsius. Nothing from FTX

Mt.Gox creditors have received e-mails confirming upcoming payments, Celsius has moved funds, but ex-FTX customers have objected to the repayment plan.

American SIM Card Gang Charged With Stealing $400 Million From FTX
FTX   -   Feb 05, 2024 American SIM Card Gang Charged With Stealing $400 Million From FTX

Three people have been charged with stealing $400 million from crypto exchange FTX on the day the company filed for bankruptcy.

Eva Senzaj Pauram
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FTX   -   Feb 05, 2024 American SIM Card Gang Charged With Stealing $400 Million From FTX
American SIM Card Gang Charged With Stealing $400 Million From FTX

Three people have been charged with stealing $400 million from crypto exchange FTX on the day the company filed for bankruptcy.

Eva Senzaj Pauram
Bankruptcy   -   Feb 02, 2024 Bankruptcy Update: Celsius Distributes Funds, FTX Reboot Called Off, Mt. Gox Wheels Turning
Bankruptcy Update: Celsius Distributes Funds, FTX Reboot Called Off, Mt. Gox Wheels Turning

Celsius has successfully exited bankruptcy and begun repayments. FTX has given up on plans to restart the exchange, but “cautiously predicted” full repayment for users. Mt.Gox creditors report first bank transactions.

Sasha Markevich
Exchanges   -   Jan 28, 2024 Repayments Incoming? Movement on Mt. Gox, Celsius. Nothing from FTX
Repayments Incoming? Movement on Mt. Gox, Celsius. Nothing from FTX

Mt.Gox creditors have received e-mails confirming upcoming payments, Celsius has moved funds, but ex-FTX customers have objected to the repayment plan.

Sasha Markevich
Terraform Labs   -   Jan 24, 2024 Terraform Labs Continues Fight for Survival: Files Bankruptcy In U.S.
Terraform Labs Continues Fight for Survival: Files Bankruptcy In U.S.

The company behind terraUSD has filed for Chapter 11 bankruptcy protection in a Delaware court.

Eva Senzaj Pauram
Bankruptcy   -   Jan 12, 2024 Celsius Reclaims User Funds Subject to Withdrawal Preference Exposure
Celsius Reclaims User Funds Subject to Withdrawal Preference Exposure

Clients who withdrew over $100,000 in the 90 days prior to bankruptcy must pay back the creditor 27.5% of this amount to receive distribution payments under the settlement plan.

Sasha Markevich
Exchanges   -   Dec 30, 2023 First Mt. Gox Repayments Arrive Via PayPal… Twice for Some Users
First Mt. Gox Repayments Arrive Via PayPal… Twice for Some Users

Reportedly, some creditors have received yen payments through PayPal, marking the first funds received after almost 10 years of waiting. However, even this has been tarnished by accidental duplicate payments to some users.

Sasha Markevich
Bankruptcy   -   Dec 23, 2023 $1B of Three Arrows Capital Founders Assets Subject to Global Freeze
$1B of Three Arrows Capital Founders Assets Subject to Global Freeze

A court in the British Virgin Islands has reportedly issued a global freezing order of assets belonging to Su Zhu and Kyle Davies.

Sasha Markevich
Bankruptcy   -   Dec 17, 2023 Following Exec Arrests and SEC Lawsuit SafeMoon Files for Bankruptcy
Safemoon bankruptcy

The DeFi protocol filed for Chapter 7 bankruptcy following the arrest of its executives last month and an SEC lawsuit.

Sasha Markevich
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