Track crypto bankruptcies, restructurings, creditor updates, and court filings tied to failed exchanges, lenders, and digital asset firms.
The court found an undisclosed deficit and said Knaken cannot repay customers in full, leaving recovery to an independent trustee.
Liam 'Akiba' Wright 6 min read 
The trust can use disputed documents in its $4 billion-plus case, but the rulings still leave creditor payouts unresolved.
FTT surged despite having little remaining utility, showing how Bankman-Fried’s long-shot clemency campaign has become a speculative trade.
The transfer revived the bankruptcy overhang while BTC was already under pressure, but the watched threshold is onward routing to exchanges, custodians, liquidity providers, or repayment partners.
Crypto’s first real-world retail infrastructure is breaking down under the weight of scam complaints, legal pressure and the growing normalization of regulated Bitcoin investing.
The committee vote gives crypto a policy signal, but holders, banks, and exchanges still need the Senate to turn it into rules.
FTX’s fourth creditor distribution will inject roughly $2.2 billion into the market at a moment when Bitcoin is already trading under pressure from a deteriorating macro backdrop.
Creditors get cash fast via BitGo Kraken or Payoneer, and even 10% recycling could shift BTC absorption.
USDC supply surged 8% in a month, tightening Circle’s challenge to Tether’s long-held stablecoin dominance.
