Exchanges
FTX creditors invited to bid on Solana tokens in new auction format
FTX's management previous discounted sales of the Solana tokens had attracted criticisms from creditors.
Oluwapelumi Adejumo 2 min read
Bankruptcy News
Track crypto bankruptcies, restructurings, creditor updates, and court filings tied to failed exchanges, lenders, and digital asset firms.
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Bankruptcy
FTX empties FTT treasury wallet, transferring assets worth over $250 million
The financial regulators in Cyprus have extended the suspension of FTX Europe’s license till September.
Bankruptcy
FTX discount sale of $1.9 billion locked Solana faces creditor fury
The SOL will be locked for four years and cannot be sold.
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Legal
SEC begins multi-billion dollar fraud trial against Terraform Labs, Do Kwon
The SEC accuses Terraform Labs and Kwon of conducting a multi-billion dollar crypto asset securities fraud.
Bankruptcy
Anthropic founders block Saudi Arabia from buying FTX-owned stake
FTX is selling the stake as part of its bankruptcy proceedings to repay its creditors, who lost billions due to its collapse.
Bankruptcy
John Ray exposes ‘vast’ harm to FTX customers, counters SBF’s solvency claims
John Ray III reveals FTX had only 105 BTC left against 100,000 customer entitlements at the time of bankruptcy.
Bankruptcy
Celsius looks to recover $2 billion withdrawn by 2% of accounts during its collapse
The initiative is part of its reorganization plan and targets individual accounts that withdrew more than $100,000 before its collapse.
Legal
Montenegro court rejects Do Kwon’s appeal, clears way for extradition to South Korea
The Montenegro Court said its decision was final and could not be appealed by any party.
Bankruptcy
Genesis and Gemini’s Earn program closure leads to $2 billion settlement offer for affected users
Genesis asked a bankruptcy court to approve a settlement in principle, while Gemini submitted a statement in support of the plan.
More Bankruptcy News Headlines
Bankruptcy
Bankrupt Genesis agrees to $21 million SEC fine over defunct Gemini Earn crypto lending violations
Legal
Court approves Terraforms Labs’ request to hire Dentons despite regulatory concerns
Tokenization
Pantera eyes $250 million in discounted Solana tokens from FTX estate
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