Bankruptcy
FTX seeks court approval to slash US IRS’s $24B claim to zero
FTX said the IRS claims are far from reality after it previously reduced the claim by $20B.
Oluwapelumi Adejumo 2 min read
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FTX approved to liquidate $744M in Grayscale assets to pay creditors
The bankrupt exchange has spent almost a year unraveling the complex web of poorly documented trades and transactions that precipitated its collapse in November 2022.
Bankruptcy
BlockFi secures key $21M agreement with Vrai Nom amid turbulent bankruptcy
BlockFi hearings have been adjourned until Dec. 19 after a key agreement was struck, paving the way for strategic bankruptcy resolutions.
Latest Bankruptcy News & Analysis
Legal
Bankrupt Genesis alleges Gemini contributed to ‘run on the bank’ with $689M withdrawals
The two firms have been involved in an extensive legal battle during the past year.
Bankruptcy
Bankrupt Mt. Gox repayment plan seemingly set in motion nearly a decade after hack
Emails show claimants to begin receiving payments following postponed repayments plan due to legal issues and other reasons previously.
Mining
Celsius debtors to restructure defunct lender into Bitcoin miner instead of asset transfer
Celsius customers will own the new entity, which will be called Mining NewCo.
Exchanges
Bittrex Global to halt all trading in December as closure extends globally
The company previously said it would shut down U.S. operations only.
Bankruptcy
FTX lawsuit alleges Bybit used “VIP” privileges to withdraw $953M before collapse
The lawsuit claims Bybit and its affiliates used VIP connections to prioritize their withdrawals, and are holding FTX's $125 million hostage.
Bankruptcy
Genesis seeks court approval to slash 3AC claim from $1B to $33M
The settlement agreement will see Genesis pay $33 million to Three Arrows Capital.
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Bankruptcy
Celsius cleared to exit bankruptcy and enact recovery plan
Bankruptcy
SEC chair’s nod to a lawful FTX revival sparks FTT token’s 90% rally
Bankruptcy
Former NYSE president, two others vying to buy and revive FTX
Bankruptcy
