Bankruptcy
BlockFi conditionally approved $1B recovery plan sets stage for repayment, larger recoveries
BlockFi's plan would help the bankrupt firm resolve all its cases and also allow it to refund clients.
Oluwapelumi Adejumo 2 min read
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Track crypto bankruptcies, restructurings, creditor updates, and court filings tied to failed exchanges, lenders, and digital asset firms.
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Voyager may have suffered hack, data leak during reopened withdrawal period
One lawyer said that Voyager was exploited when its reopened withdrawals for 30 days.
Bankruptcy
FTT holders left hanging in proposed FTX restart plan
FTX's unsecured creditors have opposed the restart plans because it ignores their recommendations
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Digital Currency Group nearing settlement with Genesis creditors; reports $216M Q2 revenue as new CFO takes helm
DCG also reported that the company has appointed Mark Shifke as its new chief financial officer (CFO).
Bankruptcy
Bankrupt crypto giants FTX and Genesis reach agreement to resolve billion-dollar claims
The two bankrupt firms note that the agreement was still subject to a court approval.
Bankruptcy
Celsius reaches settlement that will enable users to receive assets by year-end
Celsius' settlements, which require court approval, resolve 30,000 customer claims seeking $78 billion in compensation.
Legal
FTX planned to buy island of Nauru and build bunker in case of mass human extinction
Current management called FTX members' past activities "misguided" and "dystopian."
Bankruptcy
DOJ accuses SBF of leaking Caroline Ellison’s private diary to taint trial; FTX sues former executives for $1B
FTX alleged that Sam Bankman-Fried is supporting his defense through a $10 million gift he gave his father in January 2022.
Bankruptcy
Terraform Labs requests to subpoena docs from bankrupt FTX in SEC case defense
Terraform Labs CEO Chris Amani alleged that short sellers used FTX-related accounts to submit massive sell orders at the beginning of the attack on UST.
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Bankrupt FTX sues Sam Bankman-Fried for $71M to recover ‘political capital’ payments
Regulation
ASIC cancels FTX Australia’s license amid escalating crypto regulation
Regulation
Nevada court orders Prime Trust into temporary receivership
Bankruptcy