Track crypto bankruptcies, restructurings, creditor updates, and court filings tied to failed exchanges, lenders, and digital asset firms.
Bitcoin's rally amid deteriorating macroeconomic conditions is explained by the desire to hold a trustless, decentralized asset.
Samuel Wan 3 min read 
A Swiss court has appointed an unnamed administrator for FTX Europe AG, according to the press statement.
Superintendent Adrienne A. Harris says the bank was closed due to a bank run.
The site will solely provide fiat withdrawals and no other services.
OKX has continued its global expansion efforts with recent revelations that it wants to open an office in Australia.
Paxful CEO Ray Youssef said funds will be returned by the end of the week.
Signature Bank's closure process continues weeks after its initial failure.
The firm likely owes billions of dollars in total following its bankruptcy last year.
The FDIC said early estimates showed that Silicon Valley Bank's failure cost its Deposit Insurance Fund around $20 billion.
