Coverage of bankruptcies and restructurings reshaping the digital asset and financial sectors.
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.
Galois Capital co-founder Kevin Zhou said the firm had up to $40 million trapped on FTX, leading to the closure of its trading operations.
BlockFi argued that Emergent Technology is ineligible for bankruptcy protection because it has no property in the U.S..
