Bankruptcy
Alameda had $65B artificial credit line, 43,000% more than FTX market makers
FTX had a 'god mode' for a small group of users that allowed for uncollateralized borrowing without record
Liam 'Akiba' Wright 3 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
Silvergate Capital posts $1B loss in Q4’22
Silvergate reported a net loss of $1 billion and a decrease in digital asset customers and customer-related fee income.
DeFi
Alameda liquidators lose $11.5M due to DeFi liquidations over 2 weeks
Over $4 million of losses were preventable if liquidators closed positions instead of pulling collateral, according to Arkham Intelligence.
Latest Bankruptcy News & Analysis
Bankruptcy
CoinFLEX could drive up creditor equity value via GTX venture — and rebrand
GTX could indirectly compensate CoinFLEX users who lack access to their funds.
Exchanges
Monex Group shows interest in buying FTX Japan
Due to Japan's liberal regulations, the crypto market in the country has a lot of potential, according to Monex's CEO.
Bankruptcy
FTT surges 48%; other bankrupt tokens also rise
Several analysts within the crypto community are perplexed by FTT's green run, with many wondering why top exchanges have not delisted the token.
Bankruptcy
Ex-FTX US president calls SBF insecure, spiteful, and volatile
Brett Harrison claims SBF was intransigent and lashed out with "dysregulated hostility" and "gaslighting" in the face of disagreements.
Bankruptcy
Celsius Mining to sell 2687 BTC mining rigs for $1.34M
A Celsius creditor Víctor Ubierna de las Heras has objected to the sale and questioned whether it is in the best interest of the estate.
Bankruptcy
FTX recovery possible if sold as a going concern according to SBF
SBF sees potential for FTX to recover and return funds to customers
