Mining
Public BTC mining companies face $4B in liabilities, Core Scientific leads the pack
Public Bitcoin mining companies have a total of $4 billion in liabilities, with Core Scientific leading at $1.3 billion.
Josh O'Sullivan 2 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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Crime
Two suspects arrested in Hong Kong for AAX fraud
The AAX exchange declared bankruptcy on November, and returned only half of its users' funds.
Legal
SBF to return to U.S. immediately in hopes of securing bail
A decision was made for Bankman-Fried to return to the U.S. after he agreed to be extradited.
Latest Bankruptcy News & Analysis
Bankruptcy
FTX creditors seek priority payout for $1.6B locked in custody wallets
Eversheds Sutherland said its clients hold roughly $1.6 billion worth of custody assets on FTX which should be prioritized in the repayment process.
Bankruptcy
Greenidge signs $74 million debt restructuring deal as bankruptcy fears emerge
Greenidge Generation Holdings is restructuring a significant portion of its debt with NYDIG ABL and will provide hosting services.
Bankruptcy
BlockFi confirms move to allow wallet users access to funds
BlockFi wallet users may soon be able to move funds, BIA users will not have the same access
Bankruptcy
SBF reportedly dropped fight against extradition but sent back to jail after latest hearing
Sam Bankman-Fried was likely to drop his extradition battle at the recent hearing since he wants to return to the U.S. and request bail.
Legal
Top 50 FTX creditors only account for $114M of unsecured claims out of billions lost
If there are billions of dollars to account for within the bankruptcy investigation — which is the case — then the majority of victims are likely retail customers that had non-whale balances.
Bankruptcy
Binance.US to acquire bankrupt Voyager’s assets for $1.02B
The press statement revealed that the deal was subject to the bankruptcy court approval.
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Bankruptcy
Riot Games to terminate FTX sponsorship due to “reputational harm”
Bankruptcy
FTX bankruptcy case: Bahamas denies improper conduct, seeks respect for legal system
Bankruptcy
What to expect from FTX’s second bankruptcy hearing today; LedgerX sale, doxing creditors, custody of funds
Exchanges
