Bankruptcy
FTX's $228M Settlement With Bybit Brings Conclusion of Epic Liquidation Closer
The FTX bankruptcy nears its finish line, with recoveries higher than what was in accounts when it collapsed – though those assets missed out on the market recovery since 2022.
Former FTX Customer Sues Hedge Fund, Says It Reneged on Bankruptcy Payout Deal
Alexander Nikolas Gierczyk of California says the hedge fund he sold his FTX bankruptcy claim to isn't paying out what it promised.
Delaware Judge Approves FTX Estate’s Bankruptcy Plan
Most FTX creditors will get all their money back in cash, and then some.
FTX Dotcom Creditors Vote Massively in Favor of Reorganizing Plan
The plan promises to return 118% of claims in cash to most creditors, who represent about $6.83 billion in claims by value.
SEC Might Challenge FTX Bankruptcy Estate From Paying Back Customers With Stablecoins
The SEC said that it may challenge any transactions of distributions involving crypto assets to creditors.
Celsius' Bankruptcy Plan Administrator Pays Out Over $2.5B
The distributions were made in liquid cryptocurrency and cash at Jan. 16 prices to roughly two-thirds of all eligible creditors by number and 93% by value.
Three Arrows Capital Liquidators Now Sue Terraform Labs for $1.3B: Bloomberg
Earlier, in June 2023, the liquidators sought $1.3 billion from the founders of 3AC, Su Zhu and Kyle Davies.
Tether to Fight Celsius' $3.3 Billion 'Shakedown' Litigation
On Friday, Celsius asked a U.S. court to order Tether to relinquish a total of 57,428.64 bitcoin.
Bitstamp to Start Distributing Mt. Gox Proceeds on Thursday
Customers of the defunct crypto exchange lost their funds in a 2014 hack, and the imminent distribution of nearly $9 billion worth of assets to creditors has been weighing on crypto markets.
Mt. Gox Moves $3B Bitcoin to New Wallet, $130M to Bitstamp Exchange
The defunct crypto exchange has moved billions of dollars worth of bitcoin over two days.
