Bankruptcy


Policy

FTX Victims View Bankruptcy Process as 'Second Act of Theft,' File to Recover $8B in Forfeited Assets

Attorneys for the victims said the bankruptcy process has left FTX customers feeling "aggrieved and robbed."

FTX logo (Adobe Firefly)

Policy

Nearly All FTX Creditors Will Get 118% of Their Funds Back in Cash, Estate Says in New Plan

The new reorganization plan must first be approved by a Delaware bankruptcy court.

Current FTX CEO John J. Ray has worked to clawback funds spent by the previous operators of the defunct FTX exchange. (Wikimedia Commons)

Policy

Former Cred Executives Indicted on Wire Fraud, Other Charges

The defunct crypto lender filed for bankruptcy in 2020.

The U.S. Department of Justice (Getty Images).

Policy

FTX to Sell $884M of Anthropic Shares to Two Dozen Institutional Investors

The value of FTX's FTT token surged 10% on the news.

Sam Bankman-Fried, right, outside court in July 2023. (Nikhilesh De/CoinDesk)

Policy

FTX Was Down to Last 105 Bitcoins When Bankruptcy Rescue Crew Arrived: John Ray

Ray said Bankman-Fried’s victims “will never be returned to the same economic position they would have been in today absent his colossal fraud.”

New FTX CEO John J. Ray III (C-Span)

Policy

3AC Co-Founder Kyle Davies Says He Won’t Apologize for Crypto Hedge Fund Going 'Bankrupt'

Davies also said he wouldn't return to Singapore "immediately" in order to effectively avoid jail and wait for some sort of settlement.

Kyle Davies (left) and Su Zhu (middle). (Kyle Davies/X)

Policy

FTX Claims Holder Attestor Takes Creditor to Court Over Alleged 'Seller’s Remorse'

The London-based firm says the creditor promised to fork over two FTX accounts, only to back out of the deal after the value of its claims skyrocketed.

The now-former FTX Arena (Danny Nelson/CoinDesk archives)

Policy

Terraform Labs Allowed to Hire Law Firm Dentons in Bankruptcy Case by U.S. Court: Reuters

Dentons agreed to send $48 million back to Terraform after objections from Terraform's creditors, the SEC, and the U.S. Justice Department.

Terraform Labs CEO Do Kwon on CoinDesk TV in December. (CoinDesk)

Finance

Bankrupt Cryptopia Exchange to Return Crypto to Some Creditors

The New Zealand exchange went offline in 2019 following a cyber attack that saw millions of dollars worth of tokens stolen.

Wellington, New Zealand (Wolf Zimmermann/ Unsplash)