Bankruptcy

Bankruptcy

Policy

Voyager Seeks Bankruptcy Protection Amid Crypto Credit Crisis

The Toronto-based lender filed for Chapter 11 bankruptcy in New York late Tuesday.

Voyager CEO Steve Ehrlich (Danny Nelson/CoinDesk)

Markets

Three Arrows Paper Trail Leads to Trading Desk Obscured Via Offshore Entities

As Three Arrows Capital collapsed under market pressure, its much-lesser known trading desk, TPS Capital, remained active, sources say. But a complex ownership structure might frustrate creditors' efforts to collect.

Cayman Islands (Creative Commons)

Finance

Three Arrows Capital Files for Bankruptcy in New York Tied to British Virgin Islands Proceeding

A British Virgin Islands court ordered Three Arrows' BVI branch into liquidation earlier this week.

Su Zhu of Three Arrows Capital (CoinDesk)

Finance

CoinFLEX to Launch a $47M Recovery Token to Solve Withdrawal Issues

The exchange said last week it was halting withdrawals amid market declines and counterparty uncertainty.

CoinFLEX halted withdrawals. (FLY:D/Unsplash, modified by CoinDesk)

Markets

Coinbase Has No Risk of Bankruptcy, New 10-Q Disclosure Language Is SEC Requirement, CEO Armstrong Says

The new language points out that customers could be treated as general unsecured creditors if there ever were to be such proceedings.

Coinbase CEO Brian Armstrong (Coinbase)

Finance

DeFi Startup Earnity Accused of IP Fraud in Cred Bankruptcy

A new court filing says Earnity purposely hid its ties to the crypto lender.

Cred co-founder and CEO Dan Schatt (CoinDesk archives)

Finance

Mt. Gox Rehabilitation Plan Worth Billions in Compensation Approved; Finalization to Follow

Creditors should be able to register to receive their funds once the plan is finalized next month.

Mt. Gox creditors (Kiyoshi Ota/Bloomberg via Getty Images)

Finance

Mt. Gox Voting Deadline for Creditors Ends

The process of making Mt. Gox’s victims whole has been lengthy, drawn-out, and characterized by delays and legal disputes.

Clock drawn in sand at water's edge

Policy

Bankrupt Crypto Lending Platform Cred Had UK Fugitive in Charge of Funds

James Alexander was employed as the CCO of Cred, a crypto lender that filed for bankruptcy in November.

bars, jail

Finance

Here's What Happened at Crypto Lender Cred's Latest Bankruptcy Hearing

Judge John Dorsey of the Delaware Bankruptcy Court rejected a motion to appoint a Chapter 11 trustee to oversee Cred’s restructuring.

Zoom screenshot of Judge John Dorsey