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Coverage of bankruptcies and restructurings reshaping the digital asset and financial sectors.

Bankrupt FTX wants to sell $175 million claim against Genesis to aid creditor repayment

Bankrupt FTX wants to sell $175 million claim against Genesis to aid creditor repayment

Genesis claims are trading for around 65 cents on the dollar as of January ending.

FTX abandons resurrection plans in favor of liquidation to fully repay customers affected by collapse

FTX abandons resurrection plans in favor of liquidation to fully repay customers affected by collapse

The decision was announced by FTX's attorney, Andy Dietderich, during its latest bankruptcy court hearing on Jan. 31.

Terraform Labs filed for bankruptcy to protect against potential SEC money judgment

Terraform Labs filed for bankruptcy to protect against potential SEC money judgment

Terraform Labs CEO explained that the firm's current focus is not profit generation.

Fetch.ai claims ‘business as usual’ amidst opposing reports of insolvency

Fetch.ai claims ‘business as usual’ amidst opposing reports of insolvency

The company has seemingly completed a restructuring and sale of its business.

Celsius billion-dollar Ethereum shift stirs speculation on creditor payback plans

Celsius billion-dollar Ethereum shift stirs speculation on creditor payback plans

The embattled firm creditors are eagerly anticipating the repayment of their stuck assets on the platform.

New FTX probe should be limited in cost and duration: bankruptcy judge

New FTX probe should be limited in cost and duration: bankruptcy judge

Judge John Dorsey said that the examination should take 45 days or less.

Terra tokens fall following Terraform Labs Chapter 11 bankruptcy filing

Terra tokens fall following Terraform Labs Chapter 11 bankruptcy filing

The value of several Terra-related tokens nosedived following the bankruptcy filing.

Core Scientific wins court approval to enact reorganization plan, exit bankruptcy

Core Scientific wins court approval to enact reorganization plan, exit bankruptcy

The Bitcoin mining company expects to pay its debt in full.

Bankrupt FTX’s token valuation rebounds to over $1 billion as customers contest bankruptcy plan

Bankrupt FTX’s token valuation rebounds to over $1 billion as customers contest bankruptcy plan

Several customers of the failed exchange have objected to FTX's plan to dollarize their digital asset's claims.

Bankrupt FTX seeks to sell luxury Bahamian properties amid bankruptcy proceedings

Bankrupt FTX seeks to sell luxury Bahamian properties amid bankruptcy proceedings

Court filing showed that some of these properties were purchased from international sporting giants.

Digital Currency Group still owes Bitcoin, USD to Genesis, filing suggests

Digital Currency Group still owes Bitcoin, USD to Genesis, filing suggests

DCG had publicly claimed it had repaid the loan it owed to its bankrupt subsidiary Genesis.

Celsius to unstake $470M Ethereum amid restructuring efforts, raising market concerns

Celsius to unstake $470M Ethereum amid restructuring efforts, raising market concerns

Crypto community members suggest that the move could negatively impact Ether's price.