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

Bankruptcy

Terraform Labs launches claims portal for algorithmic UST stablecoin crash victims

Terraform Labs sets deadline for UST creditors to file claims, requiring proof of asset ownership and eligible tokens.

9 months ago

Technology

Sei Foundation looks to acquire bankrupt 23andMe in major DeSci move

Sei Foundation foresees transforming 23andMe's genetic data infrastructure into a decentralized model, prioritizing privacy and control for users.

9 months ago

Bankruptcy

Three Arrows Capital wins court approval to expand FTX claim to $1.53B

Judge Dorsey ruled against FTX because transparency issues hindered 3AC’s ability to calculate its losses swiftly.

10 months ago

Bankruptcy

FTX and Alameda unstake $23 million worth of Solana amid efforts to settle creditor debts

The unstaked Solana aims to assist in settling repayment claims while the bankruptcy proceedings continue.

10 months ago

Bankruptcy

Kraken to start second phase of FTX creditor repayments in May

FTX’s staggered repayment process advances; larger claims up next, unresolved issues remain for some.

10 months ago

Legal

US court delays Do Kwon hearing as prosecutors unveil 4 terabytes of evidence

Prosecutors presented 4 terabytes of new evidence that needs to be reviewed, prompting court to delay Do Kwon's hearing for review.

10 months ago

Bankruptcy

FTX creditors in Nigeria, Russia, China, Ukraine and others excluded from reimbursements

While FTX processed initial payouts to smaller creditors, users from excluded regions await solutions.

10 months ago

People

Sam Bankman-Fried seeks clemency, empathizes with President Donald Trump over legal convictions

The convicted FTX founder said his frustration with the Biden administration's crypto policies fueled a secrete shift in political allegiance to the Republicans.

10 months ago

Bankruptcy

FTX creditors begin receiving $1.2 billion in payouts with interest on Kraken

Receivers with claims under $50,000 benefit from full payouts plus 9% interest, while larger claimants await funds next year.

11 months ago

Bankruptcy

Phishing attempt strikes FTX creditors on the brink of repayments

FTX data leak fuels phishing scams as creditors brace for long-awaited repayments.

11 months ago

Legal

Former Celsius CEO seeks delay in sentencing amid complex legal battle

Mashinsky's defense team argued that the case's complexity and litigation obligations necessitate sentencing delay.

11 months ago

Exchanges

WazirX creditors to decide on recovery plan or risk lengthy liquidation

WazirX's phased compensation plan seeks to deliver up to 80% recovery despite skepticism and regulatory complexities.

11 months ago

Bankruptcy News

Terraform Labs launches claims portal for algorithmic UST stablecoin crash victims

Sei Foundation looks to acquire bankrupt 23andMe in major DeSci move

Three Arrows Capital wins court approval to expand FTX claim to $1.53B

FTX and Alameda unstake $23 million worth of Solana amid efforts to settle creditor debts

Kraken to start second phase of FTX creditor repayments in May

US court delays Do Kwon hearing as prosecutors unveil 4 terabytes of evidence

FTX creditors in Nigeria, Russia, China, Ukraine and others excluded from reimbursements

Sam Bankman-Fried seeks clemency, empathizes with President Donald Trump over legal convictions

FTX creditors begin receiving $1.2 billion in payouts with interest on Kraken

Phishing attempt strikes FTX creditors on the brink of repayments

Former Celsius CEO seeks delay in sentencing amid complex legal battle

WazirX creditors to decide on recovery plan or risk lengthy liquidation

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Bankruptcy News

Terraform Labs launches claims portal for algorithmic UST stablecoin crash victims

Sei Foundation looks to acquire bankrupt 23andMe in major DeSci move

Three Arrows Capital wins court approval to expand FTX claim to $1.53B

FTX and Alameda unstake $23 million worth of Solana amid efforts to settle creditor debts

Kraken to start second phase of FTX creditor repayments in May

US court delays Do Kwon hearing as prosecutors unveil 4 terabytes of evidence

FTX creditors in Nigeria, Russia, China, Ukraine and others excluded from reimbursements

Sam Bankman-Fried seeks clemency, empathizes with President Donald Trump over legal convictions

FTX creditors begin receiving $1.2 billion in payouts with interest on Kraken

Phishing attempt strikes FTX creditors on the brink of repayments

Former Celsius CEO seeks delay in sentencing amid complex legal battle

WazirX creditors to decide on recovery plan or risk lengthy liquidation

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