Bankruptcy News

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

Crypto powerhouse Silvergate Capital bank files for bankruptcy after 18-month wind-down

Regulatory challenges and massive withdrawals by clients forced Silvergate to cease operations and ultimately file for bankruptcy.

1 year ago

Bankruptcy

FTX wallet linked to unstaked $23.75M in Solana, raising sell off concerns

Wallets linked Alameda Research shifted around $300,000 worth of crypto to centralized exchanges.

1 year ago

Crypto

Terraform Labs moves $62.81M in BTC amid final wind-down steps

The significant Bitcoin transfer aligns with Terraform Labs' winding down process.

1 year ago

Bankruptcy

FTX bankruptcy faces new hurdles as SEC flags repayment concerns

Coinbase's Paul Grewal criticized the SEC's filing for adding uncertainty to FTX's bankruptcy proposal and stablecoin use.

1 year ago

Bankruptcy

Celsius distributes $2.53 billion, some creditors leave funds unclaimed

Ionic Digital, a new Bitcoin mining company borne out of Celsius bankruptcy, said it has energized a facility in Texas.

1 year ago

Bankruptcy

Former FTX exec files lawsuit as exchange announces reorganization gains support

FTX reorganization plan appears poised for success despite criticisms over asset valuation.

1 year ago

Legal

3AC liquidators file lawsuit against Terraform Labs seeking $1.3 billion in damages

3AC liquidators have been aggressively pursuing avenues to recover funds for creditors since the firm's collapse.

1 year ago

Bankruptcy

BitGo moves $2 billion in Bitcoin, marking progress in Mt. Gox repayments

Earlier today, Bitcoin wallet linked to BitGo executed test transactions that triggeed repayment hopes.

1 year ago

Bankruptcy

Defunct FTX and Alameda banned from crypto trading in $12.7 billion CFTC settlement

The CFTC settlement with the bankrupt firm prioritizes creditor's repayment.

1 year ago

Bankruptcy

Genesis begins distributing $4 billion in assets to creditors, creates legal fund to sue DCG, others

The defunct firm created a $70 million fund to pursue legal actions against its parent company, Digital Currency Group, and others.

1 year ago

Legal

Federal Reserve ends enforcement action against Silvergate Bank after successful liquidation

The action, effective since May 2023, required the bank to liquidate and wind down its operations in a manner that protected its depositors.

1 year ago

Bankruptcy

Mt. Gox moves $2.47 billion in Bitcoin as repayments to creditors accelerate

Kraken said it has completed Mt Gox creditors Bitcoin and Bitcoin Cash repayments.

1 year ago

Bankruptcy News

Crypto powerhouse Silvergate Capital bank files for bankruptcy after 18-month wind-down

FTX wallet linked to unstaked $23.75M in Solana, raising sell off concerns

Terraform Labs moves $62.81M in BTC amid final wind-down steps

FTX bankruptcy faces new hurdles as SEC flags repayment concerns

Celsius distributes $2.53 billion, some creditors leave funds unclaimed

Former FTX exec files lawsuit as exchange announces reorganization gains support

3AC liquidators file lawsuit against Terraform Labs seeking $1.3 billion in damages

BitGo moves $2 billion in Bitcoin, marking progress in Mt. Gox repayments

Defunct FTX and Alameda banned from crypto trading in $12.7 billion CFTC settlement

Genesis begins distributing $4 billion in assets to creditors, creates legal fund to sue DCG, others

Federal Reserve ends enforcement action against Silvergate Bank after successful liquidation

Mt. Gox moves $2.47 billion in Bitcoin as repayments to creditors accelerate

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Bankruptcy News

Crypto powerhouse Silvergate Capital bank files for bankruptcy after 18-month wind-down

FTX wallet linked to unstaked $23.75M in Solana, raising sell off concerns

Terraform Labs moves $62.81M in BTC amid final wind-down steps

FTX bankruptcy faces new hurdles as SEC flags repayment concerns

Celsius distributes $2.53 billion, some creditors leave funds unclaimed

Former FTX exec files lawsuit as exchange announces reorganization gains support

3AC liquidators file lawsuit against Terraform Labs seeking $1.3 billion in damages

BitGo moves $2 billion in Bitcoin, marking progress in Mt. Gox repayments

Defunct FTX and Alameda banned from crypto trading in $12.7 billion CFTC settlement

Genesis begins distributing $4 billion in assets to creditors, creates legal fund to sue DCG, others

Federal Reserve ends enforcement action against Silvergate Bank after successful liquidation

Mt. Gox moves $2.47 billion in Bitcoin as repayments to creditors accelerate

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