Bankruptcy
BlockFi Says It's Taken Major Step Toward Emerging From Bankruptcy
The beleaguered lender’s restructuring plan may soon be finalized, pending a bankruptcy judge’s approval, BlockFi said in a notice to creditors.
By Elizabeth NapolitanoSep 29, 2023
FTX Bankruptcy Claims Soar in Value in Over-the-Counter Markets as Estate Recovers $7.3B
One top distressed-debt investor describes FTX claims as the “hottest ticket in town.”
By Krisztian SandorSep 28, 2023
Celsius' Bankruptcy Nears End as Creditors Approve Reorganization Plan
Most of the classes in the bankruptcy claim voted by more than 98% in favor of the reorganization.
By Amitoj SinghSep 26, 2023
FTX Sues Former Employees of Hong Kong Affiliate, Seeks $157 Million
In the run-up to FTX's bankruptcy filing, known as the Preference Period, the defendants received the benefit of withdrawals that constitute preferential transfers, the filing said.
By Amitoj SinghSep 22, 2023
Crypto Custodian Prime Trust Warns It May Lay Off 62 Employees, Nevada Records Show
The company filed for bankruptcy in August.
By Elizabeth NapolitanoSep 19, 2023
Gemini Blasts DCG and Genesis Bankruptcy Plan, Calling It ‘Misleading at Best’
Under the plan, Gemini creditors would receive a “fraction” of the money they are owed, Gemini’s lawyers said.
By Elizabeth NapolitanoSep 15, 2023
Celsius, Core Scientific Resolve Acrimonious Mining Dispute With $45M Deal
Celsius had previously claimed hundreds of millions in damages in a squabble over unpaid dues that led to its mining rigs being powered down.
By Jack SchicklerSep 15, 2023
Judge Allows Bankrupt FTX to Sell Its Crypto Holdings, Including BTC and SOL
Lawyers of FTX had submitted a filing with the U.S. Bankruptcy Court for the District of Delaware, asking for permission to sell, stake and hedge its crypto holdings in order to pay back creditors.
By Helene BraunSep 13, 2023
Surprisingly Few U.S. Customers Want Their Bittrex Money Back
The U.S. Secret Service kept millions on the exchange, company lawyers told a bankruptcy court – but other creditors have been strangely reluctant to ask for their funds back
By Jack SchicklerSep 13, 2023
Beleaguered Gemini Earn Customers Will Be Made ‘Nearly Whole,’ DCG and Genesis Say About Remuneration Plan
A filing on Wednesday states that if the assorted creditor groups vote through the proposed deal, then “Gemini Earn users are estimated to recover approximately 95-110% of their claims.”
By Ian AllisonSep 13, 2023
