Bankruptcy
- Platform news
BlockFi Resurfaces from Bankruptcy, Restores Wallet Withdrawal Access
Crypto lending platform BlockFi has successfully emerged from bankruptcy and is now in a position to repay some of its…
Read More » - Global News
Potential $9 Billion Payout for FTX Customers Looms by Mid-2024
Bankrupt crypto exchanges FTX and FTX.US have reached a proposed settlement with creditors and debtors, paving the way for the…
Read More » - Global News
Former Alameda Research CEO Drops Bombshell: SBF Instructed Me to Appropriate Billions from FTX Customers
In a gripping courtroom drama, Caroline Ellison, former CEO of Alameda Research, took the witness stand today as a star…
Read More » - Companies
Celsius Creditors Overwhelmingly Approve Reorganization Plan
Creditors in the Celsius bankruptcy case have given their approval to a proposal that includes returning funds to them and…
Read More » - Crypto Exchanges
FTX Sues Ex-Employees of Hong Kong Affiliate for $157 Million Fraud
FTX, the bankrupt cryptocurrency exchange, has initiated a lawsuit against former employees of its Hong Kong affiliate, Salameda, aiming to…
Read More » - Global News
SVB Financial Group Nears Deal to Sell SVB Capital Amidst Competitive Bidding
SVB Financial Group, formerly the parent company of Silicon Valley Bank, is edging closer to a potential deal involving the…
Read More » - Policies & Regulations
FTX Granted Green Light to Liquidate $3.4 Billion in Crypto Assets by Bankruptcy Judge
In a significant development, the collapsed digital asset exchange FTX has received approval from Judge John Dorsey, who oversees its…
Read More » - Crypto Exchanges
Robinhood Emerges as Fifth-Largest Holder of ETH, Agrees to Repurchase $605.7M Worth of Bankman-Fried’s Stake
Robinhood, the widely used trading platform, has reached an agreement with the United States Marshal Service (USMS) to repurchase $605.7…
Read More » - Companies
What is the Sequence of Errors Behind Prime Trust’s Bankruptcy Declaration?
In a submission to the U.S. Bankruptcy Court in Delaware last Thursday, Prime Trust’s CEO Jor Law detailed how the…
Read More » - Companies
Parent Company of Prime Trust Reports $8 Million Loss from TerraUSD Investments
The parent company of crypto custodian Prime Trust, which is currently undergoing Chapter 11 bankruptcy proceedings, has disclosed a loss…
Read More »