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bankruptcy

Embattled QuadrigaCX exchange to begin ‘interim distribution of funds’
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12 May, 2023

Embattled QuadrigaCX exchange to begin ‘interim distribution of funds’

Court-appointed bankruptcy trustee Ernst & Young announced its decision after consultation with estate inspectors, with details of the interim distribution...
Bittrex files for Chapter 11 bankruptcy in the wake of SEC charges
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9 May, 2023

Bittrex files for Chapter 11 bankruptcy in the wake of SEC charges

The move comes only a month after the company announced it was winding down its U.S. operations, a few weeks...
CoinFLEX restructure approved by Seychelles court; Roger Ver nowhere to be seen
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9 March, 2023

CoinFLEX restructure approved by Seychelles court; Roger Ver nowhere to be seen

Under the plan, which was proposed in September 2022, CoinFLEX creditors will own 65% of the company, while Series A...
FTX Japan resumes withdrawals, shows regulations can protect investors
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26 February, 2023

FTX Japan resumes withdrawals, shows regulations can protect investors

FTX Japan asked users to create an account with Liquid Japan, the local exchange SBF bought, before requesting to withdraw,...
Bankrupt Compute North gets court approval for liquidation plan
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22 February, 2023

Bankrupt Compute North gets court approval for liquidation plan

Compute North has reportedly eliminated $250 million from its $400 million loan burden with the likes of Marathon Digital, Generate...
Mt. Gox largest creditors choose BTC early payout: report
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21 February, 2023

Mt. Gox largest creditors choose BTC early payout: report

Mt. Gox Investment Fund and Bitcoinica have reportedly chosen to receive their payout in BTC as creditors weigh whether a...
Core Scientific to borrow $70M from investment bank B. Riley
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7 February, 2023

Core Scientific to borrow $70M from investment bank B. Riley

Core Scientific will use the funds to replace an existing credit facility from the same bank and to keep running...
Sam Bankman-Fried loses fight over FTX lawyers, dodges home invasion
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23 January, 2023

Sam Bankman-Fried loses fight over FTX lawyers, dodges home invasion

The U.S. bankruptcy court in Delaware held a hearing into the bankruptcy of FTX, Alameda Research and the countless other...
Genesis parent company files for Chapter 11 bankruptcy protection as Winklevoss kicks Silbert anew
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20 January, 2023

Genesis parent company files for Chapter 11 bankruptcy protection as Winklevoss kicks Silbert anew

Sign traders' expectations proved true as Genesis Global Capital LLC's parent company officially filed for Chapter 11 bankruptcy following a...
FTX bankruptcy filings reveal list of bagholders, including Coinbase
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12 January, 2023

FTX bankruptcy filings reveal list of bagholders, including Coinbase

New filings in the FTX bankruptcy case have revealed the full list of investors, and among Tom Brady and Gisele...
BTC miner Core Scientific to shut down 37,000 mining rigs owned by Celsius Network
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11 January, 2023

BTC miner Core Scientific to shut down 37,000 mining rigs owned by Celsius Network

Core Scientific has been in dispute with the bankrupt Celsius Network over the mining rigs, with the lender owing $7.8...
Celsius owned the assets in Earn accounts, not the users, judge rules
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10 January, 2023

Celsius owned the assets in Earn accounts, not the users, judge rules

Pre-bankruptcy, Celsius held $4.2 billion for 600,000 users in Earn accounts, digital assets which the judge ruled it legally owns...