FTX Issues Clarification on Backpack’s Acquisition and Fund Repayment Claims
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Bankrupt cryptocurrency exchange FTX has responded to recent claims by Backpack regarding the acquisition of its European arm, FTX EU, and the…
FTX Starts Repaying Creditors After Two-Year Wait
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FTX will repay creditors $14.7-16.5 billion under a Chapter 11 deal. The company will settle smaller claims under $50,000 within 60 days….
Coinbase Legal Chief Criticizes SEC’s Vague Position on FTX Plan — Says Investors Deserve ‘Way Better’
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Coinbase’s chief legal officer has criticized the U.S. Securities and Exchange Commission (SEC) for its ambiguous position regarding FTX’s proposal to repay…
SEC Warns FTX Over Legality of Crypto Asset Distribution in Chapter 11 Plan
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The U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its “crypto asset securities.”…
Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm
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Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in…
Blockfi to Begin Interim Crypto Distributions via Coinbase This Month
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Crypto lender Blockfi announced that it will begin interim crypto distributions via Coinbase this month. U.S. clients will receive notifications, while non-U.S….
Bankruptcy Court Backs Bittrex in Cryptocurrency Freeze Dispute
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The bankruptcy proceedings of Bittrex Inc. involved a legal dispute over claims filed by Azim Ghader, who sought recovery for lost profits…
Gemini Earn Recovers 97% Of Customers' Lost Crypto
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Gemini’s bankrupt crypto lending arm has successfully recovered virtually all of its customers’ digital assets, marking one of the most successful industry…
Bankrupt Crypto Lender Genesis to Repay $3 Billion to Creditors
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U.S. Bankruptcy Judge Sean Lane approved Genesis Global’s Chapter 11 liquidation plan on Friday, enabling the bankrupt cryptocurrency lender to return approximately…