Browsing Tag
Bankruptcy
161 posts
3AC liquidators file lawsuit against Terraform Labs seeking $1.3 billion in damages
Three Arrows Capital (3AC) liquidators have filed a lawsuit against Terraform Labs, seeking $1.3 billion in damages for…
Genesis concludes bankruptcy with $4b creditor payout
Genesis Global and affiliated entities have begun disbursing $4 billion in creditor payouts following the completion of their…
Genesis begins distributing $4 billion in assets to creditors, creates legal fund to sue DCG, others
Genesis has finalized its restructuring process and started distributing roughly $4 billion in digital assets and US dollars…
Total Recall: Why the crypto community still worries about the Mt. Gox collapse
Ten years after its collapse, the Mt. Gox crypto exchange finally began paying off creditors. What is the…
Celsius Network initiates legal action to recover funds from pre-bankruptcy withdrawals
Bankrupt crypto lender Celsius Network’s litigation administrator has initiated legal action against account holders who have not settled…
Binance CEO says customers have ‘very little’ assets in bankrupt FlowBank
Binance head Richard Teng says the exchange is in “close touch” with its customers regarding the bankruptcy of…
FTX sells remaining Anthropic shares for $452m
FTX first tried to sell its Anthropic shares in June 2023, but the attempt was halted. Since then,…
Gemini Earn Recovers 97% Of Customers’ Lost Crypto
Gemini’s bankrupt crypto lending arm has successfully recovered virtually all of its customers’ digital assets, marking one of…
FTX examiner recommends further investigation into shortfalls, S&C’s legal representation
The court-appointed examiner, Robert J. Cleary, has released a detailed report recommending additional investigations into several aspects of…
Bankrupt Crypto Lender Genesis to Repay $3 Billion to Creditors
U.S. Bankruptcy Judge Sean Lane approved Genesis Global’s Chapter 11 liquidation plan on Friday, enabling the bankrupt cryptocurrency…
