Genesis to return $3B to customers after court approves bankruptcy plan
Genesis Global gets court approval to repay $3 billion to customers. Judge Sean Lane overruled an objection from Genesis parent company Digital Currency Group. DCG argued payments to be in…
Appeals court orders an independent scrutiny of FTX bankruptcy
The federal appeals court in Philadelphia ordered that an independent examiner be appointed to scrutinize the FTX collapse. Bankruptcy court judge John Dorsey had earlier denied the trustee’s request. A…
3AC founders face $1.14 billion asset freeze amid ongoing bankruptcy saga
British Virgin Islands court orders freeze, alleging founders’ role in $3.3B 3AC debt. Once celebrated, 3AC founders face prison, regulatory bans, and damaged reputations. Singapore had also issued a domestic…
SafeMoon files for bankruptcy amid legal woes and executives arrest
SafeMoon, once promising, files Chapter 7 bankruptcy amid SEC fraud charges. SEC alleges executives diverted $200 million for personal use; arrests follow. Safemoon (SFM) token value drops 54% post-bankruptcy, market…
Crypto Bankruptcy Claims: What They Are And Where You Can Trade Them
What Is A Crypto Bankruptcy Claim? A crypto bankruptcy claim refers to the right of a creditor, such as a customer who lost funds when an exchange failed, to attempt…
Bybit Fintech sued for $1 billion by the FTX bankruptcy team
The FTX Bankruptcy is seeking to recover assets worth about $1 billion. The lawsuit will be heard by a Delaware Court. The funds in question were allegedly withdrawn from FTX.…
FTX and Genesis agree to resolve claims in the bankruptcy case
FTX and Genesis are bankrupt and have been trying to collect funds for creditors under court supervision. The agreement will resolve FTX’s claims against Genesis debtors and vice versa. Genesis…
Celsius reaches key settlements in bankruptcy proceedings
Celsius could return customer assets by the end of the year after parties resollved two key bankruptcy issues. CEL price rose more than 12% to $0.18 before paring gains. The…
Bittrex US files for Chapter 11 Bankruptcy
Bittrex has filed for bankruptcy just over a month after the SEC filed a lawsuit against it. The exchange has listed liabilities and assets totalling $1 billion apiece. The development…
Cathie Wood: Crypto did not force SVB and Signature Bank into bankruptcy
Cathie Wood says crypto had “nothing to do” with SVB and Signature Bank collapses. Rather, it’s Fed policy that “caught many regional banks offside.” According to her, the banks suffered…