Search
Celsius‘ motion to extend timeline for restructuring plan faces objection from creditors
9.2.2023
“It is time to allow the Debtors’ customers to propose their own plan for the assets that they were defrauded into investing with Celsius,” said a Withhold account holders’ filing
Major Crypto ATM Operator Coin Cloud Files for Bankruptcy
9.2.2023
One of the largest cryptocurrency ATM operators, Coin Cloud, which claims to operate more than 5,000 crypto ATMs, has filed for bankruptcy in the U.S. The company’s largest creditor is Genesis Global Trading, whose parent company also recently filed for bankruptcy in the U.S. Coin Cloud Files...
Three Arrows Capital Founders Launch Exchange Where You Can Trade 3AC Bankruptcy Claims
9.2.2023
Named Open Exchange, the platform aims to be a home for trading what it says is a $20 billion market of claims against bankrupt crypto firms, including those of 3AC
Bitfarms settles outstanding loan with BlockFi for $7.75M
9.2.2023
The Toronto-based Bitcoin mining company has reduced its debt by nearly 85% since June 2022
What creditors can expect from Genesis’ bankruptcy — and what others can learn
8.2.2023
Gemini Earn participants are among the many groups likely to be disappointed with the outcome of Genesis’ Chapter 11 bankruptcy filing
FTX debtors can issue subpoenas to company 'insiders', says court
8.2.2023
The list of FTX insiders included former CEO Sam Bankman-Fried, former Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang, and members of SBF’s immediate family
Coin Cloud crypto ATM operator files for bankruptcy, owes over $100M to Genesis
8.2.2023
The company was in “hyper-growth” in January 2022, now it has over 5,000 creditors and debts over $100 million; bankrupt Genesis is its largest creditor
3AC founder has 'chosen to ignore his duties' by not responding to subpoena, say bankruptcy lawyers
8.2.2023
According to the filing, Kyle Davies was “without question” aware of the subpoena posted to Twitter, citing the 3AC founder's online activity and attempts to raise funds for GTX
3AC Co-Founder Kyle Davies Fails to Respond to Liquidators’ Subpoena Despite Twitter Delivery
8.2.2023
According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via Twitter. Representatives from advisory company Teneo...
Bitcoin ATM Operator Coin Cloud Files for Bankruptcy With Liabilities of $100M-$500M
8.2.2023
Coin Cloud was provided an unsecured loan of $100 million from Genesis Global Trading
FTX Bankruptcy Judge Allows Company to Subpoena Founder Bankman-Fried, Other 'Insiders'
8.2.2023
U.S Judge John Dorsey ordered that FTX's new leadership and its official creditor committee can subpoena the company's founders and former executives, including Sam Bankman-Fried, Gary Wang, Caroline Ellison, Nishad Singh and Bankman-Fried's family
FTX Lawyers Sullivan & Cromwell Bill $7.5M for First 19 Day's Bankruptcy Work
8.2.2023
The more than 151 staff assigned to the case worked a combined 6,500 hours in November looking at legal disputes, hacks, and corporate governance
FTX Bankruptcy: Judge Delays Decision on Appointing Independent Examiner Amid Cost Concerns
7.2.2023
Judge John Dorsey has delayed his decision on whether to appoint an independent examiner in the FTX case. At the latest hearing, Dorsey acknowledged that the cost to debtors could reach tens of millions of dollars. Currently, the bankruptcy judge is hopeful that the issue will be resolved through...
Gemini to pump $100 million into Genesis for its bankruptcy recovery
7.2.2023
Earn users have seen a fall that no one expected. Their holdings are stuck with withdrawals halted by – now a bankrupt venture – Genesis. Gemini appears to be coming to the rescue of the Earn users by announcing its plan to pump $100 million into Genesis for bankruptcy recovery....
Sam Bankman-Fried lawyers reach agreement on use of messaging apps
7.2.2023
The agreement comes as a result of federal prosecutors looking to ban SBF from contacting current or former FTX and Alameda employees while on house arrest
Genesis entity going up for sale as DCG makes creditor pact
7.2.2023
Digital Currency Group (DCG) plans to hand Genesis its stake in the Genesis Global Trading business entity which will then be sold, pending court approval
DCG Creditor Pact Revealed With Plan to Sell Genesis Trading Unit as Part of Bankruptcy
6.2.2023
FTX CEO testifies on 'pure hell' post-bankruptcy days at exchange
6.2.2023
John Ray said when he took control of FTX in November 2022, there was a “massive scramble for information” related to the exchange's funds, insurance, and personnel
FTX Debtors Demand Return of Funds Given to US Politicians and Super PACs
6.2.2023
FTX debtors are seeking to claw back millions of dollars given to U.S. political action committees (PACs) and political figures. Confidential letters have been sent to individuals and organizations, requesting the return of the funds by Feb. 28, 2023. Some bureaucrats, such as Democratic Senators...
FTX seeks to claw back political donations by the end of February
5.2.2023
FTX's new management is sending messages to politicians and political groups to return donations by the end of the month