Search
HectorDAO files for Chapter 15 Bankruptcy in the US
20.6.2024
The decentralized organization was first impacted by the collapse of the Terra Luna ecosystem in 2022 and suffered $16.4 million in losses
Bitflyer Takes Over FTX’s Defunct Japanese Unit: NHK
20.6.2024
According to a local report, the Japan-based crypto exchange Bitflyer has acquired the failed Japanese unit of FTX. The report indicates that arrangements are currently underway to take over the business. Bitflyer Acquires Bankrupt FTX Japan, Local Report Claims On June 20, 2024, NHK reported that...
Japanese exchange BitFlyer to acquire FTX Japan
20.6.2024
FTX Japan, a Japanese subsidiary of the collapsed FTX exchange, is preparing to return with a new owner after repaying its customers in 2023
FTX Victims View Bankruptcy Process as 'Second Act of Theft,' File to Recover $8B in Forfeited Assets
18.6.2024
FTX's victims are seeking a court hearing to rule on their claim that all the failed crypto exchange's forfeited assets, about $8 billion, belong to its customers, not the bankruptcy estate
FTX victims go after company’s assets from criminal forfeiture
17.6.2024
Though Sam Bankman-Fried is currently serving a prison sentence, affected FTX customers and creditors are making claims on the firm’s assets, which are still worth millions
Swiss regulator forces crypto-friendly FlowBank into bankruptcy
14.6.2024
The Swiss-based bank had ties to the TrueUSD stablecoin issuer, Techteryx, crypto asset manager CoinShares and reportedly Binance
Swiss Regulator Shutters Crypto-Linked FlowBank, Begins Bankruptcy Process
13.6.2024
FINMA announced Thursday that FlowBank’s minimum capital requirements were found to have been “significantly and seriously breached.”
Bitcoin ETFs, Bankruptcy Paybacks Have Given Crypto Lending a Second Wind
10.6.2024
Crypto lending firm Ledn survived the crypto winter by being "boring, slow and safe," according to a co-founder
FTX Loaned Millions to Australian Influencer to Ward Off Potential Litigation, Bankruptcy Report Reveals
9.6.2024
According to a bankruptcy report from FTX, the defunct cryptocurrency exchange loaned an Australian influencer slightly more than $13 million. This loan was intended to assist him in repaying investors. The exchange proposed lending Saunders millions of dollars to prevent potential harm to...
Legendary Anime Studio Behind Neon Genesis Evangelion Files for Bankruptcy
7.6.2024
It’s not every day that you wake up to find a company with a legacy like anime studio Gainax is shutting its doors. The prolific studio behind works like FLCL, Gurren Lagann, and the legendary Neon Genesis Evangelion has been struggling financially for several years. On June 7, the company...
FTX creditors object to bankruptcy reorganization plan
7.6.2024
The group of creditors, led by Sunil Kavuri, cited several concerns, including forced taxation, which would compromise creditors’ best interests
FTX Reaches Settlement With IRS on $24 Billion Tax Claim
4.6.2024
Crypto exchange FTX has reached a settlement with the Internal Revenue Service (IRS), reducing its $24 billion claim to $200 million to be paid within 60 days after the company’s restructuring plan is approved. Additionally, the U.S. tax authority will receive a $685 million lower priority...
FTX reaches $200M settlement with IRS on tax bill
4.6.2024
The agreement, which is subject to a court approval, resolves a major hurdle for FTX bankruptcy process
Bankruptcy Court Backs Bittrex in Cryptocurrency Freeze Dispute
2.6.2024
The bankruptcy proceedings of Bittrex Inc. involved a legal dispute over claims filed by Azim Ghader, who sought recovery for lost profits and damages after his cryptocurrency was frozen on the Bittrex exchange in 2017. The United States Bankruptcy Court for the District of Delaware found that...
Legal fees skyrocket in high-profile crypto bankruptcies
31.5.2024
High-profile bankruptcy cases have become a lucrative goldmine for two major law firms involved in the legal proceedings: Sullivan and Cromwell and Kirkland and Ellis
$2.18 Billion Digital Assets in Kind Returned to Earn Users, Gemini Says
30.5.2024
Cryptocurrency exchange Gemini announced on Wednesday that Earn users have received $2.18 billion of their digital assets in kind, representing 97% of their assets owed and a 232% recovery since Genesis halted withdrawals. This recovery follows a settlement with Genesis and other creditors...
Genesis Returns $2.2B in Crypto Assets to Lending Program Participants
30.5.2024
Defunct crypto lender Genesis distributed $2.18b worth of crypto to 232,000 users enrolled in Gemini Earn, an interest-accruing lending program. The distribution followed a New York bankruptcy judge approving the Chapter 11 plan last week.
The post Genesis Returns $2.2B in Crypto Assets to Lending...
Gemini returns $2.18B to Earn users following 18-month withdrawal freeze
29.5.2024
Gemini has announced a $2.18 billion distribution to its Earn program users 18 months after it suspended withdrawals
FTX Estate Sells Remaining Discounted Solana Tokens in Bid to Repay Creditors
26.5.2024
The FTX estate, responsible for managing the defunct exchange's bankruptcy, has auctioned off the last of its heavily discounted Solana (SOL) tokens.
The post FTX Estate Sells Remaining Discounted Solana Tokens in Bid to Repay Creditors appeared first on Cryptonews
Report: Investigation Finds No Fault With Sullivan & Cromwell in FTX Bankruptcy
26.5.2024
An investigation into the law firm Sullivan & Cromwell LLP, which worked with the now-defunct crypto exchange FTX, revealed that the firm was neither involved in the fraud nor aware of the financial troubles that plagued the collapsed trading platform. Sullivan & Cromwell Cleared...