Bankruptcy


Policy

U.S. Court Asked to Reverse Decision to Not Appoint Independent Examiner in FTX Bankruptcy

A Delaware bankruptcy court judge had previously denied a motion to appoint a neutral examiner to avoid a lengthy and costly investigation that would slow the progress of the bankruptcy proceedings.

Oklahoma's new laws protect Oklahomans’ right to self-custody their crypto and prevent the state and local governments from banning crypto mining (Unsplash)

Policy

Fahrenheit Consortium Is Lead Bidder in Bankruptcy Auction for Celsius Assets

The assets include a loan portfolio, mining rigs and infrastrsucture and cryptocurrency worth as much as $2 billion.

(Pixabay)

Policy

BlockFi Claims Against FTX, Alameda 'Largest Driver' of More Than $1B in Asset Recoveries, Firm Says

The litigation supporting claims against the bankrupt crypto lender's commercial counterparties is set to make a difference "in excess of $1 billion" to creditors, court filings say.

(Pixabay)

Policy

BlockFi Customers Can Be Repaid $300M Held in Custodial Accounts, Judge Says

A further $375 million that users tried to transfer out of interest-bearing accounts after Nov. 10 still belongs to the estate, Bankruptcy Judge Michael Kaplan said

BlockFi CEO Zac Prince at Consensus 2019 (CoinDesk)

Finance

U.S. Internal Revenue Service Files Claims Worth $44 Billion Against FTX Bankruptcy

The largest of the claims includes a $20.4 billion claim against Alameda Research LLC, which details nearly $20 billion in unpaid partnership taxes.

The Internal Revenue Service has shared the form that U.S. taxpayers will be using soon to report their crypto gains. (Shutterstock)

Policy

Bittrex’s U.S., Maltese Arms Processed $425M in Withdrawals Since April 1, Attorney Says

The company filed for bankruptcy protection earlier this week, but says no customer funds were re-used and that liabilities meet assets

Oklahoma's new laws protect Oklahomans’ right to self-custody their crypto and prevent the state and local governments from banning crypto mining (Unsplash)

Policy

DCG Looks to Refinance Outstanding Genesis Obligations, Raise Growth Capital

The crypto conglomerate may owe its bankrupt lending division hundreds of millions in loan payments, due in May.

Barry Silbert. CEO & Founder Digital Currency Group (DCG)

Policy

Bankrupt Crypto Exchange QuadrigaCX Will Start Interim Distribution for Some Users, EY Says

EY will make the procedure to file the claims public in the coming weeks,

Quadriga Fintech Solutions CEO and founder Gerald William Cotten (Quadriga CX)

Policy

U.S. Crypto Exchange Bittrex Files for Bankruptcy in Delaware

Bittrex already announced its intention to exit the U.S., but also faces an SEC enforcement action.

Bittrex filed for bankruptcy in the U.S. (Marco Verch/Flickr)

Policy

Voyager Digital Plans to Liquidate Assets, Wind Down After Sale Dreams Crushed

Voyager’s creditors will recover an estimated 36% of their assets – a far smaller slice of the pie than they would have received if the platform’s sale to FTX or Binance US went through.

Right after Voyager CEO Stephen Ehrlich received a letter this week from U.S. regulators accusing his company of misleading customers, the FDIC issued a broader warning to banks to not let it happen again. (Joe Raedle/Getty Images)