Bankruptcy


Policy

FTX Seeks to Claw Back Nearly $4B in Ongoing Bankruptcy Case

There will be a hearing on May 25 to discuss the motion by the FTX estate.

(Danny Nelson/CoinDesk)

Policy

Celsius CEO Mashinsky Denies ‘Baseless’ Fraud Claims by New York State

N.Y. Attorney General Letitia James said Mashinsky misled investors about the health of the now-bankrupt crypto lender.

Alex Mashinsky (CoinDesk)

Policy

3AC Founders’ OPNX Exchange Formally Reprimanded by Dubai Crypto Regulator

The action by the Virtual Assets Regulatory Authority targeting Kyle Davies, Su Zhu and others follows two cease-and-desist letters for operating an unregulated exchange.

Kyle Davies (left) and Su Zhu (middle). (Kyle Davies/X)

Policy

Celsius Seeks to Merge UK, U.S. Entities Amid Allegations Distinction Was a ‘Sham’

Court filings urge the resolution of an issue, which could prove key to recoveries for customers and Series B investors.

(Pixabay)

Policy

Genesis Bankruptcy Parties Agree to 30-Day Mediation Period

The process can start once the parties agree on a mediator and submit an order to the U.S. bankruptcy court.

(Genesis Trading, modified by CoinDesk)

Finance

Amid Bankruptcy, Core Scientific Signs Bitcoin Mining Hosting Contracts for Almost 18,000 Machines

The miner signed deals with three firms to host rigs at sites where the Celsius Mining fleet was recently unplugged.

Core Scientific's Marble facility in North Carolina. (Core Scientific)

Policy

Voyager Lawyers ‘Surprised’ Binance.US Canceled $1B Deal

Creditors can expect to receive between 40% and 65% recoveries, ideally in crypto, attorneys for the bankrupt crypto lender said in court Wednesday.

(Pixabay)

Finance

Out of Compute North’s Bankruptcy Rises 300MW Bitcoin Miner With Novel Energy Offering

Born out of the ashes of the Compute North bankruptcy, the new venture aims to give customers control over their energy strategy.

Saxet Infrastructure Group, a new company, is building a data center in Corpus Christi, Texas. (Saxet Infrastructure Group)

Finance

FTX's LedgerX Derivatives Exchange Sold to Miami International Holdings in Bankruptcy Auction

FTX.US purchased Ledger Holdings, the parent company of LedgerX, for $298 million in October 2021, according to audited financial documents viewed by CoinDesk.

(Getty Images)

Finance

Voyager Digital Says Binance.US Sent Letter Terminating $1B Asset Buy Deal

The crypto lender said it will return value to customers via direct distribution.

Voyager Digital's bankrupcy has left creditors in the lurch. (Danny Nelson/CoinDesk)