Bankruptcy


Finance

Alameda-Backed Crypto Trader Folkvang Is Still Standing Despite Big Hit From FTX's Demise

The firm, which managed as much as $400 million in 2021, had half of its equity parked on FTX before it collapsed.

Founder Mike van Rossum (Folkvang)

Finance

Voyager to Hold Onto $445M of Alameda Loan Repayments Pending Court Order or Settlement

Alameda, FTX's trading arm, filed suit in January to recover claw back repayments made to the crypto lender before its own bankruptcy filing.

Game7 presenta un programa de ayuda de US$100 millones para juegos basados en blockchain. (Pixabay)

Policy

SEC Objects to Binance.US’ $1B Voyager Deal, Alleging Sale of Unregistered Securities

Federal and New York regulators object to a billion-dollar deal they say may be unlawful and discriminatory as they examine Voyager's VGX token.

SEC Chair Gary Gensler (Kevin Dietsch/Getty Images)

Policy

Voyager’s Binance US Sale Plan ‘Full Steam Ahead,’ Counsel Says

97% of creditors have so far voted in favor of the plans with hours left to go in the vote, Voyager’s attorneys told a court.

Voyager CEO Steve Ehrlich (CoinDesk)

Videos

Custodia Bank CEO on State of US Crypto Regulation

In the wake of prominent crypto companies filing for bankruptcy last year, Custodia Bank founder and CEO Caitlin Long discusses the state of the U.S. crypto regulation and the outlook for regulatory clarity. Long claims she warned regulators about bank run risks tied to crypto and also discusses Custodia Bank filing an amended complaint against the Federal Reserve last Friday. "Custodia bank has been disparaged by powerful regulators and politicians and we did nothing wrong," Long said.

CoinDesk placeholder image

Finance

FTX Bankruptcy Claims Sell for 20 Cents on the Dollar in Private OTC Markets

The sales suggest distressed asset funds are projecting recoveries of about 50 cents over five years.

(Towfiqu Barbhuiya/Unsplash)

Policy

FTX Japan Customers Can Begin Withdrawing Fiat, Crypto on Feb. 21

The announcement meets a promise made in December by the ring-fenced exchange.

(Andrew Holt/Getty Images)

Finance

Crypto Miner Core Scientific Paid More Than $1M to CEO-Affiliated Jet Company For Employees

The world's largest bitcoin miner by computing power made its last payment to the firm in October 2022.

Core Scientific facility in North Carolina. (Core Scientific)

Finance

Celsius Failed to Record Some 7,000 Intercompany Transfers Worth Billions Leading Up to Bankruptcy

A lack of record-keeping could make it impossible to "fully reconstruct" the bankrupt crypto lender's multi-billion-dollar intercompany claim, court filings show.

Alex Mashinsky, fundador y CEO de Celsius Network, en Consensus 2019. (CoinDesk)

Policy

BlockFi Looks to Dismiss Bankruptcy Case for SBF’s Robinhood Shell Company

Emergent Fidelity’s case is "futile," says the bankrupt crypto lender seeking access to its 55 million Robinhood shares.

(Shutterstock)