Bankruptcy


Finance

Core Scientific to Hand Crypto Mining Rigs to NYDIG to Extinguish $38.6M in Debt

NYDIG had previously said it would object to a $70 million lifeline loan for Core if its own deal wasn't finalized.

Core Scientific facility in North Carolina. (Core Scientific)

Finance

Bankman-Fried Family Subpoenas Opposed by US Government in FTX Filing

Plans for FTX and creditors to demand information on dealings would duplicate the work of the independent examiner who has yet to be appointed, the U.S. trustee said.

Sam Bankman-Fried sale del tribunal federal en la ciudad de Nueva York. (David Dee Delgado/Getty Images)

Videos

FTX Held Roughly $1.4B in Cash at End of 2022

Bankrupt cryptocurrency exchange FTX had around $1.4 billion in cash as of the end of 2022, according to an interim financial update filed on Wednesday. Hodder Law Firm Founder and Managing Partner Sasha Hodder discusses the latest update from FTX's bankruptcy and the implications for creditors.

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Markets

Crypto Investors Can Purchase Bankruptcy 'Put Options' to Protect Funds on Binance, Coinbase, Kraken

Investment firm Cherokee Acquisition is offering the options, which will allow account holders to recover 100% of their assets in the event the major exchanges file for bankruptcy and lock customer assets.

Bankruptcy (Gerd Altmann/Pixbay)

Videos

Sam Bankman-Fried Banned From Contacting FTX Employees By Judge

A New York judge has prohibited Sam Bankman-Fried from attempting to contact any former or current employees of Alameda Research or FTX. Bankman-Fried has also been prohibited from using Signal or other ephemeral messaging applications. "The Hash" panel discusses the latest developments in FTX's bankruptcy process.

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Finance

Luxor Starts First-of-Its-Kind Bitcoin Mining Rig Marketplace for Large-Scale Orders

The market for mining machines is increasingly flooded with inventory from struggling companies.

(Eliza Gkritsi/CoinDesk)

Policy

Bankrupt Crypto Lending Platform Celsius Names Users Eligible to Withdraw Assets

Users named on the list can withdraw 94% of their assets if they can cover the withdrawal fees.

More claimants are turning up the heat on Celsius. (Unsplash)

Finance

Bankrupt Crypto Exchange FTX Had Around $1.4B Cash at End of 2022

The figure is around 19% higher than the $1.2 billion reported in November when FTX filed for bankruptcy protection.

Former FTX CEO Sam Bankman-Fried (Jesse Hamilton, modified by CoinDesk)

Videos

Independent Examiner Releases Report on Celsius Network, Bankruptcy Expert Weighs In

In September, an independent examiner was asked by a bankruptcy court to offer an outside view of what is happening at crypto lender Celsius. The report has now been published detailing the firm’s operations in the run-up to bankruptcy being declared in July. 507 Capital Managing Partner Thomas Braziel discusses the report and what to expect from Celsius’ future bankruptcy proceedings.

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