FTX Recovery Trust Announces Third $1.6B Creditor Distribution
The FTX Recovery Trust, the organization tasked with repaying former customers and creditors of the defunct exchange, has announced a...
Bankruptcy
DCG sues Genesis over promissory note debt amid bankruptcy challenges
Digital Currency Group (DCG) has sued its lending subsidiary Genesis, asking a bankruptcy court to confirm it is owed more...
How Plushies Saved Pudgy Penguins NFTs From Bankruptcy
Just about three years ago, non-fungible token (NFT) brand Pudgy Penguins was nearing bankruptcy — now it’s projected to end...
CZ Asks US Bankruptcy Court to Invalidate FTX’s $1.76 Billion Lawsuit
Changpeng “CZ” Zhao, former CEO of Binance, asked a Delaware bankruptcy court to dismiss FTX’s lawsuit against him. He claimed,...
BlockFi Bankruptcy Administrator and DOJ Settle $35M Crypto Lawsuit
The administrator overseeing BlockFi’s bankruptcy wind-down and the US Department of Justice (DOJ) have reached a settlement to dismiss a...
Ripple Shareholder Linqto Faces Bankruptcy Hearing
Linqto, a private investment platform that allows investors to buy shares in pre-initial public offering companies, has filed for Chapter...
Alex Mashinsky forfeits rights to Celsius assets amid ongoing bankruptcy process
Alex Mashinsky, the former CEO of Celsius, has agreed to surrender all rights to assets tied to the collapsed crypto...
FTX Bankruptcy Estate distributes $5 billion
The FTX Recovery Trust has initiated a second round of payments to its creditors. On May 30, the Trust started...
FTX Creditors to Receive Over $5B Starting May 30
The FTX Recovery Trust has announced it will begin disbursing more than $5 billion to creditors from May 30. This...
Fake Gemini Bankruptcy Emails Target Users
Crypto scams are surging as more people flock to digital currencies, with fraudsters exploiting the industry’s rapid growth to deceive...