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Bankruptcy News
Financial instability continues to shake the crypto industry, and bankruptcy news tracks major collapses of exchanges, lending platforms, and hedge funds. From liquidity crises to court battles, bankruptcies have long-term effects on investors, creditors, and the broader digital asset market. Regulatory responses continue to shape how insolvencies are handled.
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As U.S. bankruptcies climb past pandemic levels, is crypto becoming the unexpected safe harbor for capital hunting?
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Celsius repayment update — crypto lender starts $220.6M third payout, bringing creditor recovery close to 65%.
BTC
Bitcoin
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FTX’s bankruptcy case continues to move forward as the exchange prepares for its next round of creditor repayments, set to begin at the end of September. The update offers progress for creditors still waiting nearly three years after FTX’s collapse…
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FTX’s bankruptcy estate is pushing back against a $1.5 billion claim from Three Arrows Capital, arguing the failed hedge fund is trying to recover losses from its risky bets. In a 94-page objection filed June 20 in the U.S. Bankruptcy…
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FTX has declared it is partnering with distribution service provider Payoneer to distribute funds to affected customers. Payoneer will reportedly act as an optional intermediary in reimbursing funds. According to the official press release, Payoneer will assist in distributing compensation…
FTT
FTX
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Crypto lender Genesis Global Capital has filed two lawsuits against its parent company, Digital Currency Group, and CEO Barry Silbert, seeking to recover over $1 billion in allegedly improper transfers made while Genesis was insolvent. According to a May 20…
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FTX plans to commence a $5 billion second distribution to eligible creditors on May 30, 2025. FTX Trading Ltd. and the FTX Recovery Trust announced the upcoming distribution via a press release on May 15. The $5 billion set for…
FTT
FTX
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Bankrupt cryptocurrency exchange FTX appears to owe a significant sum of money to creditors in more than twenty countries, including Ukraine. Crypto investors from more than 20 customers, including Ukraine, China, and Russia, are not eligible for FTX distributions, Sunil…
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Defunct crypto exchange FTX will commence its next distribution on May 30, following initial repayment that started this week.
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The FTX estate kicked off creditor repayments on Feb. 18 by 10 a.m. Eastern Time, almost three years after the crypto exchange collapsed.
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Traders who own Ethereum in their FTX holdings stand to gain back $2,500 as FTX repayments for its Bahamas creditors start this month. The FTX repayment plan, scheduled to start on Feb. 18, will repay creditors’ claims in full, including…
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FTX confirmed readiness to begin repayments for Bahamas creditors this month, ahead of larger disbursements expected in Q1 2025.
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Cryptocurrency exchange Backpack issued a statement addressing controversy surrounding its purchase of FTX EU. Questions about the sale of FTX EU and who’s responsible for customer funds have sparked a response from Backpack Exchange, after the FTX estate’s statements left…
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Bankrupt crypto exchange Cryptopia returns around $225 million worth in cryptocurrency to account holders via liquidators. This is the first phase of Cryptopia’s distribution plan since it went bankrupt in 2020. According to the NZ Herald, the New Zealand-based crypto…
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Two decades after its collapse, the Enron brand is making a surprising return, this time dabbling in crypto and NFTs under a satirical rebranding. Enron is back, but only if you believe birds aren’t real. Twenty-three years after Enron became…
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Enron Corporation plans to relaunch its business by leveraging blockchain technology following its historical collapse in 2001.
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