Bankruptcy Financial News

19.05 / 04:59

business regulation Fraud FTX Court Bankruptcy Deal FTX pursues $244M clawback from ‘wildly inflated’ Embed acquisition deal

FTX’s leadership is looking to claw back more than $240 million from insiders and executives that benefited from FTX's "wildly inflated" acquisition of stock-clearing platform Embed in September.

18.05 / 02:13

Binance FTX Bankruptcy Voyager Digital crypto deposits Customers Voyager Digital Customers Will Recover 35% of Their Crypto Deposits

Bankruptcy crypto lender Voyager Digital said customers will soon recover 35 percent of their cryptocurrency deposits, following a rocky road over the past few months of multiple failed buyouts.

17.05 / 21:35

business Binance FTX Bankruptcy approved Customers Voyager bankruptcy plan approved, customers may recover 35.7% of claims initially

Crypto brokerage Voyager’s bankruptcy plan was approved by the United States Bankruptcy Court for the Southern District of New York on May 17, according to a Reuters report. Judge Michael Wiles’ order approving the procedure was published by the court a day earlier.

14.05 / 10:05

scam Quadrigacx Bankruptcy Crypto Exchange Crypto Exchange QuadrigaCX Former Users Set to Receive 13% on the Dollar in Bankruptcy Proceedings

Former users of now-bankrupt Canadian crypto exchange QuadrigaCX are set to receive 13% of their total claims.

13.05 / 06:11

business Bankruptcy creditors QuadrigaCX creditors set to receive 13% of their claims as an ‘interim dividend’

Creditors of the bankrupt Canadian crypto exchange QuadrigaCX are set to receive 13% of their total claims as part of an “interim dividend.”

11.05 / 21:43

business defi Bankruptcy BlockFi users to get back $297M from Wallet accounts: Report

A United States judge has granted permission to bankrupt crypto lender BlockFi to return $297 million to customers with deposits held in its Wallet program, Reuters reported on May 11.

10.05 / 21:47

business Court Digital Currency Group Loans Bankruptcy settlement DCG settlement with Genesis still undecided as 30-day mediation period proceeds

Digital Currency Group (DCG), the parent company of crypto firm Genesis Capital, has reported no solution to its “outstanding intercompany obligations” that could help reimburse creditors.

09.05 / 18:25

business Fraud FTX OKX Bankruptcy OKX just sent $60M in USDT, MASK token to Alameda Research

On May 9, crypto exchange OKX sent approximately $60 million worth of digital assets to wallets connected to failed hedge fund Alameda Research, according to data from crypto analytics platform Arkham Intelligence.

08.05 / 22:11

business Bittrex Bankruptcy Sec Charges Crypto platform Bittrex files for Chapter 11 bankruptcy following SEC charges

Cryptocurrency trading platform Bittrex has filed for Chapter 11 bankruptcy protection in the District of Delaware.

05.05 / 21:19

business lending Court Bankruptcy Celsius court approval Eligible Celsius users can withdraw all 'Distributable Custody Assets' following court approval

Crypto lending platform Celsius has reported that certain users will be able to take out 100% of their original funds more than 300 days after the platform froze withdrawals.

05.05 / 01:29

business Binance regulation Court Bankruptcy creditors Voyager creditors could start seeing funds in the ‘next few weeks’

Funds stuck on the platform of bankrupt crypto broker Voyager Digital may begin returning to creditors in "the next few weeks," according to a committee of Voyager creditors.

04.05 / 19:45

Law regulation FTX Bankruptcy LedgerX FTX bankruptcy judge approves sale of LedgerX

The judge presiding over crypto exchange FTX’s bankruptcy case has given the green light to a motion allowing the sale of LedgerX.

03.05 / 23:59

business FTX Court Bankruptcy FTX seeks to claw back $4B from Genesis in a battle of the bankrupt

Cryptocurrency exchange FTX is seeking to recover around $4 billion from similarly bankrupt crypto lender Genesis and a still-solvent British Virgin Islands-based entity — part of efforts to recover value for creditors.

03.05 / 05:13

business Law regulation fees FTX Bankruptcy FTX advisors billed the bankrupt firm for a whopping $103M in Q1

The lawyers and consulting firms assisting cryptocurrency exchange FTX through its bankruptcy proceedings are set to cash in a total of $103 million over the first quarter.

03.05 / 04:27

regulation lending Court Bankruptcy Celsius creditors Celsius eyes merge of entities as creditors claim distinctions were a ‘sham’

Defunct crypto lender Celsius Network is looking to combine its United Kingdom and United States entities as new court filings allege that any supposed distinction between the two companies was a “sham.”

01.05 / 01:57

business Gemini Court Bankruptcy Gemini ‘supportive’ of Genesis mediation, but frustrated over pacing

Crypto lender Genesis and its key creditor group have agreed to a 30-day mediation process in an attempt to move forward with a final restructuring plan, though one company is expressing "frustration" over the pace of progress.

28.04 / 21:47

regulation Banks Federal Reserve banking Silvergate Bankruptcy NYDFS Fed, NYDFS assess their supervisory performance after March’s big bank failures

Bank regulators in the United States have turned from introspection to confession after the high-profile bank failures in March. The New York Department of Financial Services (NYDFS) published its internal review of Signature Bank supervision on April 28, the same day the U.S. Federal Reserve Board released its review of the handling of Silicon Valley Bank (SVB).

28.04 / 01:23

business regulation Fraud Police FBI Bankruptcy Former FTX exec Ryan Salame’s home searched by FBI: Report

The home of former FTX co-CEO Ryan Salame has reportedly been searched by the Federal Bureau of Investigation (FBI) as further scrutiny falls on the executive for his close advisory role to Sam Bankman-Fried.

27.04 / 10:07

business regulation FTX Court Bankruptcy Celsius creditors Celsius creditors demand transparency on 'suspicious' FTX transactions

Celsius creditors claim that some FTX users have engaged in suspicious trades that may have manipulated the price of the Celsius (CEL) token in 2022. The creditors are seeking the help of a bankruptcy judge to unmask the users in question.

25.04 / 21:21

business Binance Bankruptcy regulatory Binance.US backs out of $1B Voyager asset purchase, blames regulatory environment

Binance.US has backed out of its agreement to purchase $1 billion of bankrupt cryptocurrency brokerage Voyager Digital assets, the company announced in a tweet. It laid the blame for the move on “the hostile and uncertain regulatory climate in the United States.”

25.04 / 14:17

business Law regulation Court Digital Currency Group Bankruptcy settlement Genesis settlement disrupted by new creditor demands, DCG says

Troubled digital currency company Genesis Capital saw its settlement disrupted by creditors in two months after the initial agreement, raising concerns about the timing of the process.

what you should know about Bankruptcy

What is Bankruptcy and why is it important?

Bankruptcy is a significant category that draws public attention. On our site, we regularly publish updates related to this subject.

Where can I find the latest updates on Bankruptcy?

All new posts about Bankruptcy can be found in the special selection. We publish information in a timely manner.

How can I verify the accuracy of information on Bankruptcy?

We rely on trusted sources to ensure that the information about Bankruptcy is reliable and helpful for our readers.