Bankruptcy News

A U.S. bankruptcy judge has rejected a motion to freeze the assets of beleaguered crypto lending service that was filed by its users.

“We just want to know that our funds are safe,” said one Cred user

Crypto exchanges — not segregating blockchain addresses — could lead to ownership disputes in the event of insolvency, research says.

The past few years have seen a glut of cryptocurrency exchanges becoming insolvent. But what legal rights do their customers have with regards to the return of their held assets?

FCoin announced it would reopen the exchange and draw a repayment scheme thanks to community cooperation, but can it compensate the thousands of Bitcoins it lost?

Regular, non-random Bitcoin outflows from FCoin’s cold wallet point to an exit scam amid the crypto exchange platform’s shutdown.

Canada-based cryptocurrency mining company Great North Data has reportedly submitted a bankruptcy filing due to insolvency.

Two traders are suing Mt. Gox founder Jed McCaleb, and allege he knew of “serious security risks” years before 850,000 BTC was stolen in a devastating hack.

United Kingdom-based blockchain settlement startup Setl has emerged from administration.

Canadian cryptocurrency exchange QuadrigaCX has filed for creditor protection in the Nova Scotia Supreme Court.

The board of directors of cryptocurrency and e-commerce startup Zwoop reportedly filed for administration at the end of November last year.

Puerto Rico, a commonwealth estimated to have roughly US$72 billion in debts, announced this week that the accumulated debt simply cannot be paid.

According to a month-old internal document originally drafted by the management team of the Bitcoin Foundation and which has now been openly published, the foundation is considering splitting into two separate organizations.

Newly elected board member of the Bitcoin Foundation Olivier Janssens has gone to Reddit to post an extensive critique on the foundation.

Mining computer designer and cloud mining operation Cointerra files for bankruptcy, leaving debts up to 50 million USD and potentially 999 creditors unpaid. The Bitcoin mining sector is now in dire straits due to the raising operating costs of mining combined with the recent price drop.