Bankruptcy News

BlockFills has filed for Chapter 11 bankruptcy in the US after suspending deposits and withdrawals last month, citing deteriorating crypto market conditions.

Administrator Todd Snyder accused Jane Street of improperly communicating with Terraform insiders and trading on alleged non-public information, according to the lawsuit.

Sam Bankman-Fried seeks a new FTX trial, alleging DOJ witness pressure and citing a declaration disputing the prosecution’s insolvency claims, according to a new filing.

The SEC was satisfied with Gemini’s agreement to contribute $40 million toward the full recovery of Gemini Earn investors’ assets lost as a result of the Genesis bankruptcy.

The class-action suit, filed against Cuban and others in August 2022 shortly after Voyager filed for bankruptcy, alleged “false representations and other deceptive conduct.“

Mt. Gox just moved 10,608 BTC worth $953 million, its first big transfer in months, as $4 billion in creditor repayments stay delayed until October 2026.

The FTX Recovery Trust dropped a motion to limit payouts to creditors in countries including China, which holds about $380 million in claims.

FTX creditors may get only a fraction of their expected payouts once adjusted for Bitcoin, Ether and Solana’s current prices, according to creditor representative Sunil.

After accumulating around $8 billion worth of losses and debt, Iran’s Ayandeh Bank has been dissolved, with customer assets absorbed by the state-owned Bank Melli.

Argo Blockchain will delist from the London Stock Exchange after its main creditor, Growler Mining, seized control through a debt-for-equity swap.

From Tokyo Whale to the Halloween deadline, Mt. Gox’s long journey through Bitcoin history is nearing its end.

Tether’s $299.5 million Celsius settlement could ignite a debate over stablecoin accountability and the legal risks facing issuers in future crypto bankruptcies.

Sam Bankman-Fried claimed that handing over FTX to its current CEO was the “single biggest mistake” that prevented him from saving the exchange.

The lawsuit alleges former FTX CEO Sam Bankman-Fried directed investments in the crypto mining company, funds the exchange’s trust wants returned.

The distribution marks the third payout to creditors of the former exchange as it continues dispensing up to $16.5 billion in funds.