Tether has reached a settlement of $299.5 million to resolve outstanding bankruptcy claims filed against it by Celsius Network. This agreement, announced by BRIC, a joint venture between […]
Sam Bankman-Fried Confesses Biggest FTX Mistake Was Transferring Control to John Ray
Three years after the collapse of FTX, Sam Bankman-Fried, convicted for massive fraud, breaks his silence from prison. His biggest regret? Not the illegal operations themselves, but entrusting […]
Sam Bankman-Fried’s Decision to Transfer FTX Control Blocked Potential Rescue Effort
Sam Bankman-Fried has acknowledged his decision to transfer control of FTX to John J. Ray III as his gravest mistake, one that effectively blocked a potential last-minute investment […]
Sam Bankman-Fried Regrets Stepping Down From FTX, Claims Loss Cost Him Rescue Opportunity
Former FTX CEO Sam Bankman-Fried has admitted his decision to relinquish control of the exchange to John J. Ray III in November 2022 was a significant mistake that […]
Bankruptcy Denied for Nathan Fuller in Crypto Ponzi Scheme
Nathan Fuller, operator of Privvy Investments LLC, has been denied a discharge in his bankruptcy proceedings following an investigation by the Department of Justice (DOJ) into a $12.5 […]
U.S. Trustee Stops $12.5 Million Crypto Bankruptcy Case
A U.S. court has blocked a $12.5 million bankruptcy case involving Nathan Fuller, owner of Privvy Investments LLC. This action was taken due to evidence of fraud and […]
BlockFi Settlement Approves: Class Action Objections Dismissed
A major step forward has been taken in the class action lawsuit against BlockFi, with the last objection to the proposed $13.2 million settlement withdrawn. Yacov Baron’s challenge […]
Crypto Stepping Up as US Bankruptcy Rate Soars
With U.S. bankruptcy filings hitting a record high, cryptocurrency markets are playing an increasingly crucial role in offering liquidity to businesses struggling with credit constraints. As corporate defaults […]
Celsius’s Third Distribution: $220.6 Million Brings Relief to Creditors
The crypto community has been anxiously watching the recovery efforts of bankrupt lender Celsius, and now there’s a significant development that offers a ray of hope for affected […]
Ripple’s Linqto Settlement: Customers’ Assets Safe from Loan Plan
A major development emerged in the bankruptcy proceedings of Linqto, a private investment platform that used customer shares as collateral for a $60 million loan. Today, during a […]
US Corporate Bankruptcy Rate Surges to 15-Year High
July saw a dramatic surge in US corporate bankruptcies, with 71 large companies filing for Chapter 11 protection – the highest monthly total since 2020. This marks an […]
FTX Delays Repayments for Crypto Investors; Payoneer Chosen as Distribution Agent
Crypto exchange FTX, facing bankruptcy proceedings, has selected fintech platform Payoneer to handle distribution of funds to creditors. The announcement came with the addition of Payoneer to a […]
FTX Appoints Payoneer as Third Asset Distributor in Rebound Effort
FTX has taken a significant step forward in its bankruptcy recovery efforts, appointing Payoneer as the third distributor for asset payouts to creditors. This follows the integration of […]
FTX Begins $5 Billion Creditor Distributions, Impacting Crypto Markets
FTX Trading Ltd. initiated its second round of creditor payouts totaling $5 billion, starting May 30th, 2025. The FTX Recovery Trust will manage these distributions to eligible creditors […]
FTX Begins $5 Billion Creditor Payout: Kraken Facilitates Distribution
FTX’s Chapter 11 bankruptcy proceedings have initiated the distribution of $5 billion to creditors via Kraken and BitGo, two prominent cryptocurrency service providers. This disbursement is a crucial […]