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taken in the class action lawsuit against BlockFi, with the last objection to the proposed $13.2 million settlement withdrawn.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 […]
FTX Bankruptcy: $5 Billion Distribution Kick Starts Recovery Efforts
A significant milestone has been reached in the ongoing FTX bankruptcy proceedings. After months of legal battles and complex asset management, the bankruptcy administrators have initiated the second […]
FTX Begins $5 Billion Second Payment Round to Bankruptcy Claim Holders
After months of anticipation, former users of bankrupt cryptocurrency exchange FTX began receiving payments from the second phase of its bankruptcy plan. Today, FTX officials confirmed that over […]
FTX Commences $5 Billion Stablecoin Repayment Plan
Collapsed crypto exchange FTX has initiated the distribution of over $5 billion in stablecoins to its creditors, marking a significant milestone in the resolution of its bankruptcy proceedings. […]
FTX to Distribute $5 Billion to Creditors: A Step Towards Closure in Crypto Crisis
After months of legal proceedings and asset recovery efforts, FTX will distribute a significant portion of its funds – $5 billion – to creditors on May 30. This […]
US Corporate Bankruptcy Rate Soars Amidst Economic Turmoil
A record surge in corporate bankruptcies has been observed across the United States this year, marking the highest number in over a decade. This alarming trend is attributed […]
US Companies Hit 15-Year High in Bankruptcy Filings
The US business landscape is facing a major shakeup as large companies are filing for bankruptcy at their highest rate in fifteen years. A surge of 13% was […]