Bankruptcy
Celsius Wind-down Secures $300M From Tether, Say GXD Labs, VanEck
A consortium established by the companies announced the recovery of Celsius funds tied to claims against Tether.
Bankrupt Exchange FTX Set to Repay $1.6B to Creditors Starting on Sept. 30
The latest round of redistributions marks another step in the bankruptcy estate’s plan to make creditors whole after the 2022 collapse of Sam Bankman-Fried's exchange.
NY Bankruptcy Judge Gives Celsius the Green Light to Pursue $4.3B Lawsuit Against Tether
Celsius has accused Tether of improperly liquidating nearly 40,000 bitcoins in order to cover an outstanding loan while it was on the precipice of bankruptcy in 2022.
UK Appoints First Crypto Specialist for Insolvencies
The country has been beefing up its crypto work as digital assets have soared in popularity.
New FTX EU Owner Backpack Initiates Customer Claims Process
Backpack, which purchased FTX EU for $32.7 million in January, directed customers to complete the first step of KYC verification.
BlockFi Appeals to Creditors to Come Forward and Claim Bankruptcy Distributions
With a May 15 deadline looming, just 43% of non-U.S. customers have claimed their distributions.
FTX to Begin $11.4B Creditor Payouts in May After Years-Long Bankruptcy Battle
Payments to FTX’s largest creditors will start May 30, nearly three years after the exchange collapsed.
FTX’s Initial $1.2B Payout Process to Creditors Is Underway
The payments are being distributed in U.S. dollars through BitGo and Kraken.
FTX Sues Binance, Former CEO CZ for $1.8B
The filing alleges that FTX was already insolvent and the FTT tokens used in a share repurchase transaction were worthless, and therefore the transfer should be classed as fraudulent
FTX's $228M Settlement With Bybit Brings Conclusion of Epic Liquidation Closer
The FTX bankruptcy nears its finish line, with recoveries higher than what was in accounts when it collapsed – though those assets missed out on the market recovery since 2022.
