Bankruptcy


Policy

FTX Wants to Sell $744M Worth of Grayscale, Bitwise Assets

Apart from using an investment adviser, the debtors have proposed setting up a pricing committee in which all stakeholders are represented.

(CoinDesk)

Finance

A Year After Sam Bankman-Fried's Downfall, Solana and Other FTX Holdings Are Flying High

The FTX founder's downfall began on Nov. 2, 2022 – a year ago Thursday – when CoinDesk published a big scoop. Jurors are poised to begin deliberating his fate on the anniversary of that story, at a time when the SOL tokens FTX owns just got $1 billion more valuable.

FTX logo (Adobe Firefly)

Markets

FTX Moves Millions Worth of LINK, MATIC, AGLD to Coinbase as Sam Bankman-Fried Testifies

The latest transactions followed $19 million worth of crypto moved from FTX cold wallets to exchanges.

MATIC and LINK moved from FTX-related wallets (Arkham Intelligence)

Videos

Cost of Not Enacting Crypto Regulation Is 'Extremely High,' Legal Expert Says

As part of CoinDesk's State of Crypto 2023 event in Washington, D.C., Vanderbilt Law School Professor and Associate Dean Yesha Yadav discusses the string of bankruptcies the crypto industry has seen and how bankruptcy courts have effectively become "quasi-regulators in the mix."

CoinDesk placeholder image

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Finance

FTX Cold Wallets Move $19M in Solana, Ether to Crypto Exchanges

The debtor group in control of FTX assets has conducted various on-chain transactions in the past few weeks.

FTX EU will allow customers to withdraw funds that have been locked on the platform. (CraigRJD/Getty Images)

Finance

Sam Bankman-Fried’s Defunct Exchange FTX Receives Multiple Bids for Restart

Options also include a sale of the exchange, which boasted 9 million users before going bankrupt.

Close up of former FTX CEO Sam Bankman-Fried

Policy

FTX Creditors' Lawyers Promote Deal Giving Investors 90% of What's Left in SBF's Empire

Lawyers for non-U.S. creditors of FTX are arguing that they've got a great deal in the exchange's bankruptcy, giving those who had funds in FTX.com 90% of the liquidation.

Close up of former FTX CEO Sam Bankman-Fried

Policy

BlockFi Bankruptcy Judge Says He Wants 3AC’s $284M Claim Resolved in Mediation

A bankruptcy judge rebuffed Three Arrows Capital’s request to lift a stay on its claim against BlockFi, setting a January mediation he hopes negates the need for a February hearing.

Publicidad de BlockFi en Union Station, Washington D. C. (Archivo de CoinDesk)

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Finance

Jump Trading Lost Almost $300M in FTX’s Collapse, Michael Lewis Says in ‘Going Infinite’

This makes the trading giant one of FTX’s top creditors, Lewis wrote, citing documents from the crypto exchange’s former chief operating officer, Constance Wang.

Jump Crypto President Kanav Kariya (Danny Nelson)

Policy

BlockFi Says It's Taken Major Step Toward Emerging From Bankruptcy

The beleaguered lender’s restructuring plan may soon be finalized, pending a bankruptcy judge’s approval, BlockFi said in a notice to creditors.

Publicidad de BlockFi en Union Station, Washington D. C. (Archivo de CoinDesk)