Bankruptcy

The now-former FTX Arena (Danny Nelson/CoinDesk archives)
FTX Claims Holder Attestor Takes Creditor to Court Over Alleged 'Seller’s Remorse'
The London-based firm says the creditor promised to fork over two FTX accounts, only to back out of the deal after the value of its claims skyrocketed.
The now-former FTX Arena (Danny Nelson/CoinDesk archives)

Terraform Labs CEO Do Kwon on CoinDesk TV in December. (CoinDesk)
Terraform Labs Allowed to Hire Law Firm Dentons in Bankruptcy Case by U.S. Court: Reuters
Dentons agreed to send $48 million back to Terraform after objections from Terraform's creditors, the SEC, and the U.S. Justice Department.
Terraform Labs CEO Do Kwon on CoinDesk TV in December. (CoinDesk)

Wellington, New Zealand (Wolf Zimmermann/ Unsplash)
Bankrupt Cryptopia Exchange to Return Crypto to Some Creditors
The New Zealand exchange went offline in 2019 following a cyber attack that saw millions of dollars worth of tokens stolen.
Wellington, New Zealand (Wolf Zimmermann/ Unsplash)

(Nikhilesh De/CoinDesk)
SEC Objects to Terraform’s $166M Retainer of Law Firm Dentons: Reuters
Additionally, the SEC has said that Terraform should not be allowed to hire law firm Dentons or pay litigation costs for employees, the report said.
(Nikhilesh De/CoinDesk)

Gemini founders Tyler and Cameron Winklevoss. (Joe Raedle/Getty Images)
Winklevoss Twins' Gemini Promises to Return $1.1B to Earn Customers
The pact is tied to the bankruptcy of Genesis Global Capital, Gemini's partner for its Earn program.
Gemini founders Tyler and Cameron Winklevoss. (Joe Raedle/Getty Images)

Barry Silbert's Digital Currency Group is objecting to the settlement that Genesis struck with the New York attorney general. (CoinDesk)
DCG Calls Out Subsidiary Genesis' Settlement With New York as 'Subversive'
DCG filed an objection in bankruptcy court to the deal its own subsidiary secured to end the New York attorney general's investigation of fraud and money laundering controls.
Barry Silbert's Digital Currency Group is objecting to the settlement that Genesis struck with the New York attorney general. (CoinDesk)

Sam Bankman-Fried leaving court on February 16, 2023 (Liz Napolitano/CoinDesk)
FTX to Sell Custody Unit for $500K After Paying $10M Just Months Before Collapse
The bankrupt exchange's unit, Digital Custody Inc., which FTX bought for $10 million, sold for just $500k to CoinList.
Sam Bankman-Fried leaving court on February 16, 2023 (Liz Napolitano/CoinDesk)

Sale (Justin Lim/Unsplash)
Genesis Seeks Approval to Sell $1.6B in Bitcoin, Ether Trust Holdings
Nearly $1.4 billion of Genesis’ assets were held in Grayscale Bitcoin Trust (GBTC), which has since converted to a spot exchange-traded fund (ETF).
Sale (Justin Lim/Unsplash)

Celsius to distribute $3 billions of crypto to creditors as firm emerges from bankruptcy.
Celsius to Distribute $3B Crypto to Creditors as Firm Emerges From Bankruptcy
The distribution will be made through PayPal and Coinbase.
Celsius to distribute $3 billions of crypto to creditors as firm emerges from bankruptcy.

Sam Bankman-Fried (Liz Napolitano/CoinDesk)
FTX Expects to Fully Repay Customers but Won't Restart Defunct Crypto Exchange
An initial surge in the FTT token after the news turned negative, leaving FTT plummeting 15% today.
Sam Bankman-Fried (Liz Napolitano/CoinDesk)