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Bankruptcy

Genesis filed for bankruptcy in January 2023 (Richard Mortel/Flickr)
Policy
Regulations
DCG Can't Sell or Reduce Ownership of Genesis Until Bankruptcy Proceedings Close, Judge Rules
Genesis requested a New York bankruptcy court to bar ownership changes to secure tax benefits on around $700 million worth of operating losses.
Genesis filed for bankruptcy in January 2023 (Richard Mortel/Flickr)
By Sandali Handagama
Dec 19, 2023 at 10:17 a.m. UTC
Dec 19, 2023
RegulationsGenesisDigital Currency GroupBankruptcy
Mike Novogratz, founder and CEO of Galaxy Digital
Finance
Galaxy digital
Galaxy Digital Looking to Buy More Crypto Bankruptcy Assets After Deal to Sell FTX's Coins: FT
Mike Novogratz's firm is also interested in companies FTX invested in as a venture capital provider.
Mike Novogratz, founder and CEO of Galaxy Digital
By Sheldon Reback
Dec 18, 2023 at 4:54 p.m. UTC
Dec 18, 2023
Galaxy DigitalMike NovogratzFTX CollapseBankruptcy
John J Ray III took over as FTX CEO in November 2022 (House Committee on Financial Services)
Finance
Regulations
FTX Files Reorganization Plan to End Bankruptcy, Repay Creditors
Asset values for creditor claims will be calculated at prices on the day FTX filed for bankruptcy in November 2022, the plan says.
John J Ray III took over as FTX CEO in November 2022 (House Committee on Financial Services)
By Sandali Handagama
Dec 18, 2023 at 9:36 a.m. UTC
Dec 18, 2023
RegulationsFTXFTX CollapseBankruptcyDelawareCourt Filings
Solana Spaces (Solana)
Finance
Solana
Solana Rally Sees FTX's Holdings Grow to $4.2B, Setting Claims Market on Fire
FTX’s SOL holdings are worth over $4.2 billion in today’s money, up from $1.16 billion from earlier this year.
Solana Spaces (Solana)
By Ian Allison
Dec 15, 2023 at 2:13 p.m. UTC
Dec 15, 2023
SolanaFTXBankruptcy
Bankruptcy (Gerd Altmann/Pixbay)
Policy
Regulations
Crypto Firm SafeMoon Files for Chapter 7 Bankruptcy, SFM Plunges 42%
The firm's executives were arrested last month on multiple charges.
Bankruptcy (Gerd Altmann/Pixbay)
By Nikhilesh De
Dec 15, 2023 at 7:43 a.m. UTC
Dec 15, 2023
RegulationsBankruptcyArrestSEC
(Charles Hoffmeyer)
Policy
Ftx
FTX Bankruptcy Judge Takes Step to Shorten Timeline for Customers' Recoveries
FTX victims are closer to getting their money back from the exchange after a federal judge put an end to a time-consuming dispute that has halted the exchange's bankruptcy cas...
(Charles Hoffmeyer)
By Elizabeth Napolitano
Dec 14, 2023 at 12:44 a.m. UTC
Dec 14, 2023
FTXBankruptcyRegulationsIRS
(Jesse Hamilton/CoinDesk)
Policy
Regulations
FTX Disputes IRS's 'Alice in Wonderland' Tax Claim
The U.S. government's claim for $24 billion in unpaid taxes by FTX has only one source – taking recoveries away from its victims, FTX said in a court filing.
(Jesse Hamilton/CoinDesk)
By Amitoj Singh
Dec 12, 2023 at 1:03 p.m. UTC
Dec 12, 2023
RegulationsFTXIRSTreasuryBankruptcy
Singapore-based cryptocurrency exchange Zipmex said it has received an offer from an interested party with due diligence processes able to commence. (Michal Jarmoluk/Pixabay)
Finance
Zipmex
Troubled Crypto Exchange Zipmex Proposes to Pay Creditors 3.35 Cents on the Dollar: Bloomberg
Major creditors are opposed to the restructuring plan and have requested an independent review.
Singapore-based cryptocurrency exchange Zipmex said it has received an offer from an interested party with due diligence processes able to commence. (Michal Jarmoluk/Pixabay)
By Oliver Knight
Nov 29, 2023 at 10:02 a.m. UTC
Nov 29, 2023
ZipmexBankruptBankruptcy
Genesis (Spencer Wing/Pixabay)
Policy
Regulations
Genesis Sues Gemini to Recover 'Preferential Transfers' Worth $689M
Genesis and Gemini have been embroiled in a public and legal feud since the collapse of FTX.
Genesis (Spencer Wing/Pixabay)
By Amitoj Singh
Nov 22, 2023 at 7:34 a.m. UTC
Nov 22, 2023
RegulationsGeminiGenesisDCGCourt FilingsBankruptcyWinklevoss Twins
SEC Chair Gary Gensler in Washington on Oct. 25, 2023 (Jesse Hamilton/CoinDesk)
Policy
Regulations
Celsius to Transition to Mining-Only NewCo After SEC Feedback in Updated Bankruptcy Plan
On Monday, a few hours before the Celsius announcement, CoinDesk reported that the SEC wanted more information about the assets of the former crypto lender.
SEC Chair Gary Gensler in Washington on Oct. 25, 2023 (Jesse Hamilton/CoinDesk)
By Amitoj Singh
Nov 21, 2023 at 7:55 a.m. UTC
Nov 21, 2023
RegulationsCelsiusBitcoin MiningBankruptcyFahrenheitSEC