Bankruptcy

BlockFi advertisement in Washington D.C.'s Union Station (CoinDesk archives)
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.
BlockFi advertisement in Washington D.C.'s Union Station (CoinDesk archives)

FTX founder Sam Bankman-Fried (FTX, modified by CoinDesk)
FTX Bankruptcy Claims Soar in Value in Over-the-Counter Markets as Estate Recovers $7.3B
One top distressed-debt investor describes FTX claims as the “hottest ticket in town.”
FTX founder Sam Bankman-Fried (FTX, modified by CoinDesk)

Former Celsius CEO Alex Mashinsky outside a courthouse in New York on July 25, 2023. (Anna Baydakova/CoinDesk)
Celsius' Bankruptcy Nears End as Creditors Approve Reorganization Plan
Most of the classes in the bankruptcy claim voted by more than 98% in favor of the reorganization.
Former Celsius CEO Alex Mashinsky outside a courthouse in New York on July 25, 2023. (Anna Baydakova/CoinDesk)

(Christine Roy/Unsplash)
FTX Sues Former Employees of Hong Kong Affiliate, Seeks $157 Million
In the run-up to FTX's bankruptcy filing, known as the Preference Period, the defendants received the benefit of withdrawals that constitute preferential transfers, the filing...
(Christine Roy/Unsplash)

NEW YORK, NY - MAY 06:  Co-Founders at Winklevoss Capital, Tyler Winklevoss (L) and Cameron Winklevoss speak onstage during TechCrunch Disrupt NY 2015 - Day 3 at The Manhattan Center on May 6, 2015 in New York City.  (Photo by Noam Galai/Getty Images for TechCrunch) *** Local Caption *** Tyler Winklevoss;Cameron Winklevoss
Gemini Blasts DCG and Genesis Bankruptcy Plan, Calling It ‘Misleading at Best’
Under the plan, Gemini creditors would receive a “fraction” of the money they are owed, Gemini’s lawyers said.
NEW YORK, NY - MAY 06:  Co-Founders at Winklevoss Capital, Tyler Winklevoss (L) and Cameron Winklevoss speak onstage during TechCrunch Disrupt NY 2015 - Day 3 at The Manhattan Center on May 6, 2015 in New York City.  (Photo by Noam Galai/Getty Images for TechCrunch) *** Local Caption *** Tyler Winklevoss;Cameron Winklevoss

A crypto mining rig in Washington state (Eliza Gkritsi/CoinDesk)
Celsius, Core Scientific Resolve Acrimonious Mining Dispute With $45M Deal
Celsius had previously claimed hundreds of millions in damages in a squabble over unpaid dues that led to its mining rigs being powered down.
A crypto mining rig in Washington state (Eliza Gkritsi/CoinDesk)

John J. Ray III took over as FTX CEO in November. (House Committee on Financial Services)
Judge Allows Bankrupt FTX to Sell Its Crypto Holdings, Including BTC and SOL
Lawyers of FTX had submitted a filing with the U.S. Bankruptcy Court for the District of Delaware, asking for permission to sell, stake and hedge its crypto holdings in order...
John J. Ray III took over as FTX CEO in November. (House Committee on Financial Services)

Bittrex filed for bankruptcy in the U.S. in May 2023 (Flickr/Alpha Photo)
Surprisingly Few U.S. Customers Want Their Bittrex Money Back
The U.S. Secret Service kept millions on the exchange, company lawyers told a bankruptcy court – but other creditors have been strangely reluctant to ask for their funds back
Bittrex filed for bankruptcy in the U.S. in May 2023 (Flickr/Alpha Photo)

Digital Currency Group's Barry Silbert, right (Getty Images)
Beleaguered Gemini Earn Customers Will Be Made ‘Nearly Whole,’ DCG and Genesis Say About Remuneration Plan
A filing on Wednesday states that if the assorted creditor groups vote through the proposed deal, then “Gemini Earn users are estimated to recover approximately 95-110% of the...
Digital Currency Group's Barry Silbert, right (Getty Images)