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Bankruptcy

Sam Bankman-Fried leaving court on February 16, 2023 (Liz Napolitano/CoinDesk)
Finance
Ftx
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)
By Aoyon Ashraf
Feb 12, 2024 at 6:18 p.m. UTC
Feb 12, 2024
FTXFTX USCustodyBankruptcy
Sale (Justin Lim/Unsplash)
Finance
Btc
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)
By Shaurya Malwa
Feb 5, 2024 at 10:08 a.m. UTC
Feb 5, 2024
btcEtherGrayscaleGenesisBankruptcyGemini
Celsius to distribute $3 billions of crypto to creditors as firm emerges from bankruptcy.
Policy
Celsius
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.
By Jesse Hamilton
Feb 1, 2024 at 12:03 a.m. UTC
Feb 1, 2024
CelsiusBankruptcy
Sam Bankman-Fried (Liz Napolitano/CoinDesk)
Policy
Ftx
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)
By Aoyon AshrafElizabeth Napolitano
Jan 31, 2024 at 4:20 p.m. UTC
Jan 31, 2024
FTXFTTBankruptcyFTX Collapse
(Adobe Firefly)
Finance
Gbtc
FTX Sold About $1B of Grayscale's Bitcoin ETF, Explaining Much of Outflow: Sources
BTC's price has fallen since bitcoin ETFs were approved. In theory, now that FTX is done selling its substantial holdings, the selling pressure could ease since a bankruptcy e...
(Adobe Firefly)
By Ian Allison
Jan 22, 2024 at 3:24 p.m. UTC
Jan 22, 2024
GBTCFTXBankruptcyExclusive Bitcoin ETFGrayscale
Barbara Fried and Joe Bankman at the federal courthouse where their son, Sam Bankman-Fried, was preparing to testify on Oct. 26, 2023 (Victor Chen/CoinDesk)
Policy
Regulations
Sam Bankman-Fried's Parents Ask Court to Dismiss FTX's Lawsuit Seeking to Recover Funds
Bankman and Fried, both professors at Stanford Law School, argued that Bankman did not have a fiduciary relationship with FTX .
Barbara Fried and Joe Bankman at the federal courthouse where their son, Sam Bankman-Fried, was preparing to testify on Oct. 26, 2023 (Victor Chen/CoinDesk)
By Amitoj Singh
Jan 17, 2024 at 6:55 a.m. UTC
Jan 17, 2024
RegulationsSam Bankman-FriedSBFSBF TrialFTXFTX CollapseBankruptcy
Core Scientific's Marble facility in North Carolina. (Core Scientific)
Finance
Bitcoin mining
Bitcoin Miner Core Scientific to Emerge From Bankruptcy, Re-List Shares This Month
The company expects to see nearly $600 million in revenue this year.
Core Scientific's Marble facility in North Carolina. (Core Scientific)
By Aoyon Ashraf
Jan 16, 2024 at 10:05 p.m. UTC
Jan 16, 2024
Bitcoin MiningCore ScientificBankruptcy
(Unsplash/Modified by CoinDesk)
Markets
Ether
Celsius to Unstake Thousands of Ether, Possibly Easing ETH Selling Pressure
The defunct crypto lender sent over 30,000 ETH to custodian Fireblocks in the past week, some of which was deposited on crypto exchange Coinbase.
(Unsplash/Modified by CoinDesk)
By Shaurya Malwa
Jan 5, 2024 at 8:55 a.m. UTC
Jan 5, 2024
EtherETHStakingCelsiusBankruptcy
Mt. Gox Creditor Kolin Burges confronts Former Mt. Gox CEO Mark Karpeles (CoinDesk)
Finance
Mt. gox
Mt. Gox Appears to Have Started PayPal Repayments Tied to 2014 Bitcoin Hack
Payments through bank accounts are still awaited.
Mt. Gox Creditor Kolin Burges confronts Former Mt. Gox CEO Mark Karpeles (CoinDesk)
By Sheldon Reback
Dec 26, 2023 at 11:31 a.m. UTC
Dec 26, 2023
Mt. GoxBankruptcyHacks
Three arrows hit bullseye of a target (QuinceCreative/Pixabay)
Policy
Regulations
Court Freezes $1 Billion of Assets of Three Arrows Capital Founders
The worldwide order by a British Virgin Islands court applies to Su Zhu, Kyle Davies and Davies' wife, Kelly Chen.
Three arrows hit bullseye of a target (QuinceCreative/Pixabay)
By Amitoj Singh
Dec 21, 2023 at 9:52 a.m. UTC
Dec 21, 2023
RegulationsSingaporeThree Arrows Capital3ACUnited KingdomBankruptcyCourt Casesliquidation