Bankruptcy

Highlights: BlockFills filed for Chapter 11 after freezing customer deposits and withdrawals. Court filings showed liabilities far exceeded assets as financial pressure deepened. The collapse marks a major setback for crypto’s institutional trading sector. On 15 March, BlockFills, a crypto […]

Highlights: Sam Bankman-Fried says the FTX collapse happened without his approval and claims lawyers rushed the bankruptcy. Prosecutors and courts found that customer funds were misused even as Bankman-Fried disputes insolvency. His prison statements continue to attract attention and lead […]

Highlights: Sam Bankman-Fried claims FTX held more assets than liabilities at the time of its collapse. He blames legal advisors for pushing FTX into bankruptcy. Critics argue that FTX lacked liquidity to meet withdrawals in 2022. In a 15-page statement, […]

Highlights: Celsius begins third distribution, distributing $220.6 million to creditors. The total creditor recovery now stands at 64.9% with a goal of 67–85%. Creditors may also receive equity in Ionic Digital, a Bitcoin mining firm. Celsius Network officially announced the […]

Highlights: Coinbase is facing a lawsuit for misleading investors about the risk of bankruptcy and the security of assets. The lawsuit claims Coinbase hid the risk of losing customer funds during bankruptcy. Investors accuse executives of selling stock while hiding […]

Highlights: FTX creditors begin reimbursement on February 18 for claims up to $50,000 via BitGo. Eligible creditors receive full claims plus 9% interest, marking first repayments post-restructuring. Bahamas creditors receive initial payments; others will start reimbursements on March 4. FTX […]

Highlights: FTX starts repayments of funds to creditors under the Chapter 11 plan. Users with claims under $50,000 will receive payments first, and 98% will get funds. Creditors must meet the January 20 deadline to qualify for the first round […]

Highlights: Celsius is contesting a court ruling that dismissed its $444 million claim in the FTX case. Celsius claims FTX statements hurt its reputation, leading to insolvency and bankruptcy in 2022. The company has paid over $2.53 billion to creditors, […]

Highlights: On Nov. 22, the court declared Delio bankrupt after operational disruption. Delio must sell assets; creditors must submit claims by February 21, 2025. Delio’s sister company, Haru Invest, also declared bankruptcy. On Nov. 22, a Seoul court declared South […]

Highlights: A Seoul Rehabilitation Court has declared South Korea’s Haru Invest bankrupt after the over $1 billion investment scam scandal. The court revealed that the creditors’ first meeting will kick off on February 11, 2025. 2025’s meeting outcome will determine […]