Bankruptcy Proceedings

Highlights: Alameda Research distributed $15.6M in SOL to 25 creditor wallets this week. Over $300M in SOL remains in estate-linked wallets after structured OTC sales. SOL has reacted to the latest estate distribution while holding key support levels. Alameda’s bankruptcy […]

Highlights: The bankrupt company says Three Arrows Capital’s losses came from risky trades and not any wrongdoing by the exchange. The estate claimed that 3AC was trying to push the blame for its failure onto FTX and its clients. The […]

Highlights: The U.S. court has allowed 3AC liquidators to raise their claim against FTX from $120 million to $1.53 billion. 3AC liquidators say FTX unfairly liquidated assets and withheld key financial records. FTX is facing multiple lawsuits, including claims from […]

Highlights: FTX has settled with K5 Global and will keep its investment in the firm’s funds for future recovery. Michael Kives was accused of using political connections to help Sam Bankman-Fried before the collapse of FTX in 2022. FTX is […]

Highlights: 3AC raises bankruptcy claim against FTX from $120M to $1.5B. 3AC claims FTX sold assets at a loss, causing further damage to its finances. FTX intensifies lawsuits, including claims against Binance, SkyBridge, and Waves founder. The liquidators of the […]

Highlights: Mt. Gox extends creditor repayment deadline to 2025, easing immediate concerns in the crypto market. Creditors still face challenges in the repayment process as Mt. Gox struggles with delays and complications. The collapse of Mt. Gox in 2014 due […]

Highlights: FTX Token surges as speculation grows over creditor repayments, driving significant market activity. Rumors of imminent repayments fueled trading activity, leading to increased volatility in FTT’s price. Creditors criticize proposed 10-25% asset returns based on old valuations, expressing frustration […]