Bankruptcy


Finanza

Mysten Labs to Buy Back Equity, Token Warrants From FTX Bankruptcy Estate for $96M

FTX Ventures invested $101 million in Mysten Labs just months before Sam Bankman-Fried’s empire collapsed. Now, Mysten is buying back the stake (and sui token warrants) for $96 million through bankruptcy court.

FTX CEO John J. Ray III (Nathan Howard/Getty Images)

Finanza

Dreams of Rebooting FTX Face Cold Reality That Its Technology Wasn’t Well-Regarded

Woefully high latency, bugs in the API traders use to interface with FTX and coding mishaps plagued the exchange, according to several former clients who spoke to CoinDesk.

(Leon Neal/Getty Images)

Finanza

FTX Bankruptcy Estate to Claw Back $460M From Modulo Capital

Alameda Research seeded little-known Bahamas-based hedge fund Modulo Capital with $475 million in 2022. The recovery includes $404 million in cash.

John J. Ray III, CEO of FTX Group, has spent huge sums taking the failed exchange through bankruptcy. Is FTX simply that much more complex than Ray's last big unwind - Enron? (Photo by Nathan Howard/Getty Images)

Politiche

SVB Financial’s First Bankruptcy Hearing ‘Wasn’t Really So Routine,’ Says Legal Expert

The former Silicon Valley Bank holding company needs access to the bank's FDIC-controlled funds to pay creditors and support two other operations, says Kleinberg, Kaplan partner Dov Kleiner.

Dov Kleiner, partner at Kleinberg, Kaplan, Wolff & Cohen, P.C. (kkwc.com)

Finanza

Core Scientific Bankruptcy Judge Approves Transfer of Over $20M of Equipment to Its Exclusive Energy Negotiator

Core Scientific had stopped paying Priority Power Management in May 2022.

Core Scientific's Marble facility in North Carolina. (Core Scientific)

Politiche

FTX’s Bahamas Arm a ‘Nullity’ That Should Be Stripped of Assets: Court Filings

The Caribbean arm is a mere shell to further Sam Bankman-Fried’s fraud, FTX's new management says.

Sam Bankman-Fried leaving court on February 16, 2023 (Liz Napolitano/CoinDesk)

Politiche

Signature Bank Noncrypto-Related Deposits to Be Assumed by New York Community Bancorp Unit: FDIC

The 40 former branches of Signature Bank will operate under New York Community Bancorp's Flagstar Bank, N.A., from Monday. The FDIC will provide digital-banking business deposits directly to those customers.

(Spencer Platt/Getty Images)

Finanza

FTX Firms Had $6.8B Hole in Balance Sheet at Time of Bankruptcy

The group of companies had debts of about $11.6 billion against $4.8 billion in assets, according to a presentation filed by its advisers.

FTX founder Sam Bankman-Fried in March of 2023. He could be returning to jail early if a court decides he has violated conditions of his bail. (Michael M. Santiago/Getty Images)

Video

SVB Financial Group Files for Chapter 11 Bankruptcy Protection

Silicon Valley Bank's former parent company SVB Financial Group has filed for Chapter 11 bankruptcy protection. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest developments in the U.S. banking turmoil and what it means for crypto.

Recent Videos

Finanza

Silicon Valley Bank's Former Parent Company Files for Bankruptcy

The bank had some crypto customers, including Circle Internet Financial and Ripple.

SVB Financial, the parent company of Silicon Valley Bank, filed for bankruptcy in New York. (Shutterstock)