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Bankruptcy
Bitstamp to Start Distributing Mt. Gox Proceeds on Thursday
Customers of the defunct crypto exchange lost their funds in a 2014 hack, and the imminent distribution of nearly $9 billion worth of assets to creditors has been weighing on crypto markets.
Mt. Gox Moves $3B Bitcoin to New Wallet, $130M to Bitstamp Exchange
The defunct crypto exchange has moved billions of dollars worth of bitcoin over two days.
BlockFi Administrator Submits Plan in Court to Make Customers Whole
The plan administrator revealed that a significant transaction had been closed which would enable a near-term final distribution of 100% for all eligible claims.
BlockFi to Start Interim Crypto Distributions Through Coinbase This Month
BlockFi was the first victims of the contagion caused by crypto exchange FTX’s collapse in early November 2022 and filed for bankruptcy on Nov. 28, 2022.
FTX Victims View Bankruptcy Process as 'Second Act of Theft,' File to Recover $8B in Forfeited Assets
Attorneys for the victims said the bankruptcy process has left FTX customers feeling "aggrieved and robbed."
Nearly All FTX Creditors Will Get 118% of Their Funds Back in Cash, Estate Says in New Plan
The new reorganization plan must first be approved by a Delaware bankruptcy court.
Former Cred Executives Indicted on Wire Fraud, Other Charges
The defunct crypto lender filed for bankruptcy in 2020.
FTX to Sell $884M of Anthropic Shares to Two Dozen Institutional Investors
The value of FTX's FTT token surged 10% on the news.
FTX Was Down to Last 105 Bitcoins When Bankruptcy Rescue Crew Arrived: John Ray
Ray said Bankman-Fried’s victims “will never be returned to the same economic position they would have been in today absent his colossal fraud.”
