Bankruptcy


Finance

New FTX Head Says Crypto Exchange Could Be Revived: Wall Street Journal

John J. Ray III made the comment in his first interview since taking over FTX in November.

FTX CEO John Ray III testifies in the U.S. House Financial Services Committee about the company's collapse. (U.S. House Financial Services Committee)

Videos

Bitcoin Slips Below $21K After Surging to Four-Month High

Just hours after surging to a four-month high, bitcoin (BTC) is back below the $21,000 threshold. This comes as Genesis Global Capital is laying the groundwork for a bankruptcy filing, according to multiple reports. "All About Bitcoin" host Lawrence Lewitinn breaks down the Chart of the Day. DCG is the parent company of CoinDesk and Genesis.

CoinDesk placeholder image

Finance

Crypto Brokerage Genesis Global Capital May Be Nearing Bankruptcy Filing: Reports

The collapse of FTX in late 2022 may have been the final straw for Genesis, which earlier that year reportedly suffered losses of several hundred million dollars due to its exposure to failed crypto hedge fund Three Arrows Capital.

(Genesis Trading, modificado por CoinDesk)

Policy

FTX Debtors Give Details on Digital Assets Identified So Far

The FTX Debtors group has identified $1.6 billion of digital assets associated with FTX.com and $181 million connected to FTX US.

John Ray, FTX CEO (Nathan Howard/Getty Images)

Policy

DOJ Objects to FTX’s Choice of Lawyers, Citing Conflict of Interest

The US Trustee joins Sam Bankman-Fried and Senators in voicing concern over Sullivan and Cromwell’s previous relations with the crypto exchange

Former FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)

Policy

Crypto Bankruptcies Are Very Complicated

The FTX, Voyager, Celsius and BlockFi bankruptcy proceedings are proving how complicated they really are.

(Tetra Images/Getty Images)

Finance

Hodlnaut Creditors Seek Liquidation, Reject Restructuring Plan: Bloomberg

The restructuring plan would have allowed Hodlnaut directors who were at the helm during its collapse to continue managing the company.

Liquidation

Policy

Sam Bankman-Fried Blogs Like a Crypto Robin Hood, but in Court He's Not So Charitable

The FTX founder’s claimed largesse about giving his funds away contrasts with a legal battle to keep control of $450 million in shares – that were paid for a loan from Bankman-Fried’s Alameda Research

Sam Bankman-Fried, a modern-day Robin Hood? (George Rinhart/Corbis/Getty Images)

Policy

FTX Loan Wiped Out $800M in BlockFi Executives’ Equity, Court Filing Reveals

The crypto lender released extensive details of financial transactions in the run-up to its own collapse in November.

Collapsed crypto lender BlockFi has released thousands of pages of financial transactions. (filo/Getty Images)