Bankruptcy


Finance

Crypto Exchange Zipmex Appoints Restructuring Firm to Forge Recovery Plan

KordaMentha has been appointed as Zipmex's financial adviser to oversee a recovery plan.

Singapore Skyline (Swapnil Bapat/Unsplash)

Finance

Three Arrows Capital Co-Founder Calls Crypto Hedge Fund's Liquidators Inaccurate, Misleading: Report

Three Arrows Capital co-founder Su Zhu said Teneo misled the High Court of Singapore, which this week granted permission for the liquidator to probe the hedge fund's local assets.

Su Zhu of Three Arrows (CoinDesk)

Finance

Binance, FTX Among Crypto Players in Hunt to Buy Voyager Digital Assets as Coinbase Backs Out: Sources

Crypto lender Voyager’s collapse into bankruptcy was a milestone in this year’s crypto market crisis. Now, some of the industry’s biggest players are trying to buy its assets.

Voyager Digital CEO Steve Ehrlich gives a thumbs-up at Bitcoin Miami in April of 2022. (Danny Nelson/CoinDesk)

Videos

Crypto Lender Celsius Files 2 New Lawsuits in Attempt to Recover Funds

Crypto lender Celsius Network has filed two new lawsuits in an attempt to retrieve lost funds. Ropes & Gray Business Restructuring Associate Daniel Gwen discusses what this means for Celsius and its creditors and customers.

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Videos

Alleged Tornado Cash Developer Must Stay in Jail; Judge Approves Voyager Paying 'Retention' Bonuses

Alexey Pertsev, accused of facilitating money laundering via now-sanctioned Tornado Cash, must stay in jail for at least 90 more days, a Netherlands judge ruled Wednesday. Crypto-focused venture capital firm Electric Capital has named former SEC Chairman Jay Clayton as an adviser, according to Bloomberg. A U.S. federal judge ruled crypto lender Voyager Digital, which is undergoing bankruptcy proceedings, can pay more than 30 employees a collective $1.6 million as a "retention" award.

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Videos

‘Not Unusual’ for Voyager to Pay Employees Retention Bonuses, Restructuring Expert Says

A U.S. federal judge ruled in Voyager’s bankruptcy hearing Wednesday the crypto lender can pay more than 30 employees a collective $1.6 million as a “retention” award. Ropes & Gray Business Restructuring Associate Daniel Gwen discusses the key takeaways from the hearing, explaining why this is “customary” and “not that unusual.”

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Policy

Crypto Lender Voyager Can Pay Employees 'Retention' Bonuses, US Judge Rules

Judge Michael Wiles also agreed to withhold the names and titles of the employees who may receive the bonuses.

Voyager CEO Steve Ehrlich (right) with Robert Dykes of Caspian at Consensus 2019 (CoinDesk)

Videos

Crypto Advocate Michelle Bond Loses Primary Bid for Congress

Michelle Bond lost her primary bid to be the Republican congressional candidate for her New York district. CoinDesk's Global Policy & Regulation Managing Editor Nikhilesh De discusses what this means for crypto candidates across the country. Plus, what to expect from Voyager's bankruptcy hearing.

Recent Videos

Finance

Singapore High Court Recognizes Three Arrows Capital Liquidation Order

The decision will provide Three Arrow's liquidator, Teneo, the ability to probe assets held in Singapore.

Su Zhu of Three Arrows (CoinDesk)

Finance

Bankrupt Crypto Lender Celsius Sues Prime Trust Over $17M in Tokens

The dispute stems from a trove of assets held by Prime Trust for Celsius customers in New York and Washington state.

Celsius Network is suing Prime Trust for the return of $17M in crypto. (Danny Nelson/CoinDesk)