Bankruptcy

FTX founder Sam Bankman-Fried sentenced to 25 years in prison
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29 March, 2024

FTX founder Sam Bankman-Fried sentenced to 25 years in prison

Sam Bankman-Fried has been sentenced to 25 years in prison for the criminal fraud that led to the downfall of...
Terraform Labs files for Chapter 11 bankruptcy
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23 January, 2024

Terraform Labs files for Chapter 11 bankruptcy

Despite the many legal cases against Terraform Labs and its founder Do Kwon having the company in dire straits, the...
Sam Bankman-Fried escapes second trial; Binance’s Changpeng Zhao can’t escape US custody
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3 January, 2024

Sam Bankman-Fried escapes second trial; Binance’s Changpeng Zhao can’t escape US custody

FTX's Sam Bankman-Fried won't face a second trial for bribing Chinese officials, while Binance's Changpeng Zhao's bid to return to...
Bittrex bankruptcy may turn a profit, thanks to KYC-phobic exchange customers
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1 November, 2023

Bittrex bankruptcy may turn a profit, thanks to KYC-phobic exchange customers

Owing to the unclaimed balances from users, with some voicing irritability over Bittrex's "super slow and disjointed" claims process, would...
Sam Bankman-Fried’s parents asked to pay back millions in FTX customer funds
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20 September, 2023

Sam Bankman-Fried’s parents asked to pay back millions in FTX customer funds

The court-appointed FTX Debtors has filed a complaint in the U.S. Bankruptcy Court for the District of Delaware against Allan...
FTX asset sale plan approved, Sam Bankman-Fried says he cannot tell a lie
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15 September, 2023

FTX asset sale plan approved, Sam Bankman-Fried says he cannot tell a lie

U.S. Bankruptcy Court Judge John Dorsey has approved the plan by FTX Debtors to start selling roughly $3.4 billion worth...
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