Bankruptcy

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’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...
Ripple bails out Fortress Trust after hackers steal customer assets
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13 September, 2023

Ripple bails out Fortress Trust after hackers steal customer assets

Ripple's Brad Garlinghouse recently declared that Fortress Trust's Purcell had "built an impressive business with recurring revenue and a strong...
Bittrex charged in Florida over failure to segregate customer assets before bankruptcy
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11 July, 2023

Bittrex charged in Florida over failure to segregate customer assets before bankruptcy

The Florida financial watchdog charged the exchange in April, but Bittrex wanted the charges dropped, and in return, it would...
Embattled BTC miner Core Scientific files bankruptcy reorganization plan
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24 June, 2023

Embattled BTC miner Core Scientific files bankruptcy reorganization plan

Core Scientific filed for Chapter 11 bankruptcy protection in December, and in its new plan, it pledges to satisfy all...
Embattled QuadrigaCX exchange to begin ‘interim distribution of funds’
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12 May, 2023

Embattled QuadrigaCX exchange to begin ‘interim distribution of funds’

Court-appointed bankruptcy trustee Ernst & Young announced its decision after consultation with estate inspectors, with details of the interim distribution...
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