Browsing: Bankruptcy

The FTX Recovery Trust has withdrawn its motion to limit creditor payouts in restricted foreign jurisdictions, marking a temporary victory for international creditors while maintaining the possibility of future distribution challenges based on local crypto regulations.

The collapse of Iran’s Ayandeh Bank affecting 42 million customers highlights persistent vulnerabilities in traditional banking systems, while Bitcoin faces dual pressures from Mt. Gox’s final repayments and US regional banking stress driving prices toward key support levels.

An in-depth analysis of the FTX collapse, legal accountability, creditor repayments, and regulatory implications, highlighting how these factors shape cryptocurrency market stability and future outlook.

The FTX Recovery Trust’s lawsuit to recover over $1 billion from Genesis Digital Assets underscores ongoing efforts to address the 2022 exchange collapse, with legal actions and creditor reimbursements highlighting the need for accountability and stability in the crypto market.

The FTX Recovery Trust announces a $1.6 billion distribution to creditors in September 2025, marking the third major payout in efforts to reimburse losses from the 2022 collapse, with legal appeals and market implications under close watch.

The upcoming appeal of Sam Bankman-Fried and recent regulatory developments like the GENIUS Act are shaping the crypto landscape, highlighting the need for clarity and innovation amidst political and technological challenges.

A US court’s preliminary approval of a $13 million BlockFi settlement highlights ongoing regulatory efforts in cryptocurrency, balancing restitution with market stability amid global enforcement trends.

FTX announces a $1.9 billion payout to creditors starting September 30, amid legal challenges and jurisdictional hurdles that could set precedents for future crypto bankruptcies.

The FTX estate’s request for more time to address objections to its proposed freeze on $470M in foreign claims highlights the ongoing challenges in navigating international crypto regulations and creditor repayments.

A pivotal US bankruptcy court decision on FTX payouts to China and other ‘restricted jurisdictions’ could set a global precedent for crypto bankruptcies, amid over 40 creditor objections.

Ziglu, a British cryptocurrency fintech, faces a $2.7 million deficit in special administration, putting thousands of savers at risk.

BlockFi and the DOJ have settled a $35 million lawsuit, allowing BlockFi to proceed with its bankruptcy wind-down and focus on repaying creditors.

A Chinese creditor challenges FTX’s motion to suspend payments in countries with cryptocurrency restrictions, highlighting legal complexities and creditor rights.

The FTX bankruptcy estate seeks court approval to freeze payouts in countries with strict or unclear cryptocurrency regulations, highlighting the legal complexities of global crypto distributions.

Former Celsius CEO Alex Mashinsky has been ruled ineligible for any assets from the Celsius bankruptcy estate, prioritizing creditor restitution in a significant court agreement.