Bankruptcy


Videos

Argo Blockchain Shares Jump; FTX Users Sue for Priority Repayment and Damages in Bankruptcy Proceedings

Bitcoin miner Argo Blockchain will avoid filing for bankruptcy protection after Galaxy Digital agreed to buy its mining facility for $65 million and provided another $35 million loan. Plus, the latest on MicroStrategy's bitcoin bet. And, a group of FTX users are asking a U.S. court to make sure they are the first to get repaid in the crypto exchange's bankruptcy proceedings.

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Finance

FTX Users Sue for Priority Repayment and Damages in Bankruptcy Proceedings

The class-action lawsuit accuses the bankrupt crypto exchange's executives of intentionally misappropriating customer funds to fund risky strategies and their lavish lifestyles.

FTX founder and former CEO Sam Bankman-Fried (Nikhilesh De/CoinDesk)

Finance

Bitcoin Miner Argo Blockchain Will Avoid Bankruptcy With $100M Bailout From Novogratz’s Galaxy Digital

Galaxy will buy Argo's Helios facility for $65 million and provide $35 million loan to help the miner amid restructuring.

Galaxy Digital CEO Mike Novogratz (Suzanne Cordiero/Shutterstock/CoinDesk)

Videos

New Judge Assigned in Sam Bankman-Fried Case; DOJ Launches Criminal Probe Into $400M FTX Hack: Report

U.S. District Judge Lewis Kaplan has been assigned to preside over the fraud case against former FTX CEO Sam Bankman-Fried. Meanwhile, Bloomberg reports the U.S. Department of Justice has launched a criminal probe into the alleged hack that drained nearly $400 million out of FTX-controlled wallets the night the Bahamas-based exchange filed for bankruptcy.

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Finance

Argo Blockchain Suspends Trading in US Shares for 24 Hours

The company said earlier this month it was close to restructuring without having to declare bankruptcy.

Argo Blockchain's Helios facility in Dickens County, Texas. (Argo Blockchain)

Videos

FTX Seeks US Bankruptcy Judge's Help in Fight Over Robinhood Shares

FTX is looking for help from a U.S. bankruptcy court judge amid a battle over ownership of about $450 million worth of stock in Robinhood Markets (HOOD), according to a filing Thursday. "The Hash" hosts discuss the ongoing legal developments and possible outcomes.

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Opinion

Bankman-Fried's Incredible Shrinking ‘$250 Million Bond’

The FTX founder signs another remarkable deal.

FTX founder Sam Bankman-Fried leaves federal court in New York after his arraignment and bail hearings on Dec. 22. (Michael M. Santiago/Getty Images)

Finance

FTX Asks Judge for Help in Fight Over Robinhood Shares Worth About $450M

Three parties, including ex-FTX CEO Sam Bankman-Fried, have tried to get control over the 56 million shares.

Tokens vinculados con billeteras de Alameda se vendieron por bitcoin en el último día. (David Dee Delgado/Getty Images)

Videos

Ellison, Wang Plead Guilty to DOJ 'Fraud' Charges

U.S. Attorney Damian Williams announced Wednesday former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang pleaded guilty to criminal charges tied to FTX's collapse. The SEC and CFTC also announced charges against the two, saying Ellison manipulated the price of FTT. "The Hash" panel discusses the latest in FTX's bankruptcy.

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Policy

FTX Investors’ Loss Is Wall Street Lawyers’ Gain

Attorneys are charging upwards of $2,000 an hour and $12 million retainers as they attempt to restore funds to the million-odd creditors of Sam Bankman-Fried’s failed empire.

Gemini faces an investor lawsuit over its interest-earning product. (RapidEye/Getty Images)