Bankruptcy


Política

Celsius to Transition to Mining-Only NewCo After SEC Feedback in Updated Bankruptcy Plan

On Monday, a few hours before the Celsius announcement, CoinDesk reported that the SEC wanted more information about the assets of the former crypto lender.

SEC Chair Gary Gensler in Washington on Oct. 25, 2023 (Jesse Hamilton/CoinDesk)

Finanças

FTX Can Start Mediation, File Counterclaims in BlockFi Bankruptcy Case, Judge Rules

BlockFi filed for bankruptcy in late November last year, in part because of the ripple effects of the sudden collapse of FTX, which triggered an automatic stay that halted proceedings between the two.

BlockFi CEO Zac Prince (right) (Danny Nelson/CoinDesk)

Finanças

FTX Sues Bybit to Claw Back $953M in 'Misappropriated Funds'

The FTX estate says the funds were "preferentially" or "fraudulently" transferred to Bybit and affiliates in the lead up to its November 2022, bankruptcy filing.

(QuinceCreative/Pixabay)

Finanças

Genesis, Three Arrows Capital Reach Agreement on $1B of Claims

The bankrupt crypto lender is seeking court approval to settle the claims with a $33 million payment to the defunct hedge fund, 3AC.

Genesis (Spencer Wing/Pixabay)

Opinião

We've Seen the FTX Collapse Before

There are overwhelming similarities between the FTX and MF Global bankruptcies — and one big difference.

Jon Corzine and Sam Bankman-Fried were both politically-connected business leads who lost over $1 billion in customer funds, though their different outcomes shows that regulation does not always achieve what is promised. (Wikimedia Commons/CoinDesk)

Finanças

Celsius Bankruptcy Reorganization Plan Approved by Court; Implementation by Early 2024

The order marks Celsius' exit from bankruptcy, filed in July last year, a process that also saw it make a $4.7 billion settlement with the U.S. over fraud allegations.

Ex-Celsius CEO Alex Mashinsky, right, near a federal courthouse in Manhattan on Oct. 3, 2023 (Victor Chen/CoinDesk)

Finanças

FTX Relaunch Effort Includes Celsius Winner Proof Group, Sources Say

Plans to bring Sam Bankman-Fried's crypto exchange back to life include the Silicon Valley investment firm Proof Group, which was part of the Fahrenheit consortium that successfully bid for bankrupt cryptocurrency lender Celsius.

FTX former CEO Sam Bankman-Fried. (MIT Bitcoin Club, Mercatus Center, Cointelegraph/Wikimedia Commons, modified by CoinDesk)

Política

FTX Wants to Sell $744M Worth of Grayscale, Bitwise Assets

Apart from using an investment adviser, the debtors have proposed setting up a pricing committee in which all stakeholders are represented.

(CoinDesk)

Finanças

A Year After Sam Bankman-Fried's Downfall, Solana and Other FTX Holdings Are Flying High

The FTX founder's downfall began on Nov. 2, 2022 – a year ago Thursday – when CoinDesk published a big scoop. Jurors are poised to begin deliberating his fate on the anniversary of that story, at a time when the SOL tokens FTX owns just got $1 billion more valuable.

FTX logo (Adobe Firefly)

Mercados

FTX Moves Millions Worth of LINK, MATIC, AGLD to Coinbase as Sam Bankman-Fried Testifies

The latest transactions followed $19 million worth of crypto moved from FTX cold wallets to exchanges.

MATIC and LINK moved from FTX-related wallets (Arkham Intelligence)