Bankruptcy proceedings

Bankrupt crypto exchange FTX Trading Ltd. is now reviewing offers from three potential buyers. The forthcoming decisions surrounding FTX's future are expected to garner significant attention, especially with the crypto community converging at Benzinga's Future of Digital Assets...

Bankrupt Bitcoin (CRYPTO: BTC) miner Core Scientific Inc (OTC: CORZQ) announced the purchase of 27,000 Bitcoin mining servers from Bitmain as part of a deal valued at $77 million. The deal also includes $23.1 million in cash and $53.9 million in Core Scientific common stock...

FTX recently detailed its proposed restructuring plan, which aims to facilitate the exchange's revival as an offshore entity. Documents submitted on July 31 include a draft plan that describes the disgraced company's planned approach to resolving an "exceptionally large and complicated...

A lawsuit lodged in bankruptcy court by the interim leadership of FTX (CRYPTO: FTT) against Sam Bankman-Fried and other top FTX executives claimed Bankman-Fried's father is illegally funding his son's defense through a company loan, following the collapse of the young crypto tycoon...

Bittrex's U.S. subsidiary will enable customer withdrawals this Thursday, per a directive by a Delaware bankruptcy court. The company's attempt to allow customers to regain access to their holdings was met with resistance from the U.S. government. The exchange still owes a substantial...

Crypto exchange FTX (CRYPTO: FTT) announced it recovered a substantial amount of assets, including cash, liquid cryptocurrency and liquid investment securities, totaling more than $5 billion, Coindesk reported. Notably, this does not include another $425 million in crypto...

Talk about an angry tweet. The United States Bankruptcy Court in the Southern District of New York slapped the founders of Three Arrows Capital, a failed crypto hedge fund, with a subpoena on the social media platform Twitter. Liquidators served the subpoena to Three Arrows founders Kyle Davies and...

Defunct cryptocurrency lending and borrowing platform Celsius is preparing to file a motion to extend the bar date for its account holders, as part of its ongoing bankruptcy proceedings. The bar date, also known as the deadline to file a claim, is currently set for Jan. 3, 2023. However, Celsius is...

Four customers of FTX have filed a class action lawsuit in U.S. Bankruptcy Court for the District of Delaware (where FTX's bankruptcy proceedings are taking place) demanding priority in repayment for the approximately $2 billion in missing customer funds. The customers claim that FTX...