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The Oct. 10, 2025, crypto liquidation cascade set an all-time single-day record and, according to market observers, the real damage may surface in the coming weeks if distressed firms reveal losses. Oct. 10’s Liquidation Shockwave Still Rattles the Crypto World Analysts say the event’s combination of a macro shock and extreme leverage created conditions that … Read more
The fallen FTX founder Sam Bankman-Fried is back on X, insisting his collapsed exchange wasn’t actually insolvent. He’s now claiming that outside lawyers strong-armed the company into filing for bankruptcy. Critics Torch Sam Bankman-Fried’s Latest Claims “FTX was never bankrupt, even when its lawyers shoved it into bankruptcy,” declared a document shared from Sam Bankman-Fried’s … Read more
In a new prison interview with the conservative X account @amuse, Sam Bankman-Fried argues FTX “was never insolvent,” contending assets exceeded liabilities at filing and that bankruptcy professionals destroyed value instead of preserving it. SBF Faults Lawyers, Regulators in New Interview—Skeptics Cite User Funds and Risk In the interview—titled “FTX Was Never Insolvent: My Prison … Read more
The Blockchain Recovery Investment Consortium (BRIC), a joint venture between GXD Labs and Vaneck, has reached a $299.5 million settlement with the largest stablecoin issuer by market cap, Tether, resolving litigation tied to the Celsius Network bankruptcy. The payment follows a lawsuit filed in August 2024 in the U.S. Bankruptcy Court for the Southern District … Read more
FTX Recovery Trust filed a Delaware adversary complaint seeking to claw back $1.15 billion from Genesis Digital Assets and affiliates, alleging Alameda-funded investments were fraudulent transfers financed with commingled customer money. FTX Estate Sues Genesis Digital Assets The complaint, lodged Sept. 22, 2025, targets Genesis Digital Assets (GDA) entities and co-founders Rashit Makhat and Marco … Read more
FTX’s bankruptcy estate will ship another $1.6 billion to creditors in a third distribution, turning the long unwind into a steady drip of real money at last. Creditor Glow-up Continues: FTX Tees up $1.6 Billion More Round three is designed to top up eligible, allowed claims across the board, adding fresh cash to customer classes … Read more
A dire warning signals investors should be “very concerned” as Linqto’s bankruptcy exposes collapsed legal structures, pooled customer assets, and looming reclassification as unsecured creditors. Linqto Collapse Is a ‘Brutal Wake-up Call’—Why Customers Should Be Very Concerned A cascade of structural failures in Linqto’s investment model now threatens to leave thousands of users with little … Read more
Linqto’s Chapter 11 bankruptcy filing exposes deep structural flaws and regulatory pressure that could upend investor ownership rights and rattle confidence in private equity access platforms. Linqto’s Chapter 11 Filing Sparks Questions Over Private Equity Ownership Rights Mounting legal pressures and structural flaws have pushed Linqto into a high-stakes reorganization that could reshape investor exposure … Read more
Over the past few years, a wave of digital asset firms collapsed for a mix of reasons—some dragged down by earlier disasters like the FTX and Terraform Labs fiascos. Here’s a closer look at a handful of wallets tied to those now-defunct ventures and a glimpse at what’s still sitting onchain. Collapsed Crypto Entities Still … Read more
The FTX Recovery Trust explained on Thursday that it will distribute more than $5 billion to creditors starting May 30, 2025, as part of its court-approved Chapter 11 bankruptcy reorganization plan. Distribution Date Set for FTX’s $5B Creditor Repayment The distribution, the second under FTX’s reorganization plan, will pay creditors across multiple claim classes. Class … Read more
