Bankruptcy – DIGIT INFO

Prime Trust Litigation Trust Files 94-Page Suit Against Swan Bitcoin for $970M in Transfers

DIGIT — Mon, 18 May 2026 19:30:43 +0000

The litigation arm of the Prime Trust bankruptcy estate filed a 94-page adversary complaint against Swan Bitcoin on May 15, 2026, seeking to recover approximately $970 million in assets the company allegedly withdrew before Prime’s collapse. Prime Trust Clawback Case Targets Swan Bitcoin The PCT Litigation Trust, created under Prime Core Technologies’ confirmed Chapter 11 […]

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Bitcoin Depot Shuts ATM Network as Chapter 11 Pushes Asset Sale

DIGIT — Mon, 18 May 2026 13:04:59 +0000

Bitcoin Depot entered Chapter 11 to wind down operations, sell assets, and shut its bitcoin ATM network as state rules tighten. The company cited new compliance burdens, transaction limits, and restrictions affecting BTM operators. Bitcoin Depot Begins Chapter 11 Process Amid Regulatory Pressure Bitcoin Depot Inc. (Nasdaq: BTM) announced on May 18 that it initiated […]

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FTX Sets $2.2B Distribution as Creditor Recoveries Reach up to 120%

DIGIT — Wed, 18 Mar 2026 21:20:16 +0000

FTX is set to begin a $2.2 billion creditor payout on March 31 while separately scheduling its first preferred equity payments for May 29, as multiple claim classes move toward full or even excess repayment under the restructuring plan. FTX Sets March 31 Timeline for $2.2 Billion Creditor Payout Efforts to return funds to creditors […]

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FTX Sets $2.2B Distribution as Creditor Recoveries Reach up to 120%

DIGIT — Wed, 18 Mar 2026 21:20:16 +0000

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Blockfills Files for Chapter 11 Bankruptcy Following Month-Long Liquidity Freeze

DIGIT — Mon, 16 Mar 2026 15:10:49 +0000

Blockfills has filed for voluntary Chapter 11 bankruptcy protection on March 15, 2026, after pausing deposits and withdrawals over financial concerns since Feb. 11. A Protracted Liquidity Crisis Institutional cryptocurrency trading firm Blockfills has officially filed for voluntary Chapter 11 bankruptcy protection, a move that comes more than a month after the firm paused deposits […]

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Australian Crypto Exchange Halts Trading, Enters Voluntary Liquidation

DIGIT — Fri, 09 Jan 2026 16:27:47 +0000

Australian crypto exchange group DAEX has ceased trading and entered voluntary liquidation. The liquidator is now urging creditors to come forward. Liquidation Details The Australian cryptocurrency exchange group DAEX has halted all trading operations and entered voluntary liquidation, leaving investors in a state of uncertainty regarding the recovery of their funds. According to the Daily […]

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Crypto’s Biggest Liquidation Day Ever May Have Left Time Bombs in Its Wake

DIGIT — Tue, 04 Nov 2025 14:46:13 +0000

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 […]

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Bankman-Fried Blames Lawyers for FTX Collapse, Says $100B in Value Was Lost

DIGIT — Sun, 02 Nov 2025 03:30:16 +0000

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 […]

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SBF Says FTX ‘Was Never Insolvent’ in Interview; Crypto Community Calls It Spin

DIGIT — Thu, 16 Oct 2025 20:47:43 +0000

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 […]

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BRIC Strikes $299.5 Million Settlement With Tether in Celsius Showdown

DIGIT — Wed, 15 Oct 2025 04:45:20 +0000

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 […]

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