Celsius to appeal order that disallowed its $444M claim against FTX
The crypto lender made two claims, both of which were dismissed by Judge Dorsey for various reasons, including procedural shortcomings. Go to Source
Bankruptcy
Auto Added by WPeMatico
Bankrupt Cryptopia exchange distributes $225M to hack victims
Initially owing creditors $4.2 million, Cryptopia’s liquidator Grant Thornton has distributed at least $225 million in crypto to hack victims in December. Go to Source
Kraken and BitGo will help distribute the first FTX payments in 2025
More than two years after the cryptocurrency exchange filed for bankruptcy, the first group of FTX claimants could see recovery payments distributed as early as January. Go to Source
FTX debtors recover $14M in political donations
A bankruptcy court filing showed FTX’s debtors reached settlements with political action committees and state-level Democratic parties over political contributions. Go to Source
Enron relaunch headed by pranksters hints at offering crypto token
Enron is back from the dead 23 years after its massive fraud put into bankruptcy, with the pranksters who have seemingly taken over the brand hinting at launching a token. Go to Source
FTX filed for bankruptcy 2 years ago — What’s happening now?
The exchange’s creditors haven’t been made whole despite a judge approving a plan, and sentencing for former executives is nearing an end. Go to Source
FTX tries to reclaim $11M from Crypto.com-controlled Alameda account
Alameda Research has filed complaints against crypto exchange KuCoin and Crypto.com to recover millions in locked funds as FTX prepares to repay users. Go to Source
California revokes BlockFi’s lending license 2 years after bankruptcy
Bankrupt and now defunct BlockFi has entered into a settlement agreeing to the license revocation and to cease unsafe practices. Go to Source
FTX estate sues KuCoin to recover over $50M in assets
The assets were initially valued at $28 million but now exceeded $50 million due to market fluctuations. The assets have been frozen by KuCoin since FTX’s collapse in November 2022. Go to Source
FTX settles lawsuit against the Bybit exchange for $228 million
The prices of Bitcoin and other digital assets were significantly lower during the 2022 collapse of FTX compared to current market prices. Go to Source