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Bankruptcy

Current FTX CEO John J. Ray has worked to clawback funds spent by the previous operators of the defunct FTX exchange. (Wikimedia Commons)
Policy
Regulations
Nearly All FTX Creditors Will Get 118% of Their Funds Back in Cash, Estate Says in New Plan
The new reorganization plan must first be approved by a Delaware bankruptcy court.
Current FTX CEO John J. Ray has worked to clawback funds spent by the previous operators of the defunct FTX exchange. (Wikimedia Commons)
By Cheyenne Ligon
May 8, 2024 at 2:49 a.m. UTC
May 8, 2024
RegulationsSBFFTXBankruptcy
The U.S. Department of Justice charged Cred's executives with wire fraud, conspiracy to commit wire fraud and related charges. (Getty Images).
Policy
Regulations
Former Cred Executives Indicted on Wire Fraud, Other Charges
The defunct crypto lender filed for bankruptcy in 2020.
The U.S. Department of Justice charged Cred's executives with wire fraud, conspiracy to commit wire fraud and related charges. (Getty Images).
By Sam KesslerNikhilesh De
May 3, 2024 at 10:14 p.m. UTC
May 3, 2024
RegulationsCredBankruptcyU.S. Department of Justice
Sam Bankman-Fried, right, outside court in July 2023. (Nikhilesh De/CoinDesk)
Policy
Ftx
FTX to Sell $884M of Anthropic Shares to Two Dozen Institutional Investors
The value of FTX's FTT token surged 10% on the news.
Sam Bankman-Fried, right, outside court in July 2023. (Nikhilesh De/CoinDesk)
By Cheyenne Ligon
Mar 25, 2024 at 4:50 p.m. UTC
Mar 25, 2024
FTXBankruptcyAI
New FTX CEO John J. Ray III (C-Span)
Policy
Ftx group
FTX Was Down to Last 105 Bitcoins When Bankruptcy Rescue Crew Arrived: John Ray
Ray said Bankman-Fried’s victims “will never be returned to the same economic position they would have been in today absent his colossal fraud.”
New FTX CEO John J. Ray III (C-Span)
By Cheyenne Ligon
Mar 20, 2024 at 11:13 p.m. UTC
Mar 20, 2024
Ftx groupSam Bankman-FriedJohn Ray IIIBankruptcy
Kyle Davies, Su Zhu, Mark Lamb (Kyle Davies/Twitter)
Policy
Regulations
3AC Co-Founder Kyle Davies Says He Won’t Apologize for Crypto Hedge Fund Going 'Bankrupt'
Davies also said he wouldn't return to Singapore "immediately" in order to effectively avoid jail and wait for some sort of settlement.
Kyle Davies, Su Zhu, Mark Lamb (Kyle Davies/Twitter)
By Amitoj Singh
Mar 20, 2024 at 7:59 a.m. UTC
Mar 20, 2024
Regulations3ACThree Arrows CapitalBankruptcySingaporeKyle daviesUnchained
The now-former FTX Arena (Danny Nelson/CoinDesk archives)
Policy
Regulations
FTX Claims Holder Attestor Takes Creditor to Court Over Alleged 'Seller’s Remorse'
The London-based firm says the creditor promised to fork over two FTX accounts, only to back out of the deal after the value of its claims skyrocketed.
The now-former FTX Arena (Danny Nelson/CoinDesk archives)
By Cheyenne Ligon
Mar 18, 2024 at 5:45 p.m. UTC
Mar 18, 2024
RegulationsFTXBankruptcy
Terraform Labs CEO Do Kwon on CoinDesk TV in December. (CoinDesk)
Policy
Regulations
Terraform Labs Allowed to Hire Law Firm Dentons in Bankruptcy Case by U.S. Court: Reuters
Dentons agreed to send $48 million back to Terraform after objections from Terraform's creditors, the SEC, and the U.S. Justice Department.
Terraform Labs CEO Do Kwon on CoinDesk TV in December. (CoinDesk)
By Amitoj Singh
Mar 13, 2024 at 10:31 a.m. UTC
Mar 13, 2024
RegulationsSECterraform labsBankruptcyDelawareDo Kwon
Wellington, New Zealand (Wolf Zimmermann/ Unsplash)
Finance
Regulations
Bankrupt Cryptopia Exchange to Return Crypto to Some Creditors
The New Zealand exchange went offline in 2019 following a cyber attack that saw millions of dollars worth of tokens stolen.
Wellington, New Zealand (Wolf Zimmermann/ Unsplash)
By Sandali Handagama
Mar 8, 2024 at 1:02 p.m. UTC
Mar 8, 2024
RegulationsCryptopiaBankruptcyNew ZealandExchanges
(Nikhilesh De/CoinDesk)
Policy
Regulations
SEC Objects to Terraform’s $166M Retainer of Law Firm Dentons: Reuters
Additionally, the SEC has said that Terraform should not be allowed to hire law firm Dentons or pay litigation costs for employees, the report said.
(Nikhilesh De/CoinDesk)
By Amitoj Singh
Feb 29, 2024 at 8:01 a.m. UTC
Feb 29, 2024
Regulationsterraform labsReutersBankruptcySECDo Kwon