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
Bankruptcy
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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
US Supreme Court knocks back case over $4.4B Silk Road Bitcoin
The top court in the US won’t hear Battle Born Investments’ case claiming it purchased rights to 69,370 Bitcoin seized by the US from the online black market Silk Road. Go to Source
Bankruptcy judge approves FTX’s reorganization plan
Roughly two years after the crypto exchange collapsed and many of its executives faced criminal charges, the Oct. 7 court decision was a step forward for reimbursing FTX users. Go to Source
FTX bankruptcy estate auctioning Worldcoin tokens this week
According to CoinGecko, Worldcoin currently has a market capitalization of approximately $792 million and a 494 million circulating supply. Go to Source
FTX Token spikes 70% amid looming bankruptcy distributions
The native token of the bankrupt crypto exchange FTX has seen sharp bullish action amid looming bankruptcy distributions. Go to Source
Terraform Labs may close products, services in bankruptcy wind-down
Get it before Oct. 30, Terraform Labs tells the third parties it is discussion its wind-down with. Go to Source
