Customers Could Be Crushed—Expert Flags Deep Risk for Linqto Investors

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 Files Bankruptcy Amid Legal Probes and Corporate Structure Issues

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

$1.5B in Crypto Still Sits in the Ruins of Firms Like FTX, Terraform, Celsius, and Blockfi

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

FTX Creditors to Receive Over $5B in Second Payout Starting May 30

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

Ex-Celsius CEO Alex Mashinsky Seeks 1-Year Sentence, Rejects DOJ’s 20-Year Proposal

Former Celsius CEO Alex Mashinsky is seeking a one-year prison sentence, sharply contesting the Department of Justice’s (DOJ) recommendation of 20 years for fraud and market manipulation tied to the cryptocurrency platform’s 2022 collapse. Mashinsky’s Lawyers Push for Leniency in Sentencing Memo In a 30-page filing to the Southern District of New York (SDNY), Alex … Read more

FTX Estate to Begin Repaying Main Creditors $11.4B in Cash by May 2025

The bankrupt cryptocurrency platform FTX aims to initiate repayments to primary creditors by May 30, 2025, deploying an $11.4 billion liquidity pool amassed since its 2022 downfall, Bloomberg revealed this week. Bankrupt FTX Creditors to Receive Payouts Having sought Chapter 11 protection in November 2022 amid a liquidity shortfall and fraud disclosures, the firm has … Read more

Elon Musk Urges Public to Help DOGE as US Bankruptcy Looms

Elon Musk warns America is on the brink of financial collapse. Urgent help is needed to expose government waste before uncontrolled spending drives the nation to ruin. US Bankruptcy Looms—Elon Musk Says Only ‘Radical Action’ Can Save It The Department of Government Efficiency (DOGE) is seeking public assistance in reducing waste and fraud. Tesla and … Read more

Bankrupt FTX Sets Initial Payout Date for 2025, Partners With Bitgo and Kraken

FTX will initiate repayments to Convenience Class creditors on Feb. 18, 2025, nearly three years after its November 2022 bankruptcy filing. FTX Creditors to Receive First Distributions Starting Feb. 18, 2025 Eligible creditors in FTX’s Convenience Classes can expect funds within 1-3 business days starting Feb. 18, according to a Feb. 7 announcement. Distributions are … Read more