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Alex Mashinsky, the founder of Celsius Network, faces a 12-year term after being convicted of fraud. His actions contributed to the significant financial losses of many investors.
Backpack, which acquired FTX EU for $32.7 million in January, prompts customers to initiate KYC verification as part of the claims process.
With a May 15 deadline fast approaching, only a fraction of non-U.S. customers of BlockFi have claimed their owed distributions.
FTX has announced it will start payments to its primary creditors on May 30, almost three years after its collapse, with $11.4 billion in cash ready for distribution.
A significant court ruling allows Three Arrows Capital to increase its claim against the defunct crypto exchange FTX, complicating the ongoing liquidation process.
Three Arrows Capital successfully expanded its bankruptcy claim against FTX from $120 million to $1.53 billion after a court ruling.
Shareholders are suing Coinbase, alleging that the company and its executives misled them about bankruptcy risks and engaged in undisclosed trading practices.
The FTX bankruptcy estate has disputed Backpack Exchange's unauthorized acquisition of FTX EU, asserting it has not approved distribution of funds to FTX customers.
The FTX bankruptcy saga progresses with a significant settlement from Bybit, enhancing the recovery for affected customers and creditors.
A U.S. judge dismissed Banq's bankruptcy filing, deemed a tactic to avoid creditor litigation.
A lawsuit has emerged from a former FTX customer alleging that Olympus Peak hedge fund failed to honor a bankruptcy payout agreement.
A recent ruling enables most creditors of FTX to recover their losses in cash instead of cryptocurrencies.
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