FTX Sets $2.2B Distribution as Creditor Recoveries Reach up to 120%
FTX is set to begin a $2.2 billion creditor payout on March 31 while separately scheduling its first preferred equity payments for May 29, as multiple claim classes move toward…
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Blockfills Files for Chapter 11 Bankruptcy Following Month-Long Liquidity Freeze
Blockfills has filed for voluntary Chapter 11 bankruptcy protection on March 15, 2026, after pausing deposits and withdrawals over financial concerns since Feb. 11. A Protracted Liquidity Crisis Institutional cryptocurrency…
Crypto Lender BlockFills Enters Chapter 11 with Up to $500M in Liabilities
Crypto lending and trading company BlockFills has filed for Chapter 11 bankruptcy protection following cash flow problems that led to customers being unable to withdraw their money. The firm, which…
Australian Crypto Exchange Halts Trading, Enters Voluntary Liquidation
Australian crypto exchange group DAEX has ceased trading and entered voluntary liquidation. The liquidator is now urging creditors to come forward. Liquidation Details The Australian cryptocurrency exchange group DAEX has…
Crypto’s Biggest Liquidation Day Ever May Have Left Time Bombs in Its Wake
The Oct. 10, 2025, crypto liquidation cascade set an all-time single-day record and, according to market observers, the real damage may surface in the coming weeks if distressed firms reveal…
Bankman-Fried Blames Lawyers for FTX Collapse, Says $100B in Value Was Lost
The fallen FTX founder Sam Bankman-Fried is back on X, insisting his collapsed exchange wasn’t actually insolvent. He’s now claiming that outside lawyers strong-armed the company into filing for bankruptcy.…
SBF Says FTX ‘Was Never Insolvent’ in Interview; Crypto Community Calls It Spin
In a new prison interview with the conservative X account @amuse, Sam Bankman-Fried argues FTX “was never insolvent,” contending assets exceeded liabilities at filing and that bankruptcy professionals destroyed value…
BRIC Strikes $299.5 Million Settlement With Tether in Celsius Showdown
The Blockchain Recovery Investment Consortium (BRIC), a joint venture between GXD Labs and Vaneck, has reached a $299.5 million settlement with the largest stablecoin issuer by market cap, Tether, resolving…
FTX Recovery Trust Sues Genesis Digital Assets, Seeks $1.15B Clawback
FTX Recovery Trust filed a Delaware adversary complaint seeking to claw back $1.15 billion from Genesis Digital Assets and affiliates, alleging Alameda-funded investments were fraudulent transfers financed with commingled customer…
FTX Recovery Trust Announces Third $1.6B Creditor Distribution
The FTX Recovery Trust, the organization tasked with repaying former customers and creditors of the defunct exchange, has announced a third distribution of nearly $1.6 billion. According to a press…
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