There are lessons to be learned from the major crypto bankruptcies. This guide covers a number of these monumental events in detail.
In its bankruptcy filing in November 2022, BlockFi had cited its loans to FTX's sister firm Alameda as one of the reasons for its collapse. Separately, FTX founder Sam Bankman-Fried is currently ...
NEW YORK: BlockFi, the first direct casualty of crypto exchange FTX’s collapse, tells a US bankruptcy judge that the US cryptocurrency lender was “the antithesis of FTX” and that it would ...
Station 70, a crypto recovery and backup startup founded by BlockFi's former chief security officer, raised $5 million in ...
and who has jurisdiction over these issues — the criminal courts or the bankruptcy courts. In the BlockFi case, the DOJ seized assets of the company pursuant to criminal and civil forfeitures, arguing ...
FTX proposed bankruptcy repayment still faces significant ... customer repayment in recent crypto bankruptcies, including the BlockFi and Genesis Global cases. If the government does not agree ...
Bankruptcy, on the other hand, is a legal debt relief avenue by which the courts can require your lenders to discharge your debt (Chapter 7 bankruptcy) or work with you to restructure your assets ...
Bankruptcy Overview: Legal process for debt relief with lasting consequences for individuals and businesses. Bankruptcy Types: Six in the U.S., including Chapters 7, 11, and 13, each with unique ...