Bankruptcy

(Nikhilesh De/CoinDesk)
SEC Objects to Terraform’s $166M Retainer of Law Firm Dentons: Reuters
Additionally, the SEC has said that Terraform should not be allowed to hire law firm Dentons or pay litigation costs for employees, the report said.
(Nikhilesh De/CoinDesk)

Gemini founders Tyler and Cameron Winklevoss. (Joe Raedle/Getty Images)
Winklevoss Twins' Gemini Promises to Return $1.1B to Earn Customers
The pact is tied to the bankruptcy of Genesis Global Capital, Gemini's partner for its Earn program.
Gemini founders Tyler and Cameron Winklevoss. (Joe Raedle/Getty Images)

Barry Silbert's Digital Currency Group is objecting to the settlement that Genesis struck with the New York attorney general. (CoinDesk)
DCG Calls Out Subsidiary Genesis' Settlement With New York as 'Subversive'
DCG filed an objection in bankruptcy court to the deal its own subsidiary secured to end the New York attorney general's investigation of fraud and money laundering controls.
Barry Silbert's Digital Currency Group is objecting to the settlement that Genesis struck with the New York attorney general. (CoinDesk)

Sam Bankman-Fried leaving court on February 16, 2023 (Liz Napolitano/CoinDesk)
FTX to Sell Custody Unit for $500K After Paying $10M Just Months Before Collapse
The bankrupt exchange's unit, Digital Custody Inc., which FTX bought for $10 million, sold for just $500k to CoinList.
Sam Bankman-Fried leaving court on February 16, 2023 (Liz Napolitano/CoinDesk)

Sale (Justin Lim/Unsplash)
Genesis Seeks Approval to Sell $1.6B in Bitcoin, Ether Trust Holdings
Nearly $1.4 billion of Genesis’ assets were held in Grayscale Bitcoin Trust (GBTC), which has since converted to a spot exchange-traded fund (ETF).
Sale (Justin Lim/Unsplash)

Celsius to distribute $3 billions of crypto to creditors as firm emerges from bankruptcy.
Celsius to Distribute $3B Crypto to Creditors as Firm Emerges From Bankruptcy
The distribution will be made through PayPal and Coinbase.
Celsius to distribute $3 billions of crypto to creditors as firm emerges from bankruptcy.

Sam Bankman-Fried (Liz Napolitano/CoinDesk)
FTX Expects to Fully Repay Customers but Won't Restart Defunct Crypto Exchange
An initial surge in the FTT token after the news turned negative, leaving FTT plummeting 15% today.
Sam Bankman-Fried (Liz Napolitano/CoinDesk)

(Adobe Firefly)
FTX Sold About $1B of Grayscale's Bitcoin ETF, Explaining Much of Outflow: Sources
BTC's price has fallen since bitcoin ETFs were approved. In theory, now that FTX is done selling its substantial holdings, the selling pressure could ease since a bankruptcy e...
(Adobe Firefly)

Barbara Fried and Joe Bankman at the federal courthouse where their son, Sam Bankman-Fried, was preparing to testify on Oct. 26, 2023 (Victor Chen/CoinDesk)
Sam Bankman-Fried's Parents Ask Court to Dismiss FTX's Lawsuit Seeking to Recover Funds
Bankman and Fried, both professors at Stanford Law School, argued that Bankman did not have a fiduciary relationship with FTX .
Barbara Fried and Joe Bankman at the federal courthouse where their son, Sam Bankman-Fried, was preparing to testify on Oct. 26, 2023 (Victor Chen/CoinDesk)

Core Scientific's Marble facility in North Carolina. (Core Scientific)
Bitcoin Miner Core Scientific to Emerge From Bankruptcy, Re-List Shares This Month
The company expects to see nearly $600 million in revenue this year.
Core Scientific's Marble facility in North Carolina. (Core Scientific)