New York, March 2025: The FTX collapse represents one of the most catastrophic failures in financial history, wiping out what could have been a $50 billion portfolio through a fatal combination of illiquid bets and liquidity mismatches. Recent valuations and forensic analysis reveal how Sam Bankman-Fried’s once-dominant cryptocurrency exchange unraveled in just 72 hours, forcing […]
Global, May 2025: Alameda Research, the trading firm formerly affiliated with the collapsed FTX empire, has transferred approximately $15 million worth of Solana (SOL) tokens to creditors. This substantial movement represents another critical step in the complex and closely watched bankruptcy proceedings that have reshaped the cryptocurrency landscape since late 2022. Blockchain intelligence platform Arkham […]
Moscow, Russia – April 2025: Russia’s dominant Bitcoin mining operator BitRiver faces imminent bankruptcy after a Moscow court initiated formal insolvency proceedings against the company. The dramatic development follows revelations of approximately $9 million in unpaid debts, frozen corporate accounts, and the complete halt of mining operations at several facilities. This crisis represents the most […]
Moscow, Russia, April 2025: Russia’s cryptocurrency mining industry faces a seismic shock as BitRiver, the nation’s largest Bitcoin mining operation, teeters on the brink of bankruptcy. The stunning development follows a bankruptcy petition filed by energy conglomerate En+, which claims the mining company failed to repay a 700 million ruble ($9.2 million) advance and penalty […]
In a significant development for thousands of affected investors, the bankruptcy trustee for Terraform Labs has officially initiated the long-awaited repayment process for losses stemming from the catastrophic May 2022 collapse of the Terra-Luna ecosystem. Kroll Restructuring, the appointed claims administrator, began notifying registered claimants this week, providing crucial guidance on distribution methods and timelines […]
The FTX bankruptcy estate has confirmed a significant March 31, 2025 creditor repayment date, marking another critical phase in the complex unwinding of what was once a cryptocurrency exchange giant. This announcement comes alongside a strategic court filing to potentially increase total creditor recoveries by adjusting reserves for disputed claims. The developments represent tangible progress […]
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