bankruptcy

Blockchain News

BitRiver Bitcoin mining facility faces bankruptcy and court-ordered insolvency proceedings in Russia
Blockchain News

BitRiver Bankruptcy: Russia’s Bitcoin Mining Giant Collapses After Court Orders $9M Debt Proceedings

February 2, 2026 j n

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 […]

Russia's largest Bitcoin miner BitRiver faces bankruptcy amid energy debt crisis
Blockchain News

BitRiver Bankruptcy: Russia’s Largest Bitcoin Miner Faces Stunning Collapse

February 2, 2026 j n

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 […]

Kroll trustee begins Terraform Labs repayment process for Terra-Luna collapse claimants.
Bitcoin News

Terraform Labs Repayment Process Begins: Kroll Trustee Finally Notifies Claimants After Long Wait

January 21, 2026 j n

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 […]

FTX creditor repayment process and bankruptcy court proceedings timeline
Bitcoin News

FTX Announces Crucial March 31 Creditor Repayment While Seeking Court Approval for Enhanced Distributions

January 14, 2026 j n

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 […]