bankruptcy

BitRiver Founder Faces Escalating Legal Challenges as Fraud Investigation Expands

Russia’s cryptocurrency mining sector faces increased scrutiny after authorities expanded the legal case against BitRiver founder Igor Runets. A Moscow court ordered Runets into formal detention on July 22 after prosecutors added fraud charges to an ongoing tax investigation. Prosecutors allege he orchestrated fraudulent mining equipment transactions involving entities linked

13 hours ago 2 mins read

Storj Files Chapter 11 Bankruptcy, Keeps Cloud Storage Services and STORJ Network Running

Blockchain-powered decentralized cloud storage platform Storj Labs is seeking Chapter 11 bankruptcy protection. Even as it conducts business as usual on its cloud storage network. The firm has filed its petition to the U.S. Bankruptcy Court for the Northern District of West Virginia on July 26. The filing aims to

July 27, 2026 2 mins read

Movement Labs Files for Chapter 11: Move Industries Clarifies It Is Not Affiliated With MVMT Labs

Movement Labs, the original developer behind the MOVE-based Ethereum Layer 2 blockchain, filed for Chapter 11 bankruptcy protection on July 15 under Subchapter V. The court filings, docketed as case number 1:26-bk-11113, and it is assigned to Judge Thomas M. Horan. The list of assets is between $100,001 and $500,000,

July 22, 2026 2 mins read

FTX Bankruptcy Estate Plans $900 Million Distribution, Total Payouts Hit $10 Billion

The remains of the defunct crypto exchange FTX will be initiating yet another massive distribution of funds this month. The bankruptcy estate will start the distribution of approximately $900 million to eligible global creditors from July 31, 2026. This very important step comes at the end of a highly organized

July 18, 2026 2 mins read

Seized Alameda Funds on the Move Again: What Could the Latest US Government Transfer Signal?

According to reports, the U.S. government has sent an additional $350,000 in cryptocurrency. This had been initially stolen from Alameda Research and other FTX-related accounts on the Binance platform, close to three years after the collapse of the cryptocurrency kingdom. This money will definitely help in paying off creditors due

June 16, 2026 2 mins read

BlockFills Files for Chapter 11 Bankruptcy After Liquidity Crisis

BlockFills, a cryptocurrency trading firm, has filed for Chapter 11 bankruptcy due to liquidity issues and other challenges. According to court documents, BlockFills has assets worth $50 million to $100 million, while its liabilities stand at $100 million to $500 million. BlockFills, a cryptocurrency trading company, has filed for Chapter

March 16, 2026 2 mins read

Prosecutors Oppose Sam Bankman-Fried’s Request for New Trial

The prosecutors of the United States requested a judge to decline a request by former FTX CEO Sam Bankman-Fried for a new trial, claiming that the jailed crypto official has not been successful in showing any legitimate new evidence. The proposal of Bankman-Fried, filed in February by his mother on

March 12, 2026 2 mins read

Backpack Exchange Completes FTX EU Acquisition to Expand in Europe

The fully-regulated global cryptocurrency exchange, Backpack Exchange, has announced the purchase of FTX EU—the MiFID II-authorized European subsidiary of the collapsed FTX. This acquisition was examined and authorized by the FTX bankruptcy court and the Cyprus Securities and Exchange Commission (CySEC). Notably, the FTX EU’s MiFID II licence, obtained under

January 7, 2025 2 mins read

FTX Reorganization Plan Receives Approval from US Bankruptcy Judge

The Web3 community after a recent slump has begun to stir up its activity. Meanwhile, the looming US elections and FED reports have influenced the sector’s different aspects. While prices have shown mixed signals, the industry itself has become vibrant. A recent report stated that almost 7.51% of the global

October 8, 2024 2 mins read

FTX Bankruptcy Estate Reaches $228M Settlement with Bybit Exchange

Defunct FTX to Repay Creditors $16B Starting Q4 Amid SEC Hurdle

FTX, the crypto exchange that faced bankruptcy in November 2022 is planning to repay creditors in the fourth quarter of 2024 which is starting this October. They are redistributing 16 billion dollars. It owes more than two million customers and other non-governmental creditors about $11 billion. This vital move marks

September 3, 2024 2 mins read