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Bankruptcy

Terraform Labs Files for Chapter 11 Bankruptcy in the US 

by Isaac Wright
Terraform Labs Files for Chapter 11 Bankruptcy in the US 

The Singapore-based firm, which was behind the collapse of the TerraUSD stablecoin ecosystem in 2022, listed assets and liabilities in the range of $100 million to $500 million, according to …

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IBM, Westpac-backed blockchain project Lygon to liquidate

by Isaac Wright
IBM, Westpac-backed blockchain project Lygon to liquidate

Blockchain startup Lygon — backed by International Business Machines and other prominent supporters, including major financial institutions — has gone bankrupt. The Australia-based company’s debt hovers at around $14.3 million, …

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As clock ticks down to CEBA deadline, business owners plead for understanding from government

by Anas Siddiqui
As clock ticks down to CEBA deadline, business owners plead for understanding from government

Some small business owners in Canada are asking for the federal government to reckon with the challenges they face as they confront a looming deadline to repay a portion of emergency government …

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Bitget exec dispels insolvency rumors spread on X

by Isaac Wright
Bitget exec dispels insolvency rumors spread on X

Bitget’s managing director, Gracy Chen, commented on an X post that discussed the insolvency of the exchange and the alleged disappearance of its key officials. In the wake of widespread …

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Celsius Threatens to Sue Creditors Who Withdrew Funds Before Collapse

by Isaac Wright
Celsius Threatens to Sue Creditors Who Withdrew Funds Before Collapse

Celsius, the platform whose bankruptcy plan was finally approved late last year, has recently lashed out at former clients who cashed out before the company had the opportunity to freeze …

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Celsius moves to unstake $470m in ETH for creditor repayments

by Isaac Wright
Celsius moves to unstake 0m in ETH for creditor repayments

Bankrupt cryptocurrency lender Celsius Network revealed plans today to unstake its existing Ethereum holdings in preparation for prompt distributions to its creditors. On Jan. 5, the lending company Celsius that …

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RootData publishes list of deceased crypto projects

by Isaac Wright
RootData publishes list of deceased crypto projects

RootData, a provider of visual and structured data on companies in the digital finance industry, has published a list of deceased crypto projects that failed to make it through 2023. …

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Most notable crypto bankruptcies in 2023

by Isaac Wright
Celsius moves to unstake 0m in ETH for creditor repayments

Explore the list of crypto bankruptcies in 2023, including detailed insights into the collapse of major exchanges. It’s quite evident that crypto had one of its worst years in 2022. …

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Mt. Gox creditors finally getting paid after 10 years

by Isaac Wright
Mt. Gox creditors finally getting paid after 10 years

Creditors of long-failed cryptocurrency exchange Mt. Gox have finally started receiving payments for their Bitcoin (BTC), which has been locked up on the exchange since February 2014. On Dec. 25, …

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Rudy Giuliani files for bankruptcy after US$148 million judgment in defamation case

by Walter Watson
Rudy Giuliani files for bankruptcy after US8 million judgment in defamation case

“No person could have reasonably believed that Mayor Rudy Giuliani would be able to pay such a high punitive amount,” spokesperson Ted Goodman said. US bankruptcy proceedings can enable people …

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