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Bankruptcy

British Virgin Islands court freezes over $1b in 3AC assets

by Isaac Wright
British Virgin Islands court freezes over b in 3AC assets

Assets worth about $1 billion belonging to the cryptocurrency hedge fund Three Arrows Capital (3AC) founders were frozen by a British Virgin Islands court. A British Virgin Islands court has …

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FTX resolves dispute with Bahamian liquidators month after SBF’s conviction

by Edgar Davis
FTX resolves dispute with Bahamian liquidators month after SBF’s conviction

Bankrupt crypto exchange FTX Trading on Tuesday announced a settlement with liquidators for FTX’s Bahamas unit, resolving a long-simmering dispute over whether the company’s US bankruptcy proceedings should take precedence over the Bahamian …

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Court prevents DCG from altering Genesis ownership

by Isaac Wright
Court prevents DCG from altering Genesis ownership

In a recent legal development, a judge has ruled that Digital Currency Group is prohibited from making ownership changes within Genesis until DCG successfully exits bankruptcy. This decision safeguards Genesis …

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Alex Jones proposes $55 million legal debt settlement to Sandy Hook families

by Ron Morgan
Alex Jones proposes  million legal debt settlement to Sandy Hook families

Conspiracy theorist Alex Jones’ latest bankruptcy plan would pay Sandy Hook families a minimum total of $55 million over 10 years, a fraction of the nearly $1.5 billion awarded to …

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SafeMoon seeks Chapter 7 bankruptcy amid arrests and SEC allegations

by Isaac Wright
SafeMoon seeks Chapter 7 bankruptcy amid arrests and SEC allegations

DeFi protocol SafeMoon has applied for Chapter 7 bankruptcy protection following allegations of fraud by the U.S. securities authority. On Dec. 14, SafeMoon filed for Chapter 7 bankruptcy, commonly referred …

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US Supreme Court wrestles with OxyContin maker’s bankruptcy deal – with billions of dollars at stake

by Walter Watson
US Supreme Court wrestles with OxyContin maker’s bankruptcy deal – with billions of dollars at stake

Justice Elena Kagan seemed to sum up the questions that were nagging at some of the justices. “It seems as though the federal government is standing in the way of …

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Opinion | Global debt crisis goes well beyond China’s property sector woes

by Anas Siddiqui
Opinion | Global debt crisis goes well beyond China’s property sector woes

“Staggering” is the kind of term those attempting to describe the debt problems in China would use. It is strong language coming from a sober institution such as the IIF, …

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FTX Gains Court Approval to Sell Grayscale Trust Assets Nearly $800 Million

by Isaac Wright
FTX Gains Court Approval to Sell Grayscale Trust Assets Nearly 0 Million

Bankrupt crypto exchange FTX has secured approval from the US bankruptcy court for the sale of crypto trust assets managed by Grayscale as part of efforts to make repayments to …

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Thai crypto exchange Zipmex reportedly offers creditors nearly 30 cents on dollar

by Isaac Wright
Thai crypto exchange Zipmex reportedly offers creditors nearly 30 cents on dollar

Troubled cryptocurrency exchange Zipmex has proposed its creditors nearly 30 cents per dollar of claims as part of its restructuring plan. Embattled crypto exchange Zipmex has offered its creditors 29.35 …

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Sandy Hook families offer to settle Alex Jones’ $1.5 billion legal debt for at least $85 million

by Ron Morgan
Sandy Hook families offer to settle Alex Jones’ .5 billion legal debt for at least  million

Sandy Hook families who won nearly $1.5 billion in legal judgments against conspiracy theorist Alex Jones for calling the 2012 Connecticut school shooting a hoax have offered to settle that …

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