Tagged: bankruptcy

July 28, 2026 @ 7:53 am By Omar Faridi  |  

Storj Labs, the company operating a decentralized cloud storage network, has initiated a voluntary Chapter 11 bankruptcy proceeding as part of a planned financial restructuring. The filing took place on July 26, 2026, in the United States Bankruptcy Court for the Northern District of West… Read More

July 24, 2026 @ 8:45 am By Omar Faridi  |  

Poolin, a once-prominent cryptocurrency mining pool operator, has initiated Chapter 11 bankruptcy proceedings in the United States as part of efforts to dispose of its Texas-based facilities and conclude its activities. The Singapore-headquartered firm, along with its American subsidiaries Lonestar Dream Inc. and Lonestar Taproot… Read More

July 22, 2026 @ 9:22 pm By Omar Faridi  |  

MVMT Labs, the original research and development company responsible for the foundational technology of the Movement Network, has filed for reorganization under Chapter 11 of the US Bankruptcy Code. The petition was submitted to the US Bankruptcy Court for the District of Delaware in early… Read More

July 18, 2026 @ 10:17 am By Omar Faridi  |  

The estate of the collapsed crypto exchange FTX is set to release approximately $900 million to eligible claimants in what represents its fifth major wave of repayments. This development, detailed in a recent announcement, highlights the continued progress in addressing obligations stemming from the exchange‘s… Read More

May 25, 2026 @ 3:46 pm By Omar Faridi  |  

Customers impacted by the spectacular 2022 collapse of the once prominent cryptocurrency exchange FTX have secured another round of financial recoveries through settlements with key professional service providers who worked with the exchange.  The agreements involve the firm’s former primary outside counsel and its auditor,… Read More

May 10, 2026 @ 11:39 am By Omar Faridi  |  

A fintech company known for offering corporate credit cards and banking services tailored to e-commerce businesses has filed for liquidation under Chapter 7 of the U.S. Bankruptcy Code. Parker Group, Inc., which emerged from the Y Combinator Winter 2019 batch, submitted its voluntary petition on… Read More

April 7, 2026 @ 8:08 am By Omar Faridi  |  

Miami-based fintech company Pepper Pay LLC has entered Chapter 7 bankruptcy. The company sought to streamline digital payment solutions for small businesses. The voluntary filing, submitted on March 31, 2026, to the U.S. Bankruptcy Court in the Southern District of Florida, signals the start of… Read More

April 2, 2026 @ 8:53 am By JD Alois  |  

Shojin Property Partners has entered administration. The UK real estate investment platform has been authorized by the UK Financial Conduct Authority since 2017. According to the Shojin website. The company filed for insolvency on March 23, 2026. Simon Carvill-Biggs and Ian Corfield, from FRP Advisory… Read More

March 16, 2026 @ 9:18 pm By Omar Faridi  |  

Institutional trading platform BlockFills has initiated restructuring proceedings under U.S. bankruptcy law. The company’s parent entity, Reliz Ltd., along with several related subsidiaries, submitted a voluntary petition for reorganization in a Delaware federal court. This step comes shortly after the firm imposed restrictions on client… Read More

September 21, 2025 @ 5:43 pm By Omar Faridi  |  

The FTX Recovery Trust has unveiled plans for its third round of distributions, injecting approximately $1.6 billion back into the pockets of affected creditors. Scheduled to commence on September 30, 2025, this payout underscores the ongoing efforts to rectify the fallout from one of the… Read More

June 4, 2025 @ 8:15 am By Omar Faridi  |  

The cryptocurrency ecosystem has marked a pivotal moment as FTX, once a major crypto exchange, began its creditor distribution process. Sunil, an advocate for FTX creditors known on X as @sunil_trades, shared that around $5 billion is being returned to creditors. Large claims over $50,000… Read More

April 10, 2025 @ 11:19 am By JD Alois  |  

Solid, a banking platform, has filed for bankruptcy. According to filings submitted to the Bankruptcy court in Delaware, the company reports unsecured trade debt totaling approximately $760,000 with a limited amount of current revenue and approximately $7 million in cash on hand and approximately $2… Read More

November 3, 2024 @ 4:15 pm By Michael Wong  |  

Australian crowdfunding platform Equitise has entered administration after failing to secure new funding necessary to sustain its operations, according to a filing lodged with the corporate regulator seen by The Australian Financial Review. It was reported earlier this year that Equitise had lost its license… Read More

September 24, 2024 @ 5:25 pm By JD Alois  |  

Caroline Ellison, once the CEO of Alameda Research, the hedge fund affiliated with FTX, has received a two-year sentence for her involvement in the failure of the once-popular crypto exchange. FTX collapsed into bankruptcy following a “run on the bank“-like event as investors pulled money… Read More

May 21, 2024 @ 7:05 pm By JD Alois  |  

Synapse, a Banking as a Service (BaaS) provider labeled in 2023 as one of the World’s Best Fintech Companies by CNBC, is in the throes of bankruptcy. In just a few short months, things have changed dramatically at Synapse it seems. It has been reported… Read More

May 12, 2024 @ 10:03 am By Omar Faridi  |  

Mainstream media headlines this past week read something like “FTX Has Billions More Than Needed to Pay Bankruptcy Victims” and “FTX says most customers of the bankrupt crypto exchange will get all their money back.” However, digital asset investor Anthony Pompliano has explained why this… Read More

May 10, 2024 @ 9:02 am By Omar Faridi  |  

  BlockFi says they have engaged Coinbase (NASDAQ:COIN) as their distribution partner to ensure continuity of crypto withdrawals available to their eligible BlockFi Interest Account (BIA), Retail Loan, and Private Clients. As previously reported, BlockFi emerged from bankruptcy as of October 24, 2023. BlockFi filed… Read More

February 1, 2024 @ 8:15 am By Omar Faridi  |  

Celsius Network LLC announced that it has emerged from bankruptcy by completing the transactions under its confirmed plan of reorganization. The plan was reportedly “approved by approximately 98% of the company’s account holders and confirmed by the Bankruptcy Court for the Southern District of New… Read More

October 27, 2023 @ 1:13 pm By JD Alois  |  

BlockFi has emerged from bankruptcy as of October 24, 2023. BlockFi filed for bankruptcy in November of 2022 following the collapse of multiple crypto firms culminating in the failure of FTX – once one of the largest crypto exchanges in the world. Prior to declaring… Read More

September 4, 2023 @ 9:48 am By Omar Faridi  |  

Digital currency exchange Gemini is attempting to encourage various other creditors behind a plan to get more money from bankrupt cryptocurrency lending company Genesis‘ parent firm, the Digital Currency Group (DCG), This, according to an update from the Information shared this past Friday. The latest… Read More