#Terraform Labs, facing SEC lawsuit, files Chapter 11 bankruptcy to strengthen defense, potentially avoiding bond requirements.

CEO Chris Amani cites #bankruptcy benefits, challenges SEC's authority, claims #crypto assets aren't securities, amid ongoing legal battle. #CryptoNews
https://coinpedia.org/news/terraform-labs-files-for-bankruptcy-to-aid-sec-battle-challenges-jurisdiction-over-crypto-holdings/

#Celsius emerges from Chapter 11 #bankruptcy, distributing over $3 billion in #crypto and fiat to creditors.

Reorganization plan includes creating Ionic Digital, a Bitcoin mining company, and strategic partnerships, successfully settling with regulatory bodies.
https://coinpedia.org/news/celsius-emerges-from-chapter-11-with-a-3-billion-payout-to-creditors/

Three individuals charged for a $400 million SIM-swapping scam targeting #FTX following #bankruptcy filing. #CryptoNews

FTX faces regulatory scrutiny post-bankruptcy; reassures potential full recovery for customers and creditors with valid claims.
https://coinpedia.org/news/whos-behind-the-400-million-ftx-hack-truth-revealed/

#Celsius Network LLC reveals $2 billion #crypto distribution plan to creditors in Chapter 11 filing. #CryptoNews

Court document outlines troubleshooting tips and liquid crypto distributions, highlighting transparency in #bankruptcy proceedings.
https://coinpedia.org/news/celsius-networks-2-billion-crypto-payout-insights-of-the-court-filing/

Ten years ago, on February 28, 2014, Mt. Gox, a prominent cryptocurrency exchange based in Japan, filed for bankruptcy protection. Prior to this, on February 24th, Mt. Gox abruptly halted all trading activities, and shortly after, its website vanished, displaying a blank page.

The collapse of Mt. Gox serves as a stark reminder of the importance of self-custody in the realm of cryptocurrencies. Ensuring complete control over one's Bitcoin holdings should always remain a top priority.

Recent reports indicate that the trustee has reached out to creditors to verify their accounts on the exchange. It appears Mt. Gox aims to compensate victims by rehabilitating them with Bitcoin or Bitcoin Cash.

#crypto #MtGox #Bitcoin #Blockchain #Bankruptcy #CryptoNews #Coinpedia
https://www.youtube.com/watch?v=K7kjDGOBEYY

#Gemini Trust Co. to return $1.1 billion to customers, pay $37 million fine, resolving issues with NYDFS over Gemini Earn program.

Settlement addresses compliance lapses, fraud allegations, assures Earn users 100% #crypto back, pending final approval and #Bankruptcy Court process.
https://coinpedia.org/news/gemini-trust-co-strikes-1-1-billion-deal-with-nydfs-to-compensate-earn-customers/

SEC raises concerns over #Terraform Labs' $166M payment to Dentons, alleging potential evasion of liabilities. #crypto

Terraform Labs' Chapter 11 #bankruptcy amid SEC fraud allegations prompts scrutiny over #financial maneuvers.
https://coinpedia.org/news/sec-raises-alarm-over-terraform-labs-166m-payment-to-dentons-amid-bankruptcy/

#BlockFi reaches agreement with bankrupt #FTX and Alameda, potentially recovering $874.5 million. #crypto

Settlement simplifies #bankruptcy proceedings, prioritizes client recoveries, but full repayment to customers remains uncertain.
https://coinpedia.org/news/blockfi-nears-full-customer-repayment-with-874-5-million-ftx-and-alameda-claim-agreement/

Shockwaves rippling through the crypto world as Sam Bankman-Fried, founder of FTX, receives a 25-year sentence in connection with FTX bankruptcy.

A dramatic twist in the saga of one of crypto's most influential figures.

#FTX #Crypto #Bankruptcy #SBF

https://coinpedia.org/news/breaking-news-sam-bankman-fried-sentenced-to-25-years-over-ftx-bankruptcy/

#FTX creditors to receive 98% of claims in cash, 100% for other creditors, boosting market trust. #Crypto #CryptoNews

FTX's CEO commits to repaying creditors, analysts note surplus funds for complete #bankruptcy recovery.
https://coinpedia.org/news/ftxs-commitment-to-creditors-amended-plan-of-reorganization-filed/