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Author: Admin | 2025-04-28
To an investor, V Ventures, missing a $1.25 million payment for a takeover. This delays customer withdrawals following Zipmex's bankruptcy after Terra's collapse. FCoin 7,000 to 13,000 BTC Chapter 11 FCoin crypto exchange paused operations due to a $130 million asset shortfall. Founder Zhang Jian cited system errors over-rewarding users and poor decisions. Zhang plans to compensate for losses with future project profits. Quadriga C260M Canadian Bankruptcy and Insolvency Act (BIA) Quadriga CX's bankrupt exchange will pay users 13% of their claims. EY's documents show Quadriga owes CAD $303.1 million across 17,648 claims. Article Sources BuyBitcoinWorldWide writers are subject-matter experts and base their articles on firsthand information, like interviews with experts, white papers or original studies and experience. We also use trusted research and studies from other well-known sources. You can learn more about our editorial guidelines. Wall Street Journal - Mt. Gox Creditors Near Payout, Sparking Fears of Bitcoin Price Crash, https://www.wsj.com/livecoverage/stock-market-news-today-08-23-2022/card/mt-gox-creditors-near-pay-out-sparking-fears-of-bitcoin-price-crash-os2dFJVcBGqXuzNFgA4V Reuters - Bankrupt crypto exchange FTX has recovered $7.3 billion in assets, https://www.reuters.com/technology/bankrupt-crypto-exchange-ftx-has-recovered-73-bln-assets-attorney-2023-04-12/ Reuters - Three Arrows Capital says its founders still not cooperating with asset recovery, https://www.reuters.com/technology/bankrupt-hedge-fund-three-arrows-liquidator-begins-taking-control-assets-block-2022-12-02/ Reuters - Crypto lending unit of Genesis files for U.S. bankruptcy, https://www.reuters.com/technology/crypto-lending-unit-genesis-files-us-bankruptcy-2023-01-20/ CNBC - Crypto firm BlockFi files for bankruptcy as FTX fallout spreads, https://www.cnbc.com/2022/11/28/blockfi-files-for-bankruptcy-as-ftx-fallout-spreads.html Blockworks - Core Scientific Expands Mining Fleet Post-Bankruptcy, https://blockworks.co/news/core-scientific-expands-mining-fleet-post-bankruptcy Reuters - Bankrupt crypto lender Voyager Digital predicts 35% customer payout, https://www.reuters.com/technology/bankrupt-crypto-lender-voyager-digital-predicts-35-customer-payout-2023-05-17/ Reuters - Crypto lender Celsius picks Fahrenheit's bid for bankruptcy exit, https://www.reuters.com/markets/deals/crypto-lender-celsius-picks-fahrenheits-bid-bankruptcy-exit-2023-05-25/ BeInCrypto - Cryptopia Releases Update to Users Regarding Liquidations From 2019 Hack, https://beincrypto.com/cryptopia-releases-update-to-users-regarding-liquidations-from-2019-hack/ CoinDesk - Compute North’s Reorganization Plan Approved by Bankruptcy Judge, https://www.coindesk.com/policy/2023/02/16/compute-norths-reorganization-plan-approved-by-bankruptcy-judge/ Investopedia - Bittrex Files for Bankruptcy After Ending US Operations, https://www.investopedia.com/bittrex-exchange-bankruptcy-7495612 CoinTelegraph - ACX's parent company Blockchain Global collapses owing $15M, https://cointelegraph.com/news/acx-s-parent-company-blockchain-global-collapses-owing-15m Decrypt - Babel Finance Mulls New Token Launch to Repay Creditors, https://decrypt.co/122778/babel-finance-mulls-new-token-launch-repay-creditors Blockworks - Hodlnaut Hunts for Buyer, Creditors Want Liquidation, https://blockworks.co/news/hodlnaut-hunts-for-buyer-creditors-want-liquidation CoinDesk - Crypto Exchange Zipmex Files for Two-Month Moratorium Extension, https://www.coindesk.com/business/2023/04/18/crypto-exchange-zipmex-files-for-two-month-moratorium-extension/ CoinDesk - Crypto Exchange FCoin Insolvent After Revealing Up to $130M Bitcoin Shortfall, https://www.coindesk.com/markets/2020/02/17/crypto-exchange-fcoin-insolvent-after-revealing-up-to-130m-bitcoin-shortfall/ CoinDesk - Quadriga CX Bankruptcy Claimants to Get 13% on the Dollar, https://www.coindesk.com/business/2023/05/12/quadriga-cx-bankruptcy-claimants-to-get-13-on-the-dollar/
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