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Asset Management Firm Bitwise Files for Spot XRP ETF

[Oct 1 11:30 PM] Asset management firm Bitwise has filed for a spot XRP exchange-traded fund (ETF) with the Delaware Division of Corporations. While this does not confirm an immediate filing with the U.S. Securities and Exchange Commission (SEC), it aligns with…

Bitwise has filed an XRP ETF

[Oct 1 7:51 PM] The crypto-focused asset manager filed the exchange-traded fund application in the state of Delaware. 

Terraform Labs Gets Court Approval to Wind Down Operations in Bankruptcy

[Sep 19 9:10 PM] Terraform Labs has received court approval to wind down operations in bankruptcy following a settlement with the U.S. Securities and Exchange Commission (SEC). The company had been at the center of a scandal that left cryptocurrency investors…

Silvergate Capital files for Chapter 11 bankruptcy in Delaware

[Sep 18 5:45 PM] The parent company of Silvergate Bank has listed assets ranging from $100 million to $500 million and liabilities between $10 million and $50 million.

Three Arrows Capital Liquidators Now Sue Terraform Labs for $1.3B: Bloomberg

[Aug 13 7:06 AM] Defunct cryptocurrency hedge fund Three Arrows Capital's (3AC) liquidators have sued Terraform Labs for $1.3 billion, for losses the fund suffered following the 2022 crash, Bloomberg reported on Monday.

Terraform Labs to sell 4 companies as part of wind-down

[Jul 10 11:14 PM] The bankrupt Terraform Labs is looking to sell four of its companies as it winds down operations to comply with its multi-billion SEC deal.

Tesla investors sue Elon Musk for diverting resources, talent to xAI

[Jun 13 10:39 PM] Shareholders accused Tesla boss Elon Musk of “brazen disloyalty” with his xAI startup that created “billions in AI-related value at a company other than Tesla.”

BitGo’s $100M suit against Galaxy can proceed — Delaware Supreme Court

[May 24 4:00 PM] After being dismissed by the Delaware Court of Chancery in 2023, the state’s supreme court ruled the definition of the merger agreement between BitGo and Galaxy was “ambiguous.”

BitGo’s $100M Suit Against Galaxy Digital Can Proceed, Delaware Supreme Court Rules

[May 24 2:26 PM] Cryptocurrency custodian BitGo will get a fresh chance to sue financial services firm Galaxy Digital over the two companies’ failed $1.2 billion merger agreement after Delaware’s Supreme Court reversed an earlier ruling to dismiss BitGo’s…

Terraform Labs Allowed to Hire Law Firm Dentons in Bankruptcy Case by U.S. Court: Reuters

[Mar 13 4:31 AM] A U.S. court has allowed Terraform Labs to hire law firm Dentons to defend the company in a lawsuit brought against it by the U.S. Securities & Exchange Commission (SEC) in Jan. 2024.

FTX Files Reorganization Plan to End Bankruptcy

[Dec 18, 2023 3:36 AM] Asset values for creditor claims will be calculated at prices on the day FTX filed for bankruptcy in November 2022, the plan says.

Delaware authorities refer fake BlackRock XRP trust filing to state’s Justice Department

[Nov 14, 2023 2:39 PM] State authorities may investigate the fake BlackRock “iShares XRP Trust” registration following a referral from Delaware’s Division of Corporations.

XRP jumps then dumps on faked BlackRock XRP trust filing

[Nov 13, 2023 4:58 PM] XRP’s price surge was short-lived and has almost returned to its original price.

Ethereum price hits 6-month high amid BlackRock spot ETF buzz, but where’s the retail demand?

[Nov 9, 2023 5:40 PM] ETH price finally polevaulted the $2,000 resistance, but will retail demand and network use support the current bullish momentum?

FTX Wants to Sell $744M Worth of Grayscale, Bitwise Assets

[Nov 6, 2023 12:30 AM] Bankrupt crypto exchange FTX and its debtors have asked the U.S. Bankruptcy Court in Delaware to approve the sale of trust assets, funds of Grayscale and Bitwise amounting to an estimated $744m, through an investment adviser.

‘Hedging Bitcoin and Ether’ — FTX Seeks Court Approval for Strategic Partnership With Galaxy Digital

[Aug 24, 2023 1:30 PM] FTX Trading Ltd., accompanied by its linked debtors, has approached the U.S. Bankruptcy Court in Delaware with a proposal to collaborate with Michael Novogratz’s Galaxy Digital Capital Management LP, also known as Galaxy Asset Management. FTX…

From Crypto Custodian to Court: Prime Trust Files for Bankruptcy Protection

[Aug 15, 2023 8:00 AM] In the wake of financial upheavals and regulatory hurdles, Prime Trust, a digital currency custodian, has formally sought Chapter 11 bankruptcy protection. This move closely follows the appointment of John Guedry as the company’s overseer…

FTX Bankruptcy Lawyers Ask Court for $323M Recovery From FTX Europe Leadership

[Jul 12, 2023 11:57 PM] Crypto exchange FTX's lawyers have asked the bankruptcy court in Delaware to award recovery of more than $323.5 million from FTX's Europe leadership.

Metropolitan Museum of Art to return $550K in donations from FTX

[Jun 4, 2023 7:05 PM] The agreement came on the back of “good faith, arm’s length negotiations” with FTX’s debtors, the museum said.

Alameda to Be Repaid $53M Deltec Loan, Delaware Bankruptcy Court Rules

[Apr 12, 2023 9:55 AM] The 2021 payment to Deltec International was originally approved by FTX's Ryan Salame.

Alameda Research to sell interest in Sequoia Capital for $45M to Abu Dhabi

[Mar 9, 2023 5:48 AM] The investment branch of FTX, Alameda Research, reached an agreement to sell its interest in Sequoia Capital for $45 million in cash to the Abu Dhabi sovereign wealth fund.

Judge slams senators' letter against FTX lawyers as 'inappropriate'

[Jan 11, 2023 11:40 PM] Bankruptcy judge John Dorsey called the bipartisan letter “inappropriate," and that he won't take it into account in his decision for an independent examiner.

Breaking down FTX’s bankruptcy: How it differs from other Chapter 11 cases

[Nov 17, 2022 8:05 AM] The FTX bankruptcy has left creditors, investors and industry experts questioning what will happen next — Here is what we can expect.