Bankruptcy | ForkLog

ForkLog 146 28.02.2026

Former Mt.Gox CEO Calls for Bitcoin Hard Fork to Recover 79,956 BTC

Mark Karpeles, the former CEO of Mt.Gox, has proposed a hard fork to unlock approximately 79,956 BTC stolen from the exchange in 2011.

AI translated

ForkLog 164 09.02.2026

Bitcoin miner Cango sells 4,451 BTC and announces AI expansion

Mining firm Cango sold 4,451 BTC on the open market, roughly 60% of its 7,476-BTC reserves.

AI translated

Reports Emerge on Potential Bankruptcy of BitRiver

ForkLog 142 02.02.2026

Russian Mining Giant BitRiver Facing Potential Bankruptcy, Outlets Say

The Arbitration Court of the Sverdlovsk Region has initiated a supervision procedure (the first stage of bankruptcy) against LLC "Fox Group of Companies" — the owner of 98% of BitRiver.

AI translated

ForkLog 342 18.11.2025

Mt.Gox Transfers $953 Million in Bitcoin

A wallet linked to the bankrupt Mt.Gox exchange transferred 10,608 BTC, worth over $953 million, to a new address. This is the first major transaction in the past eight months.

AI translated

ForkLog 166 24.07.2025

FTX Releases Additional $1.9 Billion for Affected Creditors

The bankrupt cryptocurrency exchange FTX has announced a third round of creditor payments, scheduled for September 30, according to a press release.

AI translated

ForkLog 123 04.07.2025

FTX Proposes New Payment Plan for ‘Problematic’ Countries

Representatives of the bankrupt exchange FTX have filed a court motion proposing a new payment procedure for users in ‘problematic’ jurisdictions. This was reported by Sunil Kavuri, a representative of the platform’s largest creditor group. FTX: Restricted countries Disputed claims 49 Jurisdictions -5% allowed claims in restricted countries 82% of value in China Due to […]

AI translated

ForkLog 58 31.05.2025

Coinbase Predicts Market Impact of $5 Billion Payout to FTX Creditors

A surge of new liquidity from the $5 billion payout to FTX creditors could positively influence the cryptocurrency market’s dynamics, according to analysts at Coinbase. On May 30, administrators of the bankrupt crypto exchange began distributing $5 billion in fiat and stablecoins. The funds are expected to reach users via BitGo and Kraken within three […]

AI translated

ForkLog 30 05.04.2025

FTX Rejects Nearly 400,000 Compensation Claims

The liquidators of the bankrupt exchange FTX disqualified at least 392,000 compensation claims as of April 2. The invalidation of claims is due to violations of KYC requirements and affects users who did not initiate the identity verification process by March 3. The firm did not specify the total value of the compensation for the […]

AI translated

ForkLog 20 30.03.2025

FTX to Commence Compensation Payments Exceeding $50,000

The liquidators of the bankrupt exchange FTX will begin processing compensation claims of $50,000 and above starting May 30. This was reported by Bloomberg, citing the firm’s lawyers. According to FTX attorney Andrew Dietderich, the funds for these payments will be drawn from the $11.4 billion accumulated since the bankruptcy. The distribution “will take time.” […]

AI translated

ForkLog 35 28.03.2025

Terraform Labs to Accept Compensation Claims

On March 31, Terraform Labs (TFL), the company behind the collapsed Terra ecosystem, will launch a portal to accept compensation claims from affected users. Terraform Labs Creditors: The Crypto Loss Claims Portal is scheduled to open for submission of Crypto Loss Claims on March 31, 2025. Creditors may file Eligible Crypto Loss Claims at https://t.co/7YQvfQr76x. […]

AI translated

ForkLog 36 25.03.2025

Mt.Gox Transfers $1 Billion in Bitcoin

The bankrupt exchange Mt.Gox has transferred 11,501 BTC (approximately $1.01 billion) to an unknown address and a company hot wallet, according to Arkham Intelligence. On March 25, 10,608 BTC (around $927.5 million) were sent to “1DcoA…AWXFe”. An additional 893 BTC were transferred to the exchange’s hot storage. Both amounts remain untouched. At the time of […]

AI translated

ForkLog 26 14.03.2025

3AC Liquidators Raise Claims Against FTX to $1.53 Billion

The liquidators of the bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC) have been permitted to increase their claim against the bankrupt crypto exchange FTX from $120 million to $1.53 billion, according to court documents. Chief Judge John Dorsey dismissed objections from the trading platform’s debtors, who argued that the amendment to 3AC’s Proof of […]

AI translated

#Bankruptcy