Bankruptcy | ForkLog

Reports Emerge on Potential Bankruptcy of BitRiver

ForkLog 25 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.

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ForkLog 312 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.

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ForkLog 140 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.

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ForkLog 110 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 […]

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ForkLog 53 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 […]

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ForkLog 28 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 […]

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ForkLog 16 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.” […]

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ForkLog 28 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. […]

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ForkLog 25 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 […]

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ForkLog 25 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 […]

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ForkLog 23 13.03.2025

FTX and Alameda Wallets Unstake $23 Million in SOL

Wallets associated with the bankrupt FTX and Alameda have unstaked 185,000 SOL, valued at $22.89 million, according to the analytics service EmberCN. FTX/Alameda 每月十来号的固定 SOL 转出时间：6 小时前从质押赎回 18.5 万枚 $SOL ($22.89M)，然后分发转移给 38 个地址。多数收到 SOL 的地址后续会把 SOL 转进 Coinbase 和 Binance。 FTX/Alameda 质押地址从 2023 年 11 月以来，已经通过上面这种方式累计赎回并转出了 784.5 万枚 SOL ($10.0878… https://t.co/epaUndyaye pic.twitter.com/8hmIMJEb6F — 余烬 (@EmberCN) […]

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ForkLog 18 11.03.2025

Mt. Gox Transfers $931 Million in Bitcoin

On March 11, the bankrupt exchange Mt. Gox transferred 11,501 BTC (~$905 million) to an unknown address “1Pazv…R9pYj”, according to Arkham Intelligence data. An additional ~332 BTC (~$26.13 million) was sent to the platform’s cold wallet — “1Jbez”. Both amounts remain untouched. March 11, 2025 | 10:57Update: Mt. Gox transferred another 332.059 BTC ($26.67 million) […]

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