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Bankruptcy
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Teva agrees to be stalking-horse bidder for BioXcel's assets for up to $125 million, including $57.5 million upfront, with FDA and auction risks remaining
Teva Pharmaceutical Industries Limited (NYSE:TEVA) has agreed to serve as the initial bidder for substantially all of BioXcel Therapeutics, Inc. (NASDAQ:BTAI)'s assets in a court-supervised Section 36
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China's Supreme People's Court issues first systematic judicial guidance for property developer bankruptcies, aiming to smooth disposals and reassure creditors
The framework, issued on Monday, calls for timely reorganisations of viable developers and prompt liquidations of those lacking sustainable value, in an effort to end inconsistencies that have slowed
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Ferrexpo, a Ukrainian iron ore miner, raised about $100 million in funding to stave off insolvency
The company stated the long-awaited funding program was essential for its continued survival.
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Singapore Ruling on Bankrupt Indonesian Firm May Open Recovery Path for Others
A Singapore court’s landmark decision allowing administrators of bankrupt Indonesian textile maker PT Sri Rejeki Isman to pursue assets in the city-state may open a new route to recoveries for investo
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The Rise, Fall, and Current Status of Bittrex Exchange: Once a Prominent Platform, Now Fully Ceased Operations and Liquidated
Bittrex, once a prominent cryptocurrency exchange, was founded in the United States in 2014, known for its wide selection of cryptocurrencies and robust security. However, due to an increasingly stringent regulatory environment and a series of compliance challenges in the US, Bittrex ceased its US operations and filed for bankruptcy protection in April 2023. Subsequently, its international platform, Bittrex Global, announced the termination of all operations in November 2023 and disabled trading functions in December of the same year. It is currently in the liquidation phase, urging users to withdraw their assets as soon as possible.
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A US bankruptcy court delayed Alphabet (Google)'s $10 million purchase of bankrupt Spirit Airlines' data to September 9, 2026, after a union objected
The flight attendants' union, Association of Flight Attendants-CWA, formally objected to the sale, citing privacy risks. The union argues that the data, which includes worker emails, chat messages, sp
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LIV Golf faces existential liquidity crisis, hires restructuring advisers and drafts Chapter 11 bankruptcy plans
The professional golf league, launched in 2022 with the backing of Saudi Arabia’s Public Investment Fund (PIF), is now considered a “distressed asset” as its initial “bottomless liquidity” has evapora
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Creditors Seek Over $2 Billion from Bankrupt Enviva, Alleging Former C-suite Caused Ruin Chasing Bonuses
Creditors Seek Over $2 Billion from Bankrupt Enviva, Alleging Former C-suite Caused Ruin Chasing Bonuses
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EchoStar faces over $1.5 billion in claims from Hughes creditors, due to alleged asset transfers before the subsidiary's bankruptcy.
U.S. Bankruptcy Court Judge Alfredo Perez is scheduled to hear a request today to appoint an examiner to investigate allegations that EchoStar transferred over $1.5 billion in assets from its subsidia
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EGR Wealth Limited enters administration, Kroll Advisory appointed joint administrators
EGR Wealth Limited enters administration, Kroll Advisory appointed joint administrators
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US Trustee Urges Investigation into EchoStar's $1.5 Billion Deals with Bankrupt Subsidiary
The US Trustee stated that EchoStar Corp. allegedly engaged in $1.5 billion of "unusual transactions" with its bankrupt subsidiary, Hughes Satellite Systems Corp., and urged the court to appoint an ex
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First Brands forced into liquidation by bankruptcy court
A federal judge in Texas stated that the litigation trust plan proposed by First Brands and its senior lenders "was unconfirmable under any circumstances," leading to the company's forced liquidation.
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What is FTT coin? The current status and future outlook of FTT tokens after FTX's bankruptcy
FTT was once the native utility token of FTX, a globally renowned cryptocurrency exchange, used for platform fee discounts and staking rewards. However, FTX declared bankruptcy in November 2022 due to a funding gap and liquidity crisis, causing FTT to lose its original functionality. Currently, FTT is primarily traded as a speculative "legacy asset" linked to FTX's bankruptcy liquidation, with its price fluctuations influenced by news regarding creditor repayments and legal proceedings. The token no longer has a clear operating platform or roadmap, and its investment risk is extremely high.
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What is FTT coin? The Current State and Trading Channels of FTX Exchange's Native Token
FTT is the native utility token of the bankrupt FTX cryptocurrency exchange. Since FTX filed for bankruptcy protection in November 2022, FTT's value and functionality have been severely impacted, its future is full of uncertainty, and it has been identified as a security by the U.S. SEC. Despite facing high risks, FTT is currently still tradable on some centralized and decentralized platforms, but investors need to be fully aware of the legal and market risks it faces.
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Casas Bahia Files for Bankruptcy Due to High Rates and Tight Credit
Brazilian retailer Grupo Casas Bahia SA filed for bankruptcy protection in Sao Paulo after an out-of-court debt restructuring with its main creditors proved insufficient to resolve its financial troub
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Dutch Prosecutors Sell Crypto Seized From Bankrupt Crypto Platform Knaken, Raising $2.5M for Creditors
The Dutch Public Prosecution Service has sold cryptocurrency seized from the Knaken platform, raising $2.5 million (€2.2 million) to repay creditors of the defunct platform, according to court-appoint
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South Korean court reportedly sentences Delio CEO Jeong Sang-ho to 15 years in prison for defrauding customers of approximately $49.2 million in crypto assets
The Seoul Southern District Court found Jeong guilty on most charges, including embezzlement and using false documents to register as a virtual asset service provider. However, he was acquitted of a p
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A Look Back at FTT's All-Time High and Price Trend Analysis: From Its Peak to the FTX Bankruptcy
As the native token of the now-bankrupt FTX exchange, FTT reached an all-time high of approximately $85 in September 2021. However, following the collapse of the FTX exchange and its bankruptcy filing in November 2022, the price of FTT plummeted, rapidly falling from approximately $24 to below $2. As of July 2026, the price of FTT has fluctuated between $0.19 and $0.21, representing a decline of more than 99% from its all-time high. Its value remains closely tied to the FTX bankruptcy proceedings and claims by creditors.
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SafeMoon (SFM) Project Review and Current Status Analysis: From Its Heyday to Bankruptcy and Restructuring
SafeMoon (SFM) was launched in 2021 as a community-driven DeFi token and attracted attention for its unique deflationary mechanism. However, the project suffered a security breach in 2023, and its founders and executives were subsequently charged by the U.S. SEC and Department of Justice with securities fraud, wire fraud, and money laundering, leading the company to file for bankruptcy in December 2023. Although the VGX Foundation acquired the project in April 2025 and migrated it to the Solana blockchain, the SFM token currently has extremely low trading volume, the market remains largely pessimistic, and the FBI is still seeking victims of the fraud.
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Two Celsius Co-Founders to Pay Over $6 Million in Settlement to the FTC
Svmuu News: Celsius co-founders Shlomi Daniel Leon and Hanoch “Nuke” Goldstein have been ordered to pay the U.S. Federal Trade Commission (FTC) more than $6 million to settle allegations that they mis
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U.S. Senator: The CLARITY Act Will Ensure That Customers’ Crypto Assets Remain Their Property in the Event of an Exchange Bankruptcy
Svmuu News: U.S. Senator Cynthia Lummis stated that the CLARITY Act will change how clients’ crypto assets are handled when digital asset platforms enter bankruptcy proceedings; client assets should r
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FTX will begin its fifth round of creditor distributions on July 31, totaling approximately $900 million.
Svmuu News: The FTX Recovery Trust and FTX announced that they will launch the next round of distributions on July 31, allocating approximately $900 million to senior and unsecured claimants under the
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Dutch Prosecutors File for Bankruptcy of Cryptocurrency Platform Knaken
Svmuu News: The Dutch Public Prosecutor’s Office has requested that a Rotterdam court declare the crypto platform Knaken Cryptohandel and its affiliated entity, Stichting Knaken Payments, bankrupt, ci
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As SpaceX's stock price soars, FTX's return on its investment in SpaceX could reach tens of billions of dollars
Svmuu News: With SpaceX’s market capitalization exceeding $2.5 trillion following its IPO last week, creditors of the bankrupt cryptocurrency exchange FTX may stand to benefit. Before FTX’s collapse i
-
Teva agrees to be stalking-horse bidder for BioXcel's assets for up to $125 million, including $57.5 million upfront, with FDA and auction risks remaining
Teva Pharmaceutical Industries Limited (NYSE:TEVA) has agreed to serve as the initial bidder for substantially all of BioXcel Therapeutics, Inc. (NASDAQ:BTAI)'s assets in a court-supervised Section 36
-
China's Supreme People's Court issues first systematic judicial guidance for property developer bankruptcies, aiming to smooth disposals and reassure creditors
The framework, issued on Monday, calls for timely reorganisations of viable developers and prompt liquidations of those lacking sustainable value, in an effort to end inconsistencies that have slowed
-
Ferrexpo, a Ukrainian iron ore miner, raised about $100 million in funding to stave off insolvency
The company stated the long-awaited funding program was essential for its continued survival.
-
Singapore Ruling on Bankrupt Indonesian Firm May Open Recovery Path for Others
A Singapore court’s landmark decision allowing administrators of bankrupt Indonesian textile maker PT Sri Rejeki Isman to pursue assets in the city-state may open a new route to recoveries for investo
-
A US bankruptcy court delayed Alphabet (Google)'s $10 million purchase of bankrupt Spirit Airlines' data to September 9, 2026, after a union objected
The flight attendants' union, Association of Flight Attendants-CWA, formally objected to the sale, citing privacy risks. The union argues that the data, which includes worker emails, chat messages, sp
-
LIV Golf faces existential liquidity crisis, hires restructuring advisers and drafts Chapter 11 bankruptcy plans
The professional golf league, launched in 2022 with the backing of Saudi Arabia’s Public Investment Fund (PIF), is now considered a “distressed asset” as its initial “bottomless liquidity” has evapora
-
Creditors Seek Over $2 Billion from Bankrupt Enviva, Alleging Former C-suite Caused Ruin Chasing Bonuses
Creditors Seek Over $2 Billion from Bankrupt Enviva, Alleging Former C-suite Caused Ruin Chasing Bonuses
-
EchoStar faces over $1.5 billion in claims from Hughes creditors, due to alleged asset transfers before the subsidiary's bankruptcy.
U.S. Bankruptcy Court Judge Alfredo Perez is scheduled to hear a request today to appoint an examiner to investigate allegations that EchoStar transferred over $1.5 billion in assets from its subsidia
-
EGR Wealth Limited enters administration, Kroll Advisory appointed joint administrators
EGR Wealth Limited enters administration, Kroll Advisory appointed joint administrators
-
US Trustee Urges Investigation into EchoStar's $1.5 Billion Deals with Bankrupt Subsidiary
The US Trustee stated that EchoStar Corp. allegedly engaged in $1.5 billion of "unusual transactions" with its bankrupt subsidiary, Hughes Satellite Systems Corp., and urged the court to appoint an ex
-
First Brands forced into liquidation by bankruptcy court
A federal judge in Texas stated that the litigation trust plan proposed by First Brands and its senior lenders "was unconfirmable under any circumstances," leading to the company's forced liquidation.
-
Casas Bahia Files for Bankruptcy Due to High Rates and Tight Credit
Brazilian retailer Grupo Casas Bahia SA filed for bankruptcy protection in Sao Paulo after an out-of-court debt restructuring with its main creditors proved insufficient to resolve its financial troub
-
Dutch Prosecutors Sell Crypto Seized From Bankrupt Crypto Platform Knaken, Raising $2.5M for Creditors
The Dutch Public Prosecution Service has sold cryptocurrency seized from the Knaken platform, raising $2.5 million (€2.2 million) to repay creditors of the defunct platform, according to court-appoint
-
South Korean court reportedly sentences Delio CEO Jeong Sang-ho to 15 years in prison for defrauding customers of approximately $49.2 million in crypto assets
The Seoul Southern District Court found Jeong guilty on most charges, including embezzlement and using false documents to register as a virtual asset service provider. However, he was acquitted of a p
-
Two Celsius Co-Founders to Pay Over $6 Million in Settlement to the FTC
Svmuu News: Celsius co-founders Shlomi Daniel Leon and Hanoch “Nuke” Goldstein have been ordered to pay the U.S. Federal Trade Commission (FTC) more than $6 million to settle allegations that they mis
-
U.S. Senator: The CLARITY Act Will Ensure That Customers’ Crypto Assets Remain Their Property in the Event of an Exchange Bankruptcy
Svmuu News: U.S. Senator Cynthia Lummis stated that the CLARITY Act will change how clients’ crypto assets are handled when digital asset platforms enter bankruptcy proceedings; client assets should r
-
FTX will begin its fifth round of creditor distributions on July 31, totaling approximately $900 million.
Svmuu News: The FTX Recovery Trust and FTX announced that they will launch the next round of distributions on July 31, allocating approximately $900 million to senior and unsecured claimants under the
-
Dutch Prosecutors File for Bankruptcy of Cryptocurrency Platform Knaken
Svmuu News: The Dutch Public Prosecutor’s Office has requested that a Rotterdam court declare the crypto platform Knaken Cryptohandel and its affiliated entity, Stichting Knaken Payments, bankrupt, ci
-
As SpaceX's stock price soars, FTX's return on its investment in SpaceX could reach tens of billions of dollars
Svmuu News: With SpaceX’s market capitalization exceeding $2.5 trillion following its IPO last week, creditors of the bankrupt cryptocurrency exchange FTX may stand to benefit. Before FTX’s collapse i
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Keyrock plans to acquire bankrupt digital asset trading and lending firm BlockFills for $3.25 million
Svmuu News: Digital asset firm Keyrock plans to acquire bankrupt crypto trading and lending company BlockFills for $3.25 million, a deal that still requires court approval. BlockFills filed for Chapte
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The Rise, Fall, and Current Status of Bittrex Exchange: Once a Prominent Platform, Now Fully Ceased Operations and Liquidated
Bittrex, once a prominent cryptocurrency exchange, was founded in the United States in 2014, known for its wide selection of cryptocurrencies and robust security. However, due to an increasingly stringent regulatory environment and a series of compliance challenges in the US, Bittrex ceased its US operations and filed for bankruptcy protection in April 2023. Subsequently, its international platform, Bittrex Global, announced the termination of all operations in November 2023 and disabled trading functions in December of the same year. It is currently in the liquidation phase, urging users to withdraw their assets as soon as possible.
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What is FTT coin? The current status and future outlook of FTT tokens after FTX's bankruptcy
FTT was once the native utility token of FTX, a globally renowned cryptocurrency exchange, used for platform fee discounts and staking rewards. However, FTX declared bankruptcy in November 2022 due to a funding gap and liquidity crisis, causing FTT to lose its original functionality. Currently, FTT is primarily traded as a speculative "legacy asset" linked to FTX's bankruptcy liquidation, with its price fluctuations influenced by news regarding creditor repayments and legal proceedings. The token no longer has a clear operating platform or roadmap, and its investment risk is extremely high.
-
What is FTT coin? The Current State and Trading Channels of FTX Exchange's Native Token
FTT is the native utility token of the bankrupt FTX cryptocurrency exchange. Since FTX filed for bankruptcy protection in November 2022, FTT's value and functionality have been severely impacted, its future is full of uncertainty, and it has been identified as a security by the U.S. SEC. Despite facing high risks, FTT is currently still tradable on some centralized and decentralized platforms, but investors need to be fully aware of the legal and market risks it faces.
-
A Look Back at FTT's All-Time High and Price Trend Analysis: From Its Peak to the FTX Bankruptcy
As the native token of the now-bankrupt FTX exchange, FTT reached an all-time high of approximately $85 in September 2021. However, following the collapse of the FTX exchange and its bankruptcy filing in November 2022, the price of FTT plummeted, rapidly falling from approximately $24 to below $2. As of July 2026, the price of FTT has fluctuated between $0.19 and $0.21, representing a decline of more than 99% from its all-time high. Its value remains closely tied to the FTX bankruptcy proceedings and claims by creditors.
-
SafeMoon (SFM) Project Review and Current Status Analysis: From Its Heyday to Bankruptcy and Restructuring
SafeMoon (SFM) was launched in 2021 as a community-driven DeFi token and attracted attention for its unique deflationary mechanism. However, the project suffered a security breach in 2023, and its founders and executives were subsequently charged by the U.S. SEC and Department of Justice with securities fraud, wire fraud, and money laundering, leading the company to file for bankruptcy in December 2023. Although the VGX Foundation acquired the project in April 2025 and migrated it to the Solana blockchain, the SFM token currently has extremely low trading volume, the market remains largely pessimistic, and the FBI is still seeking victims of the fraud.
Bankruptcy
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