Celsius Network, a crypto lending platform that let users deposit digital assets in exchange for yield, filed for Chapter 11 bankruptcy in the United States in July 2022 after freezing customer withdrawals during a market…
BlockFi, a crypto lending platform known for interest-bearing accounts and crypto-backed loans, filed for Chapter 11 bankruptcy in the United States in November 2022 as the sector’s credit stress spread. It is the fourth name…
FTX, once one of the world’s largest cryptocurrency exchanges, filed for Chapter 11 bankruptcy protection in the United States in November 2022 after a rapid collapse in customer confidence and a liquidity crisis. It became…
Voyager Digital filed for Chapter 11 in 2022 and Genesis Global filed for Chapter 11 in early 2023 — two crypto lending and brokerage failures from the same downturn that took down Celsius. Grouping them…
When a crypto company files Chapter 11, one legal entity enters a court-supervised process to reorganize or sell its business, and an automatic stay pauses collection against that entity and its property. That is the…
Chapter 11 is reorganization, Chapter 7 is liquidation, and Subchapter V is a streamlined small-business version of Chapter 11 — three different paths, with different aims and different signals. Knowing which one a crypto company…
When a crypto company files for bankruptcy, the single most important question is narrow: which legal entity actually filed? In a Chapter 11 case, only the entity that files — the “debtor” — and its…
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