Like many when Celsius first went bankrupt, Cale was not aware of any other options, other than to wait.
There is a lot going on and trying to keep up with it all is challenging. Here is your weekly run-down of what you need to know from the past week across the crypto bankruptcy industry.
When FTX filed for bankruptcy, the first thing Emiliano did was acquire as much information as he could about bankruptcy and what the process will be like.
Neil, a steadfast believer in cryptocurrency, recognized that BlockFi's bankruptcy filing signaled a period of turmoil in the industry. Overwhelmed by the multitude of events occurring simultaneously, he found it challenging to process everything at once.
In Chapter 11 bankruptcy, there are different types of creditors based on their legal status and priority of repayment.
If you're unlucky enough to be owed money by a bankrupt crypto platform, you're probably wondering how much you'll actually get back. Unfortunately, the amount you'll receive is usually less than what you're owed (also called the "face value"). This article explains the reasons why and how different factors impact your potential payback.
Like many account holders that are owed money across the crypto bankruptcies, Michelle did not know what it meant to have a bankruptcy claim against FTX or that value that was sitting behind it…until she found Xclaim.
