Delio CEO Gets 15 Years Over $49M Crypto Losses
Delio halted withdrawals in June 2023 and was declared bankrupt in November 2024, putting accountability for high-return crypto deposit platforms at the center of the case.
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Delio halted withdrawals in June 2023 and was declared bankrupt in November 2024, putting accountability for high-return crypto deposit platforms at the center of the case.
The Nasdaq listing unlocked trading, not liquidity. Holders will wait through the bankruptcy estate's distribution schedule before any of those shares can be converted to cash.
The July cluster now includes Storj, BitMEX, Movement Labs, Poolin and BitMart, a reminder that the crypto shutdown wave is hitting infrastructure, not just tokens.
The collapse lands as Fidelity argues AI demand is reshaping miner economics, giving hash-power infrastructure a more valuable use than block rewards.
Once the largest mining pool on the Bitcoin network with 18-20% of global hashrate, Poolin now owes creditors roughly $173M while a single $52M offer for its West Texas sites is the main recovery on…
With $173M in prepetition obligations and a customer-withdrawal freeze from 2022 still unresolved, the stalking-horse bid opens a court-supervised auction that will set the recovery benchmark for…
Seventeen major shutdowns and bankruptcies in the first stretch of 2026 carry a combined $8.9B in disclosed prior funding, a consolidation that is clearing out failed NFT venues alongside insolvent…
The MOVE token hit an all-time low after Coinbase delisting, and the bankruptcy filing now shows the project holds under $1M in assets despite raising $38M just last year.
The claim is small relative to the $10M liability pile, but the optics matter: a co-founder terminated over a token-launch dump scandal now sits in the creditor queue alongside ordinary creditors.
The bankruptcy caps a year of governance collapse for the Move-based Ethereum layer-2: a market-making deal dumped 66M MOVE tokens, Binance banned the counterparty, co-founder Rushi Manche split, and…
The fourth distribution dumps $2.2B of liquidity into a market already under macro pressure, while creditors in 45 jurisdictions must act within six months or forfeit their share of the estate.
The estate's second 2025 distribution cycle begins July 31. The read: the bankruptcy machine is clearing its backlog faster than skeptics expected, and that's the angle general-creditor claimants…
Funds go to allowed Convenience and Non-Convenience Class claim holders who completed pre-distribution steps by the June 16 record date, with preferred equity holders due a second payment the same…
The latest bankruptcy distribution follows a $2.2B March payment, returning another large pool of capital to eligible claimants.
FTX's bankruptcy estate sold its 5% stake in AI coding startup Cursor for roughly $200,000 in 2023, part of the asset…
BlockFills carried $100M-$500M in liabilities against $50M-$100M in assets when it filed in March; Keyrock is buying the institutional client book and OTC stack for a fraction of that gap.
A 9,000-kiosk operator is winding down, $20M+ in legal judgments sit on the books, and roughly 4 in 5 global Bitcoin ATMs sit inside a US regulatory perimeter that is actively tightening.
The largest US Bitcoin ATM operator is winding down under Chapter 11 — a collapse that crystallises the regulatory squeeze on the cash-to-crypto kiosk sector.
Chapter 11 lands on the dominant US bitcoin-ATM brand, with thousands of kiosk locations and an institutional-loan stack now caught in the restructuring.
About 4,500 BTC are reportedly inaccessible after private keys vanished with the missing co-founder, withdrawals are halted, and losses could top $100M as Polish authorities open criminal probes.