Bankruptcy is a legal status of a person or organization that cannot repay the debts it owes to creditors. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankruptcy is not the only legal status that an insolvent person or organization may have, and the term bankruptcy is therefore not a synonym for insolvency.
All stories in Bankruptcy
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QuadrigaCX saga continues as cryptocurrency exchange moves to bankruptcy
QuadrigaCX, the cryptocurrency exchange which owes its customers $134 million in cryptocurrency following the unexpected ...
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Cryptocurrency exchange QuadrigaCX should declare bankruptcy, EY says
Defunct cryptocurrency exchange QuadrigaCX’s should enter bankruptcy proceedings, according to a report by Ernst & Young ...
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A brief history of Mt. Gox, the $3B Bitcoin tragedy that just won't end
Mt. Gox's ex-CEO Mark Karpelès faces court in Japan this Friday, which means the long-running case of its "missing" Bitcoin ...
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Italian court forces BitGrail CEO to repay $170M in ‘lost’ cryptocurrency
An Italian judge has reportedly ordered Francesco Firano, CEO of shady cryptocurrency exchange BitGrail, to repay the $170M ...
