Posted on

Lost your crypto amid Chapter 11 bankruptcy filings? You’re probably not getting it back



Share

If you lost access to your money when the crypto firm holding your assets filed for bankruptcy, then you’re probably out of luck.
As Chapter 11 bankruptcy proceedings move forward for several big-name crypto companies, those who lost funds are surely hoping to get all — or at least some — of their money back. Lawyers and experts shared their thoughts with TechCrunch on what these cases could mean for creditors and what may happen to those who saw their money disappear overnight.
Earlier this month, Genesis Global Trading, a subsidiary of the crypto conglomerate Digital Currency Group (DCG), filed for Chapter 11 bankruptcy. Genesis is the latest crypto-focused entity to join the Chapter 11 bankruptcy club alongside FTX, BlockFi, Three Arrows Capital, Celsius Network and Voyager — all of which filed mid- to late 20 …

Read More