CoinLaw The Crypto Desk Crypto Bankruptcy & Recovery Tracker
Crypto Bankruptcy & Recovery Tracker
Crypto's collapsed estates and what creditors actually get back: petition dates, recovery percentages, and distribution status.
12 records updated through 7 Sep 2026 next review by 7 Oct 2026
At a glance
- Most recent court event
- FTX Trading Ltd. 31 Jul 2026
- Longest-running open case
- MtGox Co., Ltd. filed 24 Nov 2017
Latest change Voyager source repointed to the Tenth Status Report itself; FTX wording aligned to the announcement (31 Jul 2026) All changes
All records
12 estates, most recent event first. Filter or search below.
What is in scope Crypto insolvency estates whose proceedings are court-docketed and whose administrators publish creditor distributions.
12 estates tracked through their own dockets and estate-published notices. The outcomes span the whole range: 2 estates returned full value to creditors or customers, while 3 have published no distribution at all. The same legal process produces both, which is why no single recovery number describes crypto insolvency. 9 of 12 disclose a recovery figure; the rest publish none, and this table leaves those cells empty rather than estimating them.
| Estate | Status | Distribution (as stated) | Latest event | Source | Record detail |
|---|---|---|---|---|---|
| FTX Trading Ltd. | Distributing | 120% cumulative (Convenience); 105% (Classes 5A/5B); 103% (6A/6B) | 31 Jul 2026 | FTX Recovery Trust announcement (PR Newswire) ↗ | |
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| BlockFi Inc. | Distributing | Convenience Class: 50% on allowed claims up to $1,500 (commenced February 2024) | 2 Apr 2026 | Kroll Restructuring Administration ↗ | |
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| Terraform Labs Pte. Ltd. | Plan confirmed | not available | 31 Mar 2026 | Kroll Restructuring — Terraform Labs Wind Down Trust ↗ | |
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| Voyager Digital Holdings, Inc. | Distributing | Second distribution ~$587 million; 87% of checks deposited as of February 10, 2026 | 27 Feb 2026 | Plan Administrator's Tenth Status Report (Doc 1848) ↗ | |
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| Celsius Network LLC | Distributing | $344.4 million fourth distribution (incl. ~$257 million Tether settlement) | 22 Jan 2026 | Celsius Distributions (Stretto) ↗ | |
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| Cred Inc. | Distributing | 52.97% initial distribution to eligible general unsecured claimants (trust notice, Oct 2025) | 31 Oct 2025 | Stretto — Cred Inc. Liquidation Trust ↗ | |
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| MtGox Co., Ltd. | Distributing | not available | 27 Oct 2025 | MtGox Rehabilitation Trustee ↗ | |
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| Bittrex, Inc. | Plan confirmed | not available | 22 Oct 2025 | D. Del. opinion, Civ. No. 24-714-JLH (2025 WL 2977719) ↗ | |
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| Vauld (Defi Payments Pte. Ltd.) | Distributing | Up to 93% on US$325M unsecured claims; first distribution of 36% announced by Kroll, Sep 2023 | 30 Jun 2025 | Kroll — Vauld scheme of arrangement announcement ↗ | |
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| Genesis Global Holdco, LLC | Distributing | BTC 51% in kind (166% of petition-date value); ETH 66% (153%); USD 100% | 2 Aug 2024 | Cleary Gottlieb (debtors' counsel) ↗ | |
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| Three Arrows Capital Ltd. | Distributing | US$100M interim distribution sanctioned Mar 2024; liquidators estimated ~46% recovery on US$3B+ claims | 28 Mar 2024 | Ogier — interim distribution order (counsel to the joint liquidators) ↗ | |
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| Core Scientific, Inc. | Plan confirmed | Creditors paid in full; existing shareholders retained roughly 60% of the new equity | 24 Jan 2024 | Core Scientific — emergence press release ↗ | |
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No records match the current filters.
What the data shows
The charts below redraw the table above as the trends and comparisons a table cannot show.
Verification ledger
3 most recent of 3 logged updates- Voyager source repointed to the Tenth Status Report itself; FTX wording aligned to the announcement 31 Jul 2026
- Voyager second-distribution figures and BlockFi Convenience Class terms added from court filings 31 Jul 2026
- Tracker launched with 6 estates verified from court and estate sources 31 Jul 2026
How this tracker is maintained
Every estate is followed through its own docket, and every recovery figure is one the estate published.
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Sourced
Estates enter when their insolvency is court-docketed and their administrators publish creditor-facing figures. Recovery percentages are the estate’s own, in the estate’s own units; we do not compute a recovery from asset reports or press coverage.
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Dated
Each row carries the petition date and the date of the most recent docketed or estate-published development, so a quiet case is visibly quiet rather than silently stale.
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Re-checked
Dockets are re-read every 30 days. A figure that cannot be confirmed against the estate’s own publication keeps its last verified value and date.
- Why so few estates?
- Because the bar is a published creditor figure, not a filing. Many insolvencies are docketed without the administrator publishing anything a creditor could act on, and an estate that publishes nothing cannot honestly appear in a table about recoveries.
- Does a recovery percentage mean I would get that back?
- No. Estate-wide percentages are stated against petition-date claim values, vary by creditor class, and are paid in tranches over years. Your own class and claim determine your outcome, and only the estate can tell you those.
- Why do figures change?
- Recoveries are contested and revised throughout a case. A number here is what the estate said as of the stated date, which is the only thing that can be sourced.
This is informational content and does not constitute legal or financial advice. Estate figures are what administrators published as of the stated dates; recoveries are revised, contested, and paid in tranches, and a percentage here is not a prediction of what any individual creditor receives. Confirm with the docket or the estate’s own notices before relying on a figure.
Quoting a figure with a link to this page needs no permission. Cite it as you would any source. Reuse of the compiled dataset itself is licensed under CC BY 4.0: credit CoinLaw and link back. Download CSV · Follow updates (RSS)
Sources
- Celsius Distributions (Stretto)
- Cleary Gottlieb (debtors' counsel)
- Core Scientific — emergence press release
- D. Del. opinion, Civ. No. 24-714-JLH (2025 WL 2977719)
- FTX Recovery Trust announcement (PR Newswire)
- Kroll Restructuring Administration
- Kroll Restructuring — Terraform Labs Wind Down Trust
- Kroll — Vauld scheme of arrangement announcement
- MtGox Rehabilitation Trustee
- Ogier — interim distribution order (counsel to the joint liquidators)
- Plan Administrator's Tenth Status Report (Doc 1848)
- Stretto — Cred Inc. Liquidation Trust
