Subprime auto’s long, smooth ride through the pandemic, recession, and changes in administrations has come to a screeching halt with the chapter 7 bankruptcy of Tricolor on September 10, 2025. Whether the practices at Tricolor are an anomaly or an
Transactions conducted in fiat currency seldom give rise to questions regarding the currency’s origins; however, transactions involving digital assets warrant greater scrutiny. There may be legal ramifications for those who unwittingly possess digital assets like Bitcoin that have been connected
Digital assets have been subject to some of the largest thefts in history. In fact, the largest crypto theft — in connection with the February 2025 $1.5 billion Bybit hack — dwarfs the Guinness Book of World Records’ entry for
Joseph Cioffi, Davis+Gilbert’s Chief Operating Partner and Bankruptcy, Creditors’ Rights + Finance Practice Group Chair who has worked on large crypto bankruptcies and forfeiture proceedings, was quoted in Cryptopolitan commenting on the effect of the verbal agreement made by the founders
July 2024, Dough Finance — a crypto startup trading platform that made it easy to make risky bets using borrowed funds — suffered a major hack, resulting in the theft of substantial assets belonging to its users. Following the collapse of
Over the last decade, year over year, hackers have stolen billions of dollars in cryptocurrencies. Last month, another of the world’s largest cryptocurrency exchanges was hacked in what has been called the largest crypto heist in history. The exchange was
The infamous Bitfinex hack is back in the public eye. Forget the Netflix show, the real drama is the actual fight over who is entitled to restitution. Account holders may have given up years ago, but they now have a
To be a victim or creditor, that is the question. Whether ‘tis better to remain silent and suffer the outrageous fortune of a hacked exchange receiving $6 billion in restitution as the alleged sole victim of the hack, or take
What do you get when you add post-election uncertainty to pre-election “economic contradictions?” Many see trouble on the way, but after a period of mixed data and projections concerning interest rates, consumer spending and borrowing, and of course, election results,
In this Law360 article, Joseph Cioffi provides his thoughts on the fairness of distributing forfeited funds to preferred shareholders in the FTX bankruptcy, while creditors are arguably not being paid in full based on today’s crypto values.
