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Crypto meltdown a boon for U.S. bankruptcy lawyers

The value of bitcoin has dropped 65 per cent so far this year, and large law firms can rake in more than $100 million in legal fees during a long-running bankruptcy, experts say.

Publishing date:

Dec 03, 2022  •  5 days ago  •  3 minute read

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Representations of virtual cryptocurrencies are placed on U.S. dollar banknotes in this illustration taken Nov. 28.
Representations of virtual cryptocurrencies are placed on U.S. dollar banknotes in this illustration taken Nov. 28. Photo by DADO RUVIC /REUTERS

Turmoil in the cryptocurrency industry has rattled major exchanges and sent the value of digital assets tumbling, but at least one group stands to gain: bankruptcy lawyers.

High-profile bankruptcies involving crypto exchange FTX, hedge fund Three Arrows Capital and crypto lenders BlockFi, Celsius Network and Voyager Digital Ltd are generating new opportunities – and big fees – for law firms that counsel troubled companies.

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December 9, 2022 by ATTORNEY

Carjackings on the rise; make sure your auto insurance has you covered

“Basic, standard auto policies might not have theft coverage — you have to specify it.”

Insurance Agent examine Damaged Car and customer filing signature on Report Claim Form process after accident, Traffic Accident and insurance concept
Photo by Getty Images

“Latest Vaughan carjacking caught on doorbell camera.”

“Arrests made in alleged violent Oakville carjacking.”

“Pair faces 100 charges after 10 Toronto-area carjackings.”

“Gunpoint carjacking in Burlington neighbourhood.”

When Maple Leaf Mitch Marner had his SUV stolen at gunpoint one evening in May outside a local movie theatre, it put a very public face on a crime that seemed to have exploded overnight. It’s not just here. Like the GTA, places like New York City are also reporting a dramatic increase in the often-violent thefts. By the time Marner was relieved of his Range Rover, Toronto police said they’d already reached 2021’s yearly total, not even six months into 2022.

Could it happen to you? If you drive a vehicle that shows up on

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June 26, 2022 by INSURANCE
March 2023
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