Hi @maonodera,
Sorry to hear you're caught up in this!
This is a complicated scenario, and tax treatment depends on the final disposition of the bankruptcy. Once the bankruptcy is finalized, any assets that are completely lost or not recoverable will be deemed worthless.
From https://www.taxpayeradvocate.irs.gov/news/tas-tax-tip-when-can-you-deduct-digital-asset-investment-l...:
"Worthless or Abandoned
Unlike a sale of a digital asset investment that results in capital gain or loss, the loss from your digital asset investment becoming completely worthless is an ordinary loss. You should note that the asset must be completely worthless, not nearly worthless, for this loss to recognized. An ordinary loss from a worthless or abandoned investment is a miscellaneous itemized deduction in the year of worthlessness/abandonment but is not deductible on your tax return because the Tax Cuts and Jobs Act of 2017 disallows miscellaneous itemized deductions for tax years 2018-2025."
Unfortunately, if the assets are completely lost in this manner, you will be unable to deduct them due to the disallowed miscellaneous itemized deductions through 2025.
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