Cryptocoins News / Blockchain - 1 week ago
The recent sale of 2/3 of $2.6 billion worth of Solana tokens by law firm Sullivan and Cromwell at a significant discount has sparked controversy. FTX Creditor Champion, Sunil, expressed concerns about the impact on FTX creditors, while others questi...
Bitcoin News / Bitcoin.com - 3 weeks ago
John J. Ray III, the chief executive officer of FTX Trading Ltd., has issued a strong rebuttal against former CEO Sam Bankman-Fried’s assertions regarding the company’s financial state and the impact on its creditors. FTX Chief Restructuring Officer...
Bitcoin News / Bitcoinist - 1 month ago
A United States Judge has granted the request of FTX, the bankrupt cryptocurrency exchange, to sell off its substantial stake in an Artificial Intelligence (AI) startup company, Anthropic, enabling the exchange to accumulate more funds to repay its c...
Bitcoin News / Bitcoinist - 1 month ago
In a challenging year for creditors of bankrupt investment firms Three Arrows Capital (3AC) and FTX’s trading arm Alameda Research, a recent surge in Worldcoin (WLD) has provided some solace. The coin, which is associated with the crypto project co-...
Bitcoin News / Bitcoin.com - 2 months ago
In a legal document filed on Feb. 6, 2024, the crypto juggernaut, Digital Currency Group (DCG), voiced opposition to Genesis’ revised bankruptcy strategy for multiple concerns. DCG argues that the plan favors certain creditors over others unjus...
Bitcoin News / Google News Bitcoin - 2 months ago
How Bitcoin will fare when Genesis dumps $1.4bn in GBTC to pay creditors& & DLNews
Bitcoin News / Bitcoinist - 2 months ago
A group of creditors of the bankrupt crypto exchange FTX filed an adversary lawsuit in response to the proposed payout plans, seeking to establish that deposits are their property rather than FTX’s. The proposed plan of the defunct exchange wo...
Bitcoin News / Bitcoin.com - 2 months ago
The prospects of Australian creditors of the crypto exchange FTX getting all their money back recently received a boost after a judge ruled that only those who initiated Australian dollar withdrawal requests are entitled to a share of the $26 million...
by COINS NEWS - 2 months ago
submitted by /u/lamensterms [link] [comments]
Bitcoin News / Bitcoin.com - 2 months ago
Celsius has concluded its Chapter 11 bankruptcy process and is embarking on a new journey with the launch of Ionic Digital, Inc., a bitcoin mining company managed by Hut 8 Corp. This development follows a complex legal and financial restructuring, wh...
by COINS NEWS - 2 months ago
submitted by /u/SpaceBrigadeVHS [link] [comments]
Bitcoin News / Bitcoinist - 2 months ago
After a protracted 18-month journey through the intricacies of bankruptcy proceedings, Celsius Network, a beleaguered crypto lender, has successfully concluded the distribution of assets exceeding $3 billion to its creditors. The labyrinthine process...
Cryptocoins News / Finance Magnates - 2 months ago
The collapsed crypto exchange FTX expects to repay its creditors fully, its bankruptcy lawyers revealed in court yesterday (Wednesday). However, the customers’ assets will be evaluated based on the fiat value of held crypto assets when the markets we...
Cryptocoins News / Finance Magnates - 2 months ago
Celsius Network, a crypto lender that went bankrupt in July 2022, will distribute over $3 billion of cryptocurrency and fiat to its creditors as the company emerges from bankruptcy. The plan also includes creating a Bitcoin mining company, Ionic Digi...
Cryptocoins News / Finance Magnates - 2 months ago
The trustee of the now-collapsed crypto exchange Mt. Gox appears to have decided to rehabilitate the victims with Bitcoin or Bitcoin Cash. In an email sent to some victims, the trustee asked for confirmation of their identity and account details with...
Bitcoin News / Google News Bitcoin - 2 months ago
Mt. Gox confirms creditors' Bitcoin addresses for repayment: Report& & Cointelegraph
by COINS NEWS - 3 months ago
submitted by /u/wuodatienowrites [link] [comments]
More / Bitcoin Reddit - 3 months ago
submitted by /u/No-Comparison-9307 [link] [comments]
Cryptocoins News / Finance Magnates - 3 months ago
The creditors of the collapsed crypto exchange Mt. Gox woke up to a surprise as some had received the settlement proceeds twice. Now, the trustee is sending emails to such creditors asking for a refund for the excess amount.Mt. Gox Creditors Receive...
More / Bitcoin Reddit - 3 months ago
submitted by /u/No-Comparison-9307 [link] [comments]
Cryptocoins News / Blockchain - 3 months ago
Mt. Gox, a former Bitcoin exchange, paid creditors twice during its settlement process, causing mixed reactions among creditors and underscoring the complexities of the decade-long aftermath. (Read More)
More / Bitcoin Reddit - 3 months ago
submitted by /u/BabyishHammer [link] [comments]
Bitcoin News / Bitcoinist - 3 months ago
Nine years after the infamous Mt. Gox collapse, creditors are finally receiving their first partial repayments in Japanese Yen. While the process is still in its early stages, the news signals a positive step forward for those who lost their Bitcoin...
Cryptocoins News / Finance Magnates - 3 months ago
After a wait of ten long years, the creditors of the now-defunct crypto exchange Mt. Gox are receiving compensation. Several Mt. Gox creditors have taken to social media to confirm receiving payments for their blocked Bitcoin deposits in fiats.Commen...
Cryptocoins News / CoinJournal - 3 months ago
Mt. Gox creditors confirm Japanese Yen refunds via PayPal after a decade-long wait. Mt. Gox’s 2014 collapse, losing 950,000 Bitcoins, triggered years of legal battles. The extended repayment timeline could influence 2024 market dynamics. Afte...
