Cryptocoins News / Finance Magnates - 4 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 - 4 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...
Cryptocoins News / Finance Magnates - 4 months ago
The bankruptcy estate of FTX Trading Ltd, led by the CEO, John Ray III, and the lawyers of Sullivan & Cromwell, has submitted an amended reorganization plan for the distribution claims of the customers and creditors.FTX Moves to End Its Bankruptc...
Bitcoin News / Bitcoinist - 4 months ago
The FTX Debtors estate has filed an amended Chapter 11 to its reorganization plan today, leaving investors its creditors dumbfounded on the defunct exchange’s next steps. According to the proposed plan, under the leadership of CEO John Ray III...
Bitcoin News / Bitcoinist - 4 months ago
FTX has challenged the IRS on its $24 billion tax bill claims, arguing that the agency’s “unexplained” tax debt would heavily affect its customer fund recovery efforts, potentially diverting funds away from FTX victims.
FTX Lawyers Alarm Over IRS Im...
Cryptocoins News / The Cointelegraph - 5 months ago
Nearly $700 million of the $873 million trust assets allowed to be sold by FTX comes from Grayscale’s flagship product, the Grayscale Bitcoin Trust. Bankrupt crypto ex...
Bitcoin News / Bitcoinist - 5 months ago
Zipmex, a Thai crypto exchange currently facing financial distress, has proposed a restructuring plan that includes paying its creditors a fraction of their original claims. According to Bloomberg, the exchange is offering its creditors “about...
Cryptocoins News / The Cointelegraph - 5 months ago
The proposal came as a part of a restructuring offer from the embattled Thai crypto exchange, which owes its customers $97 million. Embattled Thai crypto exchange Zipm...
Cryptocoins News / The Cointelegraph - 5 months ago
CoinFLEX creditors claim former CEO Mark Lamb and the OPNX exchange “misappropriated” their assets in a court filing. Some creditors of cryptocurrency futures exchang...
Bitcoin News / Bitcoinist - 5 months ago
Nearly a decade after its notorious collapse, Mt. Gox, once the titan of Bitcoin exchanges, is on the brink of initiating a repayment plan for its creditors. In a recent email, the exchange’s rehabilitation trustee, Nobuaki Kobayashi, conveyed the pl...
Cryptocoins News / The Cointelegraph - 5 months ago
The Mt. Gox trustee announced the redemption of $47 million in trust assets amid social media reports suggesting repayment to creditors could start in 2023. Creditors...
Bitcoin News / Bitcoinist - 5 months ago
Singapore-based crypto lender Hodlnaut is on the verge of liquidation, according to court filings on November 10. The company, which also operates in Hong Kong, had previously halted withdrawals and sought protection from creditors. However, efforts...
Cryptocoins News / The Cointelegraph - 5 months ago
The decision ends the complex case with a creditor-approved plan that will see their partial reimbursement and make them shareholders in a new company. The Celsius ban...
Bitcoin News / Bitcoin.com - 6 months ago
A few weeks back, a coalition of creditors from FTX, known as the “FTX 2.0 Coalition,” shed light on how the defunct exchange’s vested interest in Anthropic could significantly enhance their compensation. Now, Anthropic has successf...
Bitcoin News / Google News Bitcoin - 6 months ago
Hobbled Crypto Exchange's Creditors Are Suing Its CEO and Want to Claw Back Money From 'Bitcoin Jesus'& & CoinDesk
Cryptocoins News / Finance Magnates - 6 months ago
FTX's creditors are facing phishing attacks amidst
the ongoing legal turmoil surrounding the collapse of the cryptocurrency
exchange. These fraudulent emails promise expedited withdrawals for assets
locked following the exchange's insolvency. Accordi...
Bitcoin News / Bitcoinist - 6 months ago
After thorough investigations, reports have revealed a significant amount of funds missing from FTX customer assets. Following this, FTX Trading Ltd and its associated list of debtors have come together to propose a settlement that would see the majo...
Bitcoin News / Bitcoin.com - 6 months ago
FTX creditors might see a silver lining following the recent partnership between Anthropic and Amazon, as the tech behemoth unveiled plans to pour up to $4 billion into the budding artificial intelligence (AI) startup. Over on the social media haven...
Bitcoin News / Bitcoinist - 7 months ago
Amid the Celsius bankruptcy plan in which creditors are to decide the next step, creditors of the crypto lender have voted in favor of a reimbursement plan – a vote that involves the sale of Celsius assets to a consortium.
Creditors Decide Next...