Cryptocoins News / CoinJournal - 7 months ago
At the time of writing, Shiba Memu presale had raised $3,242,388.49.
One Shiba Memu (SHMU) token is going for 0.029800 USDT although expected to sell at 0.030025 USDT in the next presale stage.
The Celsius bankruptcy case is nearing its end after cr...
Cryptocoins News / The Cointelegraph - 7 months ago
The majority of Celsius creditors have voted in favor of a plan that will see approximately $2 billion worth of Bitcoin and Ethereum returned to creditors. The credito...
Bitcoin News / Bitcoin.com - 7 months ago
According to a new update from the Mt Gox trustee, Nobuaki Kobayashi, the repayment deadline for creditors has been pushed to next year. Kobayashi said discussions with banks, fund transfer service providers and designated cryptocurrency exchanges ha...
Cryptocoins News / Finance Magnates - 7 months ago
For
creditors of the now-defunct Mt. Gox cryptocurrency exchange, Nobuaki
Kobayashi, the trustee overseeing the exchange's bankruptcy proceedings, has
announced a one-year extension to the deadline for repayment.Deadline Extended: Creditors to Wait U...
Cryptocoins News / The Cointelegraph - 7 months ago
Creditors of crypto lender Celsius Network have reported receiving a new flood of phishing emails, likely resulting from two data breaches in 2022. Creditors from bank...
Cryptocoins News / The Cointelegraph - 7 months ago
Lawyers representing Gemini Trust filed a response in bankruptcy court to Digital Currency Group’s plan claiming to offer unsecured creditors a “70–90% recovery." Lawy...
Bitcoin News / Bitcoinist - 8 months ago
The latest update for the financial complications faced by Genesis Global, a notable name in the crypto lending space, and its parent company, Digital Currency Group (DCG), shows that both entities seem to have navigated their way out of the murky wa...
Cryptocoins News / CoinJournal - 8 months ago
Digital Currency Group (DCG) moving toward resolving the financial challenges of its crypto lending subsidiary, Genesis.
The agreement could possibly lead to a fair recovery for creditors.
The agreement is still subject to several handles, but Genes...
Cryptocoins News / The Cointelegraph - 8 months ago
The estimated U.S. dollar equivalent recoveries could amount to 70%–90% for Genesis creditors, should the amended plan be carried out. Digital Currency Group (DCG), a...
Cryptocoins News / Finance Magnates - 8 months ago
The bankrupt cryptocurrency exchange, FTX has turned to
Galaxy, owned by Mike Novogratz, for guidance and expertise on how to optimize the value of its
substantial crypto holdings. FTX is planning to delve into crypto staking,
hedging, and the sale o...
Bitcoin News / Bitcoinist - 8 months ago
Amid the Celsius bankruptcy, permission has been granted to the company by a US bankruptcy judge to consider creditor approval for its bankruptcy plan. Creditors are to vote on Celsius’s plans to sell assets to the Fahrenheit consortium after a judge...
Cryptocoins News / The Cointelegraph - 8 months ago
A body representing FTX customers said it is “extremely disappointed” by the company’s reorganization plan. FTX has outlined its intended reorganization plan, which w...
Cryptocoins News / The Cointelegraph - 9 months ago
FTX’s official creditor committee said the current plan would add costs and delays to what’s already on track to be a historically expensive bankruptcy. A body represe...
Bitcoin News / Bitcoinist - 9 months ago
In a recent development, the bankrupt FTX crypto exchange has announced a draft creditor-repayment plan as part of its ongoing bankruptcy restructuring procedure. The freshly revamped exchange intends on clearing out its digital token FTT while settl...
Bitcoin News / Bitcoinist - 9 months ago
Crypto lender, Voyager Digital, recently gave its investors the green light to begin withdrawing funds, a decision that came almost a year after the lender had suspended withdrawals and filed for Chapter 11 bankruptcy.
The announcement took place las...
Cryptocoins News / CoinJournal - 9 months ago
In the third and final bill lawyers representing Voyager Digital creditors have billed $5.1 million.
When all the invoices are fully paid, Voyager Digital creditors will have paid a total of $16.48 million to the lawyers.
The legal charges will top...
Cryptocoins News / The Cointelegraph - 9 months ago
Voyager is not the only crypto firm incurring hefty legal fees; FTX, for example, has been billed over $120 million in fees. New York-based law firm McDermott Will &am...