Bitcoin News / Bitcoinist - 9 months ago
3AC co-founders, Kyle Davies and Su Zhu, once at the helm of a now-bankrupt hedge fund, have embarked on a new journey in the realm of cryptocurrencies with their recent launch of the crypto exchange OPNX. Amid the shadows of their past, they are det...
Cryptocoins News / The Cointelegraph - 9 months ago
Three Arrows Capital co-founder Kyle Davies called it a “shadow recovery process” during a July 3 Twitter Spaces. The co-founders of collapsed crypto hedge fund Three...
by COINS NEWS - 10 months ago
This information comes from the court document filed today of the Joint Chapter 11 Plan of Reorganization of Celsius. An excerpt from the document gives a breakdown as follows: https://preview.redd.it/ax2pvddezj8b1.png?width=491&fo...
Bitcoin News / Bitcoinist - 10 months ago
Wintermute, a prominent crypto market maker, has found itself embroiled in a legal controversy as creditors of the bankrupt cryptocurrency lending platform, Celsius, have made serious allegations against both entities.
According to a recent court fi...
Cryptocoins News / The Cointelegraph - 10 months ago
It was alleged that Celsius executives purportedly involved Wintermute in facilitating “wash trading” to “fraudulently” manipulate trading volumes on the Celsius platform....
Cryptocoins News / The Cointelegraph - 10 months ago
The U.S. SEC was at the top of BlockFi creditor’s list with a $30-million settlement balance from February 2022. The United States Securities and Exchange Commission h...
Cryptocoins News / Blockchain - 11 months ago
The Official Committee of Unsecured Creditors of FTX, a now-bankrupt cryptocurrency exchange, has publicly responded to the U.S. Internal Revenue Service's (IRS) staggering $44 billion in claims against various debtors affiliated with FTX. (Read More...
Bitcoin News / Bitcoin.com - 11 months ago
In the midst of the financial dispute between crypto exchange Gemini and Digital Currency Group (DCG), Gemini has alleged that DCG failed to make a payment of around $630 million that was due last week. In response, Gemini has stated that it may exte...
by COINS NEWS - 11 months ago
New update from BlockFi https://preview.redd.it/guq4g18tqw0b1.png?width=512&format=png&auto=webp&s=836d4c4c79a341fb8a94ef69250101bd7f5c5f76 Last week, you received an email from BlockFi, with links to documents relating to BlockFi’s...
Cryptocoins News / The Cointelegraph - 11 months ago
BlockFi said selling its cryptocurrency lending platform might not generate value for creditors. Disgruntled creditors of the bankrupt cryptocurrency lending firm Bloc...
Bitcoin News / Bitcoin.com - 11 months ago
EY, the global accounting and professional services organization, released a long-awaited update on Friday for the creditors of Quadriga CX. The Canadian cryptocurrency exchange, which had sought bankruptcy protection in 2019 with liabilities of C$21...
Cryptocoins News / The Cointelegraph - 11 months ago
The creditors will receive a monetary equivalent of the value of their lost crypto assets as of April 15, 2019. Creditors of the bankrupt Canadian crypto exchange Qua...
Bitcoin News / Bitcoin.com - 11 months ago
Following Binance’s withdrawal from the Voyager Digital deal on April 25, the now-defunct crypto lender has recently informed creditors that they can expect to receive their initial cash and crypto distributions “within the next few weeks...
Cryptocoins News / The Cointelegraph - 11 months ago
The bankrupt crypto brokerage has entered the final stages of liquidation procedures after Binance abandoned its acquisition deal last week. Funds stuck on the platfor...
Cryptocoins News / EthereumWorldNews - 11 months ago
Voyager Digital may start distributing its remaining assets to creditors in the next few weeks.& The announcement was made by Voyager’s Official Committee of Unsecured Creditors.& The direct distribution plan for customers was unveiled last...
Cryptocoins News / The Cointelegraph - 11 months ago
New court filings are pushing to straighten out the issue in a bid to help recover lost funds for customers. Defunct crypto lender Celsius Network is looking to combi...
by COINS NEWS - 1 year ago
I was just browsing on the web, reading some articles and stuff when I stumbled upon the document of Coinbase exchange that was published last year saying and this is one of the best reasons that I stumbled upon why holding crypto on an exchang...
Cryptocoins News / Blockchain - 1 year ago
Celsius creditors are requesting subpoenas to uncover suspicious trades of CEL token on FTX between April and August 2022, seeking to determine if they were legitimate or constituted market manipulation. This information could be crucial in resolving...
Cryptocoins News / The Cointelegraph - 1 year ago
Celsius creditors say info from FTX is crucial in determining if some CEL trades were meant to inflate its price artificially. Celsius creditors claim that some FTX us...
Cryptocoins News / EthereumWorldNews - 1 year ago
Celsius’ creditors are seeking a judge’s help to get info on FTX users involved in a series of suspicious trades.& The Unsecured Creditors Committee believes that the trades manipulated the price of the CEL token.& The creditors want to subp...
Cryptocoins News / Blockchain - 1 year ago
Digital currency company Genesis Capital's settlement process has been disrupted by creditors, raising concerns about the timing of the process. Genesis' parent company, Digital Currency Group (DCG), has filed a motion for mediation, citing renewed d...
Cryptocoins News / The Cointelegraph - 1 year ago
Only 2.42% of claimants favor restructuring, and they are almost exclusively company directors. Withdrawals were frozen in August. Creditors of Singapore-based cryptoc...
Cryptocoins News / Blockchain - 1 year ago
Mt. Gox cryptocurrency exchange has provided an update on its repayment progress for creditors. The company's rehabilitation trustee, Nobuaki Kobayashi, announced that the deadline for creditors to provide their repayment information has passed, and...
Cryptocoins News / EthereumWorldNews - 1 year ago
Mt. Gox’s Trustee has concluded the process to register its creditors ahead of repayment.& The Trustee will make preparations and conduct the necessary verifications before commencing repayment.& The repayment process is expected to be compl...