Cryptocoins News / Blockchain - 1 year ago
The Celsius Official Committee of Unsecured Creditors alleges "substantial claims and causes of action" against Alex Mashinsky and other executives for fiduciary breaches and fraudulent transactions. (Read More)
More / Bitcoin Reddit - 1 year ago
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Bitcoin News / Google News Bitcoin - 1 year ago
Mt. Gox’s 2 Largest Creditors Pick Payout Option That Won’t Force Bitcoin Sell-Off: Sources& & CoinDesk
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: The Official Committee of Unsecured Creditors for Celsius hopes to recover millions from Alex Mashinsky, former CEO of the bankrupt crypto lender.Creditors also filed a motion to recover funds from co-founders Shlomi Daniel Leon, Hanoch...
Cryptocoins News / The Cointelegraph - 1 year ago
The proposed lawsuit names Alex Mashinsky and a number of former executives and co-founders for alleged “recklessness, gross mismanagement, and self-interested conduct.”...
Cryptocoins News / Blockchain - 1 year ago
Celsius received objections from the unsecured creditors committee, Withhold account holders, the U.S. Trustee, and borrowers to extend the restructuring plan deadline. (Read More)
Cryptocoins News / The Cointelegraph - 1 year ago
“It is time to allow the Debtors’ customers to propose their own plan for the assets that they were defrauded into investing with Celsius,” said a Withhold account holders’ filing....
Cryptocoins News / The Cointelegraph - 1 year ago
Gemini Earn participants are among the many groups likely to be disappointed with the outcome of Genesis’ Chapter 11 bankruptcy filing. The holding company of troubled...
Cryptocoins News / Blockchain - 1 year ago
DCG is giving its ownership investment in a Genesis trading firm to the insolvent crypto lender's worldwide parent company. (Read More)
Bitcoin News / Google News Bitcoin - 1 year ago
First Mover Asia: Bitcoin Flirts With $23.4K as Jerome Powell Repeats Comment About Waning Inflation; Market Weighs DCG-Genesis Deal With Creditors& & CoinDesk
Bitcoin News / Google News Bitcoin - 1 year ago
Digital Currency Group And Genesis Reach Restructuring Agreement With Creditors& & Bitcoin Magazine
Bitcoin News / Bitcoin Magazine - 1 year ago
The plan would see the sale of Genesis alongside other measures in a deal reached with DCG and Gemini Trust Co.Genesis, a subsidiary of Digital Currency Group, has reached a restructuring agreement with key creditors according to statements by Cleary...
Cryptocoins News / The Cointelegraph - 1 year ago
Digital Currency Group (DCG) plans to hand its equity stake in Genesis’ trading arm to Genesis Global, which will then be sold, pending court approval. A Genesis credi...
Cryptocoins News / EthereumWorldNews - 1 year ago
The Digital Currency Group (DCG) and Genesis have reached an in-principle agreement with the conglomerate’s main creditors.& The deal involves the sale of bankrupt Genesis entities and winding down its loan book.& DCG’s controversial $1.1 bi...
Bitcoin News / Bitcoinist - 1 year ago
Per a report from CoinDesk, crypto lending firm Genesis and its parent company Digital Currency Group (DCG) are moving forward with the former’s bankruptcy process. The companies reached a “principle agreement” to restructure the lending firm. The...
Cryptocoins News / Blockchain - 1 year ago
In the Genesis Global bankruptcy case, unsecured creditors have a seven-member committee. (Read More)
Cryptocoins News / The Cointelegraph - 1 year ago
The seven-member committee will represent the creditors in court, having the right to participate in the reorganization plan. A seven-member committee has been appoin...
Cryptocoins News / The Cointelegraph - 1 year ago
FTX will be the subject of a U.S. Senate hearing, authorities take HashFlare founders into custody and New York finalizes its PoW ban. Top Stories This WeekFTX credito...
Cryptocoins News / Blockchain - 1 year ago
FTX lawyers submitted its creditor matrix to the U.S. Bankruptcy Court on Jan. 25. The 115-page document lists creditors alphabetically. Airlines, hotels, charities, banks, venture capitalists, and media are creditors. (Read More)
by COINS NEWS - 1 year ago
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More / Bitcoin Reddit - 1 year ago
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by COINS NEWS - 1 year ago
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Bitcoin News / Bitcoin.com - 1 year ago
The defunct crypto lender Celsius is exploring the possibility of creating a debt token to repay creditors. The plan would need to be approved by regulators, but if approved by the trustee and financial authorities, the debt token would be called an...
Cryptocoins News / CoinJournal - 1 year ago
Digital Surge lost about $33 million in the collapse of FTX. The exchange froze customer funds on November 16. The exchange had passed into voluntary administration in December. After about two months of anguish, crypto exchange Digital Surge credi...
Cryptocoins News / The Cointelegraph - 1 year ago
It was suggested that the token could be part of a reorganization that would turn Celsius into a publicly traded, U.S.-regulated company. Bankrupt crypto lending firm...
