2024-10-8 23:50 |
A U.S. court approved FTX’s bankruptcy plan on Monday, which will see the majority of the crypto exchange’s customers get the equivalent of their 2022 losses, and then some.
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In a recent development, popular cryptocurrency lender BlockFi has announced that a US court has conditionally approved its bankruptcy plan and ordered that everyone entitled to vote should vote to accept the plan.
2023-8-3 22:00 | |
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Bankrupt crypto lender BlockFi announced that it had received conditional approval for its disclosure statement from the United States Bankruptcy Court of New Jersey, according to an Aug. 2 press statement jointly issued with its Official Committee of Unsecured Creditors.
2023-8-3 15:45 | |
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Kraken co-founder Jesse Powell doubts FTX 2.0's potential to bounce back from bankruptcy
2023-8-2 18:52 | |
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Bankrupt crypto exchange FTX has submitted a proposal that may result in the relaunch of its international arm FTX. com. On August 1, the company’s bankruptcy administrators confirmed rumors of a relaunch by filing a draft plan of reorganization in which it proposes the kick-off of a “rebooted” offshore exchange exclusive to non-US users only.
2023-8-1 15:08 | |
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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 settling customer claims in cash.
2023-8-1 15:00 | |
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FTX disputes BlockFi's recharacterization and argues the claims must undergo nuanced due process instead. The post FTX Opposes Downgrading of Claims in BlockFi Bankruptcy Plan appeared first on BeInCrypto.
2023-7-6 16:35 | |
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Bankrupt miner Core Scientific has filed a potential Chapter 11 reorganization plan, as seen in a document submitted to bankruptcy court on June 21. The reorganization plan awaits approval. The introduction of the latest filing describes the plan as a “joint chapter 11 plan of reorganization.
2023-6-22 12:00 | |
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Bitcoin miner Core Scientific has filed its Chapter 11 bankruptcy plan six months after it filed for Chapter 11 bankruptcy in December 2022. The firm filed for the Chapter 11 plan in the Southern District of Texas Houston Division Bankruptcy Court.
2023-6-22 17:14 | |
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Core Scientific stated that its liquidity got a boost since filing for chapter 11 bankruptcy. It cited rising Bitcoin prices, increased network hash rate, and lower energy costs as reasons for The post Bitcoin miner Core Scientific files for bankruptcy plan appeared first on AMBCrypto.
2023-6-21 16:30 | |
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As Bitcoin mining firm, Core Scientific faces a significant challenge with the ongoing bankruptcy proceedings, it has taken a determined step towards ensuring its sustainability. The company recently submitted a Chapter 11 plan, a move that showcases its intentions to revamp its operations while satisfying the claims of its creditors. The Chapter 11 plan was […]
2023-6-21 13:45 | |
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The bankruptcy plan explained that holders of allowed debtor-in-possession claims would receive full and final satisfaction of their claims.
2023-6-21 11:56 | |
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Celsius’ plan needs to be approved by the New York bankruptcy court. Fahrenheit won the bid to acquire Celsius' assets after a lengthy auction process. Defunct crypto lender Celsius has suThe post Celsius submits revised bankruptcy plan after Fahrenheit deal appeared first on AMBCrypto.
2023-6-15 15:30 | |
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Voyager Digital will open partial withdrawals as early as June 20, according to Voyager Digital’s bankruptcy plan administrator, Paul Hage. Hage’s timeline showed the Voyager app would be updated on June 15 so users can view amounts due in this initial distribution of funds.
2023-6-15 11:28 | |
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The new filing is set to face legal opposition from borrowers.
2023-6-15 11:24 | |
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The U. S. arm of Bittrex will reopen withdrawals on June 15 after securing court approval for its plan to repay customers ahead of credited fines. A Delaware bankruptcy court ruled in favor of the company’s plan and rejected the Department of Justice’s (DOJ) motion to block it on June 14, according to court filings.
2023-6-15 22:13 | |
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Genesis Capital filed an updated reorganization plan on June 13, days after the bankruptcy court extended mediation talks with relevant stakeholders to August 2. It is an updated version of the initial wind-up plan submitted by the collapsed crypto lender in January as part of its bankruptcy proceedings.
2023-6-14 22:14 | |
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If successful, it wouldn’t be the first time the state has scuppered a crypto bankruptcy proposal.
2023-6-8 11:21 | |
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A judge in Genesis’ bankruptcy case has extended the date by which the company must file a recovery plan, according to a June 5 filing. Genesis receives a plan extension Genesis is currently in bankruptcy proceedings.
2023-6-6 01:41 | |
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The insolvent lender will now have until August 2 to submit a plan to emerge from bankruptcy.
2023-6-6 00:42 | |
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FTX and its associated debtors declared numerous objections to Genesis’s bankruptcy proceedings and recovery plans in a June 2 court filing. FTX’s claim estimated at zero On May 9, Genesis began to seek a 100-day extension for its Chapter 11 recovery plan.
2023-6-3 17:16 | |
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A U.S. bankruptcy court recently ordered cryptocurrency lender BlockFi to withdraw its prematurely disclosed Chapter 11 reorganization plan and accompanying statement until all materials are formally authorized.
2023-5-23 20:45 | |
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Bankrupt crypto lender Genesis has filed a motion to extend the exclusivity period for its reorganization plan by 100 days. Why Genesis sought an extension In a May 19 court filing to the United States Bankruptcy Court for the Southern District of New York, the bankrupt lender, said it needed the extension “to achieve a […] The post Genesis seeks 100-day extension for recovery plan as DCG misses $630M payment appeared first on CryptoSlate.
2023-5-22 14:45 | |
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Voyager Digital received the approval from the bankruptcy court to start liquidation procedures. The crypto lender's bankruptcy estate aims to make initial asset distributions no later than 1 JThe post U.
2023-5-18 15:00 | |
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Voyager’s Official Committee of Unsecured Creditors said on May 17 that a pending repayment plan will take effect in the next few weeks. Users could access funds in coming weeks The committee said that bankruptcy courts have approved Voyager’s liquidation procedures and said that the plan will take effect as early as May 19.
2023-5-18 04:05 | |
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The third try is a charm for the crypto brokerage, whose assets were almost bought by FTX and Binance.US. Now it’s just handing what it has over to its creditors.
2023-5-18 00:19 | |
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A recent FTX clawback demand has placed additional pressure on Genesis bankruptcy lawyers as other companies await a compensation plan . The post Genesis Lawyers to Answer $3.9 Billion FTX Clawback Amid DCG Default appeared first on BeInCrypto.
2023-5-8 15:30 | |
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Under the initial settlement plan, Genesis creditors were expected to receive 80% recovery of funds lost due to the bankruptcy.
2023-4-25 16:57 | |
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BlockFi was granted a 48-day extension by a New Jersey bankruptcy judge to submit an exit plan, exploring a potential sale of company assets and restructuring.
2023-4-21 16:17 | |
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BlockFi has been granted more time to smoothen its exit plans from its current Chapter 11 bankruptcy. The embattled crypto lender wants an outside investor to fuel its restructuring plan. The firm is also exploring a potential sale of its…
2023-4-20 13:25 | |
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A federal bankruptcy judge in the United States on March 7 approved Voyager’s long-awaited restructuring plan with Binance.US. Following the news, Voyager’s token VGX soared by almost 38% in the last 24 hours, according to data from CoinMarketCap. However, the…
2023-3-8 11:55 | |
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Binance should be allowed to buy assets of bankrupt crypto lender Voyager Digital in a deal worth over $1 billion, Michael Wiles, a bankruptcy judge in the Southern District of New York, ruled today
2023-3-8 01:06 | |
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Voyager Digital tweeted on Tuesday that 98% of its credit claimants approved the lender's Chapter 11 bankruptcy plan. The post 97% of Voyager Digital Creditors Approve Bankruptcy Plan After Market Regulator Objections appeared first on BeInCrypto.
2023-3-2 13:30 | |
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Crypto lender Voyager Digital Holdings, which filed for bankruptcy last year, said Tuesday night that 97% of its customers, representing 98% of total claims, voted in favor of a chapter 11 restructuring plan which will see Binance US acquire some of its assets.
2023-3-1 04:31 | |
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Crypto lender Voyager Digital Holdings, which filed for bankruptcy last year, said Tuesday night that 97% of its customers, representing 98% of total claims, voted in favor of a chapter 11 restructuring plan which will see Binance US acquire some of its assets.
2023-3-1 04:31 | |
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The hosting firm, one of North America’s largest, settled $250 million in secured debt and settled with about 11 companies.
2023-2-17 23:52 | |
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The crypto lender must sell the vouchers before they expire, to raise funds for the bankruptcy estate
2023-2-17 16:43 | |
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Parent company Digital Currency Group would turn its equity in Genesis Global Trading over to a holding company as part of an effort to sell both firms.
2023-2-11 01:22 | |
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Two sources familiar with the issues at Genesis allege that the company’s global creditors have agreed to negotiate a prepackaged bankruptcy plan.
2023-1-19 00:22 | |
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Judge John Dorsey has allowed the sale of four necessary units of failed crypto exchange FTX, as stated in a petition in the Delaware Bankruptcy Court. LedgerX, a derivatives trading platform, and Embed, a stock trading platform with regional branches, are among the assets.
2023-1-14 19:17 | |
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Alameda Research — alongside affiliates Maclaurin Investments and Alameda Ventures — submitted an objection to the debtors’ Motion for Entry of an Order. The post Alameda objects to debtors’ Plan in bankruptcy case appeared first on CryptoSlate.
2023-1-6 11:45 | |
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Genesis, a US-based crypto lending platform, informed its customers that withdrawals might be halted for weeks while it develops a plan to avoid potential bankruptcy.
2022-12-8 12:34 | |
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Celsius halted withdrawals on the platform on Jun. 13 and filed for bankruptcy a month later on Jul. 13.
2022-12-7 13:58 | |
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The United States Trustee has opposed Celsius’s request to pay up to $2. 9 million as retention bonuses to employees involved in the bankruptcy process. The post US Trustee opposes Celsius’ $2.
2022-10-28 13:40 | |
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A judge still needs to approve a bankruptcy payout plan and the company could still scrap the deal in favor of a higher bid.
2022-10-21 12:22 | |
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A judge still needs to approve a bankruptcy payout plan and the company could still scrap the deal in favor of a higher bid.
2022-10-20 12:22 | |
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In a Twitter space held by Digital Asset News last week, Celsius CEO Alex Mashinsky broke his long silence about the crypto lender’s bankruptcy mess. Simon Dixon Accuses Mashinsky of Lying Mashinsky got into a heated argument in the Twitter…
2022-9-28 08:00 | |
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FTX has made a joint offer with West Realm Shires Inc and Alameda Ventures Ltd, to provide early liquidity to customers of Voyager Digital which filed for bankruptcy in New York earlier this month.
2022-7-25 15:00 | |
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Crypto lending platform Celsius Network had filed for bankruptcy on July 13. A month prior to that the crypto lender had ceased withdrawals along with transfers from accounts. Celsius representatives appeared in court which is in relation to the company’s bankruptcy hearing.
2022-7-20 07:00 | |
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After the first court hearing in its Chapter 11 bankruptcy proceedings, Celsius has provided details for how customers can make a claim, and also says it wants to present a plan to the court "that will provide customers with an option to remain long crypto."
2022-7-20 15:00 | |
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Caroline Ellison, flanked by her attorneys, was sentenced to two years in prison and three years of supervised release for her role in propping up FTX and Alameda Research last week.
International accounting firm Prager Metis has agreed to pay $745,000 to settle misconduct allegations from the U.S. Securities and Exchange Commission (SEC) tied to its bungled audit of FTX before its collapse in November 2022.
The FTX founder is six months into a 25-year prison sentence.
A federal judge on Thursday told former FTX executive Ryan Salame that he could be hit with sanctions after Salame lied to the judge about prosecutors not making promises to him as part of his plea deal last year, CNBC reported.
Thoma Bravo's exit from crypto underscores the lasting impact of high-profile failures on investor confidence and market stability. The post Thoma Bravo founder says firm permanently exits crypto post-FTX fiasco appeared first on Crypto Briefing.
FRA is set to monitor Binance for compliance with a DOJ plea deal, following Binance's admission of regulatory violations. The post DOJ rejects Sullivan & Cromwell, picks FRA for Binance’s monitorship appeared first on Crypto Briefing.