2024-8-22 14:59 |
FTX chief restructuring officer and CEO John Ray III said the plan promises 100% return plus interest for non-governmental creditors.
Similar to Notcoin - Blum - Airdrops In 2024
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Bankrupt crypto exchange FTX announced on Aug. 21 that its reorganization plan has garnered strong preliminary support from creditors. According to FTX, over 95% of creditors have endorsed the plan, representing 99% of the claims by value.
2024-8-22 12:38 | |
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Celsius is exploring all options to pay back its creditors PayPal's Hyperwallet is expected to streamline the complicated repayment project Celsius Network, currently navigating bankruptcy, The post Celsius Network shares new Hyperwallet-linked repayment plan appeared first on AMBCrypto.
2024-8-21 02:30 | |
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Defunct cryptocurrency exchange Mt. Gox has started payments to rehabilitation creditors as part of its rehabilitation plan. More than 10 years after its collapse, Mt Gox creditors are finally getting paid back.
2024-7-6 12:42 | |
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A US bankruptcy court has granted FTX approval to solicit votes on a liquidation plan that pays customer claims in cash, Reuters reported on June 25. The cash payment plan would pay customers based on crypto prices at the time of FTX’s November 2022 collapse, overriding objections from customers who seek higher amounts because crypto […] The post FTX granted court approval to solicit votes on liquidation plan; some creditors continue to object appeared first on CryptoSlate.
2024-6-26 04:00 | |
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A U.S. judge approved FTX’s plan to poll creditors on its Chapter 11 repayment. FTX users will soon have the opportunity to vote on the proposed multibillion-dollar plan to pay back individuals whose funds were trapped on FTX since its…
2024-6-25 21:27 | |
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Mt. Gox's rehabilitation trustee has announced plans to begin Bitcoin and Bitcoin Cash repayments to creditors in July. The post Mt. Gox to begin $9 billion repayment plan in July appeared first on Crypto Briefing.
2024-6-25 14:34 | |
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A group of FTX creditors led by Sunil Kavuri has objected to the reorganization plan filed by the defunct exchange’s bankruptcy managers. According to a June 5 court filing, the creditors argued that the plan failed the best interest test.
2024-6-7 22:24 | |
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2024-5-29 17:10 | |
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Court approves Genesis Global's plan to distribute $3 billion to creditors, rejecting Digital Currency Group's objections. The post Genesis wins court nod to return $3 billion to creditors appeared first on Crypto Briefing.
2024-5-19 05:10 | |
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FTX has announced a plan to repay creditors up to $16.3 billion Analysts believe repayments could balance market dynamics, leading to a bullish 2nd half in 2024 FTX, the crypto-exchange thatThe post FTX's massive payout plan can impact Bitcoin's price THIS way appeared first on AMBCrypto.
2024-5-17 04:00 | |
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In a surprising turn of events, bankrupt cryptocurrency exchange FTX recently announced a new repayment plan to reimburse creditors and customers in full. The plan also includes a substantial compensation offer to account for the time value of their investments.
2024-5-9 05:00 | |
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FTX's new compensation plan faces opposition as creditors demand repayments based on current asset values, not bankruptcy figures. The post FTX creditors seek repayments at current market rates appeared first on Crypto Briefing.
2024-5-9 02:58 | |
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In a significant development, defunct cryptocurrency exchange FTX has unveiled a reorganization plan to reimburse almost all of its customers. The announcement has sparked a substantial surge in the exchange’s native token, FTT, which recorded an uptrend of 52% over the past seven days, reaching a monthly high of $2.
2024-5-8 22:00 | |
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Bankrupt cryptocurrency exchange, FTX has unveiled a new repayment plan aimed at reimbursing creditors and customers in full and offering billions in the form of compensation for the time value of their investment.
2024-5-8 16:00 | |
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The bankrupt FTX estate has unveiled a new reorganization plan that promises substantial returns to its creditors. FTX creditors with claims below $50,000 would be eligible for a 118% recovery within 60 days of its approval by the Delaware bankruptcy court.
2024-5-8 11:39 | |
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FTX files an updated plan for creditor reimbursement. Customers could see full recovery under the new plan. The post Over $16 Billion on the Line: FTX’s Plan to Repay Creditors appeared first on BeInCrypto.
2024-5-8 06:57 | |
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Bankrupt cryptocurrency exchange FTX has proposed a new reorganization plan that would see a whopping 98% of its creditors get back 118% of their claims – in cash – within 60 days of court approval, according to new documents filed Tuesday evening.
2024-5-8 05:49 | |
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FTX’s latest proposal could repay creditors as much as $16.3 billion, but some argue the plan still falls short of being fair.
2024-5-8 02:31 | |
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FTX's reorganization plan promises 98% of creditors over 100% cash repayment, with a total distribution value up to $16.3 billion. The post FTX to pay out at least 118% of recognized claims to 98% of its creditors appeared first on Crypto Briefing.
2024-5-8 02:15 | |
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Kirkland & Ellis — Celsius' legal counsel — shared an update on the creditor fund distributions outlined in the restructuring plan.
2024-2-18 21:46 | |
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Crypto lender Celsius wants to unstake its Ether holdings to meet the costs of its restructuring plan. The embattled crypto firm says the funds raised will be used to pay its creditors. Celsius’s move comes after the Southern District of New York Bankruptcy Court approved its restructuring plan in November. The plan included the creation […]
2024-1-5 15:05 | |
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Embattled crypto exchange FTX is grappling with soaring legal expenses, burning through $53,000 per hour on bankruptcy-related fees. As a result, FTX has filed an amended plan to resolve its bankruptcy and repay creditors, but concerns arise regarding the valuation of customer claims and escalating legal costs.
2023-12-18 11:35 | |
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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 3.
2023-11-30 03:00 | |
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Troubled cryptocurrency exchange Zipmex has proposed its creditors nearly 30 cents per dollar of claims as part of its restructuring plan. Embattled crypto exchange Zipmex has offered its creditors 29.
2023-11-30 14:20 | |
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The Singapore-based firm has proposed to pay creditors 3.35 cents on the dollar in its latest restructuring plan, according to Bloomberg, which cites people familiar with the matter.
2023-11-30 13:02 | |
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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 plan to begin cash repayments within the 2023 calendar year. This momentous step marks a pivotal […]
2023-11-23 03:00 | |
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The trustee of bankrupt Mt. Gox will begin repaying the firm’s creditors in cash shortly, according to an email reportedly sent to some claimants this week and obtained by CryptoSlate. The email reads, “The Rehabilitation Trustee plans to commence repayment to creditors shortly.
2023-11-22 14:30 | |
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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.
2023-11-10 23:14 | |
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Crypto lender Genesis Global Capital filed an amended Chapter 11 bankruptcy plan on Wednesday, Oct. 25, to resolve outstanding claims and interests of creditors. The amended plan results from extensive negotiations between Genesis, the Official Committee of Unsecured Creditors, crypto exchange Gemini, and the Ad Hoc Group of Genesis Lenders.
2023-10-25 10:48 | |
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Celsius Network, a bankrupt digital asset lender, has revealed plans to begin repaying creditors using billions of dollars in crypto assets before the year’s end. The company presented a restructuring plan, outlined in a recent filing to a US bankruptcy court, which aims to generate funds for a new corporate spinoff known as “NewCo” and facilitate customer repayments.
2023-10-5 05:00 | |
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The approval is seen as a milestone moment for BlockFi's 100,000-plus creditors, who have been long awaiting repayment.
2023-9-27 01:18 | |
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Creditors would receive approximately $2 billion in crypto assets from the insolvent crypto lender. Celsius plans to sell assets to crypto consortium Fahrenheit Holdings. Creditors of the baThe post Celsius creditors vote in favor of reorganization plan appeared first on AMBCrypto.
2023-9-26 13:30 | |
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Bankrupt crypto lender Celsius' creditors have voted to approve a plan that would return 67%-85% of holdings back to them.
2023-9-26 09:26 | |
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Mt. Gox, once leading Bitcoin exchange, has disclosed substantial delay in its pledged repayment plan to creditors
2023-9-22 09:44 | |
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Gemini is opposing Digital Currency Group's (DCG) bankruptcy plan, alleging that DCG is trying to 'bait' its lenders into accepting a deal that would allow DCG to pay less than it owes. The post Gemini Accuses DCG of Baiting Creditors Into Unfavorable Deal appeared first on BeInCrypto.
2023-9-18 04:50 | |
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A curated weekly summary of forward-focused crypto news that matters. This week, the market readies itself for the next Fed interest rate decision, DCG offers a recovery plan for out-of-pocket Genesis creditors, and a large chunk of short-term BTC holders are holding at a loss.
2023-9-18 15:01 | |
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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."
2023-9-16 00:25 | |
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DCG, parent company of insolvent Genesis, is proposing a creditor repayment plan, including that of Gemini Earn investors
2023-9-14 01:05 | |
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The estimated U.S. dollar equivalent recoveries could amount to 70%–90% for Genesis creditors, should the amended plan be carried out.
2023-8-29 11:22 | |
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Genesis Global and affiliates have reached a deal in principle on a bankruptcy reorganization plan supported by creditors, according to a court filing Tuesday. The cryptocurrency lender aims to emerge from Chapter 11 protection after entering mediation in May to resolve disputes over a reorganization plan.
2023-8-29 10:28 | |
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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 approved disclosures on Thursday, and creditors are expected to recoup up to 85% of […]
2023-8-19 23:00 | |
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Creditors will have a month to mull the sale to Fahrenheit, which court filings say could see them recover 67%-85% of holdings.
2023-8-18 10:13 | |
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BlockFi announces the start of its Chapter 11 solicitation period, allowing creditors to vote on the bankruptcy plan. Blockfi has announced via Twitter that the solicitation period for creditors under Chapter 11 has begun. During this time, the creditors can…
2023-8-16 16:09 | |
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The committee of unsecured creditors criticized the bankrupt estate's reorganization plan submitted to court in July.
2023-8-10 15:08 | |
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A body representing FTX customers said it is “extremely disappointed” by the company’s reorganization plan.
2023-8-8 23:30 | |
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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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The fallen cryptocurrency exchange FTX and its Unsecured Creditors Committee (UCC) announced its plan to reorganize and launch a new project called FTX 2.0. On May 23, the exchange revealed its initial plan to relaunch the project with its new…
2023-8-1 15:40 | |
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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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Bankrupt FTX has submitted a proposal to restart its international exchange if it can get the offshore customers to agree, according to a July 31 court filing. FTX restart plan According to the filing, FTX classified its creditors into different categories, including one that called its international users the “dotcom customers.
2023-8-1 13:10 | |
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