2025-4-8 14:14 |
Over 90% of WazirX creditors have voted in favor of proposed restructuring plan, clearing a key hurdle ahead of court review in Singapore. Creditors had nearly 10 days to cast their votes on Zettai’s restructuring plan — and by the… origin »
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The Singapore High Court has approved Zettai Pte Ltd’s request to convene a meeting with creditors of the crypto exchange WazirX, allowing the company to present its restructuring proposal. The decision is a critical step in Zettai’s efforts to address debts and recover from the $230 million hack of WazirX linked to North Korea’s Lazarus […] The post Singapore court backs WazirX plan for post-hack revival appeared first on CryptoSlate.
2025-1-24 01:00 | |
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FTX creditors might get 10%-25% of their crypto back, pending court approval of a restructuring plan in October. Payment forms and market effects remain key concerns. The post FTX Creditors Could Receive 10% to 25% of Their Crypto Back appeared first on BeInCrypto.
2024-9-28 15:40 | |
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FTX chief restructuring officer and CEO John Ray III said the plan promises 100% return plus interest for non-governmental creditors.
2024-8-22 14:59 | |
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Genesis Global and affiliated entities have begun disbursing $4 billion in creditor payouts following the completion of their restructuring process. According to an Aug. 2 statement, crypto lender Genesis Global started repayments to over 100,000 creditors after declaring bankruptcy in…
2024-8-4 22:11 | |
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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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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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CoinFLEX creditors claim former CEO Mark Lamb and the OPNX exchange “misappropriated” their assets in a court filing.
2023-11-24 16:00 | |
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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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Celsius intends to partially reimburse its creditors using assets including Bitcoin, Ethereum, and stock. If approved, Celsius would be among the first failed crypto platforms to be resurrectedThe post Celsius Network aims to repay customers by year-end in restructuring move appeared first on AMBCrypto.
2023-10-3 16:30 | |
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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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Latest bill brings total compensation bills to $16.4 million for bankruptcy and restructuring firm.
2023-7-4 08:52 | |
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Core Scientific should “trim” its restructuring timeline by “at least [one] month,” the federal judge overseeing the crypto miner's bankruptcy said during a Monday hearing as creditors called for the insolvent crypto miner to fast-track its plans to emerge from Chapter 11 bankruptcy.
2023-5-23 01:55 | |
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BlockFi creditors asked the court to hand over the assets to new management as they don't have confidence in the leadership of the current team. The post BlockFi Creditors Oppose Restructuring Plans and Ask Court to Step In appeared first on BeInCrypto.
2023-5-16 17:30 | |
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Genesis will enter mediation with its creditors in order to maintain its proposed restructuring plan, Bloomberg said on April 28. According to Genesis’ lawyer, Sean O’Neal, Genesis will engage in a 30-day mediation process with its committee of unsecured creditors.
2023-4-29 00:25 | |
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Digital Currency Group (DCG), the owners of bankrupt Genesis, have busted heads with its creditors, according to a statement by DCG. The post Genesis Capital Lenders Walk Away From Restructuring Deal appeared first on BeInCrypto.
2023-4-26 22:46 | |
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Several of the largest creditors of troubled Singaporean crypto exchange Holdnaut have indicated that the want the company to be placed in liquidation as opposed to a restructuring, according to an announcement.
2023-4-26 17:53 | |
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Seychelles courts have approved a plan that would give 65% of the company to creditors and 15% to employees as CoinFLEX is said to transition into the Open Exchange.
2023-3-8 23:33 | |
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Vauld now has until March 24 to present its restructuring plan. Its existing legal protection from its creditors expires on Feb. 28.
2023-2-28 18:21 | |
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Texas claims that Binance.US’s terms of service and restructuring plan contain inadequate disclosures and discriminates against Texas creditors.
2023-2-27 22:11 | |
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A judge approved hosting firm Compute North's restructuring plan three creditors approved their settlement amounts. The post Bankrupt Miner Compute North Destined for Obscurity as Judge Approves Restructuring Plan appeared first on BeInCrypto.
2023-2-18 19:15 | |
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“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.
2023-2-10 22:30 | |
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The United States government and creditors have objected to Celsius’ plan to extend its restructuring plan to June 30, according to February 8 court filings. The post Celsius creditors, US gov oppose bankrupt’s lender extension request due to high cash burn rate appeared first on CryptoSlate.
2023-2-9 15:30 | |
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Plans to transform the bankrupt crypto lender into a “recovery corporation” are not a done deal, and the estate could still be liquidated, legal filings warn.
2023-2-10 12:45 | |
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The plan would see the sale of Genesis alongside other measures in a deal reached with DCG and Gemini Trust Co.
2023-2-8 05:05 | |
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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.
2023-2-7 02:30 | |
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Coinspeaker Potential Buyers Inquire about Hodlnaut amid Insolvency Crisis Potential buyers are interested in embattled crypto lender Hodlnaut following creditors’ preference for liquidation instead of restructuring.
2023-2-6 14:12 | |
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Lawyers for Celsius Network said Tuesday that the bankrupt crypto lender is planning to reinvent itself as a new, publicly traded “recovery corporation” in order to exit the bankruptcy process – something they said could happen in “months.”
2023-1-25 22:42 | |
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Embattled crypto lender Hodlnaut faces liquidation after key lenders rejected a proposed restructuring plan, amid a probe from Singapore authorities. The post Creditors Band Together to Force Hodlnaut Liquidation appeared first on BeInCrypto.
2023-1-13 21:00 | |
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Creditors involved with the Singaporean crypto lender Hodlnaut have stated that liquidation will serve them better than a restructuring plan.
2023-1-13 19:14 | |
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Investigations show that Hodlnaut lost about $190 million in the Terra LUNA crash. The lender had proposed a restructuring plan to allow creditors to have a view of the company’s operations.
2023-1-13 15:58 | |
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Hodlnaut downplayed its exposure to the Terra ecosystem, but an investigation into the embattled crypto lender shows it lost $190 million in the Terra crash.
2023-1-13 14:08 | |
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The restructuring plan would have allowed Hodlnaut directors who were at the helm during its collapse to continue managing the company.
2023-1-13 12:49 | |
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CoinFLEX filed for a restructuring in the Seychelles during the summer after suspending withdrawals amid the volatile crypto market.
2022-9-27 21:14 | |
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Subject to a vote and court approval, the plan proposed CoinFlex creditors own 65% of the company, while its team members be allocated 15% of the company's shares.
2022-9-23 20:30 | |
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CoinFLEX has proposed a restructuring plan that would see creditors own 65% of the company. The post CoinFLEX Invites Creditors to Take the Biggest Part of Them appeared first on BeInCrypto.
2022-9-23 18:30 | |
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Cryptocurrency exchange Zipmex has appointed a restructuring and financial firm to assist with a recovery plan after it was forced to halt withdrawals and seek protection from creditors.
2022-8-26 13:52 | |
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Celsius’s Chapter 11 bankruptcy claim revealed that the company had over 100,000 creditors and it was working on a restructuring deal that would see most of them paid off. The post Celsius bankruptcy filing shows its biggest creditor has ties to Alameda Research appeared first on CryptoSlate.
2022-7-15 19:30 | |
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Voyager Digital has filed for Chapter 11 bankruptcy and begun the process of restructuring the company to meet its obligations to creditors and customers. The company issued the news late...
2022-7-6 09:13 | |
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It’s been a long and winding road with many twists and turns for the beleaguered cryptocurrency exchange QuadrigaCX and its 115,000 former users who are owed roughly $190 million.
2019-4-10 17:39 | |
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QuadrigaCX, the cryptocurrency exchange which owes its customers $134 million in cryptocurrency following the unexpected death of its founder, is moving into bankruptcy proceedings. The company’s request to move into bankruptcy was approved by a Canadian Supreme Court yesterday.
2019-4-9 11:55 | |
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Shuttered cryptocurrency exchange QuadrigaCX could be headed toward bankruptcy proceedings to give creditors the best shot at recouping assets. Ernst & Young (EY) in its latest report recommends transitioning Vancouver-based Quadriga Fintech Solutions, the exchange’s parent company, from a restructuring into bankruptcy proceedings.
2019-4-3 15:38 | |
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Defunct cryptocurrency exchange QuadrigaCX’s should enter bankruptcy proceedings in a bid to minimize costs and facilitate the recovery of assets for creditors, according to a report by Ernst & Young (EY), its court appointed monitor.
2019-4-3 12:23 | |
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QuadrigaCX monitor Ernst & Young suspects that the beleaguered exchange’s late CEO, Gerald Cotten, may have been financing personal expenditures with company funds, and it is now recommending that the assets in Cotten’s estate be placed under a preservation order.
2019-4-3 01:19 | |
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QuadrigaCX, the Canadian cryptocurrency exchange embroiled in an ongoing mystery about the disappearance of $134 million in customers’ funds, has been granted an extension on its 30-day order for creditor protection.
2019-3-6 13:34 | |
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Jennifer Robertson, one of QuadrigaCX's two officers, asked a court to put a restructuring specialist in charge of the exchange.
2019-2-27 19:30 | |
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Decentralized crypto exchange KiloEx says it’s tracking the hacker’s wallets and is ready to escalate the case if the funds aren’t returned. KiloEx, which was targeted in a cross-chain attack, has offered the hacker a deal to return the stolen…
DeFi protocol Morpho Labs has confirmed its frontend is secure after reverting a faulty update that had led to a $2. 6 million exploit, which was intercepted by white hat MEV operator c0ffeebabe. eth.
Wayfinder’s newly launched PROMPT token has dropped 68% from its post-launch high amid a halt to the Kaito airdrop due to a front-run exploit that has stolen 119 ETH during the claim process. Launched on April 9, Wayfinder (PROMPT) debuted…
Cybercriminals are abusing SourceForge’s project domains to spread trojanized Office installers embedded with cryptocurrency mining tools and clipboard hijackers. A newly uncovered malware campaign is turning SourceForge’s infrastructure into a launchpad for infection, leveraging the platform’s developer-friendly tools to trick…
Zilliqa CEO Matt Dyer steps down as the team focuses on delivering Zilliqa 2.0 following recent bridge recovery efforts. Matt Dyer has stepped down as chief executive officer of Zilliqa Technology, the company announced, as the project moves toward a…
The downfall of Mount Gox, once the biggest cryptocurrency exchange, is a lesson in what can go wrong. It took 10 years after the platform’s collapse for creditors to start getting their compensation.