FTX to start bankruptcy payouts via Kraken, BitGo from Jan. 3

Users caught in FTX’s 2022 crash will begin receiving bankruptcy distributions, optionally in stablecoins, through Kraken and BitGo. дальше »

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Kraken and BitGo will help distribute the first FTX payments in 2025

More than two years after the cryptocurrency exchange filed for bankruptcy, the first group of FTX claimants could see recovery payments distributed as early as January. дальше »

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FTX Bankruptcy Update: Debtors Successfully Reclaim $15 Million In Political Donations

As the cryptocurrency exchange FTX, once run by convicted founder Sam Bankman-Fried, continues its bankruptcy proceedings, significant developments have emerged regarding the recovery of funds for affected users. дальше »

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Celsius founder Mashinsky pleads guilty to crypto fraud in U.S. court

Alex Mashinsky pleads guilty to fraud and agrees to return $48 million in proceeds. Celsius filed for bankruptcy in 2022 and shifted to Bitcoin mining after emerging in 2023. In a surprisingThe post Celsius founder Mashinsky pleads guilty to crypto fraud in U.S. court appeared first on AMBCrypto. дальше »

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Alex Mashinsky to plead guilty to fraud linked to Celsius bankruptcy

Alex Mashinsky plans to plead guilty in the Celsius fraud case, facing charges of fraud and market manipulation after the firm's bankruptcy. The post Alex Mashinsky to plead guilty to fraud linked to Celsius bankruptcy appeared first on Crypto Briefing. дальше »

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Enron announces plans to relaunch and teases entry into the crypto space

Enron announces its surprising comeback after its 2001 bankruptcy and fraud scandal, unveiling plans for energy and blockchain innovation. The post Enron announces plans to relaunch and teases entry into the crypto space appeared first on Crypto Briefing. дальше »

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Binance increases Terra Luna’s (LUNA) trading leverage by four times

Binance has again extended its care for the Terra community following Terraform Labs’ bankruptcy. According to the latest announcement, the leading crypto exchange has expanded leverage for trading LUNA by four times. дальше »

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Celsius begins second distribution of $127 million to eligible creditors

Celsius Network initiates a $127 million second payout to creditors, raising recovery rates to 60.4% as bankruptcy proceedings continue. The post Celsius begins second distribution of $127 million to eligible creditors appeared first on Crypto Briefing. дальше »

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$1.75 Billion Gone? South Korean Crypto Platform Delio Files For Bankruptcy

A cryptocurrency platform based in South Korea has gone into bankruptcy as declared by a local court after its customers can no longer withdraw their virtual funds worth $1.75 billion. Related Reading: Coinbase CEO Brian Armstrong Finds Ally In Cardano’s Hoskinson For Crypto Czar Bid The unfortunate circumstances faced by Delio serve as a reminder […] дальше »

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Haru Invest declared bankrupt amidst alleged $1b investor fraud

The Seoul Rehabilitation Court officially declared bankruptcy on crypto yield platform Haru Invest, after it was implicated in a crypto fraud worth up to $1 billion. Investigations by South Korean law enforcement revealed that Haru Invest, a crypto yield firm… дальше »

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FTX Blames Binance And Founder Changpeng Zhao For Its Downfall, Demands $1.8 Billion In New Lawsuit

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FTX bankruptcy estate files $1.8B lawsuit against Binance, CZ

The FTX estate argued that Sam Bankman-Fried’s $1.75 billion repurchase deal with Binance in July 2021 was a fraudulent transfer because of FTX’s insolvency. дальше »

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California permanently cuts off BlockFi’s license over bad lending practices

The California Department of Financial Protection and Innovation has permanently revoked BlockFi’s lending license following its bankruptcy and regulatory issues. BlockFi, a crypto lending platform, collapsed in 2022 amid financial troubles tied to the downfall of crypto exchange FTX.  BlockFi… дальше »

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California Revokes BlockFi License for Unsafe Lending Violations

California’s DFPI permanently revoked BlockFi’s license for regulatory violations, emphasizing consumer protection following BlockFi’s bankruptcy. The post California Revokes BlockFi License for Unsafe Lending Violations appeared first on BeInCrypto. дальше »

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FTX sues KuCoin to recover $50 million in withheld assets

Bankrupt crypto exchange FTX has filed a lawsuit to recover over $50 million in assets allegedly withheld by KuCoin, according to court documents filed on Oct. 28. The assets were reportedly held in a KuCoin account belonging to the now-defunct Alameda Research, which filed for Chapter 11 bankruptcy in November 2022. дальше »

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FTX's $228M Settlement With Bybit Brings Conclusion of Epic Liquidation Closer

The costly meltdown of global exchange FTX is still settling big chunks of its bankruptcy drama, now securing about $228 million from Bybit to further feed the cash dispersal that was approved in court earlier this month. дальше »

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FTX reaches $228 million settlement with Bybit amid bankruptcy efforts

FTX has reached a $228 million settlement with crypto exchange Bybit and its affiliates, concluding a lawsuit filed in Nov. 2023 that sought to recover approximately $1 billion in assets. The agreement allows FTX to withdraw $175 million in digital assets held on Bybit’s platform and sell about $53 million in BIT tokens to Mirana […] The post FTX reaches $228 million settlement with Bybit amid bankruptcy efforts appeared first on CryptoSlate. дальше »

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FTX to receive $53M BIT tokens following $228M settlement with Bybit

In a significant development in the ongoing saga of the FTX bankruptcy proceedings, the FTX bankruptcy estate has reached a $228 million settlement with crypto exchange Bybit and its investment division, Mirana. дальше »

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FTX agrees to $228m settlement in ByBit lawsuit

The FTX bankruptcy estate has agreed to a $228 million settlement with crypto exchange Bybit and its investment division Mirana, as part of its efforts to recover assets for its creditors. According to an Oct. 24 filing, the FTX bankruptcy… дальше »

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FTX Reaches Over $225 Million Settlement With Bybit Amid Ongoing Bankruptcy Proceedings

FTX has reached a significant milestone in its bankruptcy proceedings by settling a year-long lawsuit against Bybit for over $225 million. The post FTX Reaches Over $225 Million Settlement With Bybit Amid Ongoing Bankruptcy Proceedings appeared first on BeInCrypto. дальше »

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Crypto Neobank Banq's Bankruptcy Case Dismissed by U.S. Judge

The filing was dismissed because a U.S. judge who called the application a "bad faith" tactic. дальше »

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Former FTX Customer Sues Hedge Fund, Says It Reneged on Bankruptcy Payout Deal

Alexander Nikolas Gierczyk of California says the hedge fund he sold his FTX bankruptcy claim to isn't paying out what it promised. дальше »

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FTX customer sues hedge fund over alleged stolen bankruptcy gains

FTX customer Nikolas Gierczyk accuses Olympus Peak of underpaying him after buying his FTX bankruptcy claim worth $1.59 million, alleging the hedge fund owes him much more in additional recovery. According to a Bloomberg report on Oct. 11, Californian Nikolas… дальше »

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FTX Bankruptcy: Key Dates For The $16 Billion Payout And Potential Market Effects

On Monday, a US bankruptcy court officially approved the liquidation plan for cryptocurrency exchange FTX, allowing the company to repay its customers using approximately $16 billion in recovered assets. дальше »

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Crypto whales buying memecoins like NEIRO, FWOG as judge approves FTX bankruptcy plan

Smart money is buying memecoins after a U.S. judge approved the FTX repayment plan, boosting liquidity and driving interest in Flockerz presale, the first Vote-to-Earn DAO. #partnercontent дальше »

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Caroline Ellison turns in all her assets in FTX lawsuit settlement

Caroline Ellison, former CEO of Alameda Research, has agreed to turn over all her remaining assets to FTX debtors to settle a lawsuit filed against her by the bankruptcy estate. In an Oct. 7 filing, the document states that FTX… дальше »

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FTX Receives Court Approval to Repay Billions to Customers

In a landmark decision, FTX, the once-dominant cryptocurrency exchange that collapsed spectacularly last year, has received court approval for its bankruptcy plan. дальше »

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FTX: Major Ruling Clears $16 Billion Repayment Route In Bankruptcy Saga

FTX, once a giant in the crypto exchange world, has cleared a major hurdle in its bankruptcy proceedings. On Monday, a US bankruptcy court approved its plan to repay customers using up to $16. 5 billion in recovered assets. дальше »

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FTX plan approved: Victims to receive cash, not crypto

FTX got court approval to proceed with its reorganization plan.  Some seemed unhappy with the FTX plan.  The US bankruptcy court has approved the reorganization plan of defunct crypto exchThe post FTX plan approved: Victims to receive cash, not crypto appeared first on AMBCrypto. дальше »

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FTX to fully repay investors after bankruptcy plan receives judge approval

FTX to repay 98% of its users around 119% of their claim value Distributions will be made to creditors across more than 200 jurisdictions FTX collapsed in November 2022 amid allegations of fraud and customer fund mismanagement A US judge has approved FTX’s bankruptcy plan to use billions of dollars in recovered assets to repay […] The post FTX to fully repay investors after bankruptcy plan receives judge approval appeared first on CoinJournal. дальше »

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Court greenlights FTX’s $16.5 billion bankruptcy plan to repay defrauded customers

Defunct crypto exchange FTX received court approval for its bankruptcy plan and its estate is now clear to repay customers in cash, with interest, using up to $16. 5 billion in recovered assets, Reuters reported Oct. дальше »

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Delaware Judge Approves FTX Estate’s Bankruptcy Plan

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. дальше »

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FTX Bankruptcy Plan Greenlit to Fully Compensate Crypto Customers in Cash with Interest

Сообщение FTX Bankruptcy Plan Greenlit to Fully Compensate Crypto Customers in Cash with Interest появились сначала на Coinstelegram.

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FTX cash repayment plan approved by bankruptcy judge

FTX’s bankruptcy plan to repay customers in cash plus interest was approved by a Delaware judge, despite a push for in-kind reimbursements. Judge John Dorsey of the U.S. District of Delaware Bankruptcy Court ruled in favor of FTX’s repayment, which… дальше »

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Bankruptcy judge approves FTX’s reorganization plan

Roughly two years after the crypto exchange collapsed and many of its executives faced criminal charges, the Oct. 7 court decision was a step forward for reimbursing FTX users. дальше »

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FTX bankruptcy estate auctioning Worldcoin tokens this week

According to CoinGecko, Worldcoin currently has a market capitalization of approximately $792 million and a 494 million circulating supply. дальше »

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FTX Token spikes 70% amid looming bankruptcy distributions

The native token of the bankrupt crypto exchange FTX has seen sharp bullish action amid looming bankruptcy distributions.

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Genesis creditor already sold 12,100 ETH amid major liquidation

The largest recipient of the Genesis Trading bankruptcy proceedings has recently been involved in a significant Ethereum sell-off.  According to data provided by Arkham Intelligence, the creditor has sold 12,100 Ethereum (ETH) worth $31.43 million, within just three days. This… дальше »

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Terraform Labs may close products, services in bankruptcy wind-down

Terraform Labs plans to shut down several services by Oct. 30 unless third parties step in, following a wind-down after its SEC settlement in June. дальше »

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Celsius token surges 300% a month after $2.5B payment to creditors

The Celsius token skyrocketed 300% a month after the firm paid $2.5 billion to creditors, marking a strong rebound in the aftermath of its bankruptcy settlement.  дальше »

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Terraform Labs receives bankruptcy nod: A turning point?

Terraform Labs approved to wind down amid SEC settlement and bankruptcy proceedings. Terra Luna Classic and LUNA prices surge post-court decision, reflecting market volatility. Terraform LabThe post Terraform Labs receives bankruptcy nod: A turning point? appeared first on AMBCrypto. дальше »

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Terraform Labs cleared for wind-down amid bankruptcy by US Court

On Sept. 19, Terraform Labs, the company behind the Terra blockchain protocol, gained court approval to wind down its operations as part of its bankruptcy proceedings. During a pivotal hearing on Thursday, U. дальше »

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Court approves Terraform Labs winding down in bankruptcy hearing

After collapsing in 2022, facing an SEC lawsuit in 2023, and filing for bankruptcy in 2024, many of Terraform’s legal cases in the US are beginning to wind down. дальше »

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Silvergate Capital files for bankruptcy amid crypto market turmoil

Silvergate Capital filed for bankruptcy on September 18, 2024, in Delaware. The bank, shuttered in March 2023, will not compensate common stockholders. Regulatory probes and the crypto market collapse blamed for Silvergate’s financial downfall. дальше »

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US SEC charges crypto-advisory that shuttered due to FTX bankruptcy

US SEC disclosed charges against crypto-advisory for failure to comply with custody rules The firm will be paying $225,000 as civil penalty for storing money on now defunct crypto-exchange - FTThe post US SEC charges crypto-advisory that shuttered due to FTX bankruptcy appeared first on AMBCrypto. дальше »

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FTX bankruptcy faces new hurdles as SEC flags repayment concerns

The US Securities and Exchange Commission (SEC) has issued a filing expressing concerns over the proposed repayment strategy in the ongoing FTX bankruptcy case. The plan, which includes repaying creditors through stablecoins or other digital assets, has prompted the SEC to reserve the right to challenge these transactions under federal securities laws. дальше »

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SEC criticized for dubious stablecoin stance in FTX bankruptcy

The Securities and Exchange Commission is facing criticism for its recent filing on the FTX bankruptcy, echoing its controversial approach in the Voyager case. In a recent filing, the SEC warned the FTX estate that it may oppose plans to… дальше »

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SEC Might Challenge FTX Bankruptcy Estate From Paying Back Customers With Stablecoins

The U.S. Securities and Exchange Commission (SEC) may have thrown a spanner in the wheels of the confirmation of the FTX bankruptcy plan, according to a court filing Friday. дальше »

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Miners’ bad luck: Rhodium goes bankrupt

The firm has filed for bankruptcy in the Southern District of Texas. The U.S. Bitcoin miner has debts of $50 million to $100 million, and the total assets of Rhodium Enterprises are estimated from $100 million to $500 million. The… дальше »

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Celsius distributes $2.5B to 251,000 creditors amid bankruptcy proceedings

Over 121,000 Celsius creditors have yet to claim their funds, according to the Celsius bankruptcy administrator. 

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