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FTX on track to rollout repayment plan in January 2025

FTX and its affiliated debtors announced they are on track to implement their Chapter 11 Plan of Reorganization by Jan. 2025, which will set distributions for creditors and customers.  According to the timeline shared in the firm’s announcement, the final arrangements with specialized distribution agents will be completed in December, allowing customers in supported jurisdictions […] The post FTX on track to rollout repayment plan in January 2025 appeared first on CryptoSlate. дальше »

2024-11-22 05:00


FTT Surges 50% On FTX Creditors’ Claims Settlement And Billions In Compensation: How High Can It Rise?

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. дальше »

2024-5-8 22:00


Tether Splits Into Four Divisions, Eyes Expansion Beyond Stablecoins

Tether, the company behind the USDT stablecoin, has announced a significant reorganization and expansion strategy aimed at transcending its flagship product. This move introduces four distinct business divisions—Data, Finance, Power, and Edu—with a focus on broadening its influence and applications in various sectors of technology and finance. дальше »

2024-4-18 18:00


Celsius Network Offers Settlement Plan for Large Account Holders Amid Bankruptcy Proceedings

In a pivotal move, Celsius Network LLC offers a settlement plan to account holders with significant liabilities as part of its Chapter 11 reorganization. This article details the critical deadlines, eligibility criteria, and steps involved in the settlement process, providing essential insights for affected stakeholders. дальше »

2024-1-10 09:30


Celsius bankruptcy plan faces backlash from retail crypto borrowers claiming institutional bias

Retail crypto borrowers are filing objections to Celsius Network’s bankruptcy reorganization plan, arguing it unfairly favors institutional lenders over retail clients like himself. Johan Bronge, an angel investor who took out several bitcoin-backed loans from Celsius before its bankruptcy, said in a letter to the court that the plan allows institutional lenders to repay their […] The post Celsius bankruptcy plan faces backlash from retail crypto borrowers claiming institutional bias appeared first on CryptoSlate. дальше »

2023-9-21 09:42


Digital Currency Group to pay $1.4B as agreement made with Genesis for up to 90% of funds

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. дальше »

2023-8-29 10:28


FTT Token Surges 17% After FTX Confirms Rumors Of Relaunch

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. дальше »

2023-8-1 15:08