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Nalezeno "bankruptcy": 1277

Bitcoin price tops $68K but a few concerning headwinds remain

20.5.2024
Bitcoin price shows strength as investors expect the Fed to resume printing, but a handful of global macroeconomic headwinds are still in play

Genesis Set to Return $3B Customer Assets in Finalized Bankruptcy Liquidation Plan

20.5.2024
Bankruptcy claims began trading at 35% of account balance value when they were initially listed on claim trading marketplace Xclaim

Failed Crypto Lender Genesis to Disburse $3B to Creditors in Bankruptcy Case

20.5.2024
Judge Sean Lane greenlit Genesis Global's Chapter 11 plan on Friday, allowing the defunct crypto lender to repay creditors roughly $3b in crypto and cash. The post Failed Crypto Lender Genesis to Disburse $3B to Creditors in Bankruptcy Case appeared first on Cryptonews

Court Approves Crypto Lender Genesis’ $3 Billion Payout to Customers

18.5.2024
Crypto lender Genesis Global obtained court approval Friday to return approximately $3 billion to its customers as part of its bankruptcy liquidation. U.S. Bankruptcy Judge Sean Lane approved Genesis’ Chapter 11 plan, overruling an objection from its equity owner, Digital Currency Group...

Genesis Global secures court approval for $3B payout

18.5.2024
According to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCG’s equity stake

'Crypto King' Aiden Pleterski faces fraud, money laundering charges

16.5.2024
Pleterski and an associate were arrested months after multiple investor complaints and months of police investigation

Small creditors put at risk by latest FTX bankruptcy development

15.5.2024
The transfer of the bankruptcy claim from FTX EU Ltd. to FTXCREDITOR, LLC, could have significant impact on stakeholders

UK Crypto Advisory Firm Shuts Down Over Investor Losses, Accounting Neglect

14.5.2024
The UK government’s Insolvency Service has shut down a London-based crypto advisory firm that claimed to offer investment advice in cryptocurrencies. The post UK Crypto Advisory Firm Shuts Down Over Investor Losses, Accounting Neglect appeared first on Cryptonews

Bitcoin price shows strength as investors anticipate return of money printing

13.5.2024
Bitcoin rallies as central bank stimulus packages become more common, and the Fed’s signal of “higher for longer” interest rates aligns with investors’ market view

Was Sam Bankman-Fried Proven Right About FTX’s Solvency?

10.5.2024
No

Bankrupt Crypto Lender Blockfi Enlists Coinbase to Distribute Crypto Payouts

10.5.2024
The now-defunct crypto lender Blockfi is officially shutting down the firm’s web portal this month according to an update from the firm. Blockfi said that it has partnered with Coinbase to help facilitate the execution of withdrawals to eligible Blockfi customers. Blockfi Collaborates With Coinbase...

Core Scientific sees revenue surge in 1Q24 after emerging from bankruptcy

8.5.2024
Bitcoin miner Core Scientific has posted $150 million in revenue from digital asset mining in the first quarter of 2024, boosting its gross margin to 46% from 26% in the previous year

Bankruptcy law firm S&C absolved from misconduct according to new FTX proposal

8.5.2024
FTX’s amended plan contains an exculpation clause that could absolve Sullivan & Cromwell, along with all debtors, of future liabilities

NBA, football, NASCAR stars cough up $2.4M in Voyager promo suit

8.5.2024
Rob Gronkowski, Victor Oladipo, and Landon Cassill have agreed to settle with plaintiffs in their ongoing case against Voyager Digital

FTX Creditors Set for Cash Windfall Beyond 100% of Claims

8.5.2024
A new reorganization plan filed Tuesday night proposes that nearly all FTX account holders will be repaid in full for their claims. They may even receive additional cash on top of that amount. The post FTX Creditors Set for Cash Windfall Beyond 100% of Claims appeared first on Cryptonews

Nearly All FTX Creditors Will Get 118% of Their Funds Back in Cash, Estate Says in New Plan

8.5.2024
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

FTX Transfers $8.3M a Day Before Amended Proposal Deadline for Restructuring Plan

7.5.2024
This transfer occurred just a day before FTX debtors were scheduled to release an amended restructuring plan for the exchange, adding a layer of intrigue to an already complex situation. The post FTX Transfers $8.3M a Day Before Amended Proposal Deadline for Restructuring Plan appeared first...