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Nalezeno "Bankruptcy Plan": 25

FTT Broke Through $3.4 Today After Judge Approves FTX Bankruptcy Plan

8.10.2024
The United States Bankruptcy Court for the District of Delaware has approved FTX’s bankruptcy reorganization plan, which shortly…

Delaware Judge Approves FTX Estate’s Bankruptcy Plan

7.10.2024
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

FTX Bankruptcy Plan Approved, Creditor Payouts to Begin Now!

7.10.2024
A U.S. bankruptcy judge has given the green light to FTX’s bankruptcy plan, which concludes the fiasco that…

Celsius' Bankruptcy Plan Administrator Pays Out Over $2.5B

27.8.2024
Celsius' bankruptcy administrator has distributed more than $2.53 billion to some 251,000 creditors, it said in its first status report

US Trustee challenges FTX reorganization plan, citing legal concerns

25.8.2024
The objections raised by the US Trustee and the creditor group are likely to play a significant role in the court’s deliberations

Cash or crypto? FTX creditors to vote on how they're paid back

26.6.2024
FTX lawyers stressed that in-kind crypto payouts would clash with bankruptcy laws but several creditors feel shortchanged by the proposed cash repayments plan

Customers protest exchange bankruptcy plan: ‘We never gave FTX our coins!’

21.6.2024
A committee representing the interests of FTX customers is pushing back against a proposed bankruptcy plan, claiming that it violates their property rights

DCG Opposes Genesis Bankruptcy Plan, Cites Favoritism to Small Group of Creditors

6.2.2024
Digital Currency Group (DCG) has opposed the bankruptcy plans of its subsidiary Genesis, arguing that it goes against the law and favors a small group of creditors. In a Feb 5 court filing, the company asked the court not to approve the Revised Plan submitted by Genesis for multiple reasons...

Celsius Emerges from Bankruptcy and will Distribute $3B to Creditors

1.2.2024
Celsius Network has emerged from bankruptcy and is planning to pay over $3 billion of cryptocurrency and fiat to its creditors. Part of the bankruptcy plan will include the creation of a new Bitcoin mining company named “Ionic Digital” which will be fully owned by Celsius’ creditors. Hut 8 Corp....

Celsius to Transition to Mining-Only NewCo After SEC Feedback in Updated Bankruptcy Plan

21.11.2023
Crypto lender Celsius will transition to a new company that focuses only on Bitcoin mining, a shift from an earlier reorganization plan that included a focus on staking too

Celsius Moves $10 Million in Ethereum to Exchange Following Bankruptcy Plan Approval

15.11.2023
Celsius transfers millions in Ethereum to an exchange as part of a strategic shift post-bankruptcy. Image by Rafael Henrique, Adobe Stock Crypto lending company Celsius has transferred over $10 million worth of Ethereum to an exchange on Wednesday, just 6 days after a judge approved...

BlockFi Clients Can Now Submit Withdrawal Requests as Bankruptcy Plan Takes Effect

25.10.2023
The US-based crypto lending company BlockFi has emerged from bankruptcy, allowing clients to begin the process of withdrawing their assets. This development comes nearly 11 months after BlockFi was caught in the turbulence of the cryptocurrency industry, triggered by the disastrous collapse...

FTX Estate Proposes Recovery Plan With 90% Asset Return Expected

19.10.2023
The now-defunct FTX crypto exchange announced a proposed settlement plan this week that aims to resolve disputes over customer assets lost when the company filed for bankruptcy in November 2022. FTX Debtors Chart Path to Redress: 90% Asset Recovery Proposed in Bankruptcy Plan The FTX debtors’...

FTX customers could get $9B shortfall claim payout by mid-2024

17.10.2023
A proposed settlement could see creditors receive a shortfall claim of $8.9 billion for FTX.com and $166 million for FTX US

Blockfi Bankruptcy Plan Confirmed, Paving Way for Client Distributions

1.10.2023
Crypto lender Blockfi is moving closer to returning funds to clients after a bankruptcy judge confirmed its Chapter 11 plan on Tuesday. The plan outlines a process for the company to distribute the remaining assets to clients and attempt to recover additional funds. Blockfi Advances on Client Asset...