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Crypto Lender Celsius to Be Acquired by Novawulf, Exiting Chapter 11
16.2.2023
Crypto lender Celsius’ committee of unsecured creditors has chosen the digital asset investment firm Novawulf Digital Management to sponsor the company’s reorganization plan, according to a statement published on Wednesday. The proposed agreement would enable Celsius to exit...
FTX Bankruptcy Judge Denies US Trustee’s Request for Independent Examiner
16.2.2023
The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postponed the ruling last week, citing concerns that the examiner could cost creditors tens...
Celsius creditors committee proposes suing Mashinsky, other Celsius execs
15.2.2023
The proposed lawsuit names Alex Mashinsky and a number of former executives and co-founders for alleged “recklessness, gross mismanagement, and self-interested conduct.”
Genesis Unveils Proposed Sale Plan With DCG, Bankruptcy Creditors
10.2.2023
Parent company Digital Currency Group would turn its equity in Genesis Global Trading over to a holding company as part of an effort to sell both firms
Publisher says it's trying to scrub all traces of 'Mashinsky Method' book
10.2.2023
A slated financial literacy book by Alex Mashinsky has already been canceled but the book's publisher is still trying to wipe all traces of it from the internet
Celsius‘ motion to extend timeline for restructuring plan faces objection from creditors
9.2.2023
“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
Celsius’ Proposed Extension for Wind-Up Opposed by Creditors, US Government
9.2.2023
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
What creditors can expect from Genesis’ bankruptcy — and what others can learn
8.2.2023
Gemini Earn participants are among the many groups likely to be disappointed with the outcome of Genesis’ Chapter 11 bankruptcy filing
First Mover Asia: Bitcoin Flirts With $23.4K as Jerome Powell Repeats Comment About Waning Inflation; Market Weighs DCG-Genesis Deal With Creditors
8.2.2023
ALSO: Stakeholders in the venture capital industry explain why embattled crypto trading firm Alameda Research will not be missed. Bitcoin and ether rise
FTX Bankruptcy: Judge Delays Decision on Appointing Independent Examiner Amid Cost Concerns
7.2.2023
Judge John Dorsey has delayed his decision on whether to appoint an independent examiner in the FTX case. At the latest hearing, Dorsey acknowledged that the cost to debtors could reach tens of millions of dollars. Currently, the bankruptcy judge is hopeful that the issue will be resolved through...
Genesis entity going up for sale as DCG makes creditor pact
7.2.2023
Digital Currency Group (DCG) plans to hand Genesis its stake in the Genesis Global Trading business entity which will then be sold, pending court approval
Bankrupt Lender Genesis and Parent DCG Reach Initial Agreement With Main Creditors: Source
6.2.2023
The deal includes "an equitization of the infamous 10-year promissory note that DCG gave Genesis in return for the 3AC claims," a person familiar with the situation said
Genesis unsecured creditors' committee appointed
4.2.2023
The seven-member committee will represent the creditors in court, having the right to participate in the reorganization plan
Voyager Creditors Reject Alameda’s Attempt to Recover $446M
1.2.2023
The Creditors’ rejection follows a veto by Voyager itself
'Categorically false' — Attorney denies bids for Celsius assets were rejected
1.2.2023
The Celsius Official Committee of Unsecured Creditors hosted a two-hour town hall shortly after the filing of the Celsius examiners’ report
FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings
31.1.2023
FTX debtors have filed a motion with the court requesting to dismiss its Turkish subsidiaries from the Chapter 11 bankruptcy proceedings. The defunct crypto exchange’s lawyers believe dismissing the entities “is in the best interests” of creditors, and FTX debtors do not believe...
FTX creditors list, BlockFi $1.2B exposure and new Celsius token: Hodler’s Digest, Jan. 22-28
28.1.2023
FTX will be the subject of a U.S. Senate hearing, authorities take HashFlare founders into custody and New York finalizes its PoW ban
FTX Publishes Creditor List, Owes Millions to Well-Known Institutions and Government Agencies
26.1.2023
The now-defunct crypto exchange FTX has published its list of creditors, with the names unredacted. The comprehensive list, which is over 100 pages long, shows that FTX owes a lot of money to well-known institutions, including Binance, Airbnb, Apple, Amazon, Linkedin, Coindesk, the Wall Street...
New Filing Shows FTX Creditors Include Netflix, Apple, Binance and Coinbase
26.1.2023
The FTX creditor list is a document that reveals the extent of the crypto enterprise's reach and the impact of its bankruptcy. The list is 116 pages long and includes notable companies such as Netflix and Apple. However, it should be noted that 9.7 million customer names have been redacted from...
FTX creditor list shows airlines, charities and tech firms caught in collapse
26.1.2023
The over 100-page long document lists every entity FTX owes money to, inclusive of Big Tech players to local businesses from its Bahamian headquarters