Search
Coinflex plans give 65% of company to creditors as part of restructuring proposal
22.9.2022
Subject to a vote and court approval, the plan proposed CoinFlex creditors own 65% of the company, while its team members be allocated 15% of the company's shares
Celsius, Creditors Agree to Independent Government Probe, Call for Narrowed Scope
9.9.2022
The Official Committee of Unsecured Creditors joined other Celsius borrowers in opposing the U.S. Trustee's motion to appoint an independent examiner, though they did not oppose the appointment of any third party investigator to dig into the embattled crypto lender's financials
Mt. Gox creditors fail to set repayment date, but markets to remain unaffected
7.9.2022
While a Bitcoin price dip may not be on the cards anytime soon, intriguing new details regarding the Mt. Gox saga have continued to emerge over the past week
Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’
2.9.2022
On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week...
Celsius files to reopen withdrawals for a minority of customers
2.9.2022
Celsius has motioned for $50 million worth of the total $225 million held in the Custody Program and Withhold Accounts to be released to owners
Update for Mt. Gox Creditors, Binance's Messages, Ledger at Best Buy + More News
1.9.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
__________...
Read More: Update for Mt. Gox Creditors, Binance's Messages, Ledger at Best Buy + More News
Mt. Gox creditors dismiss rumors of massive Bitcoin dump
29.8.2022
Mt. Gox creditor Eric Wall said that at the moment, creditors are still unable to register where the funds should be sent to
Hodlnaut Court Filings Highlight a $193 Million Shortfall, Whistleblower Condemns Crypto Lender’s Contradictory Statements
22.8.2022
The troubled crypto lender Hodlnaut shared another update after the company froze withdrawals on August 8, and then revealed the company is seeking judicial management in order to rehabilitate the startup. The latest update shows that Hodlnaut experienced a shortfall of around $193 million and this...
Voyager creditors oppose $1.9M employee retention proposal
22.8.2022
The creditors wrote that the employees are "already well-compensated" while its creditors struggle to pay their expenses
Voyager's Creditors Say 'No' to the Lender's 'Retention' Bonuses for Employees
22.8.2022
Creditors of the troubled crypto lender Voyager Digital have objected to the company's motion to pay employees "retention awards," saying that it should instead lower "headcount" to decrease costs.
The Official Committee of Unsecured Creditors, a group of Voyager customers, said in a recent legal...
Bankrupt Lender Celsius CEO Owes Creditors Transparency, Crypto Lawyer Says
19.8.2022
If Celsius Network’s CEO, Alex Mashinsky was “being transparent,” there would be “no need to pull in an independent examiner," Sasha Hodder, founder of Hodder Law Firm, said on CoinDesk TV's "First Mover."
Creditors Want to Pour Cold Water on Celsius’ Mined Bitcoin Sale Plans
12.8.2022
Celsius creditors want to block the bankrupt crypto lender from selling mined bitcoin (BTC) reserves – and have labeled the firm’s CEO previous attempts to reassure them as “empty and false.”
The company is filing for bankruptcy in New York, where the case is now being heard. But in a letter...
Bankrupt Crypto Firm Voyager Digital Approved to Release $270 Million in Cash Deposits
5.8.2022
The now defunct and bankrupt Voyager Digital has been approved by the court to distribute $270 million in funds to creditors and affected customers. The news follows the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board ordering Voyager to remove any statements that allege...
Singapore High Court Grants Crypto Lender Vauld Temporary Protection From Creditors
3.8.2022
Singapore-based Vauld will have some breathing space after the country’s High Court gave its parent company creditor protection for the next three months. The decision comes as the troubled crypto lending platform seeks acquisition by rival Nexo. Vauld to Have 3 Months for Restructuring,...
Crypto lender Vauld granted three-month protection from creditors
2.8.2022
Vauld's parent company Defi Payments Ltd says the moratorium granted on Monday will give it the necessary breathing room to form a restructuring plan
Celsius Clients Beg Bankruptcy Court to Release Crypto, One Customer Needs Funds to ‘Put Food on the Table’
28.7.2022
After the crypto lender Celsius filed for bankruptcy protection on July 13, the company recently contacted customers and explained that an employee from one of the firm’s vendors accessed a list of Celsius client emails, and the email addresses were “transferred to a third...
What Happens to Celsius Creditors if Crypto Prices Recover?
26.7.2022
Legal experts survey the undiscovered country that awaits customers of the bankrupt cryptocurrency lending platform
Crypto lender Vauld seeks protection against creditors: Report
21.7.2022
The crypto exchange, which is backed by Peter Thiel and Coinbase, halted withdrawals in July following an apparent run on its assets
Crypto Lender Vauld Files for Protection From Creditors
20.7.2022
The Singapore-based company had recently suspended withdrawals and begun laying off staff
Crypto Turmoil Latest: 3AC Creditor List Unveiled and Celsius Asks Creditors to ‘Go Long’ on Crypto
19.7.2022
With coin prices still very tentatively recovering and some even forecasting the end of crypto winter, optimists will hope that the darkest days of the crypto crunch are behind us – but things are still hot in the world of the bankrupt duo Celsius (CEL), a crypto lender, and Three Arrows Capital...