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Nalezeno "repay": 72

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

FTX Expects to Fully Repay Customers but Won't Restart Defunct Crypto Exchange

31.1.2024
Its FTT token surged nearly 11% after the news

Mt. Gox Creditors Report Double Payments in Settlement Funds; Exchange Seeks Remediation

27.12.2023
Source: AdobeStock / 24K-Production Mt. Gox, the once-dominant cryptocurrency exchange that famously collapsed in 2014, has recently encountered a new hurdle in its efforts to repay creditors. Reddit users are now reporting a payment error stemming from what the exchange describes as...

Crypto exchange FTX gets nod to sell $873M of assets to repay creditors

30.11.2023
Nearly $700 million of the $873 million trust assets allowed to be sold by FTX comes from Grayscale’s flagship product, the Grayscale Bitcoin Trust, or GBTC

FTX Granted Court Approval to Liquidate $744 Million Grayscale Trust Assets

30.11.2023
Bankrupt cryptocurrency exchange FTX just has received approval from a bankruptcy court to sell its stakes in digital trusts managed by Grayscale Investments, according to a bankruptcy court document filed on Friday. This move is part of FTX’s strategic efforts to repay billions owed...

Zipmex Proposes Repayment of 3.35 Cents Per Dollar to Creditors in Latest Restructuring Plan

29.11.2023
Source: Zipmex Zipmex has put forward a new proposal to repay creditors, initially offering 3.35 cents for each dollar of their claims as part of its restructuring efforts, according to Bloomberg. This initial payout is part of a broader plan to address the crypto exchange’s $97.1 million...

Judge Urges for SEC Decision on Planned Celsius Restart as Crypto Miner

1.11.2023
America’s securities regulator has been urged to decide if it will approve a plan to transform Celsius Network into a bitcoin mining firm. The proposal seeks to repay customers of the bankrupt cryptocurrency lender with both crypto assets and stock in a new publicly traded mining entity. New York...

Gemini Seeks Control of $1.6 Billion Grayscale Shares in Lawsuit

28.10.2023
Crypto exchange Gemini has initiated a lawsuit against digital asset lender Genesis in an attempt to gain control over $1.6 billion worth of Grayscale Bitcoin Trust shares. The lawsuit, filed on Friday in the U.S. Bankruptcy Court Southern District of New York, aims to recover the shares to repay...

Crypto lender BlockFi gets court nod to repay customers

27.9.2023
The approval is seen as a milestone moment for BlockFi's over 100,000 creditors, who have been long awaiting repayment

Logan Paul Promised To Repay Crypto Victims $1.3 Million, Tracker Shows It’s Not Happening

24.8.2023
Logan Paul’s NFT-based, play-to-earn “game” CryptoZoo never showed up after a botched preliminary launch in 2021, securing Paul a class-action lawsuit and furious investors waiting for the $1.3 million he promised as compensation. It’s been six months, though. Instead of continuing to wait quietly...

Curve liquidation risk poses systemic threat to DeFi even as founder scurries to repay loans

1.8.2023
A Curve Finance hack sparked a sharp sell-off, and while DeFi traders stepped in to support CRV, the possibility of a contagion-level event remains

Celsius could repay all USD claims if Bitcoin, Ether prices rose by 2X: Simon Dixon

19.7.2023
Dixon called for creditors to fight to get out of the bankruptcy proceedings before BTC and ETH prices hit the estimated number to avoid another rug pull by the crypto lender

US Justice Department Objects to Bittrex’s Plan To Repay Customers in Bankruptcy Proceedings

8.6.2023
The US Department of Justice objected to a proposal by crypto exchange Bittrex to return money to customers as part of its liquidation plan. Bittrex filed for bankruptcy in May in a federal court in Delaware after facing scrutiny from both the Justice Department and the US Securities and Exchange...

US DOJ opposes bankrupt Bittrex’s plan to repay customers ahead of credited fines

8.6.2023
Bittrex owes $29 million on penalties for sanctions violations and may still face penalties in a case brought by the SEC

Fitch Maintains Negative Watch on US Rating Despite Debt Limit Resolution

4.6.2023
Although the U.S. has averted defaulting on its debt obligations, Fitch Ratings still has concerns about the country’s ability to repay its debt. As a result, the credit rating agency has placed the U.S. “AAA” rating on negative watch, emphasizing that recent events have lowered...

Coin Cafe to repay $4.3M in fees that 'wiped out' investors' Bitcoin accounts

19.5.2023
The platform was charging investors ‘exorbitant and undisclosed fees’ with one user being charged recurring fees of $51,000 over a span of 13 months, according to the statement

Three Arrows Capital's NFT Collection Set for Sotheby's Auction in Attempt to Repay Creditors

20.4.2023
Sotheby's is preparing to host an auction for a collection of non-fungible tokens (NFTs) seized from now-defunct crypto hedge fund Three Arrows Capital. In a Wednesday press release, Sotheby's revealed that it will auction the Grails collection, which is comprised of digital artwork that belongs...