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Mt. Gox creditors report multiple brute force attempts on their accounts
18.7.2024
Mt. Gox’s claims website is currently down for maintenance, while Mt. Gox creditors are still looking for an explanation behind the recent flood of login attempts
Over 36% of Mt. Gox Bitcoin distributed to creditors, but whales keep accumulating
17.7.2024
Bitcoin whales continue accumulating, despite the potential sell pressure from Mt. Gox creditors, which could see 99% of investors selling
Over 36% of Mt. Gox Bitcoin distributed to creditors, but whales keep accumulating
17.7.2024
Bitcoin whales continue accumulating, despite the potential sell pressure from Mt. Gox creditors, which could see 99% of investors selling
Mt Gox Initiates Bitcoin Repayments to Creditors
5.7.2024
The Mt. Gox Rehabilitation Trustee has announced that repayments in bitcoin and bitcoin cash have begun for some creditors. Further repayments will occur once several conditions are met. Mt. Gox has moved significant bitcoin amounts ahead of its planned $9 billion repayment. Bitcoin’s price...
Up to 99% of Mt. Gox’s $8.2B Bitcoin could be sold: Analyst
5.7.2024
Nearly all of Mt. Gox’s former creditors might be looking to sell their Bitcoin, which has increased by over 8,500% in value in the 10 years since the exchange’s collapse
Crypto Markets To See Selling Pressure in July From Mt. Gox Creditors: JPMorgan
27.6.2024
If most of the liquidations by Mt. Gox creditors occur next month, crypto markets are expected to sell off in July then rebound in August, the report said
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
Celsius small business creditors demand reimbursement after 35% cut in claims
25.6.2024
Two Celsius creditors have filed a motion asking for a second distribution after they allegedly suffered reduced payments from possessing corporate accounts
Mt Gox to Start Distributing $9 Billion in Bitcoin to Creditors in July After Decade-Long Wait
24.6.2024
On Monday, June 24, 2024, the Mt Gox bankruptcy trustee declared that reimbursements are slated to commence at the start of July. The trustee explained that disbursements will be made in bitcoin and bitcoin cash and sent to designated exchanges. After Ten Years, Mt Gox Trustee Announces July Start...
FTX creditors object to bankruptcy reorganization plan
7.6.2024
The group of creditors, led by Sunil Kavuri, cited several concerns, including forced taxation, which would compromise creditors’ best interests
Mt. Gox moves $9.6B worth of Bitcoin. Are creditors now being repaid?
28.5.2024
The transfer represents the first significant on-chain movement from Mt. Gox-related wallets in the past five years, ahead of the October 2024 repayment deadline
FTX Estate Sells Remaining Discounted Solana Tokens in Bid to Repay Creditors
26.5.2024
The FTX estate, responsible for managing the defunct exchange's bankruptcy, has auctioned off the last of its heavily discounted Solana (SOL) tokens.
The post FTX Estate Sells Remaining Discounted Solana Tokens in Bid to Repay Creditors appeared first on Cryptonews
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 repayments could create ‘bullish overhang’ for crypto markets — K33 Research
16.5.2024
“Not all creditor repayments are bearish,” said K33’s analysts, noting FTX's cash payouts versus the crypto repayments from Gemini and Mt. Gox
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
MtGox set to distribute $500 million in assets to creditors by October 2024
14.5.2024
MtGox is on the way to deliver 142,000 Bitcoin (BTC) and 143,000 Bitcoin Cash (BCH), along with 69 billion yen, to creditors by October 31, 2024. For some time now, the company has put investors in an absolute quandary regarding its actual status. The company was officially established in 2010...
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...
FTX plan promises 118% cash payout to nearly all creditors
8.5.2024
FTX, the collapsed virtual currency exchange platform, promises to repay 98% of its creditors, with the amount owed improved by 118% within two months after getting the nod from the court. During the meeting on Tuesday, a revised plan was presented, which raises the prospects of financial recovery...
Most FTX Creditors to Receive Over 100% Repayment, Court Document Shows
8.5.2024
FTX is poised to repay nearly all its account holders fully, according to a reorganization plan presented in court. The bankrupt cryptocurrency exchange has raised about $15 billion mainly by selling investments from itself and its affiliate, Alameda Research. This fund will ensure payments of...
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