Search
Celsius creditors vote in favor of reorganization plan
26.9.2023
The majority of Celsius creditors have voted in favor of a plan that will see approximately $2 billion worth of Bitcoin and Ethereum returned to creditors
FTX Unveils Reorganization Strategy, Proposing ‘Offshore Crypto Exchange’ and New Trust
1.8.2023
In the midst of the bankruptcy proceedings, FTX presented its primary reorganization strategy and term sheet to the U.S. bankruptcy court, detailing an ambitious plan to reinvent FTX as an “offshore crypto exchange” while also founding a new limited liability trust. At this time, the proposed...
Celsius seeks to convert alts to Bitcoin and Ether under reorganization plan
15.6.2023
The crypto lender has proposed converting all its altcoin holdings into Bitcoin and Ethereum to quell growing regulatory concerns and maximize the value of its assets
Crypto Lender Genesis Amends Reorganization Plan as Mediated Talks Continue
13.6.2023
The updated plan from mediated discussions with parent company DCG reflects “substantial agreement” on several key issues
DCG Fails to Make $630M Payment to Creditors Amid Genesis Negotiations, Says Gemini
23.5.2023
In the midst of the financial dispute between crypto exchange Gemini and Digital Currency Group (DCG), Gemini has alleged that DCG failed to make a payment of around $630 million that was due last week. In response, Gemini has stated that it may extend “forbearance” to DCG in order...
BlockFi Sent Out Reorganization Plan ‘Prematurely,’ Court Orders Them Withdrawn
23.5.2023
Bankruptcy cryptocurrency lender BlockFi took back statements it made earlier this month about a plan to reorganize which it said was done “prematurely.”
BlockFi released a “corrective letter to creditors” on Friday, directed by the court, asking them to disregard certain statements posted to...
Crypto Lender BlockFi Ordered to Withdraw Unapproved Reorganization Plan Shared 'Prematurely'
22.5.2023
The bankrupt estate was ordered to issue a corrective letter clarifying its May 13 disclosure statement was not approved by court
Compute North’s Reorganization Plan Approved by Bankruptcy Judge
16.2.2023
The hosting firm, one of North America’s largest, settled $250 million in secured debt and settled with about 11 companies
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...
Bankrupt Crypto Lender Celsius Files Motion to Extend Submission Time for Reorganization Plan
10.11.2022
The bankrupt lender filed the motion so that it has more time to submit its reorganization plan
Celsius Lays Out Mining-Focused Reorganization Plan at First Bankruptcy Hearing
19.7.2022
Bankruptcy proceedings for Celsius have officially begun – and the odds that depositors will get their money back look slimmer than ever