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FTX creditors only getting ‘10-25% of their crypto back’ — Creditor
28.9.2024
Following the collapse of the FTX exchange, the FTT token collapsed by more than 80% and wiped away over $2 billion in customer value.
Celsius token surges 300% a month after $2.5B payment to creditors
24.9.2024
Celsius token skyrockets 300% a month after paying $2.5 billion to creditors, marking a strong rebound in the aftermath of its bankruptcy settlement.
Blockfi Receives $250M USDC Deposit, Sparking Hopes for Creditor Repayments
23.9.2024
Onchain data reveals that Blockfi, a now-bankrupt crypto lending firm, received a hefty $250 million deposit (1, 2) to one of its flagged addresses, as reported by Arkham Intelligence. The news was shared on X at 12:43 p.m. EDT on Monday. “Blockfi received $250M in USDC from Coinbase Prime...
Police Arrests Two People Related to $243M Crypto Heist Targeting Genesis Creditor
19.9.2024
Two people have been arrested following an investigation into a $243 million heist of a creditor of defunct trading firm Genesis, according to blockchain sleuth ZachXBT
SEC Warns FTX Over Legality of Crypto Asset Distribution in Chapter 11 Plan
2.9.2024
The U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its “crypto asset securities.” The SEC’s Senior Trial Counsel, Therese Scheuer, has reserved the right to challenge these transactions under federal securities laws. FTX’s Crypto...
US Trustee challenges FTX reorganization plan, citing legal concerns
25.8.2024
The objections raised by the US Trustee and the creditor group are likely to play a significant role in the court’s deliberations
FTX says creditors supported reorganization plan with a 95% vote
22.8.2024
FTX chief restructuring officer and CEO John Ray III said the plan promises 100% return plus interest for non-governmental creditors
Celsius Files Plan for Creditor Payment via Hyperwallet
19.8.2024
Celsius Network has disclosed that it intends to pay creditors through PayPal’s Hyperwallet. The move comes after the…
Here’s what happened in crypto today
8.8.2024
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation
Bitstamp Initiates Bitcoin Repayments to Mt. Gox Creditor
25.7.2024
Bitstamp Crypto Exchange has begun repaying Bitcoin to the Mt. Gox creditors. This development marks an end to over ten years of waiting since one of the largest crypto exchange hacks in history. Bitcoin Reparations Begin On July 25, Bitstamp announced it had received from the trustee all the funds...
Bitstamp starts Mt. Gox creditor repayments
25.7.2024
The announcement comes three days after the Mt. Gox Trustee executed the first test transactions on Bitstamp exchange
Bitstamp will begin Mt. Gox creditor repayments on July 25
24.7.2024
After a decade of waiting, Mt. Gox customers will find their crypto assets worth much more than when the exchange collapsed
Bitstamp will begin Mt. Gox creditor repayments on July 25
24.7.2024
After a decade of waiting, Mt. Gox customers will find their crypto assets worth much more than when the exchange collapsed
Mt. Gox shifts $2.5B in Bitcoin to unknown wallet, repayments top 40%
24.7.2024
Mt. Gox transferred 37,477 BTC to a new wallet, while data shows that 40% of creditor repayments have now been distributed
FTX and CFTC agree to $12.7B settlement, subject to court approval
17.7.2024
The US commodities regulator didn’t seek a civil monetary penalty, meaning the entire $12.7 billion would be used to pay back FTX’s creditors
FTX and CFTC agree to $12.7B settlement, subject to court approval
17.7.2024
The US commodities regulator didn’t seek a civil monetary penalty, meaning the entire $12.7 billion would be used to pay back FTX’s creditors
Mt Gox Funds Arrive at Kraken: Bitcoin and Bitcoin Cash Distributions Expected Soon
16.7.2024
According to a recent update from Kraken, the centralized cryptocurrency exchange has received funds from the Mt Gox trustee. Consequently, bitcoin (BTC) and bitcoin cash (BCH) payouts will be distributed to creditors’ accounts within 7 to 14 days. Kraken Confirms Receipt of Mt Gox Funds...
FTX Seeks Creditor Votes as Customers Object Repayment Plan
25.6.2024
Controversy and FTX, the defunct cryptocurrency exchange, have become two sides of the same coin since the course of its infamous bankruptcy claim. FTX is back in the headlines due to creditors’ dissension over the repayment plan set up by the exchange. According to a Reuters report, FTX...
Galaxy Digital’s Alex Thorn: Mt Gox Bitcoin Distributions Unlikely to Disrupt Market
25.6.2024
After a decade-long wait, creditors of the defunct Mt Gox exchange are set to receive in-kind distributions of bitcoin and bitcoin cash starting in July. The head of research from Galaxy Digital predicts the market impact of these distributions will be less severe than anticipated. Long-Term...
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...