creditors
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Regulation
Bankrupt Genesis Global Launches $4,000,000,000 Crypto and Cash Payout to Creditors
A subsidiary of Barry Silbert’s Digital Currency Group (DCG) that collapsed during the last crypto winter has started repaying its…
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Scams
FTX Creditors Hit Crypto Exchange’s Legal Counsel With Lawsuit Over Fraud and Civil Conspiracy Allegations
Creditors of bankrupt crypto exchange FTX have filed a class-action lawsuit against a global law firm providing legal counsel to…
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Scams
Regulators Investigating Collapsed Crypto Firm That Owes Creditors $58,000,000 After Going Bust in 2021: Report
Australian securities regulators are investigating Blockchain Global after a report connected two of its directors to previous crypto schemes. The…
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Scams
FTX Values Claims of Creditors Based on Prices of Digital Assets During Collapse of Exchange
Recent court documents indicate FTX’s creditors’ digital asset claims will be based on the near-bottom crypto prices at the time…
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Regulation
Failed Crypto Lender Celsius To Create New Company for Creditors as US Judge Approves Bankruptcy Plan
A US judge has approved a bankruptcy plan for a crypto lender that filed for bankruptcy in July 2022 after…
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Altcoins
Celsius creditors vote in favor of reorganization plan
contributor Posted: September 26, 2023 Creditors would receive approximately $2 billion in crypto assets from the insolvent crypto lender. Celsius…
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Regulation
U.S. SEC Agrees To Scrap $30,000,000 BlockFi Fine Until Bankrupt Crypto Lender Pays Its Creditors
The U.S. Securities and Exchange Commission (SEC) has decided to allow bankrupt crypto lender BlockFi to prioritize its creditors over…
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Bitcoin
Mt. Gox Says Repayment To Creditors Will Be Completed By October 2023
Mt. Gox’s Trustee has concluded the process to register its creditors ahead of repayment. The Trustee will make preparations and…
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Bitcoin
Mt. Gox Trustee Reminds Creditors To Submit Repayment Claims By Mar. 10
Summary: Mt. Gox rehabilitation trustee Nobuaki Kobayashi reminded creditors to file registration claims before the Mar. 10 deadline. The deadline…
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Regulation
Babel wants to repay creditors via special ‘recovery coins’: Report
Babel Finance, one of many cryptocurrency lending firms shaken by the bear market of 2022, is exploring new restructuring opportunities…
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