In the FTX bankruptcy saga, a significant claim has been reassigned to a single creditor, streamlining proceedings but raising concerns for smaller creditors. Lack of transparency adds to apprehensions amidst FTX's turbulent downfall. Meanwhile, co-founder Sam Bankman-Fried maintains innocence amid prison sentence.
Xu LinFTX has made progress in its plan to repay creditors, but many details still need to be negotiated.
JinseFinanceFTX plans full creditor reimbursement, leveraging crypto market gains for up to 118% repayment. Swift disbursements and asset liquidation demonstrate commitment to stability and accountability, setting a precedent for digital finance recovery.
EdmundCelsius Network plans to unstake its Ethereum holdings to aid creditor distribution amid ongoing restructuring after a liquidity crisis. Shifting focus to crypto mining, the company aims to recover while navigating legal challenges, marking a transformative phase in its evolution.
JoyPublishing the names of potentially 9 million users of the crypto exchange could endanger privacy, the company had argued.
CoindeskThe creditor committee expects to hear from Genesis and DCG by the end of the week.
CoindeskIn addition to the previously reported group of Gemini customers owed $900 million, there are two other groups of Genesis creditors being represented by lawyers.
CoindeskHodlnaut is one of the latest companies struggling with insolvency issues. The crypto winter of the year gave a terrible ...
BitcoinistHodlnaut, a cryptocurrency lender and borrower based out of Singapore has recently filed an application for judicial management. This shall ...
BitcoinistThe amount is likely understated as many of 3AC's borrowing details remain confidential.
Cointelegraph