Kraken’s handling of Bitcoin payouts for Mt. Gox creditors has led to significant dissatisfaction due to verification issues. While the exchange insists that these issues are due to account standards, the slow response from customer support has compounded user frustration.
Xu LinIn 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 LinThese long-awaited reimbursements will be financed through the sale of Mt. Gox's remaining assets, including 142,000 BTC, 143,000 BCH, and 69 billion yen (about $625 million)
Davin
Coinlive Genesis creditors said the request raises various concerns for the committee as previous intercompany transactions are being investigated.
CryptoSlateBankrupt crypto broker Genesis has filed details on how it will pay back its creditors.
decryptA judge overseeing the FTX bankruptcy proceedings has given the crypto exchange permission to sell off some of its assets in order to repay creditors.
decryptHodlnaut creditors said they would prefer the company undergo liquidation after rejecting a restructuring proposal.
BeincryptoThe legal tussle mirrors those already held for collapsed crypto lender Celsius and the FTX exchange.
CoindeskHodlnaut is one of the latest companies struggling with insolvency issues. The crypto winter of the year gave a terrible ...
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