Genesis, approved for a $3 billion payout to creditors, covers 77% of claims, excluding Digital Currency Group (DCG). Genesis filed for bankruptcy in 2023 after losses from Three Arrows Capital and FTX collapses. DCG's exclusion follows a repayment plan, resolving a $620 million lawsuit.
Huang BoXRP faces liquidations totaling $1.32 million, predominantly affecting long positions. Market sentiment remains bearish, reflected in declining trading volume and open interest. Despite challenges, experts anticipate a bullish trajectory, advocating for accumulation as XRP trades at around $0.6.
EdmundGenesis seeks court approval to liquidate $1.6 billion in Grayscale Trust assets amidst bankruptcy, aiming to mitigate risks and maximize creditor returns amid market volatility.
BrianFTX, the troubled cryptocurrency exchange, abandons plans for revival, opting for liquidation to repay customers after failed negotiations. Despite pricing controversies, FTX strives for full repayment, prompting scrutiny from the UK crypto community and underlining the need for regulatory safeguards.
JoyEvergrande faces a critical liquidation hearing tomorrow, backed by key bondholders seeking to dissolve the debt-ridden giant. Uncertainty looms over share trading and asset sale, raising concerns about market impacts and potential repercussions for the broader construction industry.
SanyaTeam Liquid pioneers a transformative alliance with Illuvium, engaging in NFT collaboration and esports integration, marking a significant stride in the intersection of mainstream esports and Web3 gaming.
JasperHodlnaut creditors said they would prefer the company undergo liquidation after rejecting a restructuring proposal.
BeincryptoThe move, granted by a British Virgin Islands court in November, allows officials to seek restructuring advice.
CoindeskThe Ethereum co-founder had reportedly received about 5,000 ETH before making the deposit into Uniswap, where he swapped ETH for USDC.
BeincryptoSingaporean law offers temporary protection against any legal proceedings and claims, which the company believes would provide a breathing space to focus on its recovery plan.
Cointelegraph