Genesis, a bankrupt crypto lender, will repay approximately $3 billion to its creditors, but its corporate parent, Digital Currency Group, will not receive any funds.
Coinotag
53 minutes ago
Genesis Global has received court approval to distribute Bitcoin and Ethereum to its creditors as part of its bankruptcy recovery plan.
Bitcoinhaber
1 hour ago
Genesis Global, a bankrupt crypto lending firm, received court approval for a crypto distribution plan to its creditors, aligning with similar actions by FTX.
Coinotag
1 day ago
FTX customers are embroiled in complicated bankruptcy proceedings, facing challenges despite market recovery potentially boosting payouts.
Bitcoinist
2 days ago
FTX's bankruptcy case offers hope with increased payouts due to crypto market surge, yet customers remain dissatisfied with the complexity of the recovery process.
Coinotag
2 days ago
FTX suggests a recovery plan offering full repayment with interest to creditors after its 2022 bankruptcy, targeting a fundraise of up to $16.3 billion amidst backlash.
Cointelegraph
2 days ago
FTX's move to transfer its bankruptcy claim from FTX EU Ltd. to FTXCREDITOR, LLC may substantially affect involved stakeholders.
Coinotag
2 days ago
Ryan Salame, an ex-FTX executive, is seeking an 18-month sentence for his involvement in FTX’s fraudulent activities, emphasizing his cooperation with authorities and expressing remorse for his actions.
Coinotag
6 days ago
Core Scientific reports a substantial net income for Q1 2024, marking a strong recovery post-bankruptcy, signaling a robust cryptocurrency market.
FTX's latest bankruptcy plan features the term "quintillion" hinting at the massive scope of the proceedings.
Coinotag
1 week ago
Crypto lending firm Genesis plans to sell $33.6 million in altcoins through Gemini to prevent market dumping amid its bankruptcy proceedings.
Coinpedia
1 week ago
Bankrupt crypto firms FTX and Alameda Research are selling $97M worth of altcoins, including Solana, as part of debt repayment. The massive liquidation could impact the altcoin market and investor sentiment.
Coinotag
1 week ago
FTX, the bankrupt crypto exchange, holds billions in assets exceeding creditor claims. The bankruptcy estate projects distributable proceeds of $14.5 billion, surpassing losses.
Coinotag
1 week ago
Bankrupt exchange FTX has announced plans to fully reimburse customers and creditors, including compensation for the time value of their investments.
Bitcoinist
1 week ago
FTX, the bankrupt crypto exchange, has unveiled a repayment plan to fully reimburse creditors and customers, including compensation for investment time value, with unexpected parties emerging as the primary beneficiaries.
Cointelegraph
1 week ago
Core Scientific, a Bitcoin mining company, reported $150 million in revenues with a gross margin increase from 26% to 46% in the first quarter of 2024 post-bankruptcy.
Coinotag
1 week ago
FTX, the bankrupt crypto exchange, plans to use its $16 billion in cash to repay 2 million customers affected by its collapse in November 2022.
Coinotag
1 week ago
FTX plans to pay creditors over 100% of claims with an expected $14.5-$16.3 billion for distribution. Small creditors will benefit first, potentially boosting confidence in FTX's FTT token.
Coinotag
1 week ago
FTX's bankruptcy estate reveals potential compensation for creditors and customers between $14.5B-$16.3B, but FTT token holders may get nothing. NFT assets from Solana are expected to be restored to claimants.
Coinotag
1 week ago
FTX, a cryptocurrency exchange that filed for bankruptcy, announced it has gathered ample funds to reimburse all customer losses and possibly more, benefiting from a robust rally in cryptocurrency markets.
Bitcoinist
1 week ago
FTX, the bankrupt cryptocurrency exchange, announces plans to repay creditors and customers fully, with generous compensation for the time value of their investments.
Coinpedia
1 week ago
FTX's revised bankruptcy plan, featuring an exculpatory clause limiting legal action against certain parties, has drawn criticism from the crypto community.
The Block
1 week ago
FTX creditors stand to recover up to 118% of their losses according to the platform's bankruptcy plan, positively impacting secondary market trading.
Coinpedia
1 week ago
FTX Trading Ltd. has filed an amended plan of reorganization, marking a major step towards financial recovery for its creditors following Chapter 11 bankruptcy.
Coinotag
1 week ago
FTX, amidst bankruptcy, has achieved a settlement that promises full compensation for creditors, assuring a minimum of 118% of their validated claims.
Coindesk
1 week ago
FTX's new reorganization plan proposed paying 98% of creditors 118% of their claims in cash within 60 days after court approval.
Bitcoinhaber
1 week ago
FTX has settled with creditors after filing for bankruptcy, promising full compensation despite current market uncertainties, including Bitcoin's volatile prices.
Coinotag
1 week ago
Bankrupt FTX exchange and Alameda Research have transferred $8.3 million in FTT tokens, causing speculation among creditors about their future compensation.
Coinotag
1 week ago
Former Cred executives are indicted for wire fraud following the company's 2020 bankruptcy, raising concerns over the integrity of the crypto lending platform industry.
Coinpedia
2 weeks ago
Former Cred executives, including Daniel Schatt, face indictment over wire fraud and financial mishandling charges after the defunct crypto lender Cred filed for bankruptcy with liabilities up to $500 million, amid allegations of mismanaged funds and risky lending practices.
Coinpedia
2 weeks ago
Three ex-Cred executives, including co-founder Daniel Schatt, face indictments for wire fraud and mismanagement amidst the company's 2020 bankruptcy, involving $100-$500M liabilities and risky lending practices.
Bitcoinist
3 weeks ago
Pantera Capital won an auction for 2,000 SOL tokens from FTX's liquidation, highlighting its commitment to Solana.
Decrypt
3 weeks ago
FTX's bankrupt estate liquidated part of its $2.6 billion Solana holdings, selling more SOL tokens to Pantera Capital.
Bitcoinhaber
3 weeks ago
Following the bankruptcy of JPEX, a crypto exchange, Hong Kong authorities froze over $29 million in assets and made arrests related to the collapse.
Coindesk
1 month ago
Creditors of the bankrupt crypto lender Celsius have received their dollars back, yet understanding the tax implications remains complex, according to Koinly's Michelle Legge.
Coinpedia
1 month ago
Crypto influencer Kenn Bosak warns that Bitcoin miners could face bankruptcy if the cryptocurrency trades below $80K, especially as the Bitcoin halving approaches and mining difficulty is at an all-time high.
Cryptonews
1 month ago
FTX has agreed to release $445 million to bankrupt Voyager to aid in reimbursing its creditors.
Cryptonews
1 month ago
South Korean youth are increasingly facing debt due to cryptocurrency investments, with some being forced into bankruptcy, according to recent data.
Bitcoin.com
1 month ago
FTX has sold a significant amount of solana (SOL) for $1.9 billion, despite some being vested tokens, leading to creditor scrutiny over the discounted sale.
The Block
1 month ago
FTX CEO John J. Ray III's hourly pay of $1,575 was revealed in a recent court document as the FTX bankruptcy case continues.
Ultramining
11 months ago
Celsius Network, despite bankruptcy, has increased Bitcoin mining rig deployment by 18% and revenue by 31% in April 2023, leading to a record high of $8.4 million. The firm's restructuring efforts include maximizing mining operations, which saw a notable improvement in margins and revenue per Bitcoin.
Coinotag
17 hours ago
Bitcoin.com
16 hours ago
Bitcoinist
11 hours ago
Coinotag
19 hours ago
Coinotag
8 hours ago
Bitcoinhaber
3 days ago
Coinotag
4 days ago
Coinotag
3 days ago
Coinotag
6 days ago
Cointurk
1 day ago
