Alameda Research, amidst its bankruptcy, has transferred millions of Polygon (POL) tokens, sparking sell-off concerns as the token value surged 35% this week.
FTX outlines a timeline for distributing $16 billion to customers and creditors, expected to start in early 2025. The process involves setting up accounts with distribution agents and completing KYC verifications. FTX's token, FTT, has surged following the announcement, though it's still far below its peak value.
FTX plans for its restructuring to take effect in January 2025, with creditor payments starting by March. Their Chapter 11 reorganization is complete.
Rhodium Enterprises has filed for Chapter 11 bankruptcy due to a steep decline in hashprice, a key measure of mining profitability. The company faces significant financial challenges and requires restructuring. This situation reflects the pressure on mining companies globally amidst a volatile market.
The SEC raises legal concerns over crypto asset distribution in FTX's Chapter 11 bankruptcy plan. Creditors face critical decisions, though many customers are expected to recover their full investments.
Terraform Labs has launched a new Shuttle Bridge interface to redeem wrapped assets on Terra Classic, open for 30 days post Chapter 11 plan implementation.
Terra Luna Classic has set an August 21st deadline for filing claims related to crypto losses. This is for participating in the Chapter 11 bankruptcy voting process scheduled later this year.
Terraform Labs sets August 21, 2024, as the deadline for filing Preliminary Crypto Loss Claims under the Chapter 11 Plan.
Terraform Labs gets court approval to reopen Shuttle Bridge amid Chapter 11 proceedings, aiding users in asset redemption.
Genesis has reimbursed $2.2 billion in cryptocurrency to users of the Gemini Earn lending program after obtaining approval from a New York bankruptcy judge for their Chapter 11 plan.
Genesis Global, a cryptocurrency lender, has had its Chapter 11 liquidation plan approved by U.S. Bankruptcy Judge Sean Lane, enabling the return of around $3 billion to creditors.
Genesis Global gets court approval to repay creditors about $3b in crypto and cash during its Chapter 11 bankruptcy case.
Genesis, a bankrupt crypto lending firm, gains court approval to distribute $3B in assets and cash to creditors under its Chapter 11 repayment plan.
U.S. Bankruptcy Judge Sean Lane approved Genesis Global's Chapter 11 plan, allowing the crypto lender to repay around $3 billion to customers amid bankruptcy proceedings, despite objections from Digital Currency Group.
Genesis Global secured court approval for a Chapter 11 repayment plan, allowing the distribution of Bitcoin and other cryptocurrencies to creditors.
FTX plans to repay creditors up to $16.3 billion, potentially balancing market dynamics and ushering in a bullish market in the second half of 2024.
FTX Trading Ltd. has filed an amended plan of reorganization, marking a major step towards financial recovery for its creditors following Chapter 11 bankruptcy.
