Celsius plans a second $127 million distribution to creditors amid mixed user reactions during its bankruptcy proceedings.
FTX plans for its restructuring to take effect in January 2025, with creditor payments starting by March. Their Chapter 11 reorganization is complete.
FTX is working on a legal settlement with former Alameda Research CEO Caroline Ellison regarding asset transfers to creditors. This settlement involves Ellison's commitment to relinquish certain assets, which may enhance asset recovery potential for creditors ahead of a November hearing.
FTX has settled with former Alameda Research CEO Caroline Ellison to aid creditors' asset recovery in bankruptcy proceedings.
FTX's repayment plan, recently approved by court, might return up to $17 billion to creditors. This development draws mixed reactions regarding its impact on the crypto value.
FTX token FTT surged by 27% due to false rumors of a $16 billion payout to creditors, trading at $2.07. The spike caught attention but remains risky due to FTX's ongoing bankruptcy.
FTX is allocating $230 million to shareholders while creditors will recover only 10% to 25% of lost assets.
FTX crypto holders left disappointed with a projected recovery of just 10-25%.
FTX plans to release $16 billion to creditors, which could potentially spark bullish trends in the cryptocurrency market.
FTX has agreed to a deal worth $14 million to retrieve more than $600 million in Robinhood shares, aiding its efforts to recover funds for creditors.
FTX has settled a $600 million dispute with Emergent Technologies over Robinhood shares, paying $14 million to cover expenses. This helps FTX recover more funds for creditors after the shares were liquidated for $606 million on September 1, 2023.
Celsius has distributed over $2.53 billion in cash and crypto to approximately 251,000 creditors, according to the bankruptcy administrator's first status report.
FTX's reorganization plan receives approval from 95% of creditors, marking a key milestone in its bankruptcy process.
Genesis completes restructuring and starts distributing $4 billion to creditors.
FTX estate auctions last Solana (SOL) tokens at a discount to pay back creditors.
A US bankruptcy court approved Genesis Global's liquidation plan to return $3 billion to its creditors, marking a turning point in the company's bankruptcy proceedings.
Genesis Global Capital has received court approval to begin a $3 billion repayment plan to creditors amid bankruptcy, with Digital Currency Group expecting no return from the plan.
Genesis, a bankrupt crypto lending firm, gains court approval to distribute $3B in assets and cash to creditors under its Chapter 11 repayment plan.
In an ongoing US cryptocurrency case, a bankrupt company is approved to distribute $3 billion to creditors.
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.
Genesis Global, a bankrupt crypto lending firm, received court approval for a crypto distribution plan to its creditors, aligning with similar actions by FTX.
Genesis Global secured court approval for a Chapter 11 repayment plan, allowing the distribution of Bitcoin and other cryptocurrencies to creditors.
FTX, the bankrupt cryptocurrency exchange, announces plans to repay creditors and customers fully, with generous compensation for the time value of their investments.
FTX creditors stand to recover up to 118% of their losses according to the platform's bankruptcy plan, positively impacting secondary market trading.
FTX Trading Ltd. has filed an amended plan of reorganization, marking a major step towards financial recovery for its creditors following Chapter 11 bankruptcy.
FTX, amidst bankruptcy, has achieved a settlement that promises full compensation for creditors, assuring a minimum of 118% of their validated claims.
FTX's new reorganization plan proposed paying 98% of creditors 118% of their claims in cash within 60 days after court approval.
Creditors of the defunct Mt. Gox Bitcoin exchange have started receiving updates on their portion of the $9 billion Bitcoin repayment, marking progress in the compensation saga.
Bitstamp begins repaying Mt. Gox creditors, marking a significant step forward in resolving the long-standing bankruptcy case.
