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News Aggregator

News Aggregator

7 months ago
Failed crypto lender Genesis will return about  $3bn to creditors — parent loses out DLNews 18 May 2024

Failed crypto lender Genesis will return about $3bn to creditors — parent loses out

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.

FTX Repayments Could Spark Crypto Market Surge, Says K33 Research Coinpedia 16 May 2024

FTX Repayments Could Spark Crypto Market Surge, Says K33 Research

K33 Research analysts predict a bullish crypto market trend driven by FTX's repayment of at least $14.5 billion to creditors.

8 months ago
FTX Announces Full Customer Reimbursements, But The Real Winners May Surprise You Bitcoinist 09 May 2024

FTX Announces Full Customer Reimbursements, But The Real Winners May Surprise You

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.

FTX (FTT) Leverages Surplus Cash for Bankruptcy Victims Repayment: A Strategic Crypto Move Coinotag 08 May 2024

FTX (FTT) Leverages Surplus Cash for Bankruptcy Victims Repayment: A Strategic Crypto Move

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.

Mt. Gox Creditors Begin Receiving Updates on $9 Billion Bitcoin Repayment Coinpedia 23 Apr 2024

Mt. Gox Creditors Begin Receiving Updates on $9 Billion Bitcoin Repayment

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.