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Genesis bankruptcy plan revised for orderly wind down and asset liquidation

Crypto lender Genesis Global Capital filed an amended Chapter 11 bankruptcy plan on Wednesday, Oct. 25, to resolve outstanding claims and interests of creditors. The amended plan results from extensive negotiations between Genesis, the Official Committee of Unsecured Creditors, crypto exchange Gemini, and the Ad Hoc Group of Genesis Lenders. дальше »

2023-10-25 10:48


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FTX Customers Warned of Deceptive ‘Priority Withdrawal’ Scam Via Phony Emails

FTX users have been placed on high alert as a deceptive priority withdrawal scam targeting them has recently come to light.  On Friday, Sunil, a prominent advocate for FTX creditors, took to the X platform to warn account holders about this phishing scheme and urged them to exercise caution when encountering suspicious emails. “FTX Creditors […] дальше »

2023-10-23 11:29


FTX Moves Toward 90% Settlement For Creditors, Here’s The Timeline

After thorough investigations, reports have revealed a significant amount of funds missing from FTX customer assets. Following this, FTX Trading Ltd and its associated list of debtors have come together to propose a settlement that would see the majority of lost crypto and financial assets refunded back to customers. FTX Customers Set To Regain Lost […] дальше »

2023-10-17 18:00


Celsius Commits To Massive Crypto Repayment: $2 Billion To Creditors By 2023’s End

Celsius Network, a bankrupt digital asset lender, has revealed plans to begin repaying creditors using billions of dollars in crypto assets before the year’s end.   The company presented a restructuring plan, outlined in a recent filing to a US bankruptcy court, which aims to generate funds for a new corporate spinoff known as “NewCo” and facilitate customer repayments. дальше »

2023-10-5 05:00