BlockFi Creditors Battle to Keep Their Details Secret

The legal tussle mirrors those already held for collapsed crypto lender Celsius and the FTX exchange. дальше »

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Judge Clears Binance.US Bid to Acquire Bankrupt Crypto Lender Voyager Digital

Coinspeaker Judge Clears Binance. US Bid to Acquire Bankrupt Crypto Lender Voyager Digital Voyager attorney said that the Binance. US deal is in the best interest of Voyager's creditors and would help them get their crypto back much faster. дальше »

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FTX Blew $40 Million On Meals, Private Jets, And Luxury Hotels In Less Than Nine Months Before Its Collapse

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Gemini's Cameron Winklevoss Calls for Barry Silbert's Ouster From Crypto Conglomerate DCG

Winklevoss, on behalf of Gemini, called for Silbert's removal for his involvement in the disagreement between Genesis and its creditors. дальше »

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Mt. Gox Trustee Pushes Back Creditor Registration Deadline

Mt. Gox will extend the registration deadline for rehabilitation creditors to March 10, 2023, bringing creditors one step closer to wholeness. The post Mt. Gox Trustee Pushes Back Creditor Registration Deadline appeared first on BeInCrypto. дальше »

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SBF Lost Billions But Won’t Let FTX Creditors Touch his Robinhood Shares in Latest Filing

Former FTX founder Sam Bankman-Fried's lawyers have filed an objection to protect their client’s Robinhood shares from FTX bankruptcy estate. The post SBF Lost Billions But Won’t Let FTX Creditors Touch his Robinhood Shares in Latest Filing appeared first on BeInCrypto. дальше »

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Mt. Gox repayments registration deadline pushed to March

Creditors of the defunct Bitcoin (BTC/USD) crypto exchange Mt. Gox will have to be a little bit more patient as they await repayments from the Rehabilitation Trustee. This is because the court has extended the deadline for the selection and registration of a creditor’s preferred repayment method, which include cryptocurrency, bank remittance and fund transfer. дальше »

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Crypto lender Vauld rejects Nexo’s final acquisition proposal

Disturbed digital asset lender Vauld and its committee of creditors (COC) have declined rival Nexo’s final acquisition proposal in concerns about its financial health difficulties. Nexo loses procurement talks On Jan. дальше »

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Bankrupt 3AC Founder Expects Genesis Bankruptcy, What Happens To Grayscale?

The DCG and Genesis debacle continue to wax strong and Grayscale Bitcoin Trust has taken some of the heat from this. The majority of the concerns have been raised around the ability of Digital Currency Group to be able to repay its debt to Genesis, which owes creditors a significant amount of money. Now, co-founder […] дальше »

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Core Scientific Gets $37.5M Loan to Stay Afloat; BlackRock Among Creditors

BlackRock Inc. has issued a $17 million loan to bankrupt Bitcoin miner Core Scientific to help it stay afloat during its bankruptcy process. The post Core Scientific Gets $37.5M Loan to Stay Afloat; BlackRock Among Creditors appeared first on BeInCrypto. дальше »

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Companies and investors may need to return billions in funds paid by FTX

Billions of dollars paid in the months leading up to FTX’s bankruptcy may be returned to pay the crypto exchange’s creditors, according to an insolvency attorney. дальше »

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Bahamas regulator is temporarily holding $3.5B FTX assets

Bahamas Securities Commission said it is temporarily holding FTX assets worth $3. 5 billion with plans to distribute them to the bankrupt firm’s creditors and customers, according to a December 29 statement. дальше »

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FTX creditors ask for names and info to be redacted from court filings

Several former FTX customers have asked for their names removed from court filings, according to a Wall Street Journal report on December 29. The post FTX creditors ask for names and info to be redacted from court filings appeared first on CryptoSlate. дальше »

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FTX customers file class-action lawsuit to get priority reparations

Customer class members don’t want to stand in line along the creditors of a failed crypto platform.

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Crypto Lender Nexo Canvasses Vauld Creditors Directly With Final Takeover Offer

In an open letter, the firm said earlier offers were misrepresented and it wanted to deal directly. дальше »

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Nexo Terminates Agreement to Acquire Fellow Crypto Lending Firm Vauld

Nexo, a Switzerland-based cryptocurrency lending firm, has terminated its potential plan to acquire Singapore-based crypto lending platform Vauld. Darshan Bathija, the Vauld founder and CEO, sent out an email today to the company’s creditors, stating that the firm’s deal with Nexo has unfortunately failed to materialize. дальше »

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56 Million Robinhood Shares to Get Liquidated as FTX Creditors Battle to Claim Ownership

Sam Bankman-Fried, BlockFi, and other creditors try to claim ownership over the 56 million HOOD stock. FTX urges the court to freeze the assets. The post 56 Million Robinhood Shares to Get Liquidated as FTX Creditors Battle to Claim Ownership appeared first on BeInCrypto. дальше »

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Bitcoin miner Core Scientific to access $37.5 million loan

Bitcoin miner Core Scientific has been granted access to obtain a $37.5 million loan from its creditors. The loan is supposed to allow the mining firm to temporarily carry on operations. дальше »

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FTX Investors’ Loss Is Wall Street Lawyers’ Gain

Professionals are charging upwards of $2,000 hourly wages against $12 million retainers as they attempt to restore funds to the million-odd creditors of Sam Bankman-Fried’s empire дальше »

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FTX Creditors Hire Law Firm Paul Hastings as Representation

Paul Hastings beat out multiple law firms that pitched to lead legal work in the bankruptcy proceedings. дальше »

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Sam Bankman-Fried made a fool of me, too

There is no shortage of people duped by disgraced FTX founder Sam Bankman-Fried. According to bankruptcy filings, FTX has over one million creditors, a staggering number but perhaps unsurprising given that the swiped sum is north of $8 billion. дальше »

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FTX creditors seek priority payout for $1.6B locked in custody wallets

A group of FTX customers seeking priority repayment of roughly $1. 6 billion locked in their custody wallet on the bankrupt FTX exchange, the Financial Times reported. The post FTX creditors seek priority payout for $1. дальше »

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Genesis, DCG Creditors Propose Plan to Resolve Liquidity Issues, Gemini Says

The creditor committee expects to hear from Genesis and DCG by the end of the week. дальше »

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Top 50 FTX creditors only account for $114M of unsecured claims out of billions lost

Tthe largest unsecured claim in the FTX bankruptcy case amounts to $36. 2 million and none of the top 50 creditors are considered “insiders. ” The total sum allegedly owed to the top 50 creditors is roughly $114 million. дальше »

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Why Binance US Will Acquire Voyager’s Assets And Take Over FTX

According to a press release, Binance US will buy Voyager’s assets as part of the bankruptcy proceedings. The company will seek legal approval for the purchase to “the value returned to customers and other creditors. дальше »

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Crypto Exchange Zipmex to Seek Creditor Support for Recovery Process: Source

The goal is to fully reactivate customer withdrawals once creditors have approved the plan in a vote. дальше »

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Crypto Miner Core Scientific Sees Stock Surge 200% on Creditor Offer to Fund Insolvency

Coinspeaker Crypto Miner Core Scientific Sees Stock Surge 200% on Creditor Offer to Fund Insolvency Core Scientific experienced a four-day stock surge after one of its creditors offered to pull it out of its financial mess. дальше »

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US DoJ names Genesis in FTX creditors committee

Crypto lending platform Genesis, along with popular crypto market maker Wintermute and others, will form the FTX creditors committee. Genesis and other FTX victims form the bankruptcy committee A court filing released today showed that the Justice Department had added… дальше »

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SBF pushes FTX restart idea by issuing FTT tokens to creditors

FTX former CEO Sam Bankman-Fried supports restarting the bankrupt exchange by issuing new FTT tokens to creditors and giving 100% profits to token holders. The post SBF pushes FTX restart idea by issuing FTT tokens to creditors appeared first on CryptoSlate. дальше »

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FTX reportedly gets 3 more months to stop all operations in Japan

Japanese authorities have postponed FTX Japan’s suspension deadline because the firm has so far failed to return assets from custody to creditors. дальше »

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Genesis Client Letter Suggests No Imminent Solution to Withdrawal Freeze

The institutional crypto brokerage has been in talks with creditors and potential investors since the collapse of exchange FTX. дальше »

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Relief for investors, 3AC founders receive subpoenas

Three Arrows Capital (3AC) founders now have to comply after a bankruptcy judge approved subpoenas allowing creditors to look for more assets to liquidate.  дальше »

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Gemini launches creditor committee to recover customers’ funds

Winklevoss twins have created a committee of creditors to reclaim Gemini’s funds from DCG and Genesis, who reportedly owe the exchange about $900 million. Cameron Winklevoss has revealed that Gemini, the crypto exchange he co-founded with his brother Tyler in 2014, has… дальше »

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Gemini formed an ad hoc committee to advocate for a solution for Earn users amid suspension of withdrawals

In order to resolve the ongoing issues and redeem funds for its earn users, Gemini has formed an ad hoc committee with other creditors. The post Gemini formed an ad hoc committee to advocate for a solution for Earn users amid suspension of withdrawals appeared first on CryptoSlate. дальше »

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Genesis Creditor Groups' Loans Amount to $1.8B and Counting: Sources

In addition to the previously reported group of Gemini customers owed $900 million, there are two other groups of Genesis creditors being represented by lawyers, CoinDesk has learned. дальше »

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Celsius Network finds some respite after Galaxy Digital acquires GK8  

Galaxy Digital bought GK8 from bankrupt Celsuis Network Galaxy to expand its company in Tel Aviv after acquisition In a relief to Celsius creditors, New York-based crypto investment firm GalThe post Celsius Network finds some respite after Galaxy Digital acquires GK8   appeared first on AMBCrypto. дальше »

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Genesis Creditors Hire Lawyers to Find Ways to Prevent Crypto Brokerage's Bankruptcy

Genesis is in talks with creditors and potential investors, Bloomberg News reports. дальше »

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Genesis Creditors Hire Lawyers to Find Ways to Prevent Crypto Brokerage's Bankruptcy: Bloomberg

Genesis is in talks with creditors and potential investors, Bloomberg News reports. дальше »

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BlockFi Has $10 Billion in Assets and Liabilities and 100,000 Creditors: Bankruptcy Filing

Cryptocurrency lender BlockFi and its eight affiliates have disclosed assets and liabilities worth $10 billion and 100,000 creditors in a Chapter 11 bankruptcy protection filed Monday in the United States Bankruptcy Court for the District of New Jersey. дальше »

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Alex Mashinsky suggests lawyers sue FTX to pay for Celsius hole

In a recent Twitter Space recording, Mashinsky was warming up to getting Celsius’ battery of lawyers to team up with their Unsecured Creditors Committee (UCC) counterparts and sue the collapsed crypto exchange. дальше »

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BlockFi’s recent filing mentions U.S. SEC among largest creditors

In a recent court filing, BlockFi listed the US Securities and Exchange Commission among its largest creditors. According to reports, the lender owes the SEC about $30 million. дальше »

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FTX gets approval to pay critical vendors, can redact creditors’ and customers’ list

The Bankruptcy Court for the District of Delaware has granted FTX approval for all its first-day motions, including paying critical vendors up to $8.5 million, a November 23 court filing shows. The post FTX gets approval to pay critical vendors, can redact creditors’ and customers’ list appeared first on CryptoSlate. дальше »

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Genesis Global Capital Confirms Hiring Investment Bank Moelis, Talks With Potential Investors

Genesis also started talks with its largest creditors and borrowers, including Gemini and DCG, to agree on a solution. дальше »

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FTX Bankruptcy Judge Says Creditor Information Can Be Redacted – at Least for Now

FTX creditors concerned about their names and other personal information being disclosed as part of the crypto exchange’s bankruptcy proceedings can breathe a sigh of relief – at least temporarily. дальше »

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Elon Musk Comments on What Truly Made FTX Fail

FTX owes its creditors more than $3 billion дальше »

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Sam Bankman-Fried's Crumbling FTX Empire Holds $1.2B Cash Reserves

The bankrupt crypto exchange FTX owes around $3.1 billion to its top 50 creditors. дальше »

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FTX Comes Clean And Admits That It Owes Over $3 Billion To Its 50 Biggest Creditors

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Bernstein Says Grayscale Bitcoin Trust Is Protected From Fallout at Sibling Company Genesis Global

If Genesis is forced to file for bankruptcy, creditors will have no claim on GBTC assets, the report said. дальше »

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FTX owes nearly $3.1B to creditors, lawyers warn about “Enormous Exercise”

Investors are curious as to when they will get their money from the now-defunct cryptocurrency exchange FTX. Unfortunately, insolvency attorneys have cautioned that it might take "decades. " The crThe post FTX owes nearly $3. дальше »

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Court filing shows that FTX owes top 50 creditors $3.1 billion 

According to circulating reports, FTX owes close to $3.1 billion to only its top 50 creditors. дальше »

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