2023-9-14 18:58 |
The U.S. Secret Service kept millions on the exchange, company lawyers told a bankruptcy court – but other creditors have been strangely reluctant to ask for their funds back. origin »
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Crypto exchange FTX can sell and invest its crypto holdings to pay back creditors, a judge in the U.S. Bankruptcy Court for the District of Delaware ruled Wednesday.
2023-9-14 20:41 | |
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Genesis Global Trading avoided Genesis bankruptcy earlier this year. Genesis is currently trying to raise funds to pay back its creditors. Genesis’ parent company DCG came to its rescue and reached an in-principle agreement with creditors.
2023-9-6 21:04 | |
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FTX now trying to see if it can get Galaxy Digital to oversee what is left of its crypto bags before it is given back to creditors
2023-8-25 16:54 | |
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The committee of unsecured creditors criticized the bankrupt estate's reorganization plan submitted to court in July.
2023-8-10 15:08 | |
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Collapsed crypto exchange FTX is now going after executives of its European subsidiary in a bid to recover $323 million. In a lawsuit filed in a US bankruptcy court in Delaware, the exchange claims it overpaid to acquire its European branch while accusing Sam Bankman-Fried and other company Insiders of mismanaging funds from creditors and […]
2023-7-14 16:00 | |
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It has now been seven months since FTX exchange filed for bankruptcy after a massive bank run and billions of dollars worth of user and creditor funds are still stuck on the platform. As the bankruptcy unfolds, the exchange seems to be bleeding even more money with none of it going back to creditors. So […]
2023-6-20 16:00 | |
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US Bankruptcy Judge Sean Lane has granted Genesis more time to submit a payout proposal, despite requests from FTX and other creditors for Genesis to pay back funds. FTX claims Genesis owes it $3.
2023-6-6 14:30 | |
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The FTX bankruptcy estate is seeking to claw back $3.9 billion from bankrupt crypto lender Genesis Global Capital. The estate will reportedly use the funds to repay its creditors and millions oThe post FTX bankruptcy estate seeks to claw back $3.9B from Genesis appeared first on AMBCrypto.
2023-5-4 15:30 | |
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The holding company needs access to the FDIC-locked funds in order to pay back its creditors and support its two external operations, says Kleinberg, Kaplan partner, Dov Kleiner.
2023-3-23 21:59 | |
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Before Genesis filed for bankruptcy, many of its creditors were confident that they would receive all or most of their money back.
2023-2-7 23:35 | |
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Digital Currency Group (DCG) appears to have avoided possible bankruptcy as its sister firms, and Genesis subsidiaries, have reached an agreement with creditors to avoid going under. The post DCG Fights Back as Genesis Rises From Possbile Bankruptcy appeared first on BeInCrypto.
2023-2-7 21:53 | |
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As part of attempts to recover settlement funds for many aggrieved creditors, FTX is reaching out to US politicians who may have financially benefitted from Sam Bankman-Fried’s generosity to return the money.
2023-2-6 15:53 | |
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Alameda Research's attempt to retrieve $446 million in loan repayments made to bankrupt Voyager Digital has been denied by both the creditors' committee and Voyager.
2023-2-1 14:56 | |
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Australian cryptocurrency exchange Digital Surge has been bailed out after creditors approved a long-term recovery plan.
2023-1-26 11:44 | |
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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.
2023-1-11 12:51 | |
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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.
2023-1-8 14:40 | |
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Bankrupt crypto lender Voyager’s plans to sell its assets to FTX US for $1.4 billion have so far gone relatively smoothly, but one major catch emerged on Wednesday – Voyager’s executives have included sweeping legal immunity for themselves in the proposed sale agreement.
2022-10-14 20:55 | |
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The biggest news in the cryptoverse for September 1 includes Michael Saylor disagreeing with allegations of tax avoidance, United States probing Binance over AML compliance since 2020, Celsius asking to return $210 million to creditors, and OpenSea supporting only NFTs on PoS post-merge.
2022-9-2 03:45 | |
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Wall Street credit traders specializing in bankruptcy claims are offering customers of bankrupt crypto firms some of their money back. The post Bankruptcy Claims Traders Have Begun Offering Creditors of Embattled Crypto Firms a Lifeline appeared first on BeInCrypto.
2022-8-10 22:30 | |
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“I just want my coins back. I'm tired of how long and drawn out it is," said one user claiming to be one of the 24,000 Mt. Gox creditors.
2021-10-8 20:15 | |
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The end of the Mt. Gox saga is nearing
2021-6-1 18:59 | |
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It’s been over six years, and Mt. Gox creditors are still not any closer to getting their BTC back. In the Tokyo District Court's latest announcement, the rehabilitation plan deadline has been postponed, yet again, from Oct.
2020-10-18 16:18 | |
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After being postponed several times, the hacked Mt. Gox Bitcoin will finally be sent to the rightful owners of those BTC in 10 days' time, i. e. , October 15, 2020. The last date of the rehabilitation plan was July, set in March this year by the Tokyo District Court.
2020-10-5 20:09 | |
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Mt. Gox has been back in the headlines a lot over recent weeks. The infamous (then-largest) Bitcoin exchange that was hacked in 2014 has yet to compensate its victims for the 850,000 bitcoins that were stolen.
2020-3-25 13:33 | |
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New Zealand based liquidator’s report shows over US$ 7M in recovered assets as the Cryptopia case heads back to court in February. Meanwhile, creditors are calling for the exhumation of the body of Quadriga founder Gerald Cotten.
2019-12-21 20:00 | |
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When cryptocurrency exchanges fail, a seismic shock shudders through the cryptosphere. With thousands of users, from traders to companies, left out of pocket, litigation is inevitable in a bid to claw back some of the losses.
2019-6-2 21:03 | |
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The issues with the QuadrigaCX platform have been well-publicized over the last few months, though the troubles date back to the beginning of last year. Creditors have remained somewhat hopeful that their funds would be magically discovered and returned to their wallets, but it doesn’t look like that is happening now. With no options left […]
2019-4-9 01:54 | |
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One of the first regulated cryptocurrency exchanges, Gatecoin, has officially been taken over by liquidators following a series of hacks and banking problems. In a document sent to creditors of the exchange late last week, the liquidators state that “all powers of the directors of Gatecoin have ceased and the directors no longer have any authority to deal with the assets and/or undertakings of Gatecoin.
2019-4-1 11:45 | |
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The problems amongst the QuadrigaCX platform date back over a year, but their most recent development is amongst the creditors. Law firms Miller Thompson and Cox & Palmer have created a commit on behalf of the 115,000 former customers of the platform, according to a court notice on March 19th. On a post on Wednesday, […]
2019-3-21 18:50 | |
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Troubled cryptocurrency exchange Mt. Gox is finally inching closer to settling its debt with creditors, some five years after it was hacked. According to new documents published by Mt. Gox‘s trustee Nobuaki Kobayashi (aka Tokyo Whale, as he’s known in cryptocurrency circles), a decision has been made with regards to creditor’s claims – they’ve been approved or disapproved – and the Tokyo District Court has been notified.
2019-3-21 15:32 | |
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The Mt. Gox exchange went under after a series of hacks and lawsuits in 2013 and 2014. These events led to the loss of approximately 850,000 Bitcoin (BTC). Since then, users who had their investments locked up at the exchange have been trying to get their funds back.
2019-2-9 16:26 | |
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Prominent cryptocurrency entrepreneur Brock Pierce is attempting to revive the defunct Mt. Gox exchange by submitting a single rehabilitation plan for creditors called Gox Rising. Back in 2014, the former CEO of Mt.
2019-2-8 18:55 | |
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A man known as “Tokyo Whale,” for the enormous amount of bitcoin he controls, confirms he unloaded another big chunk of it earlier this year. Nobuaki Kobayashi, the trustee of now-defunct Tokyo exchange Mt.
2018-9-25 19:54 | |
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The Mt. Gox saga keeps dragging on. The now defunct cryptocurrency exchange’s largest trustee, Nobuaki Kobayashi, has sold off another $230 million (26 billion yen) worth of Bitcoin. Kobayahsi – who is known as the “Tokyo Whale” in cryptocurrency circles – has been selling off the cryptocurrency since early March following the 10th creditors meeting, Bloomberg reports.
2018-9-25 16:09 | |
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Creditors of Mt. Gox, the defunct cryptocurrency exchange, can now start submitting proofs of claim in a newly approved rehabilitation process, according to an update posted on the exchange’s website.
2018-8-27 17:14 | |
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Back in February of 2014, the world’s largest and most accessible Bitcoin exchange at the time, Mt. Gox, had nearly a million Bitcoins stolen between its own holdings and those of its customers. Nearly half a decade later, Mt.
2018-8-24 21:00 | |
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The leading crypto exchange lost its status in February 2014 and turned into a bankrupt because of the 744,000 Bitcoin theft. The creditors do not lose hope to get their money back. The petition to reclaim the lost funds was started in November 2017, but the first repayments are expected in summer 2019.
2018-8-4 00:54 | |
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Creditors of the now disbanded Mt. Gox cryptocurrency exchange have made another step towards reclaiming their lost Bitcoin, following updates to a court ruling issued in June, first spotted by Coindesk.
2018-8-3 15:30 | |
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This week, leading South Korean crypto exchange Bithumb experienced a major hack, while Mt Gox, the most notorious exchange to be hacked in bitcoin history, is also back in the news.
2018-6-24 20:05 | |
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The Tokyo District Court has issued an order of the commencement of civil rehabilitation proceedings for Mt. Gox. As a result, the previously ongoing bankruptcy proceedings have been worked upon. Simultaneously with the order of the commencement of civil rehabilitation proceedings, an administration order was issued by the Tokyo District Court, today! Mt. Gox Creditors […]
2018-6-23 11:57 | |
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A new court ruling means creditors to the Mt. Gox cryptocurrency exchange stand a chance to get their lost funds back in their Bitcoin wallets. The Tokyo District court has permitted the company to move out of criminal bankruptcy and into civil rehabilitation, an Mt Fox.
2018-6-23 01:19 | |
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The Japan-based Mt. Gox exchange had its bankruptcy stayed due to a petition filed by some of the creditors for the commencement of civil rehabilitation proceedings in Tokyo District Court on November 24, 2017, and heard today, June 22, 2018.
2018-6-23 19:39 | |
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The filing alleges that FTX was already insolvent and the FTT tokens used in a share repurchase transaction were worthless, and therefore the transfer should be classed as fraudulent.
The costly meltdown of global exchange FTX is still settling big chunks of its bankruptcy drama, now securing about $228 million from Bybit to further feed the cash dispersal that was approved in court earlier this month.
Bankrupt cryptocurrency exchange FTX has proposed a new reorganization plan that would see a whopping 98% of its creditors get back 118% of their claims – in cash – within 60 days of court approval, according to new documents filed Tuesday evening.
AI firm Anthropic has blocked Saudi Arabia from engaging in the sale process of 8% of its shares — currently owned by defunct crypto exchange FTX, CNBC reported on March 22, citing people familiar with the matter.
John J. Ray III Fires Back Against SBF’s ‘Delusional’ Claims Customers Lost No Money in FTX Collapse
London-based investment firm Attestor Capital, a top holder of FTX bankruptcy claims, has filed suit against a FTX creditor who allegedly promised to sell the firm two FTX accounts, only to back out of the deal once the value of its claims skyrocketed.
Gemini told the New York Department of Financial Services it would return at least $1.1 billion to its Earn customers after Genesis Global Capital wraps up its bankruptcy process, according to NYDFS.