Vauld Gets Three Month Moratorium From Singapore Court – Here’s What It Means For Creditors

Troubled Vauld obtained a three-month moratorium for the courts in Singapore as it hoped to put its house in order. The exchange’s 147,000 creditors are now barred from taking legal action against the company for the duration of the moratorium.

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Singapore High Court Grants Vauld 3-Month Moratorium

Troubled crypto lender Vauld has been granted three-month protection from creditors by the High Court of Singapore. The post Singapore High Court Grants Vauld 3-Month Moratorium appeared first on BeInCrypto.

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Vauld gets three-month moratorium from Singapore High Court for protection against creditors

Crypto platform Vauld, which halted customer withdrawals last month, has secured protection against creditors for three months from the Singapore High Court, Bloomberg News reported August 1. The post Vauld gets three-month moratorium from Singapore High Court for protection against creditors appeared first on CryptoSlate.

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First Mover Asia: Dissecting Three Arrows Capital's Fall; Ethereum Merge Spurs Continued Market Gains

Thanks to the transparency of court documents, the public knows how much the beleaguered crypto hedge fund owes different creditors; the second largest crypto by market cap has risen about 50% over the past week.

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Celsius Customers Could Wait Years to Access Funds 

The prospects of Celsius’ creditors recovering their funds from the exchange any time soon are looking slim, with parties advised to brace themselves for an extended tussle in court. The post Celsius Customers Could Wait Years to Access Funds  appeared first on BeInCrypto.

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Three Arrows Assets Ordered Frozen By Judge – How Much Deeper 3AC’s Trouble Can Get?

Three Arrows Capital just got itself in deeper trouble while the brains behind the company are nowhere to be found. The New York Southern Bankruptcy Court on Wednesday held an emergency hearing for creditors of the bankrupt crypto hedge company Three Arrows.

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Deribit is part of creditors that made 3AC liquidation calls

Three Arrows Capital (3AC) liquidation court filings show that Deribit was one of the creditors that pushed for the crypto hedge that made the liquidation move, Financial Times reported on July 1.

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150,000 bitcoins in question: Mt. Gox creditors to vote on draft compensation plan

Now defunct crypto exchange Mt Gox’s appointed trustee, Nobuaki Kobayashi, revealed that the Tokyo District Court has not found any grounds for disapproving a previously submitted draft rehabilitatiThe post 150,000 bitcoins in question: Mt.

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Court Approves MT Gox Rehabilitation Plan

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EY Heads to Court to Dispute the Value of Crypto From Bankrupt Exchange, QuadrigaCX

Ernst and Young (EY), the bankruptcy trustee for collapsed cryptocurrency exchange QuadrigaCX, plans to evaluate the company’s assets and settle disputes before disbursing creditors and users of the crypto exchange.

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Mt. Gox Creditors Could Get Bankruptcy-tied Bitcoin

The CoinLab arrangement enables creditors to claim up to 90% of the Bitcoin tied up in the defunct exchange’s bankruptcy, according to Bloomberg.   CoinLab to the rescue Creditors who accept the deal will receive early payments rather than waiting for several court cases associated with the bankruptcy to conclude.

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Mt. Gox Trustee Submits Rehabilitation Plan — Creditors May Soon Be Repaid 150,000 Bitcoins

Mt. Gox trustee Nobuaki Kobayashi has finally submitted a draft rehabilitation plan to a Japanese court — meaning former users of the long-defunct crypto exchange may now look forward to getting paid someday.

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Mt. Gox Rehabilitation Plan Deadline Postponed, Yet Again, for Two Months

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.

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150,000 Bitcoin Coming Back to Mt. Gox Creditors in 10 Days; Will BTC Price Drop?

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.

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Cryptopia ruling favors cryptocurrency account holders over creditors

Account-holders of failed cryptocurrency exchange Cryptopia have new hope following a judgment made by a New Zealand High Court that deems crypto assets are ‘property’, that was owned by individual account holders on the platform.

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Mt. Gox Deadline Extended Again After Creditors Criticize Refund Proposal

Mt. Gox's bankruptcy trustee is holding off on filing a civil rehabilitation plan to the Tokyo District Court after creditors took issue with it.

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Cryptopia liquidators recover US$7M as case heads back to court

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.

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QuadrigaCX Victims are Losing Patience Awaiting Answers and Refunds from Miller Thomson and EY

QuadrigaCX shut down in January 2019, following the death of CEO Gerald Cotten. Court documents indicate that the creditors are potentially owed $190 million ($250 million CAD). QuadrigaCX entered liquidation not long ago, aiming to return funds that were owed to their customers.

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Judge for QuadrigaCX Case Approves $1.6 Million in Fees to Be Paid in Retribution to Affected Firms

In the long case of QuadrigaCX, there are many creditors and firms that have been seeking retribution from the now-defunct exchange. In an effort to reconcile these funds, Nova Scotia Supreme Court Judge Darlene Jamieson approved over $1.

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QuadrigaCX CEO Faked Crypto Trades, Indulged Millionaire Lifestyle with Customer Funds

By CCN Markets: Gerald Cotten, the CEO of the Canadian crypto exchange QuadrigaCX whose death is the reason for $190 million of missing funds and a bankrupt company, had transferred user funds to his personal accounts to use them as security for margin trading, a report by Ernst & Young revealed.

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Cryptopia Suits Gather Steam as Another Failed Exchange Is Bound for Court

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.

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Tokyo Bitcoin Trustee Gains Court Extension for Mt Gox Crypto Rehabilitation

By CCN. com: The Mt. Gox trustee, who is in charge of distributing what remains of Mt. Gox’s assets to claimants, also known as “creditors,” put in for an extension on the filing deadline, which would have been today.

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Mt. Gox Is Automatically Filing Unregistered Creditors for Reimbursement

If you’re a creditor in Mt. Gox’s civil rehabilitation case, the defunct exchange may have automatically filed and approved a reimbursement claim for you — provided that your Mt.

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QuadrigaCX Starts Bankruptcy Proceedings

It’s been a long and winding road with many twists and turns for the beleaguered cryptocurrency exchange QuadrigaCX and its 115,000 former users who are owed roughly $190 million.

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Founder of Mt. Gox Creditors Cooperative Resigns, Says Settlement Could Take Years

Four days ago, news. Bitcoin. com reported on the April 3 notice to Mt. Gox creditors from the court’s civil rehabilitation trustee Nobuaki Kobayashi. Now a disclosure stemming from the founder of Mt.

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QuadrigaCX saga continues as cryptocurrency exchange moves to bankruptcy

QuadrigaCX, the cryptocurrency exchange which owes its customers $134 million in cryptocurrency following the unexpected death of its founder, is moving into bankruptcy proceedings. The company’s request to move into bankruptcy was approved by a Canadian Supreme Court yesterday.

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With Months of Court Hearings Behind Them, QuadrigaCX Enters Bankruptcy

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 […]

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Mt. Gox Creditors Have a Second Chance to Appeal Claim Decisions

According to the official Mt. Gox website, creditors of the now defunct bitcoin exchange have one last chance to dispute their claims. The civil rehabilitation trustee, Nobuaki Kobayashi, has also explained the details surrounding the court’s decision to approve or disapprove filed claims.

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Cryptocurrency exchange QuadrigaCX should declare bankruptcy, EY says

Defunct cryptocurrency exchange QuadrigaCX’s should enter bankruptcy proceedings in a bid to minimize costs and facilitate the recovery of assets for creditors, according to a report by Ernst & Young (EY), its court appointed monitor.

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In Fourth Report, QuadrigaCX Court Monitor Recommends Bankruptcy Proceedings

QuadrigaCX monitor Ernst & Young suspects that the beleaguered exchange’s late CEO, Gerald Cotten, may have been financing personal expenditures with company funds, and it is now recommending that the assets in Cotten’s estate be placed under a preservation order.

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QuadrigaCX Update: Exchange’s Legal Representatives Form Creditors Committee

Law firms Miller Thomson and Cox & Palmer have appointed a new committee to aid them in representing close to 115,000 customers of the now defunct Canadian cryptocurrency exchange QuadrigaCX. This according to a court notice published March 19, 2019.

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As QuadrigaCX Legal Case Progress Continues, Law Firms Appoint a Steering Committee for Creditors

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, […]

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Mt. Gox readies to pay back creditors five years after hack

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.

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QuadrigaCX CEO Widow Demands $225,000, Draws Ire of Investors Who Lost $150 Million

Jennifer Robertson, the widow of Gerald Cotten, the CEO of Canada’s biggest crypto exchange QuadrigaCX, has requested for reimbursement of $225,000 in court fees. Robertson, who initially filed an affidavit with the Supreme Court of Nova Scotia to reveal the death of CEO Gerald Cotten and the loss of over $150 million in crypto and cash by QuadrigaCX, reportedly claimed she had spent $225,000 to secure QuadrigaCX protection from creditors.

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QuadrigaCX granted another extension to find lost $134M in cryptocurrency

QuadrigaCX, the Canadian cryptocurrency exchange embroiled in an ongoing mystery about the disappearance of $134 million in customers’ funds, has been granted an extension on its 30-day order for creditor protection.

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QuadrigaCX Is Still Looking For The Millions Of Crypto Assets Missing, Earning Another Court Extension

QuadrigaCX Is Still Looking For The Millions Of Crypto Assets That They’ve Lost, Earning Them Another Extension In Court QuadrigaCX’s court case for the retribution of funds to consumers has gone on for months, and they have already been granted a 30-day stay to protect them from creditors as they find the funds hidden amongst […]

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Widow of QuadrigaCX CEO Denies Hiding Assets from Crypto Creditors

Jennifer Robertson, one of QuadrigaCX's two officers, asked a court to put a restructuring specialist in charge of the exchange.

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QuadrigaCX and the Million Dollar Questions: What We Do and Don’t Know

QuadrigaCX Exchange’s founder, Gerald Cotten, passed away more than two months ago, and with his death, the keys to the exchange’s cold storage allegedly went to the grave with him.

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Judge Chooses Representative Counsel for QuadrigaCX Creditors

Justice Wood has appointed legal counsel to represent some 115,000 creditors in incipient legal proceedings against seemingly insolvent cryptocurrency exchange QuadrigaCX, documents published today, February 19, 2019, from the Halifax, Nova Scotia court reveal.

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QuadrigaCX CEO Widow Sells Estate Assets, Reportedly Places Others in Trust

Jennifer Robertson, the widow of the late QuadrigaCX exchange CEO, appears to be liquidating and shuffling some estate assets. When QuadrigaCX founder and CEO Gerald Cotten passed away suddenly in December of 2018 in India, he was allegedly the only person with the knowledge of the exchange’s cold storage keys.

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Canadian Supreme Court Judge Delays Outcome For Quadriga Creditors Legal Representation

It looks like the QuadrigaCX case, which you may remember as the Canadian crypto exchange whose CEO died and went with all the money from the clients to his grave, is far from over. Now, Nova Scotia Supreme Court Judge Michael Wood, a Canadian judge which is on the case, has declined to name any […]

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Judge Delays Decision to Appoint Legal Counsel for QuadrigaCX Creditors

A group of lawyers from some of Canada’s top law firms convened in a court in Halifax, Nova Scotia, today to secure the right to represent creditors in the ongoing QuadrigaCX litigation.

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Supreme Court Will Decide On Law Firms That Will Represent QuadrigaCX’ Creditors Today

CoinSpeaker Supreme Court Will Decide On Law Firms That Will Represent QuadrigaCX’ Creditors Today According to EY, the representative counsel should be specifically tasked with communicating with creditors and advocating on their behalf over any issues that might appear.

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The Race to Represent QuadrigaCX’s Creditors May Be Decided Today

Law firms jockeying to represent users of QuadrigaCX will appear before a Canadian court Thursday to see which teams get the nod.

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As the Case Against QuadrigaCX Progresses, Creditors Fight for Top Priority

The QuadrigaCX trading platform has been struggling for a while, only to be amplified by the death of former head Gerald Cotten. Much of the court discussions have surrounded the laptop of Cotten, which allegedly contains access to cold wallets and more that could reimburse creditors for what they’ve lost. In fact, at least for […]

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Amid Court Proceedings, Widow of QuadrigaCX’s Founder Attempts to Protect Properties from Creditors

QuadrigaCX has frequently been in the news lately for their court proceedings, which has been a discussion on the ways that creditors will receive the funds that the platform has no access to. In December, the founder of QuadrigaCX passed away as a result of Crohn’s disease, and his widow, Jennifer Kathleen Margaret Robertson, has […]

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QuadrigaCX Gets Temporary Reprieve From Creditors as $180M ‘Floating Around’

QuadrigaCX, the embattled Canadian Bitcoin exchange, yesterday obtained a temporary reprieve from its creditors. Meanwhile, the matter of the over $260 million worth of “lost” cryptocurrencies “held” by the exchange remains unresolved with conflicting details emerging from various sources.

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Cryptocurrency exchange QuadrigaCX given 30-day lifeline to find ‘lost’ $134M

Troubled cryptocurrency exchange QuadrigaCX has been granted an order for creditor protection by a Canadian supreme court. The court-issued order means QuadrigaCX will have 30 days of initial protection from its creditors to allow it to come up with a ‘Plan of Arrangement’.

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Court Grants QuadrigaCX Bankruptcy Protection

Today, February 5, 2019, a court in Nova Scotia, Canada, granted bankruptcy protection under the Companies’ Creditors Arrangement Act (CCAA) to the embattled Vancouver-based cryptocurrency exchange QuadrigaCX.

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