Creditors

Posted by | December 13, 2023
Gemini creditors revolt over ‘brutal’ Bitcoin slashing reorg plan

Gemini Earn creditors are fuming over a proposed reorganization plan that could see their promised Bitcoin (BTC) payouts effectively slashed to about 30% of what they’re worth at current market...

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celsius-seeks-court-approval-to-start-repaying-customers-by-year-end
Posted by | October 2, 2023
Celsius seeks court approval to start repaying customers by year-end

The embattled crypto lender is seeking final court approval for a restructuring plan that will start repaying creditors before the end of 2023. 2060 Total views 14 Total shares Embattled...

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crypto-lender-blockfi-gets-court-nod-for-plan-to-repay-customers
Posted by | September 26, 2023
Crypto lender BlockFi gets court nod for plan to repay customers

The approval is seen as a milestone moment for BlockFi's 100,000-plus creditors, who have been long awaiting repayment. 1619 Total views 15 Total shares The customers of bankrupt cryptocurrency lending...

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blockfi-argues-ftx,-three-arrows-capital-aren’t-entitled-to-repayments
Posted by | August 22, 2023
BlockFi argues FTX, Three Arrows Capital aren’t entitled to repayments

BlockFi argues its creditors, not FTX’s, are the “ultimate victims” of FTX’s alleged fraud. 4020 Total views 40 Total shares Bankrupt cryptocurrency lender BlockFi is trying to block attempts by...

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ftx-seeks-to-claw-back-$460m-from-bankman-fried-backed-vc-firm
Posted by | March 22, 2023
FTX seeks to claw back $460M from Bankman-Fried-backed VC firm

While the funds represent a small portion of FTX’s overall asset shortfall, the settlement means the firms can avoid a costly legal battle. 1172 Total views 9 Total shares Own...

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genesis-creditors-to-expect-80%-recovery-under-proposed-restructuring-plan
Posted by | February 6, 2023
Genesis creditors to expect 80% recovery under proposed restructuring plan

Digital Currency Group (DCG) plans to hand its equity stake in Genesis’ trading arm to Genesis Global, which will then be sold, pending court approval. 4277 Total views 12 Total...

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ftx-resumes-paying-staff-and-contractors-after-weeks-in-limbo
Posted by | November 28, 2022
FTX resumes paying staff and contractors after weeks in limbo

Bankrupt crypto exchange FTX has announced it will be “resuming ordinary” cash payments, salaries and benefits to its remaining employees around the world.The announcement came from new FTX CEO John...

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