Tag: Creditors

Celsius Network to Unstake ETH Holdings to Pay Back Creditors

The now-defunct cryptocurrency lending platform Celsius Network declares to its 243,000 social media followers that as part of preparing for the asset preparation...

Mt. Gox Repays First Round of Creditors: Report

The trustee in charge of the Mt. Gox crypto bankruptcy estate has reportedly started repaying victims of the exchange’s hack in 2014. Several...

FTX Puts Final Touches on Bankruptcy Plan to Pay Back Creditors

FTX Trading Ltd. has nearly completed its journey through bankruptcy. It recently revealed a proposal aimed at returning billions to its customers and...

Bankrupt FTX Creditors at Risk of Phishing Attacks

FTX creditors are in the crosshairs of phishing attackers, who promise swift withdrawals for trapped assets left after the exchange’s last November collapse....

FTX Debtors Negotiate the Upgrade of Certain Creditors

FTX Debtors have agreed to a new Customer Shortfall Settlement following months of negotiations with FTX’s Committee of Unsecured Creditors, an ad hoc...

Gemini Claims DCG Is Baiting And Gaslighting Creditors

Cryptocurrency exchange Gemini maintains its criticism of Digital Currency Group’s (DCG) bankruptcy plan, asserting that it is attempting to entice its creditors into...

Digital Currency Group (DCG) and Genesis Creditors Reach a Deal

In a pivotal moment that could recalibrate the financial future of the crypto sector, Digital Currency Group (DCG) has inked an in-principle deal...

Gemini Sues DCG, Genesis For Massive ‘Fraud Against Creditors’

Gemini, the cryptocurrency exchange founded by the wealthy Winklevoss brothers, has filed a legal complaint against Digital Currency Group (DCG) and its CEO...

BlockFi Creditors Committee Accuse CEO Zac Prince of Fraud

BlockFi’s Unsecured Creditors’ Committee (UCC) has initiated court proceedings accusing BlockFi CEO Zac Prince for defrauding customers and engaging in excess while delaying...

FTX Clawback Progress Brings Hope for BlockFi Creditors

Customers of the bankrupt crypto lender BlockFi are one step closer to recovering at least some of their assets. In a tweet on Saturday,...

Zipmex Investor Plans to Return Only 10% of Funds to Creditors

Zipmex investors propose returning only 10-20% of funds to creditors as the Asian exchange’s deadline for creditor protection expires on April 23. According to...

Zipmex Buyer Misses $1M Payment as Creditors Await Hearings

Asian crypto exchange Zipmex faces liquidation after an investor missed a monthly payment. Venture capital firm V Ventures failed to make a $1.25 million...

Vauld Creditors Frustrated as Court Extends Moratorium

The Singapore High Court has granted bankrupt crypto exchange Vauld until March 24, 2023, to develop a new plan to reimburse creditors after...

Voyager Creditors Go After SBF and Other FTX Executives

Representatives of unsecured creditors for Voyager Digital have subpoenaed former FTX CEO Sam Bankman-Fried (SBF) and other top executives of the bankrupt crypto...

DCG Creditors Bail Genesis Out of Possible Bankruptcy

Digital Currency Group (DCG) appears to have avoided possible bankruptcy as its sister firms, and Genesis subsidiaries, have reached an agreement with creditors...

FTX Creditors Includes Shadow Banks With Waning Influence

Traditional finance history and crypto industry commentary suggest that crypto will be more prone to macroeconomic factors in 2023, even as the credit...