The Mt. Gox Investment Fund, the biggest creditor of the bankrupt bitcoin (BTC) exchange, has announced that it will not sell the coins it will receive later this year. According to reports on March 9...
Tag: Creditor
Mt. Gox’s largest creditor plans to retain Bitcoin payout which means..
Bankrupt crypto-exchange Mt. Gox’s largest creditor will not sell the BTC it will receive in September BTC holders have been worried about selling pressure emanating from a market dump Mt. Gox Investm...
Major Bitcoin Sell-Off Averted? Mt. Gox’s Largest Creditor Makes Up Its Mind
Alex Dovbnya Mt Gox Investment Fund has reportedly chosen to receive early payout in Bitcoin According to a recent report by Bloomberg, Mt Gox Investment Fund, which purchased claims against the crypt...
Vauld Scores Another Creditor Protection Extension From Singapore High Court
Distressed crypto lending platform Vauld was granted another period of extension of creditor protection from the Singapore High Court until March 24, during which the company will work out revival pla...
Vauld gets yet another creditor protection extension until March 24
Published 40 minutes earlier on Asian crypto lender Vauld received a further extension to its legal protection from creditors at a Singapore High Court hearing on Monday — albeit a shorter delay than ...
Major Mt. Gox Creditor Opts for Early Payout, Signaling Potential Shift in Progress
Join Our Telegram channel to stay up to date on breaking news coverage What – Mt. Gox, a popular crypto exchange, went bankrupt due to a hack that crippled its financial standing. Why – The exchange a...
The top Mt. Gox creditor chose to have an early payout in BTC
The largest creditor to Mt. Gox made the decision to get their payment in Bitcoin (BTC) sooner rather than later, passing up the opportunity to receive an even higher sum. According to reports, the la...
Mt. Gox top creditor goes with early payout option: Report
The top Mt. Gox creditor chose to have an early payout in Bitcoin (BTC), deciding against waiting longer for an even larger payment. Mt. Gox Investment Fund, the largest creditor of the defunct crypto...
Genesis creditor reveals new proposed restructuring plan that will see creditors getting back
According to information provided by a Genesis creditor, the most recent suggested restructuring plan between Genesis, Digital Currency Group, and creditors would result in creditors receiving at leas...
DCG Creditor Pact Revealed With Plan to Sell Genesis Trading Unit as Part of Bankruptcy
“Under the settlement, DCG would contribute that entity, [Genesis Global Trading], to [Genesis Global Holdco] … that will happen on the effective date,” O’Neal said. “In ...
Voyager creditor requests trustee to take control of the firm’s estate
A voyager creditor, Michelle DiVita, is reportedly calling for a Chapter 11 trustee to seize the bankrupt firm’s estate. DiVita also accused Voyager Digital of misinforming the public about the compan...
Voyager creditor files Motion for Chapter 11 trustee
A Voyager creditor — Michelle D. DiVita — filed a motion to appoint a Chapter 11 trustee in the Voyager Digital Holdings, Inc., et al. bankruptcy case, according to court filings. In DiVita’s prelimin...
Celsius’ Official Creditor Committee Denies Rejected Bids
There have been rumours circulating that the bids for Celsius’ crypto assets have been turned down, however the attorney who represents the official creditor committee for Celsius has refuted su...
Goldman Sachs: We Are Not an FTX Creditor
Documents filed Wednesday in Delaware’s US Bankruptcy Court list thousands of potential FTX creditors, though lawyers said the names within the documents are not necessarily significantly tied to the ...
What the FTX creditor matrix does — and doesn’t — tell us about the exchange’s bankruptcy
FTX filed a massive creditor matrix in bankruptcy court this week, naming law firms, luxury restaurants, media outlets and state government agencies as creditors that may be owed money by the troubled...
Goldman Sachs denies being FTX creditor
Goldman Sachs recently claimed not to be part of the FTX creditors listed on the 115-page court document presented by FTX lawyers on Jan. 25. The document listed thousands of creditors, including gove...
FTX Creditor Records Airlines, Charities, and Tech Companies Indulged in Bankruptcy
An entire list of creditors who have taken money from the collapsed exchange platform FTX has been issued; disclosing a multitude of firms and government bodies indulged in its bankruptcy. On January...
BlockFi Creditor Committee Advisor Reveals $1.2B Exposure to FTX, Alameda Research
The now-bankrupt crypto lending firm BlockFi has reportedly more than $1.2 billion in assets linked to FTX and Alameda Research, the two companies founded by the fallen crypto mogul Sam Bankman-Fried....
Genesis eyes fast resolution to creditor disputes and bankruptcy exit in May
A lawyer for bankrupt crypto lending firm Genesis is optimistic the firm can resolve its creditor disputes as early as this week and the company could come out of Chapter 11 proceedings by late May. G...
Genesis Could Be Out of Bankruptcy in May 2023: Quickly Resolving Creditor Disputes
Genesis filed for Chapter 11, Bankruptcy, on January 19, 2023. Citing FTX collapse, they had halted withdrawals since November 2022. With assets in hand, they are positive about solving the creditor ...
Genesis Lawyer Has ‘Some Measure of Confidence’ in Creditor Resolution This Week
Sean O’Neal, a lawyer representing the bankrupt crypto broker Genesis, said there’s “some measure of confidence” the firm would resolve its disputes with creditors this week, per a Reuters...
Genesis Believes Creditor Disputes Can Be Resolved This Week: Report
One of the latest big names in crypto to go under, Genesis, filed for bankruptcy on the 20th of January. However, unlike other high-profile cases, the company’s asset book doesn’t look that bad. In fa...
Crypto Lender Genesis Global Capital Is FTX’s Largest Unsecured Creditor
The names and information of most of the other top 50 creditors remain redacted, but the 12th-largest unsecured creditor is listed as Hong Kong-based crypto trading firm Pulsar Global Ltd., with a cla...
Vauld’s Creditor Protection Extended: Singapore Court’s Response to Failed Nexo Deal
Creditor protection is extended for cryptocurrency lender Vauld until February 28. In comparison to the requested April 21, the extension is shorter. The Singapore Court recently extended creditor pro...
Genesis Bankruptcy Filing Imminent as Creditor Negotiations Stall: Reports
Crypto lender Genesis, a wholly owned subsidiary of Digital Currency Group (DCG), is on the verge of filing bankruptcy after negotiations between the troubled firm and creditors have failed to move fo...
Crypto Lender Vauld Gets Yet Another Creditor Protection Extension
8 hours ago | 2 mins read Defi News Initially, the protection was ruled to continue until the 7th of November in 2022. Vauld has been given an additional month to come up with a strategy. According to...