A comprehensive list of the creditors to whom the defunct cryptocurrency exchange FTX owed money has been made public. This list reveals the involvement of a wide variety of businesses and government ...
Tag: Creditors
New Court Documents Show Apple, Netflix, Binance and Coinbase Among Creditors Owed Money by FTX
New court documents reveal that collapsed crypto exchange FTX owes money to a slew of marquee businesses, including Apple and Netflix. FTX, which went bankrupt in November, allegedly owed billions of ...
New FTX Leadership Says Reimbursement to Creditors May Take Two Years
There is hope for FTX creditors, but according to sources, the recovery process could take up to 2 years. The new FTX CEO has filed evidence to show the discovery of almost two-thirds of lost funds. T...
Select Celsius Network Creditors to Receive Compensation Soon
U.S. Bankruptcy Judge Martin Glenn has ruled that Celsius creditors who deposited funds after the lender filed for bankruptcy can soon withdraw their money. Glenn’s ruling stipulates that those withdr...
Celsius Floats Possibility of Debt Token to Repay Creditors; Secures Court Approval to Process Customer Withdrawals – Bitcoin News
The defunct crypto lender Celsius is exploring the possibility of creating a debt token to repay creditors. The plan would need to be approved by regulators, but if approved by the trustee and financi...
Digital Surge creditors agree to 5-year repayment plan following FTX exposure
Australia-based crypto exchange Digital Surge creditors agreed to a rescue plan to pay them over five years from the firm’s quarterly net profits, according to Business News Australia (BNA) report. D...
Celsius Plans to Pay Creditors with a Bankruptcy Crypto Token
Celsius may issue a Bankruptcy Crypto Token to overcome its problems. Bloomberg reports that the bankrupt cryptocurrency lending platform Celsius Network LLC is proposing a way out of its current circ...
Celsius Proposes “Recovery Corporation” to Repay Creditors
The legal team of the bankrupt cryptocurrency lending firm Celsius Network LLC announced on Tuesday that the company is working on reinventing itself as a new, publicly traded “recovery corporation,” ...
Bankrupt Crypto Lender Genesis Owes Over $3,800,000,000 to Firm’s Largest 50 Creditors
New documents reveal that embattled crypto lender Genesis owes billions of dollars to its 50 largest creditors. In recent voluntary bankruptcy filings, the crypto firm divulges that it owes $3.8 billi...
Genesis Owes Over $3.5B to Top 50 Creditors
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Here’s How Much Genesis Owes Creditors Like Gemini, Mirana, VanEck and Others
Arman Shirinyan Bankruptcy of Genesis was most likely inevitable, but lack of reaction from market is concerning One of the most feared bankruptcies on the market happened: Genesis filed for bankruptc...
Creditors Take Issue With Genesis’ Sloppy Bankruptcy Filing
Two of Genesis’ creditors have taken issue with the crypto lender’s “sloppy” bankruptcy filing. Mirana and Cumberland have accused the crypto lender of including inaccurate and misleading information ...
Crypto lender Genesis just filed for bankruptcy. Here are the biggest creditors
After weeks of standoffs with customers and regulators, the lending arm of the crypto firm Genesis filed for Chapter 11 bankruptcy late on Thursday night. Genesis, which is part of Barry Silbert’s Dig...
Genesis in hot water as it owes over $3.5 Billion to its top 50 creditors – Cryptopolitan
Genesis has accrued a staggering $3.5 billion debt that it owes to its top 50 creditors, as revealed in its Chapter 11 bankruptcy filing. According to the filing, Genesis’s biggest debt is $765.9 mill...
Genesis owes more than $3.6 billion to top 50 creditors
Genesis Global, which filed for bankruptcy protection in New York late Thursday, owes more than $3.6 billion to its top creditors. After filing for Chapter 11 bankruptcy protection in the U.S. B...
Genesis creditors back Winklevoss promissory note claim as possible bankruptcy looms
Genesis Global Capital labeled a $1.1 billion promissory note from parent Digital Currency Group as a current asset in conversations with creditors, bolstering the appearance of a stronger balance she...
Genesis Could File For Bankruptcy After Failing to Satisfy Creditors
Genesis Global Capital is reportedly laying the groundwork for a potential bankruptcy after several unsuccessful talks with creditors. The crypto lending arm of Genesis Trading could file for voluntar...
Genesis creditors negotiating prepackaged bankruptcy: Sources
Genesis Global Capital creditors are negotiating a prepackaged bankruptcy plan with the firm, two sources familiar with the talks told The Block. Creditors like the Winklevoss twins’ Gemi...
FTX Cleared to Sell LedgerX, Other Assets to Repay Creditors
A judge overseeing the FTX bankruptcy proceedings has given the crypto exchange permission to sell off some of its assets in order to repay creditors. The assets that will be sold include the CFTC-reg...
Crypto Lender Hodlnaut Faces Liquidation by Creditors
Beleaguered crypto lender Hodlnaut faces liquidation after key lenders rejected a proposed restructuring plan, amid a probe from Singapore authorities. The group of creditors, including the Algorand F...
Hodlnaut Creditors Demand Liquidation Over Restructuring Plan
11 hours ago | 2 mins read Defi News An application to remove the temporary judicial managers was denied at a hearing. In August 2022, Hodlnaut stopped processing withdrawals due to lack of liquidity....
Hodlnaut creditors favor liquidation for company
Creditors involved with the Singaporean crypto lender Hodlnaut have stated that liquidation will serve them better than a restructuring plan. Hodlnaut creditors want liquidation, not restructuring Ac...
Hodlnaut creditors reject the restructuring plan, prefer liquidation
The Singapore-based crypto lender Hodlnaut is looking at a possible liquidation as the firm’s creditors have rejected the proposed restructuring plan and seek liquidation of the platform’s assets. The...