According to a court filing on Nov. 20, FTX Trading LTD owes its top 50 creditors over $3 billion USD. The document, which was submitted through the United States bankruptcy court for the district of ...
Tag: Creditors
FTX Owes Its 50 Biggest Unsecured Creditors More Than $3 Billion
(Bloomberg) — Sign up for our new Crypto newsletter and follow @crypto Twitter for the latest news. Most Read from Bloomberg Sam Bankman-Fried’s bankrupt crypto empire owes its 50 biggest unsecu...
FTX owes almost $3.1 billion to its top 50 creditors, filing says
Embattled cryptocurrency exchange FTX owes more than $3 billion to its top 50 creditors. A filing from its Chapter 11 bankruptcy protection proceedings on Saturday revealed the amount owed the u...
Bahamas Regulator Takes Action to Seize FTX’s Cryptocurrencies to ‘Protect’ Clients and Creditors – Bitcoin News
The Securities Commission of the Bahamas has ordered crypto exchange FTX to transfer its cryptocurrencies to a wallet controlled by the regulator. The “Urgent interim regulatory action was necessary t...
Over 1 Million Creditors Could Have Claims in FTX Bankruptcy
More than a million creditors could have claims against bankrupt exchange FTX, new court filings reveal. In a document submitted to bankruptcy court in Delaware, FTX’s lawyers argued for a modificatio...
FTX Creditors May Number Up to 1 Million
Besides the more than 200 affiliated companies FTX named in the bankruptcy filing last week, many creditors are likely to go out of business. The total number of creditors on the now-bankrupt FTX Der...
Fallen FTX Reveals Top Creditors on Friday
Insolvent cryptocurrency exchange FTX could have as many as one million investors who are seeking to recoup their losses. The Bahamian-based brokerage filed for bankruptcy after facing massive liquidi...
FTX bankruptcy filing speculates over 1M creditors
The FTX liquidation crisis turned bankruptcy saga continues as a recent filing reveals additional information on Sam Bankman-Fried’s leadership and the exchange’s final days. On Nov. 14, a new documen...
FTX Filing Reveals New Leadership, Could Have 1 Million Creditors
Bankruptcy proceedings against FTX are off to a delayed start, following the filing of its first-day motions yesterday. Required to formally commence proceedings, these documents describe the events l...
FTX could have over 1 million creditors, bankruptcy filing shows
FTX’s creditors across its many subsidiaries could be more than 1 million, details in court documents filed on Monday suggests. Sam Bankman-Fried’s FTX and its over 100 affiliate companies filed for C...
FTX Might Have More Than One Million Creditors According to an Updated Filing
Sam Bankman-Fried, the CEO of the bankrupt cryptocurrency exchange FTX, is probably one of the world’s most hated people right now. After being hailed as the savior of doomed projects, possible person...
FTX says could have over 1 million creditors in new bankruptcy filing
FTX logo with crypto coins with 100 Dollar bill are displayed for illustration. FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users. Jonatha...
Bankrupt crypto exchange FTX says it may have more than a million creditors
FTX, the crypto exchange founded by Sam Bankman-Fried that filed for bankruptcy last week, said it may may have more than a million creditors in a sign of how complicated this insolvency will be to un...
FTX’s New Leadership Is in Touch With Regulators, May Have Over 1M Creditors, New Filings Say
The document, filed to the federal court database system PACER late Monday, provided the first true glimpse of the crypto exchange’s last day prior to filing for bankruptcy and its first few day...
Bitcoin miner Iris Energy faces $103M default claim from creditors
According to a new filing with the U.S. Securities and Exchange Commission on Monday, Bitcoin (BTC) miner Iris Energy says it has received a default notice from mining rig manufacturer Bitmain Technol...
Celsius Creditors’ Lawyer ‘Looking Into’ Whether Firm Was a Ponzi Scheme: Report
A New York bankruptcy judge expanded the scope of the probe in the Celsius Network bankruptcy as the company’s customers demanded investigations into the crypto lender’s business operations, according...
One of The Celsius Creditors Committee Protests, Find Here Details
The official committee of unsecured creditors raised objection to the debtors’ (Celsius Network) motion. The following motion includes the entry of an order for permitting the sale of stablecoin in th...
Financially Distressed Core Scientific Owes $1 Billion To Creditors
Core Scientific, a major publicly traded crypto mining company in the U.S., on Friday raised the possibility of bankruptcy in a statement filed with the SEC (Securities and Exchange Commission). Block...
A Committee of Celsius Creditors Objects to Celsius Selling Its Stablecoin Cache – Bitcoin News
A committee of unsecured creditors stemming from the Celsius bankruptcy case has filed a motion with the court to stop the now-defunct crypto lender from selling the company’s stablecoin holdings. The...
Celsius Creditors Should Add All Claims on POC Form, Bankruptcy Expert Says – crypto.news
In a recent tweet, David Adler, a Bankruptcy asset recovery expert and lawyer, mentioned that Celsius investors should remember to add all their different claims on the proof of claim form. Instead of...
Celsius Creditors Fight to Stop $23M Stablecoin Sale
Celsius filed a motion to sell stablecoins in its treasury last month but a court is yet to approve it State regulators in multiple states have already filed objections over the potential sale Celsius...
Voyager urges creditors to vote yes on court-approved FTX sale
A bankruptcy judge in the Southern District of New York has approved Voyager’s plan to sell its assets to FTX, setting the stage for an upcoming creditor vote. Judge Michael Wiles signed the ass...
Vauld seeks another four months of protection against creditors
Troubled Asian crypto lender Vauld needs more time to sort out its financial problems, as the firm has applied for another four months of protection against creditors, according to court documents obt...
Voyager Digital’s Creditors Oppose Against Proposal to Provide Executioners with Legal Immunity.
Voyager filed its bankruptcy at the beginning of the second quarter of 2022. FTX won the auction for Voyager digital and purchased it for $1.4 billion. Since the last few months, the crypto market ...
Voyager [VGX]: Creditors oppose the immunity plan, details inside
Following the confirmation of FTX as the winner of the auction for the assets of bankrupt crypto brokerage Voyager Digital Ltd, its creditors have challenged the proposed plans to offer the company’s ...
Creditors Oppose Immunity From Future Bankruptcy Lawsuits Plans for Voyager Execs
Lawyers representing the Official Committee of Unsecured Creditors (UCC) of Voyager Digital have raised objections to sweeping legal immunity being planned for the firm’s senior executives. Last month...
Voyager Digital’s Creditors Push Back Against Plans to Provide Execs With Legal Immunity
Attorneys for the UCC describe a “Hobson’s choice” for Voyager’s creditors: to either support the sale agreement as-is and have a chance at getting their money back faster while allowing Voyager’s exe...
Hodlnaut Managers Release Circular to Creditors After Removal Plea
In an update on Oct. 12, the judicial managers of troubled crypto lender Hodlnaut released their sixth circular to creditors. In the update, the interim judicial managers refer to a previous applicati...
Mt. Gox Trustee Sets January 2023 As Deadline for Creditors To Register and Select Repayment Method
A trustee of defunct crypto exchange platform Mt. Gox is setting a date for creditors to register and choose their preferred reimbursement method. According to a recent company press release, those ow...
Venezuela’s U.S. Creditors Take Small Comfort From Sanctions Relief
Venezuela’s creditors welcomed its potential rapprochement with the U.S. but still face risks and uncertainties in collecting from the South American country’s bankrupt government as its relations wit...
Celsius creditors face fallout from U.S. bankruptcy disclosure process
Celsius filed a trove of documents this week containing users’ names and information about certain transactions, setting off a wave of concern among some creditors, despite the disclosure of such info...