After four years stuck in bankruptcy limbo, Sears Holdings and its creditors have reached a settlement with former Chief Executive and majority shareholder Eddie Lampert and other investors, clearing ...
Tag: Creditors
Bankruptcy Claims Traders Have Begun Offering Creditors of Embattled Crypto Firms a Lifeline
Wall Street credit traders specializing in bankruptcy claims are offering customers of bankrupt crypto firms some of their money back. But there’s a catch: creditors must relinquish rights to their c...
Celsius CEO under fire as Committee of Creditors, DFPI implicate him
The Committee representing customers affected by Celsius’ bankruptcy has issued a mission statement as it seeks further investigation into CEO Alex Mashinsky for allegedly misleading the public. Unsec...
Singapore High Court Grants Crypto Lender Vauld Temporary Protection From Creditors – Bitcoin News
Singapore-based Vauld will have some breathing space after the country’s High Court gave its parent company creditor protection for the next three months. The decision comes as the troubled crypto len...
Court grants Coinbase-backed Vauld 3-month protection from creditors
Troubled cryptocurrency lending platform Vauld has been given a brief reprieve from creditors after the Singapore High Court granted it a three-month moratorium on Monday. According to a Bloomberg art...
Crypto lender Vauld granted three-month protection from creditors
Embattled crypto lending platform Vauld has been granted a short period of reprieve from creditors after being given a three-month moratorium by the Singapore High Court on Monday. Its initial reques...
Crypto Lender Vauld Granted 3-Month Protection from Singapore Court against Creditors
Singapore High Court has granted distressed crypto lending firm Vauld a three-month moratorium to continue exploring options on how it can repay its creditors. The latest legal action from the court a...
Vauld gets three-month moratorium from Singapore High Court for protection against creditors
Crypto platform Vauld, which halted customer withdrawals last month, has secured protection against creditors for three months from the Singapore High Court, Bloomberg News reported Aug. 1. Vauld’s pa...
Zipmex files for protection against creditors in Singapore
Troubled South Asian crypto exchange Zipmex has filed for protection against creditors in Singapore as it faces a liquidity crunch. Announcing the news on Wednesday, Zipmex said its solicitors Morgan ...
Zipmex Files for Bankruptcy Protection, Seeking Moratoriums from Third Party Creditors
Singapore-based crypto trading platform Zipmex has halted some of its core activities in response to its partner Celsius Network and Babel Finance’s financial woes, which it has exposed. Reporte...
Founders of Bankrupt Three Arrows Capital Emerge From Unknown Location As Creditors Seek $2,800,000,000: Report
The founders of a troubled crypto hedge fund have reportedly reappeared after leaving their creditors high and dry with a multi-billion dollar bill for over a month. According to a new report by Bloom...
Benzinga CEO revealed as one of the unsecured creditors of Voyager Digital
The CEO of Benzinga, a media company providing crypto-related news, will be on the unsecured creditor committee in the bankruptcy case for Voyager Digital. These recent court filings reveal that Jason...
Vauld Files for Protection Against Its Creditors, Restructuring in the Pipeline – crypto.news
Vauld has requested a moratorium order against its creditors. The protection will prevent a total freeze of operations and assets liquidation for the firm, while also allowing it to focus fully on its...
Crypto Lending Firm Vauld Owes Creditors Over $400 Million
20 mins ago | 2 mins read Defi News $34 million is apparently owing to Vauld’s biggest individual retail creditor. Based on court records and an affidavit, Vauld possesses $287.7 million. Singapore-b...
Embattled Crypto Lender Vauld Owes Over $400 Million to Creditors: Report
Vauld, a Singapore-based cryptocurrency lending and exchange platform, owes a total of $402 million to its creditors, as reported by The Block. Of this amount, $363 million, or about 90%, was reported...
Benzinga CEO Jason Raznick Among Bankrupt Voyager’s Largest Creditors, Court Documents Show
Jason Raznick, CEO of media company Benzinga, has been named to the unsecured creditor committee in the Voyager Digital bankruptcy case, according to a recent court filing. In chapter 11 bankruptcy pr...
Crypto lender Vauld seeks protection against creditors: Report
Singapore crypto exchange Vauld Group is seeking a moratorium against its creditors — a move that would give the troubled lender more time to restructure its business after collapsing asset prices imp...
Crypto lender Vauld files for protection from creditors as Nexo waits in the wings
Vauld, the crypto lender backed by Peter Thiel, has filed for protection from creditors based in Singapore. The move comes after the company suspended all customer withdrawals from its platform. Nexo ...
Cryptocurrency lender Vauld applies for protection against creditors
Vauld, a Singapore crypto exchange, has moved to file protection from its lenders in Singapore. The move to get a moratorium would give the lender some breathing space to restructure. The firm has bee...
By The Numbers: Breaking Down The $3.5B 3AC Owes To Creditors
Three Arrows Capital (3AC) had been the largest crypto fund in the space before its eventual crash back in July. The fund, which supposedly held billions in assets, had been revealed to be in massive ...
Bankrupt Three Arrows Capital Owes $3.5B to Creditors, Including $2.3B to Genesis
Three Arrows Capital (3AC) owes a whopping $3.5 billion to 27 different companies—including Blockchain.com, Voyager Digital, and lender Genesis Global Trading—according to court documents. The details...
Three Arrows Capital (3AC) Owes $3.5B to Creditors as per Documents
Recent court documents of embattled crypto hedge fund 3AC show that the company owes $2.3 billion to Genesis Asia Pacific, one of the largest lenders. As per the recent documents, more than 30 compani...
Kyle Davies’ wife and Su Zhu are both creditors in the 3AC bankruptcy
Three Arrows Capital (3AC) co-founder Su Zhu and the wife of co-founder Kyle Davies are both among creditors that lent money to the collapsed hedge fund. Zhu lent the firm just over $5 million accord...
Three Arrows Capital creditors lent bankrupt fund $3.5 billion, court documents show
Collapsed crypto hedge fund Three Arrows Capital (3AC) owed 27 crypto companies $3.5 billion, according to court documents published today by 3AC’s liquidators. The largest creditor on the list ...
Su Zhu Amongst Creditors Files $5m Claim against His Own Firm: Sources
Su Zhu, the co-founder and CEO of bankrupt Three Arrows Capital (3AC), is reportedly amongst the creditors that filed claims against the embattled crypto hedge fund. This news was shared by a Twitter ...
It Won’t Be Easy for Creditors to Untangle Three Arrows Case, Singapore Lawyer Says
“To the Singapore courts, how the relationship between [the BVI, U.S., and Singapore entities] is described on the companies’ website or publicity materials would not matter,” Lin said. “The real test...
Crypto Hedge Fund Bosses’ Whereabouts Are Unknown, Say Creditors Seeking Billions of Dollars in Debt
The whereabouts of Three Arrows Capital (3AC) founders Zhu Su and Kyle Davies are currently unknown, according to creditors trying to seek payment on large unpaid loans. According to court documents, ...
Creditors Claim Three Arrows Capital Founders Gone Missing!
3 hours ago | 2 mins read Defi News Three Arrows moved for Chapter 15 bankruptcy at the end of June. Liquidators sent by the court could not access the company’s Singapore headquarters. A filing by ad...
150,000 BTC Could Flood The Market As Mt Gox creditors Set To Receive Repayment
The specter of Mt. Gox returned to haunt the markets, with the prospect of 150,000 BTC flooding the market as the attorney appointed as the Trustee in the Mt. Gox rehabilitation process all but confir...