Tags: Bankruptcy

FTX denies Backpack’s claims of acquiring FTX EU, stating the court hasn’t approved the sale or authorized fund distribution to creditors.

BitGo and Kraken have been tapped as distribution agents, helping to disburse recovered funds to FTX’s retail and institutional claimants.

Gemini Earn customers are getting all of their Bitcoin back – and it’s worth a lot more than when they lost it.

Genesis gets court nod to distribute $3B to creditors, covering 77% of the claims. Notably, DCG is excluded from the payout list.

The sale will free up $500k that can be used to pay off creditors.

Embattled cryptocurrency company Terraform Labs has filed for bankruptcy in the United States.

FTX Creditors File Motion to Block Crypto Valuation with Low 2022 Prices

Lawyers for the disgraced crypto platform are encouraging those who withdrew funds within 90 days of bankruptcy to settle by sending some funds back.

The crypto lender has 206,300 Ether currently in the staking withdrawal queue, according to Nansen.

Breaking: Global Settlement Reached in FTX Digital Markets Liquidation

FTX Legal Fees Amount to $1.3 Million Per Day, Creditors Concerned

Hut 8’s new mining site in Cedarvale, Texas, will house almost 66,000 miners and will be powered by more than 215 MWof energy.

In a revised Chapter 11 plan of reorganization, FTX debtors state that crypto claims by customers will be assessed using a conversion table, with valuation based on the petition date.

The Safemoon token nosedived following the firm filing for bankruptcy but has regained slightly since.

Gemini Earn Users Face Potential 70 Reduction in Promised Bitcoin Payouts Under Proposed Reorganization Plan