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Genesis Global secures court approval for $3B payout

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Genesis Global secures court approval for $3B payout 2024-05-18 at 12:01 By Cointelegraph by Amaka Nwaokocha According to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCG’s equity stake. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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‘Crypto King’ Aiden Pleterski faces fraud, money laundering charges

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‘Crypto King’ Aiden Pleterski faces fraud, money laundering charges 2024-05-17 at 01:01 By Cointelegraph by Derek Andersen Pleterski and an associate were arrested months after multiple investor complaints and months of police investigation. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Bitcoin price shows strength as investors anticipate return of money printing

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Bitcoin price shows strength as investors anticipate return of money printing 2024-05-13 at 22:01 By Cointelegraph by Marcel Pechman Bitcoin rallies as central bank stimulus packages become more common, and the Fed’s signal of “higher for longer” interest rates aligns with investors’ market view. This article is an excerpt from Cointelegraph.com News View Original Source

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Bankruptcy law firm S&C absolved from misconduct according to new FTX proposal

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Bankruptcy law firm S&C absolved from misconduct according to new FTX proposal 2024-05-08 at 12:01 By Cointelegraph by Zoltan Vardai FTX’s amended plan contains an exculpation clause that could absolve Sullivan & Cromwell, along with all debtors, of future liabilities. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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NBA, football, NASCAR stars cough up $2.4M in Voyager promo suit

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NBA, football, NASCAR stars cough up $2.4M in Voyager promo suit 2024-05-08 at 09:01 By Cointelegraph by Martin Young Rob Gronkowski, Victor Oladipo, and Landon Cassill have agreed to settle with plaintiffs in their ongoing case against Voyager Digital. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Former FTX exec Ryan Salame to give up $5.9M Bahamas property

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Former FTX exec Ryan Salame to give up $5.9M Bahamas property 2024-05-03 at 07:01 By Cointelegraph by Martin Young Salame proposes to satisfy the debtors by transferring a residence he owns to FTX Digital Markets Ltd. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Bankruptcy judge signs off on $450M FTX-Voyager settlement

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Bankruptcy judge signs off on $450M FTX-Voyager settlement 2024-04-29 at 23:01 By Cointelegraph by Turner Wright According to the terms of the deal, FTX will “relinquish any and all rights” to $450 million Voyager Digital has claimed from the crypto exchange. This article is an excerpt from Cointelegraph.com News View Original Source React to this

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Bankrupt Voyager secures $484.35M for creditor repayments

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Bankrupt Voyager secures $484.35M for creditor repayments 2024-04-11 at 11:01 By Cointelegraph by Amaka Nwaokocha This secured fund, inclusive of interest, accounts for about 25% of Voyager’s creditors’ aggregate claims and is anticipated to be disbursed shortly. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Massive SOL liquidation by FTX estate nets nearly $2B

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Massive SOL liquidation by FTX estate nets nearly $2B 2024-04-06 at 01:02 By Cointelegraph by Ana Paula Pereira Galaxy Trading, Pantera Capital, and Neptune Digital Assets have acquired nearly two-thirds of FTX’s stake in SOL. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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FTX wants to zero out claims on ‘Sam Coins’

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FTX wants to zero out claims on ‘Sam Coins’ 2024-03-27 at 07:02 By Cointelegraph by Martin Young Lawyers for FTX say that customer claims for four SBF-linked cryptocurrencies: MAPS, OXY, SERUM, and BOBA should be heavily discounted or reduced to zero. This article is an excerpt from Cointelegraph.com News View Original Source React to this

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FTX to offload $1B Anthropic stake to pay off bankruptcy debts within weeks — report

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FTX to offload $1B Anthropic stake to pay off bankruptcy debts within weeks — report 2024-03-22 at 23:00 By Cointelegraph by Tristan Greene Current investors such as Google and Amazon are not considering purchasing the stake, according to the report. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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LayerZero CEO claims Kyle Davies sought full treasury allocation days before 3AC’s fall

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LayerZero CEO claims Kyle Davies sought full treasury allocation days before 3AC’s fall 2024-03-22 at 12:03 By Cointelegraph by Amaka Nwaokocha Pellegrino asserted that 3AC was financially unstable when proposing the arrangement to LayerZero and criticized Davies for misleading and taking advantage of associates and partners. This article is an excerpt from Cointelegraph.com News View

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Top FTX claim holder Attestor sues seller amid Bitcoin rally

Attestor Capital, bankruptcy, Bankruptcy claims, Claims Market, court, FTX, Haru Invest, law, Lemma Technologies /

Top FTX claim holder Attestor sues seller amid Bitcoin rally 2024-03-18 at 11:04 By Cointelegraph by Helen Partz London-based Attestor has filed a lawsuit against FTX claims seller Lemma after making a 200% profit on the purchased FTX claims stash. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Sam Bankman-Fried’s bankruptcy narrative revealed in new court documents

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Sam Bankman-Fried’s bankruptcy narrative revealed in new court documents 2024-03-16 at 19:00 By Cointelegraph by Ana Paula Pereira A Google document attached to the U.S. government sentencing memorandum reveals “random probably bad ideas” Sam Bankman-Fried had to repair his public image. This article is an excerpt from Cointelegraph.com News View Original Source React to this

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Celsius creditors allege 30% less compensation than promised during bankruptcy

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Celsius creditors allege 30% less compensation than promised during bankruptcy 2024-03-15 at 16:01 By Cointelegraph by Christopher Roark Some Celsius account holders claim they are being forced to accept U.S. dollars instead of crypto, resulting in much smaller payments than they were initially promised. This article is an excerpt from Cointelegraph.com News View Original Source

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Coinbase set to offer $1 billion via convertible notes

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Coinbase set to offer $1 billion via convertible notes 2024-03-13 at 01:12 By Cointelegraph by Brayden Lindrea Coinbase’s offering will better position the firm to pay off three existing debts due in 2026, 2028 and 2031. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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FTX to submit revised reorganization plan in mid-December

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FTX to submit revised reorganization plan in mid-December 07/12/2023 at 16:02 By Cointelegraph by Amaka Nwaokocha Bankrupt crypto exchange FTX is preparing to present an updated reorganization plan to the court in mid-December. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Core Scientific explains its latest bankruptcy plan ahead of court date

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Core Scientific explains its latest bankruptcy plan ahead of court date 05/12/2023 at 01:02 By Cointelegraph by Derek Andersen If approved, this third version of the plan will go into effect on Jan. 5, 2024, and see the company add 372 MW in capacity by 2027. This article is an excerpt from Cointelegraph.com News View

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FTX and Alameda transfers another $22M worth of crypto asset

bankruptcy, Cryptocurrencies, Cryptocurrency Exchange, FTX, Liquidity /

FTX and Alameda transfers another $22M worth of crypto asset 03/12/2023 at 14:02 By Cointelegraph by Amaka Nwaokocha Following their most recent move, FTX and Alameda Research have transferred another significant amount of digital assets, amounting to an impressive $22 million. This article is an excerpt from Cointelegraph.com News View Original Source React to this

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Celsius faces hurdle as judge hints at new vote for Bitcoin mining shift

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Celsius faces hurdle as judge hints at new vote for Bitcoin mining shift 01/12/2023 at 12:03 By Cointelegraph by Amaka Nwaokocha Judge Martin Glenn reportedly said that the proposed transformation into a Bitcoin mining business deviates significantly from the deal creditors initially voted on. This article is an excerpt from Cointelegraph.com News View Original Source

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