Bankruptcy
Delaware Judge Approves FTX Estate’s Bankruptcy Plan
Most FTX creditors will get all their money back in cash, and then some.
FTX Dotcom Creditors Vote Massively in Favor of Reorganizing Plan
The plan promises to return 118% of claims in cash to most creditors, who represent about $6.83 billion in claims by value.
SEC Might Challenge FTX Bankruptcy Estate From Paying Back Customers With Stablecoins
The SEC said that it may challenge any transactions of distributions involving crypto assets to creditors.
Celsius' Bankruptcy Plan Administrator Pays Out Over $2.5B
The distributions were made in liquid cryptocurrency and cash at Jan. 16 prices to roughly two-thirds of all eligible creditors by number and 93% by value.
Three Arrows Capital Liquidators Now Sue Terraform Labs for $1.3B: Bloomberg
Earlier, in June 2023, the liquidators sought $1.3 billion from the founders of 3AC, Su Zhu and Kyle Davies.
Tether to Fight Celsius' $3.3 Billion 'Shakedown' Litigation
On Friday, Celsius asked a U.S. court to order Tether to relinquish a total of 57,428.64 bitcoin.
Bitstamp to Start Distributing Mt. Gox Proceeds on Thursday
Customers of the defunct crypto exchange lost their funds in a 2014 hack, and the imminent distribution of nearly $9 billion worth of assets to creditors has been weighing on crypto markets.
Mt. Gox Moves $3B Bitcoin to New Wallet, $130M to Bitstamp Exchange
The defunct crypto exchange has moved billions of dollars worth of bitcoin over two days.
BlockFi Administrator Submits Plan in Court to Make Customers Whole
The plan administrator revealed that a significant transaction had been closed which would enable a near-term final distribution of 100% for all eligible claims.
BlockFi to Start Interim Crypto Distributions Through Coinbase This Month
BlockFi was the first victims of the contagion caused by crypto exchange FTX’s collapse in early November 2022 and filed for bankruptcy on Nov. 28, 2022.
