New lawsuit filings: Genesis creditors accuse Barry Silbert of fraud and propelling the 2022 crypto market collapse by misrepresenting his companies' finances
Kevin T. Dugan / Wall Street Journal :
FTX tells a US bankruptcy judge it will make the first payment to its main creditors on May 30 using the $11.4B cash hoard it has collected since shutting down
Steven Church / Bloomberg :
Court records: FTX paid nearly $948M to 12+ firms working on its bankruptcy, one of the costliest Chapter 11 cases in US history; users are set to get back 118%
- Lack of records, corporate controls sent adviser fees higher — Most creditors poised to get back 118% of what they were owed
Alameda Research co-CEO Sam Trabucco has agreed to hand over a slew of properties, including his yacht, to FTX creditors as part of a November 3 settlement deal
privileges other FTX executives' legal teams did not receive. @historian_ftx : FTX Drama: Trabucco Reaches Sealed Settlement Former Alameda co-CEO Sam Trabucco and FTX Digital Markets CEO Ryan Salame ...
Crypto lender Genesis and related companies complete their bankruptcy restructuring and begin distributing ~$4B in digital assets and cash to creditors
I feel pretty taken advantage of here and down more money than I care to admit through this FTX
Court filing: FTX and the CFTC agree a $12.7B settlement after months of negotiations, pending a judge's approval; FTX will return up to $12.7B to creditors
Sarah Wynn / The Block :
Mt. Gox starts repaying its customers, who will receive only ~15% of their lost bitcoin, which are now worth many times more than their total 2014 holdings
and it's freaking out crypto investors Mt. Gox : Notice regarding Repayment in Bitcoin and Bitcoin Cash Simon Sharwood / The Register : A decade after collapsing, crypto exchange Mt Gox repays some in...
Atos reaches a deal with its creditors, including restructuring €2.9B of loans and bonds into equity, injecting €233M, and letting the creditors take control
The key elements of the restructuring framework (the “Restructuring Framework” … Juliette Jabkhiro / Reuters : Atos reaches deal in principle with creditors on restructuring, says media report X: Domi...
Atos says a consortium led by its largest shareholder, Onepoint, has withdrawn from bailout talks and that EPEI has expressed interest in restarting discussions
- Billionaire Kretinsky's EPEI is interested in restarting talks — Atos still aims for a refinancing deal with creditors in July