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 :
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
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...
Defunct bitcoin exchange Mt. Gox, which collapsed in 2014, moves 140K+ bitcoin, worth ~$9B, to an unknown address, likely as part of a plan to repay creditors
Shaurya Malwa / CoinDesk :
Defunct bitcoin exchange Mt. Gox, which collapsed in 2014, moves 140K+ bitcoin, worth ~$9B, to an unknown address, likely as part of a plan to repay creditors
Nearly 107,000 bitcoin have been moved since early Asian hours on Tuesday, with bitcoin shedding 1.2% on expectations of selling pressure.
FTX says it will have as much as $16.3B to distribute after selling all of its assets; FTX owes ~$11B to 2M+ customers and other non-governmental creditors
- Crypto customers to get interest on what FTX owes them — Bankrupt firm updates plan to divide cash among creditors
Celsius emerges from bankruptcy and plans to distribute $3B+ to its creditors, who will also get a stake in the company's new Ionic Digital mining operation
The distribution will be made through PayPal and Coinbase. — Register Now — Celsius will be shipping out more than $3 billion …
Email: Mt. Gox plans repay some creditors “within the 2023 calendar year”, likely extending into 2024, marking the first step in repayments for all creditors
- An email to creditors said that the defunct bitcoin exchange plans to commence cash repayments this year and will likely continue repaying into next year.
BlockFi says the lending platform has emerged from bankruptcy and begun the process of repaying its creditors according to the terms of its bankruptcy plan
Fallen crypto lending firm BlockFi announced on Tuesday that it has “emerged” from bankruptcy, making its bankruptcy recovery plan effective as of October 24.
FTX's attorneys say the company recovered $7.3B in liquid assets and is considering using creditors' holdings to reopen the exchange; FTX's FTT token jumps 70%+
Cheyenne Ligon / CoinDesk :