BlockFi Appeals to Creditors to Come Forward and Claim Bankruptcy Distributions
With a May 15 deadline looming, just 43% of non-U.S. customers have claimed their distributions.
Bankruptcy
FTX to Begin $11.4B Creditor Payouts in May After Years-Long Bankruptcy Battle
Payments to FTX’s largest creditors will start May 30, nearly three years after the exchange collapsed.
FTX’s $228M Settlement With Bybit Brings Conclusion of Epic Liquidation Closer
The costly meltdown of global exchange FTX is still settling big chunks of its bankruptcy drama, now securing about $228 million from Bybit to further feed the cash dispersal that was approved in court earlier this month.
Former FTX Customer Sues Hedge Fund, Says It Reneged on Bankruptcy Payout Deal
Alexander Nikolas Gierczyk of California says the hedge fund he sold his FTX bankruptcy claim to isn’t paying out what it promised.
Delaware Judge Approves FTX Estate’s Bankruptcy Plan
A U.S. court approved FTX’s bankruptcy plan on Monday, which will see the majority of the crypto exchange’s customers get the equivalent of their 2022 losses, and then some.
SEC Might Challenge FTX Bankruptcy Estate From Paying Back Customers With Stablecoins
The U.S. Securities and Exchange Commission (SEC) may have thrown a spanner in the wheels of the confirmation of the FTX bankruptcy plan, according to a court filing Friday.
Three Arrows Capital Liquidators Now Sue Terraform Labs for $1.3B: Bloomberg
Defunct cryptocurrency hedge fund Three Arrows Capital’s (3AC) liquidators have sued Terraform Labs for $1.3 billion, for losses the fund suffered following the 2022 crash, Bloomberg reported on Monday.
Bitstamp to Start Distributing Mt. Gox Proceeds on Thursday
Customers of the defunct crypto exchange lost their funds in a 2014 hack.
BlockFi to Start Interim Crypto Distributions Through Coinbase This Month
Bankrupt crypto lender BlockFi will commence first interim crypto distributions through Coinbase in July 2024, it announced on Thursday.
Large companies’ bankruptcies ‘riding rapidly’ to second-largest number in 14 years
The United States is experiencing a significant surge in bankruptcies among large companies. Through May of this year, 275 large … Continue reading
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