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.
Bankruptcy
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
The post Large companies’ bankruptcies ‘riding rapidly’ to second-largest number in 14 years appeared first on Finbold.
FTX Victims View Bankruptcy Process as ‘Second Act of Theft,’ File to Recover $8B in Forfeited Assets
FTX’s victims are seeking a court hearing to rule on their claim that all the failed crypto exchange’s forfeited assets, about $8 billion, belong to its customers, not the bankruptcy estate.
Nearly All FTX Creditors Will Get 118% of Their Funds Back in Cash, Estate Says in New Plan
Bankrupt cryptocurrency exchange FTX has proposed a new reorganization plan that would see a whopping 98% of its creditors get back 118% of their claims – in cash – within 60 days of court approval, according to new documents filed Tuesday evening.
Former Cred Executives Indicted on Wire Fraud, Other Charges
Daniel Schatt, a Cred co-founder and former CEO, Joseph Podulka, former CFO, and James Alexander, the former chief capital officer, were indicted by the U.S. Attorney’s Office in the Northern District of California.
FTX to Sell $884M of Anthropic Shares to Two Dozen Institutional Investors
The value of FTX’s FTT token surged 10% on the news.
FTX Was Down to Last 105 Bitcoins When Bankruptcy Rescue Crew Arrived: John Ray
John J. Ray III Fires Back Against SBF’s ‘Delusional’ Claims Customers Lost No Money in FTX Collapse
FTX Claims Holder Attestor Takes Creditor to Court Over Alleged ‘Seller’s Remorse’
London-based investment firm Attestor Capital, a top holder of FTX bankruptcy claims, has filed suit against a FTX creditor who allegedly promised to sell the firm two FTX accounts, only to back out of the deal once the value of its claims skyrocketed.
Bankrupt Cryptopia Exchange to Return Crypto to Some Creditors
The New Zealand exchange went offline in 2019 following a cyber attack that saw millions of dollars worth of tokens stolen.