creditors

Bankrupt cryptocurrency lender BlockFi is trying to block attempts by the similarly bankrupt FTX and Three Arrows Capital (3AC) that aim to retrieve hundreds of millions of dollars to pay back their creditors. BlockFi claimed in an Aug. 21 filing to a New Jersey bankruptcy court that its own cred ...

More favorable market conditions were the reason The company will revise its reorganization plan It will be ready by Sept. 25 The Core Scientific legal advisor plans to develop a reorganization plan for the company by Sept. 25. This follows court docu ...

Bankrupt cryptocurrency lender BlockFi announced plans to liquidate its platform because selling the business would not provide significant value to its creditors. That's the conclusion the company's management came to after unsuccessful attempts to get its platform sold ...

Audit firm Ernst&Young (EY) said that creditors affected by the collapse of crypto exchange QuadrigaCX will receive an interim dividend of 13% of the assets due. QuadrigaCX owes C$303.1 million (about $222.3 million) to 17,648 creditors, including Canada Post and the ...

A few days ago, the exchange announced an interim distribution of funds There are 15 lawsuits worth more than C$1 million The funds will be paid at market value as of April 15, 2019 Bankrupt Canadian cryptocurrency exchange QuadrigaCX announced the re ...

The new owner will be Miami International Holdings And FTX will receive $50 million to pay creditors Scandalous crypto exchange FTX has received court approval to sell its "subsidiary" LedgerX for $50 million. This will allow them to raise additional capital to p ...

Genesis Capital's creditors have recently made new demands, renouncing previous agreements and claims in the bankruptcy court. This has resulted in the delay of executing the court-approved damages plan, which would have provided the injured party with compensation equal to 80% of the lost funds. ...

The OTPP Exits Cryptocurrency Investment After $95M Loss on FTX. The Canadian Teachers' Pension Fund of Ontario (OTPP) has decided to abandon its cryptocurrency investment after incurring a loss of $95 million in the bankrupt cryptocurrency exchange FTX. OTPP, Canada's third-largest pension fu ...

Tribe Capital, a Menlo Park-based venture capital firm with over $1.6 billion in assets under management, is reportedly mulling over a $250 million fundraising campaign to relaunch the failed FTX cryptocurrency exchange. The plan is said to involve self-financing at least $100 million and attract ...

MtGox, the defunct cryptocurrency exchange, has made an announcement that marks the end of the period for customers to file claims for damages. The exchange has confirmed that those who submitted their applications before the deadline will receive payment soon. However, customers are no longer ...

According to court documents, Voyager and its creditors may be at risk of losing $100 million if the legal objections raised by the US government are not resolved by April 13. In a lawsuit, Voyager's creditors state that there is clear evidence that they will suffer significant losses if a $1 bil ...

As bitcoin continues to dominate the cryptocurrency market, miners face a number of challenges that could affect their profitability in 2023. Despite optimistic forecasts for the first cryptocurrency, miners have faced serious obstacles in recent years. The "growth at any cost" strategy, which in ...