Gate.io threatens legal action against rumor-mongers
Insolvency rumors surfaced after a series of events involving Multichain. Gate.io has denied any liquidity issues. Go to Source Powered by WPeMatico
Bankruptcy
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US District Judge sends matter of FTX independent examiner to appellate court
A bankruptcy judge denied a motion for an independent examiner in February, leading to an appeal that may now go to the U.S. Court of Appeals for the Third Circuit. Go to Source Powered by WPeMatico
Fahrenheit wins bid to acquire assets of crypto lender Celsius
The Arrington Capital-backed consortium outbid NovaWulf to acquire Celsius Network’s assets, while the Blockchain Recovery Investment Consortium serves as a backup bid. Go to Source Powered by WPeMatico
FTX 2.0 to launch soon? Court filing shows a reboot plan in the works
The new FTX CEO has undertaken a series of meetings over the past month to work on the relaunch of the failed crypto exchange by entering in a bidding process. Go to Source Powered by WPeMatico
MIAX completes acquisition of FTX subsidiary LedgerX
The deal was announced in April and approved by the bankruptcy judge on May 4. Go to Source Powered by WPeMatico
Voyager bankruptcy plan approved, customers may recover 35.7% of claims initially
The third try is a charm for the crypto brokerage, whose assets were almost bought by FTX and Binance.US. Now it’s just handing what it has over to its creditors. Go to Source Powered by WPeMatico
Quadriga CX Customers to Finally Receive Payout: Creditors to Get 13% per Dollar
EY, the global accounting and professional services organization, released a long-awaited update on Friday for the creditors of Quadriga CX. The Canadian cryptocurrency exchange, which had sought bankruptcy protection in 2019 with liabilities of C$215.7 million and assets totaling around C$28 million, had left its creditors in a state of uncertainty. In the latest notice … Read more
BlockFi users to get back $297M from Wallet accounts: Report
Return of funds does not apply to users of interest-bearing accounts, ruled U.S. bankruptcy judge Michael Kaplan. Go to Source Powered by WPeMatico
DCG settlement with Genesis still undecided as 30-day mediation period proceeds
The settlement plan proposed in February would give Genesis creditors 80% recovery of funds but many raised demands, leading to the mediation. Go to Source Powered by WPeMatico
OKX just sent $60M in USDT, MASK token to Alameda Research
The fund transfer may be part of a recovery effort to repay creditors of the failed FTX crypto exchange. Go to Source Powered by WPeMatico
