creditors – DIGIT INFO

Gemini creditors revolt over ‘brutal’ Bitcoin slashing reorg plan

Under the proposed plan, Gemini Earn users may only recover 61% of their lost funds in a worst-case scenario.

Celsius seeks court approval to start repaying customers by year-end

The embattled crypto lender is seeking final court approval for a restructuring plan that will start repaying creditors before the end of 2023.

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Crypto lender BlockFi gets court nod to repay customers

The approval is seen as a milestone moment for BlockFi’s over 100,000 creditors, who have been long awaiting repayment.

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Celsius creditors flag renewed phishing attacks ahead of bankruptcy plan

Creditors of crypto lender Celsius Network have reported receiving a new flood of phishing emails, likely resulting from two data breaches last year.

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BlockFi argues FTX, Three Arrows Capital isn’t entitled to repayments

BlockFi argues its creditors, not FTX’s, are the “ultimate victims” of FTX’s alleged fraud.

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Winklevoss slams DCG’s Silbert — Not even SBF was ‘capable of such delusion’

In an open letter, Cameron Winklevoss slammed DCG’s Barry Silbert for allegedly playing the victim card while owing $1.2 billion to Gemini’s 232,000 Earn customers.

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Crypto exchange TrigonX latest to emerge from the FTX rubble

TrigonX is back from the dead after it went into receivership in December, due in part to its $13 million exposure to bankrupt crypto exchange FTX.

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Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell Company

The now-defunct crypto lender Blockfi has recently filed a court document outlining its plans to liquidate the company. The firm has come to the realization that selling the company would not be beneficial to its creditors. As a result, Blockfi has decided to take matters into its own hands and proceed with a self-liquidating transaction. […]

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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 […]

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Crypto Exchange Bittrex Enters Chapter 11 Bankruptcy Protection Following SEC Lawsuit

Bittrex Inc., the U.S.-based cryptocurrency exchange, has filed for Chapter 11 bankruptcy protection in Delaware after being sued by the U.S. Securities and Exchange Commission for failing to register with the regulator. The exchange reportedly has over 100,000 creditors and liabilities ranging from $500 million to $1 billion. Bittrex Bankruptcy Filing Reveals Over 100,000 Creditors […]

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