This secured fund, including interest, accounts for about 25% of Voyager creditors’ aggregate claims and is anticipated to be disbursed shortly.
Bankruptcy News
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The significant Bitcoin purchase comes after Coinbase declared that the majority of the proceeds from the GBTC sell-off would “remain within the crypto ecosystem.”
12923Galaxy Trading, Pantera Capital and Neptune Digital Assets have acquired nearly two-thirds of FTX’s stake in SOL.
5137A slew of Bitcoin miners filed for bankruptcy in the crypto winter of 2022 but Hut 8 CEO Asher Genoot is adamant that things will be different after the upcoming halving.
2286If Paradigm completes the raise, it would be it’s largest since it raised a $2.5 billion fund at the peak of the last cycle’s bull run in November 2021.
2327Lawyers for FTX say that customer claims for four SBF-linked cryptocurrencies: MAPS, OXY, SERUM, and BOBA should be heavily discounted or reduced to zero.
15421Current investors such as Google and Amazon are not considering purchasing the stake, according to the report.
4972Pellegrino asserted that 3AC was financially unstable when proposing the arrangement to LayerZero and criticized Davies for misleading and taking advantage of associates and partners.
2623The move would allegedly serve as an equity remedy to repay customers who did not withdraw their funds in time before Celsius’ collapse.
3777Three Arrows Capital co-founder Kyle Davies appeared on a podcast and showed little remorse for his firm’s creditors and said he plans to avoid spending any time in a Singaporean prison.
3276London-based Attestor has filed a lawsuit against FTX claims seller Lemma after making a 200% profit on the purchased FTX claims stash.
17736A Google document attached to the U.S. government sentencing memorandum reveals “random probably bad ideas” that Sam Bankman-Fried had to repair his public image.
9199Some Celsius account holders claim they are being forced to accept U.S. dollars instead of crypto, resulting in much smaller payments than they were initially promised.
18133The bankrupt crypto companies have resolved their disputes for nearly $1 billion, which could lead to full recovery for BlockFi’s customers.
8017Cryptocurrency users whose assets were affected by FTX’s bankruptcy took to X to express their concerns, seeking accountability from FTX.
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