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Bankruptcy
FTX Debtors Revise Settlement Proposal After Objection From U.S. Trustee
The latest proposal will see the debtors include the U.S. Trustee as a noticed party and reduce the maximum settled value for claims from the earlier $10 million to $7 million.
Celsius Creditors to Vote on Bankruptcy-Escape Plan After Judicial Approval
Creditors will have a month to mull the sale to Fahrenheit, which court filings say could see them recover 67%-85% of holdings.
Genesis, FTX Strike Deal for $175M Bankruptcy Claim
Though a sharp drop from the $4 billion originally claimed, lawyers hope it will let them get on with winding up estates.
Crypto Custodian Prime Trust Files for Bankruptcy
Beleaguered crypto custodian Prime Trust has filed for Chapter 11 bankruptcy protection on Monday, as the chill of crypto winter drags on. This comes after CoinDesk recently reported that the company looked poised to enact potentially massive layoffs. "First Mover" hosts Jennifer Sanasie and Lawrence Lewitinn weigh in on the latest developments.
FTX Fires Back at Creditors 'Willing to Gamble Estate Assets on Higher Returns'
The committee of unsecured creditors had criticized the bankrupt estate's reorganization plan submitted to a Delaware court in July.
Bitmain, Anchorage Expected to Take Equity in Bitcoin Miner Core Scientific as Part of Bankruptcy Plan
The world's largest crypto mining machine maker is set to take a $54 million stake in Core Scientific as the miner emerges out of Chapter 11 proceedings.
Bankrupt Crypto Lender BlockFi Inches Closer to Refunding Clients
The firm receives conditional approval for its restructuring plan from a U.S. bankruptcy court.
DCG Says It Sees Resolving Genesis Chapter 11 Bankruptcy Soon
Digital Currency Group comments on the restructuring in an investor letter.
FTX Users Potentially Targeted in Possible Phishing Attack as Bankruptcy Claims Deadline Nears
FTX users have until Sept. 29 to file their bankruptcy claims.
FTX Seeks to Recover $71M From Its Philanthropic and Life Science Arms
The firms funneled corporate funds to other organizations on behalf of their founder Sam Bankman-Fried’s "personal aggrandizement," a court filing shows.
