FTX Customers Have Until End-September to Submit Bankruptcy Claims
Former customers will receive an email containing a link to the Customer Claims Portal. Source
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Bankruptcy
Crypto Bankruptcy Investor Ouroboros Uses Automated Due Diligence to Consider Smaller Claims
One avenue open to those whose assets are locked up in a bankruptcy estate is to sell their claims at a discount at marketplaces such as X Claims or Claims Market. But there are very few providers of liquidity for relatively small claims of around $50,000 because of the cost
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FTX Bankruptcy Team Says the Exchange Owed Customers $8.7B
Commingling and misuse of customer and corporate funds occurred from the inception of FTX, says current CEO John J. Ray III. Original Source
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Gemini Allows Withdrawals for Voyager Customers Whose Funds Have Been Trapped since Bankruptcy
The 30-day window of opportunity opened on Sunday, June 25th, and would run till July 23rd. Voyager customers who have been unable to access their funds since the company folded up last year may finally have something to cheer about. This follows after a recent blog post hinted that customers affected
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FTX’s Bankruptcy Fees Already Topped $200M, Court Examiner Says
Transforming a ‘smoldering heap of wreckage’ can cost good money, Katherine Stadler said. Original Source
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FTX bankruptcy will be ‘very expensive’ but there’s a reason: Auditor
Fees charged by the lawyers and the restructuring team working on the bankrupt crypto exchange FTX have topped $200 million in just over seven months, but an independent auditor argues it makes sense, given the mammoth task.On June 20 the court-appointed fee examiner, Katherine Stadler, filed a 47-page report on
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FTX incurs over $120m in advisor fees as bankruptcy costs mount
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied FTX, the bankrupt crypto exchange, faces significant legal and advisory costs, with filings revealing that fees and expenses between February 1 and April 30 amounted to $121.8 million. The data, compiled by The Block Research, shows that
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Bittrex withdrawals set to resume after bankruptcy court gives green light
Cryptocurrency trading platform Bittrex is expected to resume customer withdrawals on June 15 following an order from a judge in the United States Bankruptcy Court for the District of Delaware. The decision does not settle the question of the subordination of U.S. government claims, which had led to objections against
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Celsius Faces Creditor Pushback Over Bankruptcy Exit Plan
Some creditors are unhappy with the revealed plan and have expressed their opposition. Insolvent crypto lending platform, Celsius, has filed an updated plan to exit bankruptcy with the help of crypto consortium Fahrenheit. However, the plan faces opposition from creditors who are unhappy with the deal and want their money back. Celsius’
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Crypto Lender Celsius Updates Bankruptcy Plan After Fahrenheit Deal
The new filing is set to face legal opposition from borrowers. Source
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