Genesis Requests Timetable for Sale, Creditor Claims
The company wants to sell off its business after filing for bankruptcy on Jan. 19. Source
Read MoreThe company wants to sell off its business after filing for bankruptcy on Jan. 19. Source
Read MoreThe top Mt. Gox creditor chose to have an early payout in Bitcoin (BTC), deciding against waiting longer for an even larger payment. Mt. Gox Investment Fund, the largest creditor of the defunct crypto exchange, reportedly decided to take its chances with a lesser but earlier payout rather than waiting for
Read MoreGenesis Global has announced it has reached an "agreement in principle" with Digital Currency Group (DCG) which will eventually see its crypto lending and trading arm sold as part of restructuring efforts.According to a Feb. 6 press release, DCG would contribute its equity in Genesis Global Trading, a trading subsidiary
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Read MoreAlso: Ether traded flat above $1,600. Equities closed up after solid GDP data. Source
Read MoreThe now-defunct crypto exchange FTX has published its list of creditors, with the names unredacted. The comprehensive list, which is over 100 pages long, shows that FTX owes a lot of money to well-known institutions, including Binance, Airbnb, Apple, Amazon, Linkedin, Coindesk, the Wall Street Journal (WSJ), and more. U.S.
Read MoreA complete list of the creditors owed money by the bankrupt cryptocurrency exchange FTX has been released, revealing a myriad of companies and government entities wrapped up in its collapse. Late on Jan. 25, lawyers for FTX filed its creditor matrix to the United States Bankruptcy Court for the District
Read MoreA lawyer for bankrupt crypto lending firm Genesis is optimistic the firm can resolve its creditor disputes as early as this week and the company could come out of Chapter 11 proceedings by late May.Genesis’ lawyer Sean O'Neal made the comments at a Jan. 23 initial hearing at the United
Read MoreThe names and information of most of the other top 50 creditors remain redacted, but the twelfth-largest unsecured creditor is listed as Hong Kong-based crypto trading firm Pulsar Global Ltd, with a claim of $92.9 million, while individual creditor Larry Qian is 14th with a claim of $91.1 million. Another
Read MoreEmbattled crypto lending platform Vauld one more time gets the period of creditor protection from a Singapore court. The company should come up with a revival plan before Feb. 28. As reported by Bloomberg on Jan. 17, Vauld has been granted more than a month to close its negotiations with one
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