FTX Creditor Names Can Remain Sealed for Now, Judge Rules
A Delaware bankruptcy judge allowed a list of creditors for FTX to remain sealed for at least another three months on Wednesday.. Source
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FTX Creditor Claims Going for 13 Cents on the Dollar on Bankruptcy Marketplace Xclaim
Claims trading platform Xclaim says it has doubled its pool of claims buyers due to interest in FTX. Original Source
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FTX creditor committee hires Paul Hastings LLP for bankruptcy proceedings: Report
After taking pitches from many law firms, the nine-member committee representing unsecured creditors of the disgraced crypto exchange FTX has decided on a legal adviser, the Wall Street Journal reported on Dec. 21. Global law firm Paul Hastings LLP was hired to look after the interests of unsecured creditors in the
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Gemini Creditor Committee Presents Plan to Resolve Liquidity Issues
The creditor committee expects to hear from Genesis and DCG by the end of the week. Source
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FTX Has Over $1B in Cash, Creditor Meeting Told
The company's new management, which took over when FTX founder Sam Bankman-Fried resigned Nov. 11, told a procedural hearing on Tuesday that it had over $1 billion in assets identified. The company located about $720 million in cash assets, which the exchange has yet to consolidate, in U.S. financial institutions
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Judge Overseeing FTX Bankruptcy Says News Orgs. Can Argue to Unseal Creditor List
Dorsey, a federal judge with the U.S. Bankruptcy Court of Delaware, said he approved of letting the media organizations, which also include the Financial Times and Dow Jones, intervene in favor of transparency, with a fuller hearing to be held in January. Source
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Crypto Exchange Zipmex to Seek Creditor Support for Recovery Process: Source
The goal is to fully reactivate customer withdrawals once creditors have approved the plan in a vote. Source
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Crypto Miner Core Scientific Sees Stock Surge 200% on Creditor Offer to Fund Insolvency
Core Scientific experienced a four-day stock surge after one of its creditors offered to pull it out of its financial mess.Core Scientific (NASDAQ: CORZ) recently experienced a 200% stock surge over the past four days. The digital asset minting facilitator and blockchain infrastructure provider has endured difficult times throughout 2022.
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US Trustee names Wintermute on creditor committee in FTX bankruptcy case
A United States Trustee has announced nine creditors to the committee responsible for part of crypto exchange FTX’s bankruptcy proceedings.According to court documents filed Dec. 15, U.S. Trustee Andrew Vara named crypto market maker Wintermute Asia among those on the ‘Committee of Unsecured Creditors’. Other creditors included individual investors, crypto
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Wintermute, Venture Cap Octopus Given Seats on Key FTX Creditor Committee
The Department of Justice has named Venture Capital company Octopus, the Gibraltar-based Wincent Investment Fund, Coincident Capital International, GGC Information Ltd., Pulsar Global Ltd., and a number of individual investors to represent the potentially million people owed money by the collapse of the Bahamas-based firm, whose founder Sam Bankman-Fried is
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