In a recent proposal awaiting Bankruptcy Court approval, creditors with $50K claims or less will get about over 118% compensation. Part of FTX’s plan, dated the 7th of May, read, “Debtors ...
FTX creditors learned that 98% of them will receive up to 118% of their lost funds following the exchange’s implosion.
FTX, formerly one of the largest crypto trading exchanges in the world, may be getting a tax break. A proposed settlement ...
Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. 2022 was a ...
A group of FTX creditors, led by Sunil Kavuri, has filed an objection to FTX’s bankruptcy reorganization plan. They reject it on several grounds, including the assertion that it does not serve ...
FTX’s Bahamian liquidators have told creditors that they will likely have an extra 10-12 weeks until at least end-July to submit proof of what the imploded crypto exchange owes them. Brian Simms ...
Bankrupt cryptocurrency exchange FTX has proposed a new reorganization plan that would see a whopping 98% of its creditors get back 118% of their claims – in cash – within 60 days of court ...
Almost all customers of collapsed cryptocurrency exchange FTX will get their money back — and more, according to a court filing. FTX estimates that it owes creditors around $11.2 billion.
FTX Unveils Debt Repayment Strategy FTX estimates its outstanding debts to creditors to be approximately $11.2 billion, as revealed in the reorganization plan published late Tuesday.
A May 6 transfer of $8.3 million associated with the now-bankrupt FTX exchange and its sister trading firm, Alameda Research, has raised questions about the future of creditors awaiting compensation.
A significant claim against FTX EU — previously known as K-DNA Financial Services —has been transferred to FTXcreditor in the latest development in the FTX bankruptcy case. The transfer has ...