FTX’s bankruptcy estate is expected to pay as much as $16 billion in cash to creditors. While the timing hinges on court approval, it could help offset crypto selling pressure from other collapses.
FTX creditors have filed a June 5 objection to the crypto exchange’s repayment plan on the grounds that the FTX bankruptcy estate’s proposal does not work in favor of their “best interests.” FTX ...
In a bid to offer creditors enough time to file their claims, FTX Digital Markets has decided to extend the deadline for submitting proof of debt. FTX, the bankrupt cryptocurrency exchange, has ...
FTX creditors learned that 98% of them will receive up to 118% of their lost funds following the exchange’s implosion.
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 ...
FTX has extended the deadline for creditors to submit proof of debt to late July or early August. The extension aligns with the Chapter 11 reorganization plan’s voting deadline in the U.S. Creditors ...
Defunct exchange FTX and the United States Internal Revenue Service (IRS) are locked in a dispute over an unpaid tax claim. FTX and the IRS have reached a settlement agreement. The exchange’s ...
FTX has reached a tentative settlement with the IRS to resolve a $24 billion tax claim for a significantly lower amount. Under the settlement, the IRS will receive a $200 million priority claim to be ...
A person deprived of land by the state in the exercise of its power of eminent domain is entitled to be paid compensation ...