Breaking News: BANKRUPTCY FILINGS – Market Insights, Analysis & Latest Updates

FTX creditors in Bahamas process with claims below $50,000 to receive repayments on Feb. 18

FTX Digital Markets will begin repayments to creditors with claims up to $50,000 by February 18, offering a 9% interest rate and significant compensation expected.

theblock.co • 04/02/2025 - 17:38 PM

The Daily: Bitcoin hits new all-time high, Ripple's RLUSD set to launch, MicroStrategy's latest BTC acquisitions and more

Ripple will launch its U.S. dollar-pegged stablecoin RLUSD on Tuesday, initially available on the XRP Ledger and Ethereum networks. Business intelligence firm and corporate bitcoin holder MicroStrategy has acquired another 15,350 BTC for $1.5 billion, raising its total holdings to 439,000 BTC worth over $46 billion. Aave contributor Marc Zeller has proposed phasing out its decentralized lending services on Polygon’s PoS chain due to perceived risks from Polygon’s recent proposal to use over $1 billion in bridge stablecoins for yield generation. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 16/12/2024 - 18:38 PM

FTX customers to get distributions through Kraken and BitGo with bankruptcy plan set to be effective on Jan. 3

FTX customers will receive bankruptcy distributions via Kraken and BitGo, effective January 2025, following the exchange's collapse and bankruptcy proceedings.

theblock.co • 16/12/2024 - 18:00 PM

The Daily: Hyperliquid set for HYPE token launch, MARA purchases $615 million in bitcoin and more

Hyperliquid prepares to launch its HYPE token; MARA purchases bitcoin; Celsius distributes $127 million; Coinbase's Celo decision causes community backlash; gamified AI Freysa retains $40,000 in crypto.

theblock.co • 28/11/2024 - 15:16 PM

BANKRUPTCY FILINGS

Celsius to distribute $127 million to creditors in second bankruptcy payout

The second payout, made in cash or crypto, will distribute roughly 60% of the creditors’ petition date claims. Celsius filed for bankruptcy in 2022 after its $1.2 billion balance sheet gap was revealed. Its CEO, Alex Mashinsky, faces fraud charges and a potential prison sentence of over 100 years.

theblock.co • 28/11/2024 - 08:17 AM

FTX plans to start reimbursing users by March 2025 as restructuring wraps up

According to a statement on Thursday, the firm expects its reorganization efforts to likely wrap up early next year, “paving the way for FTX to begin creditor and customer distributions.”

theblock.co • 21/11/2024 - 22:26 PM

BANKRUPTCY FILINGS

Mt. Gox sends 2,500 BTC to unmarked wallets in fifth bitcoin transfer this month: Arkham

Mt. Gox transferred 2,500 BTC to unmarked wallets as part of ongoing movements, raising speculation about future distributions to creditors amid a postponed repayment timeline.

theblock.co • 12/11/2024 - 06:07 AM

The Daily: Bernstein says 'don't fight this' amid post-election crypto surge, MicroStrategy buys another $2 billion in bitcoin and more

Bernstein forecasts a crypto bull market post-Trump's election; MicroStrategy buys more Bitcoin; FTX sues Binance; Delta Prime faces security issues; user loses $25 million in a transaction error.

theblock.co • 11/11/2024 - 19:18 PM

Avalanche Foundation buys back $52 million worth of AVAX tokens from Do Kwon's defunct 'Luna Foundation Guard'

Avalanche Foundation ends ties with collapsed Terra blockchain, finalizing AVAX token repurchases to support ecosystem development amidst the fallout from TerraUSD's collapse.

theblock.co • 06/11/2024 - 21:23 PM

The Daily: HBO doc suggests Peter Todd is Satoshi Nakamoto, VanEck enters the crypto VC space and more

HBO's documentary claims Peter Todd is Satoshi Nakamoto. VanEck enters crypto VC, while the U.S. government suggests Bitfinex might be the sole 2016 hack victim.

theblock.co • 09/10/2024 - 18:07 PM

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