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BANKRUPTCY FILINGS FTX

US bankruptcy judge approves FTX reorganization plan, two years after the exchange's collapse

About 94% of creditors in the “dotcom customer entitlement claims” class who returned their ballots — representing about $6.83 billion in claims by value — voted in favor of the reorganization plan. However, the plan garnered criticism from Sunil Kavuri, a representative of the largest FTX creditor group. Kavuri said the estate should pay out crypto in kind, rather than the dollar value.

theblock.co • 07/10/2024 - 19:19 PM

BANKRUPTCY FILINGS BASE DEXS FTX PROTOCOLS STAKING TOKENS

The Daily: FTX's reorganization plan gains the support of most creditors, EigenLayer's token begins trading and more

Today's newsletter discusses FTX's creditor support, EigenLayer token launch, Metaplanet's bitcoin acquisition, and Pike Finance's liquidity issues, along with Vitalik Buterin's thoughts on Polymarket.

theblock.co • 01/10/2024 - 17:35 PM

BANKRUPTCY FILINGS FTX

FTX's reorganization plan gains support from over 94% of Dotcom voting creditors

FTX's reorganization plan received overwhelming support, with over 94% of creditors voting in favor, set to provide nearly 98% claim recovery at confirmation hearing on October 7.

theblock.co • 01/10/2024 - 07:24 AM

BANKRUPTCY FILINGS FTX

Examiner finds Sullivan & Cromwell didn't ignore 'red flags' that would've tipped them off to FTX's misconduct

Sullivan & Cromwell did not overlook issues with FTX while advising Bankman-Fried on Robinhood shares, according to examiner Robert Cleary's report amid FTX's bankruptcy proceedings.

theblock.co • 26/09/2024 - 18:50 PM

2024 ELECTIONS BANKRUPTCY FILINGS BITCOIN CRYPTO BANKS AND LENDERS ETHEREUM FDIC FEDERAL RESERVE MINING COMPANIES OCC SEC

The Daily: Harris' first remarks on crypto, Silvergate exec reveals reasons behind shutdown, Bitfarms-Riot reach settlement agreement and more

Kamala Harris discusses crypto at a fundraiser while Bernstein highlights need for clarity. Silvergate's shutdown, Ether's performance, and Bitfarms/Riot settlement are also key topics.

theblock.co • 23/09/2024 - 17:14 PM

BANKRUPTCY FILINGS

Silvergate executive says 'sudden regulatory shift' led to bank's shutdown in bankruptcy filing

The article discusses the 2023 U.S. banking crisis, focusing on Silvergate Bank's collapse due to regulatory pressures and cryptocurrency market challenges.

theblock.co • 22/09/2024 - 17:36 PM

BANKRUPTCY FILINGS SEC

Terraform Labs gets sign off from US bankruptcy judge to begin winding down: Reuters

Terraform Labs has received bankruptcy court approval, planning to pay between $184.5 million to $442.2 million to stakeholders after legal issues involving the SEC and its algorithmic stablecoin.

theblock.co • 19/09/2024 - 20:06 PM

BANKRUPTCY FILINGS

Celsius targets Tether, Badger DAO, Compound, and Netanyahu's niece and nephew in lawsuits

Celsius filed a lawsuit against Tether on Friday in an attempt to claw back Bitcoin worth $2.4 billion that the company says Tether sold improperly at the bottom of the market as the crypto lender began to collapse. Tether has vowed to defend itself against the lawsuit, which CEO Paolo Ardoino described as “baseless” and “bullying.” Tether joins other targets of Celsius lawsuits including Badger DAO, for losses suffered by Celsius related to its 2021 hack, Compound Labs, for losses related to a November 2020 oracle incident, and Bancor DAO, which is owned by Israeli Prime Minister Benjamin Netanyahu’s niece and nephew, among others, for yet more losses.

theblock.co • 10/08/2024 - 18:14 PM

BANKRUPTCY FILINGS CRIME DIGITAL CURRENCY GROUP HEDGE FUNDS INVESTMENT FIRMS LAWSUITS SAM BANKMAN-FRIED THREE ARROWS CAPITAL WEALTH MANAGERS

Genesis completes bankruptcy restructuring, begins distributing $4 billion in crypto and cash

Genesis Global has completed its restructuring after bankruptcy, distributing $4 billion in assets to over 100,000 creditors and addressing liabilities of around $10 billion.

theblock.co • 02/08/2024 - 17:11 PM

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