Tag: debtors
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Regulatory and Legislative Analysis – December 2023
Regulatory and Legislative Analysis – December 2023January 3, 2024Demetrios TseasRegulatory and Legislative Analysis – GLOBALEgmont Group releases report summary highlights for Terrorist Finance Risks...
FTX Debtors’ Filing Sets Controversial Valuations for Cryptocurrency Claims Post-Collapse
The aftermath of the FTX collapse continues to unfold with significant developments in the cryptocurrency world. In a notable move, FTX debtors have filed...
Court grants final approval for $225M Celsius mining company, steers clear of securities ruling
The United States Bankruptcy Court for the Southern District of New York approved the implementation of the “MiningCo Transaction” for Celsius and its affiliated...
Crypto Asset Management Firm Sells $65,000,000 Claim in FTX Bankruptcy, According to CIO – The Daily Hodl
A top executive of a crypto asset management firm says that the company has sold its multi-million dollar claim in FTX’s bankruptcy.
In a lengthy...
Bitcoin Approved for Contracts in Argentina, Confirms Foreign Minister
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Argentina has officially embraced the use of Bitcoin in contractual agreements, marking a significant milestone towards advancing its financial landscape. Contracts...
FTX Debt Resolution Users’ Compensation Plan Revealed in Bankruptcy Update
In a recent development concerning the defunct cryptocurrency exchange FTX, debtors have announced a significant breakthrough in the form of a global settlement...
TX Debtors Propose Amended Chapter 11 Plan: Cryptocurrency Claims Valued at Bankruptcy Date
FTX's debtors have filed an amended Chapter 11 Plan of Reorganization, which marks a significant development in the ongoing bankruptcy case of the once-prominent...
FTX creditors stand to collectively lose millions under new reogranization plan
FTX Debtors filed an amended Chapter 11 reorganization plan on Dec. 16 that will potentially lead to millions of dollars worth of losses for...
FTX Objects to $24 Billion IRS Tax Claim
The FTX bankruptcy estate said that the exchange never earned anything near an amount that supports the $24 billion that the IRS claims...
Celsius Customers Can Withdraw Their Assets But Must Comply With AML Rules
Celsius announced a liquidation plan, allowing users to withdraw their assets, but customers must comply with AML rules.
Withdrawal fees for retrieving...
Bankruptcy Court Declares FTX Debtors Can Begin To Sell $744,000,000 Worth of Grayscale and Bitwise Shares – The Daily Hodl
A bankruptcy court is ruling that debtors of bankrupt crypto exchange FTX can begin selling hundreds of millions of dollars worth of Grayscale and...
Digital Currency Group and Genesis Global Reach Bankruptcy Agreement: Court Docs – The Daily Hodl
Venture capital firm Digital Currency Group (DCG) and its bankrupt subsidiary Genesis Global have struck a new agreement to settle an ongoing legal battle.
A...
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