creditors

Celsius Allocates $2 Billion in Cryptocurrency to Creditors, Reveals Court Records

Celsius Allocates $2 Billion in Cryptocurrency to Creditors, Reveals Court Records

Theon BarrettFeb 16, 20242 min read

Celsius Distributes Most of Crypto Owed to Creditors Celsius, the crypto lender that filed for bankruptcy in 2022, has announced that it has distributed a majority…

Opposition from Crypto Giant Digital Currency Group to Genesis’ Restructuring Plan, Favoring Specific Creditors

Opposition from Crypto Giant Digital Currency Group to Genesis’ Restructuring Plan, Favoring Specific Creditors

Benito CormiFeb 7, 20243 min read

DCG Challenges Genesis’ Bankruptcy Strategy Digital Currency Group (DCG) has raised legal concerns and objected to Genesis’ updated bankruptcy scheme. Attorneys from Weil, Gotshal, and Manges…

Reaction of CoinFLEX Creditors to OPNX Shutdown: ‘A Trail of Destruction has been Left Behind’

Reaction of CoinFLEX Creditors to OPNX Shutdown: ‘A Trail of Destruction has been Left Behind’

Demian CrypterFeb 7, 20243 min read

OPNX Shuts Down, CoinFLEX Creditor Claims Last week, the Open Exchange (OPNX) announced that it was ceasing operations, which has caused a wave of vindication among…

DCG Criticizes Genesis Bankruptcy Plan, Alleges Bias Towards Select Creditors

DCG Criticizes Genesis Bankruptcy Plan, Alleges Bias Towards Select Creditors

Wyatt NewsonFeb 6, 20243 min read

Digital Currency Group Opposes Genesis Bankruptcy Plan Digital Currency Group (DCG) has expressed its opposition to the bankruptcy plans put forth by its subsidiary Genesis, arguing…

Legal Action Filed Against FTX by Creditors Contesting $16,000 Bitcoin Repayment Scheme

Legal Action Filed Against FTX by Creditors Contesting $16,000 Bitcoin Repayment Scheme

Bitro ConwellFeb 3, 20243 min read

FTX Creditors File Lawsuit Over Payout Plans A group of creditors of the bankrupt crypto exchange FTX has filed a lawsuit in response to the proposed…

Boost to Australian FTX Creditors’ Chances of Complete Recovery: Supreme Court Verdict

Boost to Australian FTX Creditors’ Chances of Complete Recovery: Supreme Court Verdict

Benito CormiFeb 2, 20242 min read

Australian Dollar Withdrawal Requests A recent ruling by the Victorian Supreme Court has given hope to Australian creditors of the crypto exchange FTX, as it increases…

Celsius, the Troubled Crypto Lender, Emerges from Chapter 11 Bankruptcy and Commits to Distributing $3 Billion in Cryptocurrency to Creditors

Celsius, the Troubled Crypto Lender, Emerges from Chapter 11 Bankruptcy and Commits to Distributing $3 Billion in Cryptocurrency to Creditors

Daisy HodleyFeb 1, 20242 min read

Troubled Crypto Lender Celsius Emerges from Bankruptcy, Plans to Pay Back Creditors Celsius, a crypto lending platform that faced financial troubles, has announced its successful emergence…

Repayment of Crypto to Creditors: Celsius Follows FTX, Revealing the Amount

Repayment of Crypto to Creditors: Celsius Follows FTX, Revealing the Amount

Newt BettecFeb 1, 20242 min read

Celsius to Distribute $3 Billion in Crypto to Creditors Celsius Network, a bankrupt cryptocurrency lending company, has announced its successful emergence from bankruptcy and plans to…

Celsius Delivers on Commitment, Initiates $3 Billion Distribution to Creditors

Celsius Delivers on Commitment, Initiates $3 Billion Distribution to Creditors

Bitro ConwellFeb 1, 20244 min read

Celsius Network Successfully Distributes Over $3 Billion to Creditors After a long and complex bankruptcy process, Celsius Network, a troubled crypto lender, has successfully distributed assets…

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