News with the tag "Bankruptcy plan"

FTX bankruptcy plan approval In a significant development for the cryptocurrency industry, a bankruptcy court in Delaware, U.S., has approved FTX’s bankruptcy plan during a confirmation hearing held earlier today. This decision marks a crucial step in the ongoing efforts to resolve the collapse of t...

Key Points: A Delaware judge has approved the FTX bankruptcy plan for cash repayment to customers, coupled with interest, in a significant step toward resolving the exchange’s protracted financial woes. FTX Bankruptcy Plan Approved for Cash Payouts The FTX bankruptcy plan could see up to $16 billion...

FTX lawyers stressed that in-kind crypto payouts would clash with bankruptcy laws but several creditors feel shortchanged by the proposed cash repayments plan.

A committee representing the interests of FTX customers is pushing back against a proposed bankruptcy plan, claiming that it violates their property rights.

A proposed settlement could see creditors receive a shortfall claim of $8.9 billion for FTX.com and $166 million for FTX US.

Creditors from bankrupt crypto moneylender Celsius Organization are again being designated in another flood of phishing assaults as the crypto lender’s bankruptcy proceedings enters its last stages. Writes about web-based entertainment over the course of the last week have shown an expansion in phis...

BlockFi’s bankruptcy plan is progressing after the firm announced its disclosure statement was conditionally approved.