creditors
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The Official Committee of Unsecured Creditors of Celsius Extends Auction Deadline
According to reports, the official committee of unsecured creditors of Celsius stated on Twitter that the debtor and UCC have decided to extend the auction until tomorrow (April 26
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Genesis Global Lending Platform: A Case of Bankruptcy and Creditors’ Request for Mediation
According to court documents, creditors of the bankrupt cryptocurrency lending platform Genesis Global have requested the court to appoint a mediator for the bankruptcy proceedings
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The Case of Genesis Global: Creditors Request Mediator for Bankruptcy Proceedings
According to court documents, creditors of the bankrupt cryptocurrency lending platform Genesis Global have requested the court to appoint a mediator for the bankruptcy proceedings
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The Genesis Capital Bankruptcy Saga: New Demands and Uncertainty
According to reports, Digital Currency Group (DCG) issued a statement regarding the filing of a mediation motion against Genesis, stating that two months after the parties agreed t
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FTX Digital: Understanding the Temporary Liquidation Procedure
On April 21st, PwC\’s official website reported that PwC, on behalf of FTX Digital (a Bahamian entity), has issued an email to users advising them to register to ensure that the joi
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Evaluating Options for Restarting or Selling FTX: Updates from the Unsecured Creditors Committee
On April 19th, the official committee of unsecured creditors of FTX announced that it is working with debtors to evaluate all options for restarting or selling FTX and creating val
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NovaWulf plans to take over all assets of Celsius and tokenize the equity of the new company
According to reports, NovaWulf, a digital asset investment company, plans to take over all assets of the bankrupt cryptolending platform Celsius Network and transfer the remaining
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FTX CEO: The company continues to strive to recover value for creditors
According to reports, the CEO of cryptocurrency exchange FTX stated that the company continues to work hard to recover value for creditors.
FTX CEO: The company continues to strive -
Oi OKX Transfers Frozen Assets Linked to FTX and Alameda to Creditors
According to reports, Oi OKX announced that it would transfer approximately $157 million of frozen assets related to FTX and Alameda to creditors. After the FTX crash in November 2
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FTX Notification to Creditors: Clarifying the Claims Process
According to reports, FTX Notification sent an email to some creditors, including customer codes and claimed assets, emphasizing that the court has not set a deadline for submittin
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Genesis requires creditors to submit the amount owed by May 22
According to reports, according to bankruptcy court documents, the bankruptcy lending platform Genesis has requested creditors to explain how much the company owes them before the deadline of May 22, and has requested an auction to be held by the deadline of June 27. Bidders considering the acquisition of Genesis must indicate their interest by May 5th. Interpretation of this information: Genesis, a lending platform that had filed for bankruptcy, has requested creditors to submit their claims before the deadline of May 22. This is a necessary step in the…
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Twitter users: The number of international FTX creditors is approximately 1.4 million
On March 16th, a Twitter user claiming to be a FTX creditor, @ AFTXcredit, said on Twitter that FTX Trading released a creditor form yesterday, with over 2000 pages of PDF files containing each customer’s ID and final account balance. Based on these documents, it is estimated that the number of international FTX creditors is approximately 1.4 million. This is a creditor, not a customer. There are 9.7 million customers. As far as I know, this has made FTX the largest bankruptcy case in history with the largest number of…
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BlockFi creditors object to the seizure of cryptocurrency in the wallet as a bankruptcy claim
It is reported that according to the order of Michael Kaplan, the US bankruptcy judge, BlockFi’s proposal to return the digital assets in the customer’s wallet was postponed, while the two sides tried to resolve their differences. The dispute has escalated to BlockFi accusing creditors of “being divorced from reality”, while creditors accused BlockFi of “losing temper”. Interpretation of this information: The recent news surrounding BlockFi and its bankruptcy case has been met with disappointment as the proposal to return digital assets held by customers has now been postponed. Michael…
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Celsius creditor committee proposes to sue Celsius Lianchuang and other senior executives
According to the report, the official committee of Celsius creditors proposed to sue Alex Mashinsky, the co-founder of Celsius, and other senior executives, accusing them of “fraud, recklessness, serious mismanagement and self-interest”, which eventually led to the collapse of this cryptocurrency lending institution. In a lawsuit filed with the New York Bankruptcy Court on February 14, the lawyer said that the negligent and reckless investment of these executives led to a loss of $1 billion for Celsius in one year, while mismanagement led to another loss of $2.5 billion. Since…