Kraken finishes Mt. Gox Bitcoin distribution, but creditors aren’t selling BTC
Mt. Gox creditors aren’t selling their Bitcoin, despite preliminary concerns that 99% of them could be looking to offload BTC. Go to Source
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Blockfi to Begin Interim Crypto Distributions via Coinbase This Month
Crypto lender Blockfi announced that it will begin interim crypto distributions via Coinbase this month. U.S. clients will receive notifications, while non-U.S. clients face regulatory restrictions. Blockfi, which filed for bankruptcy protection in November 2022, is now collaborating with Coinbase to maintain withdrawals and plan future distributions, including those recovered from FTX. Blockfi to Begin … Read more
FTX and CFTC agree to $12.7B settlement, subject to court approval
The US commodities regulator didn’t seek a civil monetary penalty, meaning the entire $12.7 billion would be used to pay back FTX’s creditors. Go to Source
Terraform Labs to sell 4 companies as part of wind-down
The bankrupt Terraform Labs is looking to sell four of its companies as it winds down operations to comply with its multi-billion SEC deal. Go to Source
Bitcoin bulls refuse to flip bearish despite the $53,300 retest
BTC derivatives continue to show moderate bullishness, creating a positive outlook for reclaiming $60,000 soon. Go to Source
HectorDAO files for Chapter 15 bankruptcy in the US
The decentralized autonomous organization was first impacted by the collapse of the Terra ecosystem in 2022 and suffered $16.4 million in losses. Go to Source
Bitflyer Takes Over FTX’s Defunct Japanese Unit: NHK
According to a local report, the Japan-based crypto exchange Bitflyer has acquired the failed Japanese unit of FTX. The report indicates that arrangements are currently underway to take over the business. Bitflyer Acquires Bankrupt FTX Japan, Local Report Claims On June 20, 2024, NHK reported that Japan’s Bitflyer acquired the now-defunct Japanese unit of FTX. … Read more
Japanese exchange BitFlyer to acquire FTX Japan
FTX Japan, a Japanese subsidiary of the collapsed FTX exchange, is preparing to return with a new owner after repaying its customers in 2023. Go to Source
FTX victims go after company’s assets from criminal forfeiture
Though Sam Bankman-Fried is currently serving a prison sentence, affected FTX customers and creditors are making claims on the firm’s assets, which are still worth millions. Go to Source
FTX creditors object to bankruptcy reorganization plan
The group of creditors, led by Sunil Kavuri, cited several concerns, including forced taxation, which would compromise creditors’ best interests. Go to Source
