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The long-anticipated creditor paybacks for FTX, one of the largest and most contentious cryptocurrency bankruptcies of all time, started on February 18, 2025. They kicked off with what was described as “a first phase,” which is focusing on smaller claims and which at least 10,000 people should expect to receive partial payments from. A total … Read more
Nobuaki Kobayashi, the trustee in charge of overseeing Mt Gox’s remaining assets, has pushed back the deadline for creditor repayments by a year, now set for Oct. 31, 2025. Mt Gox Trustee Postpones Repayment Deadline by One Year In an announcement on Thursday, Kobayashi cited delays in distributing the funds recovered after the 2014 collapse … Read more
The native token of the bankrupt crypto exchange FTX has seen sharp bullish action amid looming bankruptcy distributions. Go to Source
Coinbase’s chief legal officer has criticized the U.S. Securities and Exchange Commission (SEC) for its ambiguous position regarding FTX’s proposal to repay creditors using stablecoins or other cryptocurrencies. Although the SEC did not explicitly deem these transactions illegal, it retained the right to contest them, leading to frustration within the crypto community. This uncertainty has … Read more
After a decade of waiting, Mt. Gox customers will find their crypto assets worth much more than when the exchange collapsed. Go to Source
As the Mt. Gox trustee has yet to distribute 64% of the Bitcoin owed to creditors, the Reddit Mt. Gox community is pushing the hodl agenda. Go to Source
The now-defunct crypto lender Blockfi is officially shutting down the firm’s web portal this month according to an update from the firm. Blockfi said that it has partnered with Coinbase to help facilitate the execution of withdrawals to eligible Blockfi customers. Blockfi Collaborates With Coinbase for Withdrawals, Plans to Shut Down Web Portal After the … Read more
FTX’s amended plan contains an exculpation clause that could absolve Sullivan & Cromwell, along with all debtors, of future liabilities. Go to Source
Under the proposed plan, Gemini Earn users may only recover 61% of their lost funds in a worst-case scenario. Go to Source
The embattled crypto lender is seeking final court approval for a restructuring plan that will start repaying creditors before the end of 2023. Go to Source
