The Singapore-based firm has proposed to pay creditors 3.35 cents on the dollar in its latest restructuring plan, according to Bloomberg, which cites people familiar with the matter.
WOO Network Buys Back Shares and Tokens From Bankrupt Three Arrows Capital
The 20 million WOO tokens repurchased from 3AC have been sent to a burn address.
Mt. Gox Pushes Repayment Deadline by a Year
The defunct crypto exchange has delayed the deadline for repayments to Oct. 31, 2024.
FTX files motion for Galaxy Digital to manage recovered crypto holdings
Galaxy Digital is set to manage the sale of bankrupt FTX’s crypto holdings and facilitate the staking of certain tokens to generate passive yield.
FTX warns it will claw back political donations and contributions
The exchange warned those who received payments from FTX or its former executives that it’s looking to recover funds even if they were donated to charity.
$1.7M of Bitcoin tied to QuadrigaCX reawakens after years of dormancy
The wallets were thought to be inaccessible following the death of the exchange’s founder in 2018, as he had sole responsibility for the wallet’s private keys.
Three Arrow’s Su Zhu reveals latest attempts at a comeback post-FTX
The fall of FTX appears to have brought back certain crypto “villains” out from hiding, one even wants to start a new podcast series.
Crypto Twitter calls for calm after wETH insolvency joke goes viral
Ethereum bull Anthony Sassano and Gnosis co-founder Martin Köppelmann were among those explaining later that the Wrapped Ethereum (wETH) FUD was part of an inside joke.
FTX bankruptcy freezes millions worth of crypto company funds
Galois Capital, New Huo Technology, and Nestcoin are just some of the crypto firms with funds stuck on FTX as the exchange undertakes bankruptcy filings in the United States.
Celsius co-founder declares his equity is ‘worthless’ in court
It’s unclear if the court declaration by Leon will have any bearing on the value of the shares still in circulation.