A proposed settlement could see creditors receive a shortfall claim of $8.9 billion for FTX.com and $166 million for FTX US.
Crypto lender BlockFi gets court nod to repay customers
The approval is seen as a milestone moment for BlockFi’s over 100,000 creditors, who have been long awaiting repayment.
Celsius creditors allege Wintermute facilitated ‘wash trading’: Report
It was alleged that Celsius executives engaged Wintermute to conduct wash trading to “fraudulently” manipulate trading volumes on the Celsius platform.
BlockFi to sell $160M in Bitcoin miner-backed loans: Report
The deadline for bidders to submit offers for the Bitcoin-machine-backed loans is set for Jan. 24.
BlockFi files motion to return frozen crypto to wallet users
Crypto lender BlockFi has asked a U.S. Bankruptcy Court for the authority to return the crypto held in BlockFi Wallets to users.
Bahamian liquidators reject validity of FTX’s US bankruptcy filing
The provisional liquidator overseeing the FTX Digital Markets bankruptcy proceedings says FTX wasn’t authorized to file for bankruptcy in the U.S without his approval.