The crypto lender has 206,300 Ether currently in the staking withdrawal queue, according to Nansen.
Gemini creditors revolt over ‘brutal’ Bitcoin slashing reorg plan
Under the proposed plan, Gemini Earn users may only recover 61% of their lost funds in a worst-case scenario.
Celsius seeks court approval to start repaying customers by year-end
The embattled crypto lender is seeking final court approval for a restructuring plan that will start repaying creditors before the end of 2023.
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 flag renewed phishing attacks ahead of bankruptcy plan
Creditors of crypto lender Celsius Network have reported receiving a new flood of phishing emails, likely resulting from two data breaches last year.
DCG Reaches Crucial In-Principle Deal With Genesis Creditors, Recoveries Could Be Up to 90%
Digital Currency Group (DCG) and Genesis creditors have reached a deal in principle to resolve the claims in the Genesis Capital Chapter 11 cases, according to a court filing on Tuesday.
BlockFi argues FTX, Three Arrows Capital isn’t entitled to repayments
BlockFi argues its creditors, not FTX’s, are the “ultimate victims” of FTX’s alleged fraud.
FTX Fires Back at Creditors ‘Willing to Gamble Estate Assets on Higher Returns’
The committee of unsecured creditors criticized the bankrupt estate’s reorganization plan submitted to court in July.
Winklevoss slams DCG’s Silbert — Not even SBF was ‘capable of such delusion’
In an open letter, Cameron Winklevoss slammed DCG’s Barry Silbert for allegedly playing the victim card while owing $1.2 billion to Gemini’s 232,000 Earn customers.
Crypto exchange TrigonX latest to emerge from the FTX rubble
TrigonX is back from the dead after it went into receivership in December, due in part to its $13 million exposure to bankrupt crypto exchange FTX.
FTX seeks to claw back $460M from Bankman-Fried-backed VC firm
While the funds represent a small portion of FTX’s overall asset shortfall, the settlement means the firms can avoid a costly legal battle.
SEC not allowed to punish Voyager advisers over bankruptcy token, says US judge
The SEC claims the transactions involved with redistributing the funds to impacted Voyager account holders will trigger U.S. securities laws.
Mt. Gox’s 2 Largest Creditors Pick Payout Option That Won’t Force Bitcoin Selloff: Sources
The two largest creditors of failed crypto exchange Mt. Gox have picked a repayment option that could allay fears bankruptcy repayments will tank the price of bitcoin, sources say.
Genesis entity going up for sale as DCG makes creditor pact
Digital Currency Group (DCG) plans to hand Genesis its stake in the Genesis Global Trading business entity which will then be sold, pending court approval.
FTX creditor list shows airlines, charities and tech firms caught in collapse
The over 100-page long document lists every entity FTX owes money to, inclusive of Big Tech players to local businesses from its Bahamian headquarters.
Crypto exchange Digital Surge emerges as a rare survivor of FTX fallout
The Australian crypto exchange had $23.4 million of digital assets locked on FTX when it collapsed and FTX’s Australian subsidiary went into administration.
FTX customers are safe from being doxxed, for now
The decision comes after a Jan. 8 filing by FTX’s lawyers, who argued that public disclosure could create an undue risk of identity theft or unlawful injury to FTX creditors.
FTX resumes paying staff and contractors after weeks in limbo
The payments will exclude former FTX CEO Sam Bankman-Fried, and certain former execs including Gary Wang, Nishad Singh, and Alameda’s Caroline Ellison.
Celsius bankruptcy case Trustee slams $3M employee bonus motion
The Trustee has objected to the retention bonus, citing a lack of sufficient information within the motion to warrant such a high payout and a lack of clarity around whether any recipients should be considered insiders.
Voyager customers could recover 72% of frozen crypto under FTX deal
The plan is tentative at this stage and won’t be finalized until it receives approval from Voyager’s creditors and the bankruptcy payout plan is approved by the judge.