FTX, formerly one of the largest crypto trading exchanges in the world, may be getting a tax break. A proposed settlement ...
FTX creditors learned that 98% of them will receive up to 118% of their lost funds following the exchange’s implosion.
Bankrupt crypto exchange FTX reached a tentative agreement with its largest creditor, the United States Internal Revenue Service (IRS). According to a June 3 filing, the exchange and the IRS agreed to ...
The IRS will receive a $200 million priority claim in the FTX bankruptcy. Bloomberg Law reports ( paywall) FTX settled the IRS $24 billion claim for $200 million, to be paid within 60 days of the ...
Binance, the largest shareholder of Gopax, recently sold the asset claims of Gopax victims at less than half their face value ...
In most cases a company files Chapter 11 when it realizes it can't pay all its bills but believes it can find new funding or make deals with its creditors if it gains some breathing room.
NEW YORK, June 4 (Reuters) - FTX on Tuesday asked a U.S. judge to stop outside litigation against company insiders and venture capital firms accused of playing a role in the bankrupt crypto ...
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Les Masterson is a deputy editor and insurance analyst at Forbes Advisor. He has been a journalist, reporter, editor and content creator for more than 25 years. He has covered insurance for a ...
A group of Venezuela creditors is seeking funding from JPMorgan Chase & Co. in a $7 billion bid for the parent of Citgo Petroleum Corp., according to people familiar with the process. The group ...