Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and ...
FTX proposed a new plan to repay creditors on May 8, aiming to fully reimburse all claims plus some additional compensation. Only creditors holding claims in an allowed amount below $50,000 will be ...
According to the initial petition, over 100,000 creditors claimed they were owed ... income" resulting from Bankman-Fried's ...
the estate still managed to generate this 18% “profit” for the creditors. However, it seems that the firms facilitating FTX’s bankruptcy proceedings are also receiving fair compensation.
FTX laid out a proposal to a US bankruptcy ... About 98 per cent of creditors will receive this compensation. But some creditors have described the plan as “insulting”. Their unhappiness ...
Meanwhile, the Bahamian liquidators for FTX Digital Markets are also supporting a Chapter 11 reorganisation plan that will see the crypto exchange’s creditors and investors recover more than ...
Binance, the largest shareholder of Gopax, recently sold the asset claims of Gopax victims at less than half their face value ...
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 ...
Vela’s commentary comes on the heels of FTX’s new compensation proposal, promising billions to affected users and creditors. Despite these measures, the crypto industry faces ongoing ...