Tag: bankruptcy
DCG Cannot Reduce Ownership of Genesis Until Bankruptcy Proceedings Close, Judge Rules
The carryforwards can be used to decrease Genesis’ federal income tax liability in current and future years, the motion said, adding that could “trans [...]
Mike Novogratz Seeking More Crypto Bankruptcy Assets: Financial Times
"We have a crypto venture team that has been investing off our balance sheet for five years," Kurz said, according to the newspaper. "The record that [...]
FTX Files Reorganization Plan to End Bankruptcy
In the new proposal, creditor and customer claims are classed according to the priority the estate plans to give them, and the value of claims will be [...]
Alex Jones and Sandy Hook Families Enter Final Stretch in Bankruptcy Fight
Mr. Jones proposed paying the families a combined total of at least $5.5 million annually for a decade, while the families submitted a competing plan [...]
Solana (SOL) Rally Sees FTX’s Holdings Grow to $3.3B, Setting Claims Market on Fire
“The market for claims has gone red hot,” Braziel said via email. “Everything that was off the table is now on the table in terms of issues with claim [...]
Crypto Firm SafeMoon Files for Chapter 7 Bankruptcy, SFM Plunges 42%
The firm's executives were arrested last month on multiple charges.
www.coindesk.com [...]
FTX Bankruptcy Judge Takes Step to Shorten Timeline for Customers’ Recoveries
U.S. Judge John Dorsey, from the Delaware Bankruptcy Court, scheduled a hearing for early next year to calculate the crypto exchange's debt to the IRS [...]
FTX Disputes IRS's 'Alice in Wonderland' Tax Claim
The U.S. government's claim for $24 billion in unpaid taxes by FTX has only one source – taking recoveries away from its victims, FTX said in a court [...]
Core Scientific explains its latest bankruptcy plan ahead of court date
Bitcoin (BTC) miner Core Scientific has released a presentation outlining its plans to emerge from bankruptcy in early January 2024. The presentation [...]
FTX May Sell $744M Worth of Grayscale, Bitwise Fund Shares Including GBTC, Bankruptcy Court Approves
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Zipmex Restructuring Plan Offers Creditors 3.35 Cents on the Dollar: Report
The figure could rise to as high as 29.35 cents on the dollar depending on recoveries in relation to its debt restructuring plan. The proposals have b [...]
Genesis-DCG Propose to Settle Lawsuit: Bankruptcy Filing
The deal would see DCG repay $275 million it owes to Genesis by April.
www.coindesk.com [...]
Genesis Sues Gemini To Recover “Preferential Transfers” Worth $689m
Genesis and Gemini have been embattled in a public and legal feud ever since the collapse of FTX. Genesis filed for bankruptcy in January. Its parent [...]
Celsius to Transition to Mining-Only NewCo After SEC Feedback in Updated Bankruptcy Plan
"In the coming weeks, the Debtors intend to file a motion with the Bankruptcy Court to approve modifications to the Plan to reflect the new Mining New [...]
BlockFi, FTX Can Start Mediation, File Counterclaims as Automatic Stay Is Lifted by U.S. Judge
The stay has been modified to allow FTX debtors to make "arguments, defenses, counterclaims, setoffs, or otherwise ... with respect to the BlockFi cla [...]