Tag: Creditors
BlockFi Bet Big on FTX and Alameda Even After Seeing Infamous Balance Sheet, Creditors Say
BlockFi “failed to complete basic due diligence” on Bankman-Fried’s empire, offering “special treatment for FTT and Alameda… that cast risk management [...]
Creditors for bankrupt Voyager Digital billed $5.1M in legal fees
New York-based law firm McDermott Will & Emery filed for compensation of $5.1 million from the creditors of bankrupt crypto brokerage firm Voyager [...]
Voyager Creditors Billed $5.1M for March-May by Law Firm
Latest bill brings total compensation bills to $16.4 million for bankruptcy and restructuring firm.
www.coindesk.com [...]
Kyle Davies to donate future OPNX earnings to 3AC creditors for ‘karma’
The co-founders of collapsed crypto hedge fund Three Arrows Capital (3AC) have pledged to donate a portion of earnings from their newest crypto ventur [...]
Three Arrows Founders to Donate Future Earnings to Creditors in Spirit of 'Karma'
The founders of the hedge fund that filed for bankruptcy last year have started an exchange for creditor claims, which is seeing $50 million in tradin [...]
‘End the Extortion:’ BlockFi Creditors File to Liquidate Estate
“It is time to end all of this,” the creditors’ filing said, adding that, unlike other cases of alleged crypto wrongdoing, such as Sam Bankman-Fried’s [...]
Celsius creditors allege Wintermute facilitated ‘wash trading’: Report
Creditors of bankrupt cryptocurrency lending platform Celsius have alleged that crypto market maker Wintermute assisted Celsius executives in manipula [...]
SEC waives BlockFi’s $30M fine until creditors are paid
The United States Securities and Exchange Commission (SEC) has agreed to postpone the payment of a $30 million fine from bankrupt crypto lender BlockF [...]
Genesis Bankruptcy Judge Extends Mediation Period Between Genesis, Creditors
The insolvent lender will now have until August 2 to submit a plan to emerge from bankruptcy.
www.coindesk.com [...]
BlockFi used customer money to buy $30M insurance, creditors claim
Disgruntled creditors of the bankrupt cryptocurrency lending firm BlockFi have submitted a new court filing in response to the company’s latest restru [...]
Crypto Lender BlockFi’s Management Was Cause of Collapse, Creditors Say
However, nobody at BlockFi bothered to follow through with this, including the restructuring team, and no bond was posted, the creditors said. “It’s a [...]
QuadrigaCX creditors set to receive 13% of their claims as an ‘interim dividend’
Creditors of the bankrupt Canadian crypto exchange QuadrigaCX are set to receive 13% of their total claims as part of an “interim dividend.” According [...]
Voyager creditors could start seeing funds in the ‘next few weeks’
Funds stuck on the platform of bankrupt crypto broker Voyager Digital may begin returning to creditors in "the next few weeks," according to a committ [...]
Celsius eyes merge of entities as creditors claim distinctions were a ‘sham’
Defunct crypto lender Celsius Network is looking to combine its United Kingdom and United States entities as new court filings allege that any suppose [...]
Celsius creditors demand transparency on ‘suspicious’ FTX transactions
Celsius creditors claim that some FTX users have engaged in suspicious trades that may have manipulated the price of the Celsius (CEL) token in 2022. [...]