Tag: Creditors
Bankrupt Lender Genesis and Parent DCG Reach Initial Agreement With Main Creditors: Source
The term sheet also involves refinancing the outstanding loans where DCG borrowed $500 million in cash and about $100 million worth of bitcoin (BTC) f [...]
Genesis unsecured creditors’ committee appointed
A seven-member committee has been appointed to represent the interests of unsecured creditors in Genesis Global bankruptcy case, according to court fi [...]
Voyager Creditors Reject Alameda’s Attempt to Recover $446M
The Creditors’ rejection follows a veto by Voyager itself.
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FTX creditors list, BlockFi $1.2B exposure and new Celsius token…
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FTX creditor list shows airlines, charities and tech firms caught in collapse
The complete list of creditors [...]
Australian Crypto Exchange Digital Surge to Pay Back Creditors After Losing $33M on FTX
According to a deed of company arrangement (DoCA), the exchange will receive a loan of 1.25 million Australian dollars from an associated business, Di [...]
New ‘Celsius token’ may be used to repay creditors: report
Bankrupt crypto lending firm Celsius may issue its own token to repay creditors, according to a January 24 report from Bloomberg. The report cites a v [...]
Celsius Proposes Restructuring to Offer One-Time ‘Meaningful Recovery’ Payout for Most Creditors
“[The distribution] would be at a discount. We’re not envisioning a full recovery, but it’s a meaningful recovery, Your Honor,” said Ross Kwastaniet, [...]
Genesis creditors file securities lawsuit against Barry Silbert and DCG
Troubled cryptocurrency company Digital Currency Group (DCG) is facing more legal issues as its subsidiary Genesis Capital got slapped with a new clas [...]
Lawyers for Genesis and Its Creditors Are ‘Optimistic’ for a Quick Resolution to Bankruptcy Woes
According to a declaration filed by Genesis interim CEO Derar Islim, the company has more than $5 billion in liabilities – a sum considerably larger t [...]
What's Next for Genesis Creditors? It Depends on What's in the Bankruptcy Filing
Eric Snyder, partner at Wilk Auslander LLP, says that a substantial amount of haircuts are likely to be made, but that depends on the petition Genesis [...]
Genesis Owes Over $3.5B to Top 50 Creditors
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Hodlnaut creditors reject the restructuring plan, prefer liquidation
The Singapore-based troubled crypto lender is looking at a possible liquidation as the firm's creditors have rejected the proposed restructuring plan [...]
Hodlnaut Creditors Seek Liquidation, Reject Restructuring Plan: Bloomberg
The proposed restructuring plan would have allowed Hodlnaut directors who were at the helm during its collapse to continue managing the company. Liqui [...]
DCG owes creditors over $3B, considering $500M VC portfolio sale
Cryptocurrency broker Genesis Global allegedly owes its creditors more than $3 billion, according to a new report published by the Financial Times on [...]
Troubled Crypto Lender Genesis Owes Creditors Over $3B: FT
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