FTX to submit revised reorganization plan in mid-December
Bankrupt crypto exchange FTX is preparing to present an updated reorganization plan to the court in mid-December.
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Bankrupt crypto exchange FTX is preparing to present an updated reorganization plan to the court in mid-December.
If approved, this third version of the plan will go into effect on Jan. 5, 2024, and see the company add 372 MW in capacity by 2027.
Following their most recent move, FTX and Alameda Research have transferred another significant amount of digital assets, amounting to an impressive $22 million.
Judge Martin Glenn reportedly said that the proposed transformation into a Bitcoin mining business deviates significantly from the deal creditors initially voted on.
Eligible participants can withdraw 72.5% of their cryptocurrency holdings minus transaction fees.
Bankrupt crypto exchange FTX has secured approval from the US bankruptcy court for the sale of crypto trust assets managed by Grayscale as part of efforts to make repayments to…
Sources claim that 3AC co-founder Kyle Davies has been based in Bali for months as he continues to evade Singaporean authorities over the collapse of his failed hedge fund.
Bitcoin mining firm Core Scientific filed a disclosure statement for its third-amended bankruptcy recovery plan on Monday, which incorporates key terms from its Restructuring Term Sheet filed in late October.…
The legal action is pursuing “compensatory and punitive damages” from ByBit regarding the token scheme and the assets held on its platform.
Recovery from the crypto winter is proceeding, but Hodlnaut won’t survive it. A sealed court order in Singapore appears to spell its doom.