OPNX exchange bids for crypto lender Hodlnaut in Singapore
If approved, the deal would see a capital injection of nearly $30 million worth of FLEX tokens into Hodlnaut to partially cover creditors' payout and outstanding claims.
Auto Added by WPeMatico
If approved, the deal would see a capital injection of nearly $30 million worth of FLEX tokens into Hodlnaut to partially cover creditors' payout and outstanding claims.
Digital Currency Group (DCG) is reportedly under investigation in New York for financial transactions involving its subsidiary, Genesis Global Capital.
The company claims to have seen a boost in liquidity in recent months and is expected to exit bankruptcy proceedings by September.
FTX filed for bankruptcy in November 2022, with 102 of its units worldwide entering Chapter 11 proceedings.
Once the bankruptcy plan receives approval, the lender said it intends to concentrate on recovering funds from other defunct firms.
Phony websites offered customers a premium for claiming through them. In reality, they drained customers’ wallets.
As Singapore does not allow dual nationality, 3AC co-founder Kyle Davies said he chose to renounce his U.S. citizenship after getting married and receiving permanent residency.
Reams of dockets from FTX.com have been filed alongside a proposed reorganization plan which could see FTX resurrected as an offshore exchange.
FTX and Genesis lawyers have sent a letter to the bankruptcy judge regarding a settlement agreement.
Bankrupted crypto lender Celsius Network reached two settlements that may allow the return of assets to customers and end its bankruptcy proceedings.