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Bankruptcy
Mt. Gox’s 2 Largest Creditors Pick Payout Option That Won’t Force Bitcoin Sell-Off: Sources
The early lump sum payment they picked is set to be paid out in September. The option to wait until all Mt. Gox litigations settle could net higher payouts but may take another five to nine years, sources said.
FTX’s Bahamas Unit Commingled Client, Corporate Funds, Liquidators Say
FTX Digital had bank accounts with a balance of $219 million, according to a PriceWaterhouseCoopers report.
Judge Clears Celsius' Plan to Sell Bitmain Mining Coupons Worth Over $7M
The crypto lender must sell the vouchers before they expire to raise funds for the bankruptcy estate.
FTX Transferred $7.7B From Bahamian Estate to US Units Ahead of Bankruptcy Filing, Court Told
Representatives for FTX said whether assets belong in the Bahamian estate or in the U.S. estate remain open issues.
Celsius's CEL Token May See 20 -Cent Value in Recovery Process, Attorney Says
The token currently has a market value of 54 cents.
Judge Denies Appointment of Independent Examiner in FTX Bankruptcy
Delaware bankruptcy court judge sided with the bankrupt crypto exchange and said there is no need to appoint an examiner to conduct "yet another costly investigation that would slow the progress" of the case.
FTX Seeks to Reclaim $400M From a JPMorgan Account: New York Times
The funds, invested in a hedge fund called Modulo, were converted into cash and are sitting in an interest-bearing account.
Australian Crypto Exchange Digital Surge Set to Come Back Online After Stakeholders Sign Recovery Plan
The exchange is expected to resume trading next week, a source said.
Celsius Seeks to Recover Millions From Mashinsky, Other Former Executives
The former CEO should repay money he transferred in the run-up to the lender’s July bankruptcy, the document said
Celsius Debtors Release Sale Plan, Choose NovaWulf as Plan Sponsor
The plan was reached in consultation with the official committee of unsecured creditors.
