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Bankruptcy
FTX Files Reorganization Plan to End Bankruptcy, Repay Creditors
Asset values for creditor claims will be calculated at prices on the day FTX filed for bankruptcy in November 2022, the plan says.
Solana Rally Sees FTX's Holdings Grow to $4.2B, Setting Claims Market on Fire
FTX’s SOL holdings are worth over $4.2 billion in today’s money, up from $1.16 billion from earlier this year.
Crypto Firm SafeMoon Files for Chapter 7 Bankruptcy, SFM Plunges 42%
The firm's executives were arrested last month on multiple charges.
FTX Bankruptcy Judge Takes Step to Shorten Timeline for Customers' Recoveries
FTX victims are closer to getting their money back from the exchange after a federal judge put an end to a time-consuming dispute that has halted the exchange's bankruptcy case.
FTX Disputes IRS's 'Alice in Wonderland' Tax Claim
The U.S. government's claim for $24 billion in unpaid taxes by FTX has only one source – taking recoveries away from its victims, FTX said in a court filing.
Troubled Crypto Exchange Zipmex Proposes to Pay Creditors 3.35 Cents on the Dollar: Bloomberg
Major creditors are opposed to the restructuring plan and have requested an independent review.
Genesis Sues Gemini to Recover 'Preferential Transfers' Worth $689M
Genesis and Gemini have been embroiled in a public and legal feud since the collapse of FTX.
Celsius to Transition to Mining-Only NewCo After SEC Feedback in Updated Bankruptcy Plan
On Monday, a few hours before the Celsius announcement, CoinDesk reported that the SEC wanted more information about the assets of the former crypto lender.
FTX Can Start Mediation, File Counterclaims in BlockFi Bankruptcy Case, Judge Rules
BlockFi filed for bankruptcy in late November last year, in part because of the ripple effects of the sudden collapse of FTX, which triggered an automatic stay that halted proceedings between the two.
FTX Sues Bybit to Claw Back $953M in 'Misappropriated Funds'
The FTX estate says the funds were "preferentially" or "fraudulently" transferred to Bybit and affiliates in the lead up to its November 2022, bankruptcy filing.
