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Category Chapter 11

MainNewsChapter 11
Bankrupt Crypto Exchange FTX Set To Begin Paying Creditors and Customers in Early 2025, Says CEO

Bankrupt Crypto Exchange FTX Set To Begin Paying Creditors and Customers in Early 2025, Says CEO

The CEO of fallen crypto exchange FTX says the firm will begin distributing its bankruptcy payments soon. In a statement, John Jay Ray III says pay...
Nov, 22, 2024
2 min read
by The Daily Hodl
Blockfi Receives $250M USDC Deposit, Sparking Hopes for Creditor Repayments

Blockfi Receives $250M USDC Deposit, Sparking Hopes for Creditor Repayments

Onchain data reveals that Blockfi, a now-bankrupt crypto lending firm, received a hefty $250 million deposit (1, 2) to one of its flagged addresses...
Sep, 23, 2024
by Bitcoin News
SEC Warns FTX Over Legality of Crypto Asset Distribution in Chapter 11 Plan

SEC Warns FTX Over Legality of Crypto Asset Distribution in Chapter 11 Plan

The U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its “crypto asset securities.” The S...
Sep, 02, 2024
by Bitcoin News
Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm

Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm

Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows bor...
Sep, 01, 2024
by Bitcoin News
Terraform Labs’ Fate Hinges on Sept. 19 Bankruptcy Hearing

Terraform Labs’ Fate Hinges on Sept. 19 Bankruptcy Hearing

The Chapter 11 bankruptcy reorganization hearing for Terraform Labs Pte. Ltd. and Terraform Labs Limited is set for Sept. 19, 2024, at 10 a.m. EDT....
Aug, 21, 2024
by Bitcoin News