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Cryptorank

Category Crypto Bankruptcy

Celsius Victims Flood Court with 200+ Pleas as Mashinsky Faces Sentencing

Celsius Victims Flood Court with 200+ Pleas as Mashinsky Faces Sentencing

More than 200 victim impact statements have portrayed emotional damage after Celsius collapsed, as founder Alex Mashinsky, who has admitted to frau...
FTX Bankruptcy Claims Surge in Value: Bids Now Approach 93 Cents on the Dollar

FTX Bankruptcy Claims Surge in Value: Bids Now Approach 93 Cents on the Dollar

Half a year ago, firms specializing in acquiring troubled companies and their debts were actively accumulating FTX bankruptcy claims worth millions...
Celsius Follows FTX As It Begins Repaying Crypto To Creditors, Here’s How Much

Celsius Follows FTX As It Begins Repaying Crypto To Creditors, Here’s How Much

Bankrupt cryptocurrency lending company Celsius Network has followed behind FTX, revealing plans to disburse billions of dollars in crypto to credi...
FTX Payment Plan Faces Backlash, Clients Slam 2022 Asset Valuation as ‘Theft,’ Urge Court for Fair Redress

FTX Payment Plan Faces Backlash, Clients Slam 2022 Asset Valuation as ‘Theft,’ Urge Court for Fair Redress

Following the submission of a proposal by FTX estate debtors to reimburse customer assets based on their value as of Nov. 11, 2022, numerous object...
FTX Estate Faces Objections Over Lowered Crypto Claims Valuation Amid Bankruptcy Proceedings

FTX Estate Faces Objections Over Lowered Crypto Claims Valuation Amid Bankruptcy Proceedings

On Dec. 27, 2023, FTX debtors released a projected valuation of claims involving digital assets, with the proposal suggesting conversion of claims ...