Three Arrows Demands $1.3 Billion From Bankrupt Terraform Labs
The brains behind the controversial TerraUSD and LUNA coins, TerraForm Labs, are now said to be the target of an eye-popping $1.3 billion lawsuit filed by Three Arrows Capital (3AC)…
Bankrupt Crypto Lender BlockFi to Commence Repayments This Month
Bankrupt crypto lender BlockFi announced a significant step in its effort to repay its clients. In an X post on Wednesday, the lender noted that the first interim distribution of…
Bankrupt Crypto Lender Genesis to Repay $3 Billion to Creditors
U.S. Bankruptcy Judge Sean Lane approved Genesis Global’s Chapter 11 liquidation plan on Friday, enabling the bankrupt cryptocurrency lender to return approximately $3 billion in cash and crypto to its…
Bankrupt Crypto Exchange FTX Lines Up $16 Billion To Repay Creditors
Bankrupt cryptocurrency exchange, FTX has unveiled a new repayment plan aimed at reimbursing creditors and customers in full and offering billions in the form of compensation for the time value…
Battle Over ‘Sam Coins’: FTX Customers Demand Millions From Bankrupt Crypto Firm
FTX customers are demanding substantial payouts from the bankrupt crypto firm. These customers claim three digital tokens, known as “Sam Coins,” deserve a higher value despite their association with convicted…
FTX Creditors Rejoice: Bankrupt Crypto Exchange Is Adding $1 Billion To Its Balance Sheet
A United States Judge has granted the request of FTX, the bankrupt cryptocurrency exchange, to sell off its substantial stake in an Artificial Intelligence (AI) startup company, Anthropic, enabling the…
Bankrupt Genesis Global Resolves SEC’s Earn Lawsuit
Crypto lender Genesis Global has settled with the U.S. Securities and Exchange Commission (SEC) in a lawsuit related to its bankrupt Gemini Earn lending program. As part of the deal,…
Bankrupt FTX Stirs Controversy With Repayment Plan: Bitcoin Valued At $16,000 For Customers
In a recent filing on December 27, bankrupt cryptocurrency exchange FTX unveiled its repayment plan, triggering customer outrage and discontent. The plan, which values customers’ digital assets at the time…