Bankruptcy | ForkLog

ForkLog 5 21.11.2023

Celsius poised to become a mining company if SEC approval is granted

Celsius Network will focus solely on cryptocurrency mining after restructuring. This will be possible if the amended plan is approved by the SEC.

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ForkLog 6 21.11.2023

Expert explains case of cryptocurrency realization to settle debts in Russia

Cooperation between Bitcoin exchanges and bankruptcy trustees is at an early stage, but Russia has previously had a precedent of debtor's digital assets being realized.

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ForkLog 13 20.11.2023

Bybit, Bitstamp and several other exchanges began providing client data to Russian banks

Several foreign crypto exchanges are already cooperating with Russian arbitration managers in locating debtors’ digital assets.

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ForkLog 7 17.11.2023

Lawyer explains the legality of tracing a debtor’s bitcoin wallets in Russia

A form for requests to cryptocurrency exchanges to locate the digital assets of bankrupt individuals has circulated online. We explain the legitimacy of such inquiries.

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ForkLog 7 31.10.2023

Court approves liquidation of Bitcoin exchange Bittrex in the United States

The cryptocurrency exchange Bittrex has received court approval for a revised bankruptcy plan and winding down operations in the United States.

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ForkLog 10 03.10.2023

Celsius successor to receive $450 million in digital assets and Nasdaq listing if restructuring plan approved by court

NewCo, which is expected to replace the bankrupt Celsius, will receive $450 million in digital assets and list on Nasdaq if the restructuring plan is approved by the court.

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ForkLog 6 26.09.2023

Celsius creditors vote for restructuring plan

98% of Celsius creditors affected by the bankruptcy backed the restructuring plan of the crypto-lending platform, under which they will recover part of their assets and receive a stake in the new company.

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ForkLog 9 21.09.2023

Mt.Gox pushes back compensation deadline by a year

The management of the bankrupt Bitcoin exchange Mt.Gox warned of extending the deadline for compensation payments—from October 31, 2023 to October 31, 2024.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 15 14.09.2023

Court approves plan for FTX to sell its cryptocurrency assets

A Delaware district judge ruled that the bankrupt FTX exchange may sell its cryptocurrency assets to satisfy creditors' claims. The Block reports.

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ForkLog 6 05.09.2023

Five Bitcoin firms’ collapse yields lawyers more than $700m

Since 2022, specialists have earned more than $700 million from the bankruptcies of five major cryptocurrency companies, including the FTX exchange.

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ForkLog 23 31.08.2023

Genesis creditors call DCG proposal ‘unsatisfactory’.

The court halted Genesis Global Holdco's bankruptcy proceedings due to creditors' disagreement with the terms of the recently proposed Digital Currency Group deal.

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ForkLog 14 29.08.2023

DCG to reimburse Genesis creditors up to 90% of funds

Digital Currency Group, the parent of the bankrupt Genesis Global Holdco, reached an agreement with Genesis creditors to settle claims.

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