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FTX says creditors supported reorganization plan with 95% vote

[Aug 22 11:59 AM] FTX chief restructuring officer and CEO John Ray III said the plan promises 100% return plus interest for non-governmental creditors.

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

[Mar 25 2:00 PM] Half a year ago, firms specializing in acquiring troubled companies and their debts were actively accumulating FTX bankruptcy claims worth millions, offering $0.33 for every dollar of claim. Presently, the valuation of these claims has…

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

[Feb 1 7:30 AM] Bankrupt cryptocurrency lending company Celsius Network has followed behind FTX, revealing plans to disburse billions of dollars in crypto to creditors and establish a new Bitcoin mining company for its creditors.  Celsius To Distribute $3 Billion…

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

[Jan 22 1:00 PM] Following the submission of a proposal by FTX estate debtors to reimburse customer assets based on their value as of Nov. 11, 2022, numerous objections have been raised by customers. A notable objection comes from an FTX client in France, who…

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

[Dec 28, 2023 10:30 AM] On Dec. 27, 2023, FTX debtors released a projected valuation of claims involving digital assets, with the proposal suggesting conversion of claims into dollar amounts pegged to crypto asset values as of Nov. 11, 2022. Consequently, an individual…

MicroStrategy’s Bitcoin stash back in profit with BTC price above $30K

[Oct 23, 2023 8:32 AM] The Michael Saylor-led software firm has made $132 million in unrealized profits from its Bitcoin bet.

An Urban Farmstead Emerges From 3AC Co-Founder’s Bankrupt-Shadowed Mansion

[Oct 5, 2023 2:30 AM] According to a report, the spouse of Three Arrows Capital (3AC) co-founder Su Zhu has transformed their residence into a farmstead. The farm reportedly boasts numerous garden beds, a variety of composting zones, and the couple’s swimming pool…

A Lehman Opportunity — Distressed-Debt Titans Eye Huge Returns in FTX Claims Market

[Sep 23, 2023 2:00 PM] Prominent distressed-debt moguls are diving into the FTX bankruptcy claims arena, seizing debts at bargain prices with aspirations of lofty profits. This year, Silver Point Capital, Diameter Capital Partners, and Attestor Capital have acquired over…