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US Trustee challenges FTX reorganization plan, citing legal concerns

[Aug 25 7:49 AM] The objections raised by the US Trustee and the creditor group are likely to play a significant role in the court’s deliberations.

FTX and CFTC agree to $12.7B settlement, subject to court approval

[Jul 16 5:00 PM] The US commodities regulator didn’t seek a civil monetary penalty, meaning the entire $12.7 billion would be used to pay back FTX’s creditors.

Gemini creditors revolt over ‘brutal’ Bitcoin slashing reorg plan

[Dec 13, 2023 11:04 PM] Under the proposed plan, Gemini Earn users may only recover 61% of their lost funds in a worst-case scenario.

DCG Fails to Make $630M Payment to Creditors Amid Genesis Negotiations, Says Gemini

[May 23, 2023 4:00 AM] In the midst of the financial dispute between crypto exchange Gemini and Digital Currency Group (DCG), Gemini has alleged that DCG failed to make a payment of around $630 million that was due last week. In response, Gemini has stated that it may…

Crypto Lender Celsius to Be Acquired by Novawulf, Exiting Chapter 11 

[Feb 16, 2023 8:30 AM] Crypto lender Celsius’ committee of unsecured creditors has chosen the digital asset investment firm Novawulf Digital Management to sponsor the company’s reorganization plan, according to a statement published on Wednesday. The…

FTX’s $5.5 Billion in Alleged ‘Liquid Assets’ Includes Locked SOL Cache and Illiquid FTT Holdings

[Jan 19, 2023 11:30 AM] Two days ago, bankruptcy administrators and FTX debtors published an update for unsecured creditors claiming the discovery of $5.5 billion in liquid assets. Roughly $3.5 billion of these funds are cryptocurrency assets, with 11 different digital…