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Mt Gox Funds Arrive at Kraken: Bitcoin and Bitcoin Cash Distributions Expected Soon

[Jul 16, 2024 8:45 AM] According to a recent update from Kraken, the centralized cryptocurrency exchange has received funds from the Mt Gox trustee. Consequently, bitcoin (BTC) and bitcoin cash (BCH) payouts will be distributed to creditors’ accounts within 7 to…

Mt Gox Trustee Transfers $2.7B in Bitcoin, Creating 19th Largest BTC Wallet

[Jul 4, 2024 7:58 PM] On Thursday, the trustee overseeing the Mt. Gox bitcoins transferred about 47,228.73 BTC to an undisclosed address. The transfer, valued at approximately $2.7 billion, leaves Mt. Gox with around 141,687 BTC worth nearly $8.1 billion. This…

Bitcoin derivatives turn bearish as traders anticipate sub $60K BTC price

[Jun 24, 2024 1:15 PM] Bitcoin derivatives data suggests that macroeconomic and crypto-specific factors are behind BTC’s recent drop below $60,000.

Deadline Approaching: Mt Gox Trustee Sets Final Cut-off Date for Creditors to Claim Over $3 Billion in Recovered Bitcoin

[Mar 9, 2023 12:30 AM] The Tokyo bankruptcy court trustee for the defunct Japanese bitcoin exchange Mt Gox, Nobuaki Kobayashi, has published a letter stating that creditors have until March 10, 2023 (Japan Time) to register their repayment claims. Kobayashi explains that…

Voyager victim calls for trustee to seize control of the estate

[Feb 2, 2023 12:15 AM] The 120-page motion came from a creditor who asked for the appointment of a chapter 11 trustee citing alleged fraud and incompetence at Voyager.

FTX lawyers: Examiner could cost $100M and ‘provide no benefit’

[Jan 25, 2023 11:02 PM] FTX lawyers, joint provisional liquidators of FTX US and the Bahamas and a committee of creditors have all opposed the appointment of an independent examiner.

Celsius Floats Possibility of Debt Token to Repay Creditors; Secures Court Approval to Process Customer Withdrawals

[Jan 25, 2023 4:30 PM] The defunct crypto lender Celsius is exploring the possibility of creating a debt token to repay creditors. The plan would need to be approved by regulators, but if approved by the trustee and financial authorities, the debt token would be called…

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…

FTX CEO fights to keep lawyers as calls for removal intensify

[Jan 18, 2023 8:03 PM] Numerous parties have objected to the retention of Sullivan & Cromwell as lead counsel to FTX, citing conflicts of interest and insufficient disclosures.

Celsius wants to extend the deadline for claims as lawyer fees mount

[Dec 29, 2022 12:01 AM] Administrative expenses from the bankruptcy proceedings have already topped $53 million, and continued delays are chipping away at Celsius’ estate.