FTX blocked Chinese creditors from paying compensation in the name of so-called "restricted jurisdiction". What is the official reason it gave? Is this basis for refusing compensation tenable?
JinseFinanceThe restructuring team of bankrupt cryptocurrency exchange FTX has recently proposed a repayment plan, which has been approved by an overwhelming vote of creditors. The court confirmation hearing of the repayment plan will be held on the 7th. All creditors will pay close attention to this hearing. If the plan is approved by the court, most creditors are expected to start receiving compensation before the end of 2024.
WenJunCelsius, post-bankruptcy, distributes $2B crypto via PayPal and Coinbase. Legal updates detail successful distribution to most creditors; challenges remain for some. Speculation arises on market impact; conflict of interest concerns surface in legal proceedings.
EdmundFTX's new reorganization plan could result in substantial losses for creditors, based on past cryptocurrency values.
KikyoBankrupt crypto broker Genesis has filed details on how it will pay back its creditors.
decryptHodlnaut creditors said they would prefer the company undergo liquidation after rejecting a restructuring proposal.
BeincryptoThe legal tussle mirrors those already held for collapsed crypto lender Celsius and the FTX exchange.
CoindeskCelsius said that Equities First still owes its $439 million.
CoindeskVauld's parent company Defi Payments Ltd says the moratorium granted on Monday will give it the necessary breathing room to form a restructuring plan.
CointelegraphThe crypto exchange, which is backed by Peter Thiel and Coinbase, halted withdrawals in July following an apparent run on its assets.
Cointelegraph