Celsius has successfully exited bankruptcy and begun repayments. FTX has given up on plans to restart the exchange, but “cautiously predicted” full repayment for users. Mt.Gox creditors report first bank transactions.
Mt.Gox creditors have received e-mails confirming upcoming payments, Celsius has moved funds, but ex-FTX customers have objected to the repayment plan.
The man who promised to "unbank" millions and created one of the worlds largest crypto lending platforms now faces up to three decades in prison after admitting to extensive market manipulation and fraud.
The man who promised to "unbank" millions and created one of the worlds largest crypto lending platforms now faces up to three decades in prison after admitting to extensive market manipulation and fraud.
Celsius has successfully exited bankruptcy and begun repayments. FTX has given up on plans to restart the exchange, but “cautiously predicted” full repayment for users. Mt.Gox creditors report first bank transactions.
Mt.Gox creditors have received e-mails confirming upcoming payments, Celsius has moved funds, but ex-FTX customers have objected to the repayment plan.
Clients who withdrew over $100,000 in the 90 days prior to bankruptcy must pay back the creditor 27.5% of this amount to receive distribution payments under the settlement plan.
Celsius Network has been working on potential litigation against its creditor, blogger Tiffany Fong, for sharing leaked internal information via social media.
Bankrupt Celsius has started withdrawing funds for clients holding deposit accounts for the first time since June last year. But there are a number of restrictions.
Martin Glenn, the federal judge dealing with the bankruptcy of Celsius, ruled that the funds under the Earn program belong to Celsius. At the same time, Letitia James, the Attorney General of New York, filed a lawsuit against Alex Mashinsky.
