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Creditors

FTX’s Initial $1.2B Payout Process to Creditors Is Underway

Creditors of the collapsed cryptocurrency exchange FTX with claims below $50,000 have started receiving their payouts, which include 9% annual interest accrued since November...

WazirX Asks Creditors to Accept Restructuring Plan or Wait 2030 for Refunds

Key Takeaways Voting on the restructuring plan is set to take place in the coming weeks, with approval requiring a minimum of 75% of creditors...

Indian Crypto Exchange WazirX Tells Creditors to Accept New Scheme, or Wait Till 2030 for Refunds of $230M Hack

WazirX creditors can start to receive their stolen crypto as early as April, or in 2030, based on the outcome of a voting scheme,...

FTX to Distribute $1.2 Billion to Creditors

Key Takeaways The plan promises that approximately 98% of users will receive 119% of their declared claims It values claims based on crypto prices at the...

Celsius to Make Second Payout to Creditors ‘Soon’ as Mashinsky Awaits Day in Court

Celsius will soon begin a second distribution of funds to creditors, according to a court filing on Nov. 27.A total of $127 million will...

FTX Announces March 2025 To Start Repaying Creditors

Key Takeaways Agreements with specialized distribution agents are expected to be finalized in early December The initial creditor payouts are expected in March 2025. FTX, the bankrupt...

Former Alameda Co-CEO Sam Trabucco Agrees to Forfeit $70M, Yacht, Apartments to FTX Creditors

Trabucco, who was part of Sam Bankman-Fried’s inner circle and became Caroline Ellison’s right hand at Alameda Research, the trading firm co-founded by Bankman-Fried,...

Mt. Gox Extends Repayment Deadline, Creditors Wait Patiently

The new deadline has been pushed back by a full year, from October 31, 2024, to October 31, 2025, according to a statement...

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