Failed Crypto Lender Genesis To Repay $3B To Creditors In Bankruptcy Case
Judge Sean Lane greenlit Genesis Global’s Chapter 11 plan on Friday, allowing the failed crypto lender to repay creditors roughly $3b in crypto.
Judge Sean Lane greenlit Genesis Global’s Chapter 11 plan on Friday, allowing the failed crypto lender to repay creditors roughly $3b in crypto.
FTX Trading Ltd. proposes a strategy to settle over US$14 billion in debts, aiming to fully repay creditors in full with interest. FTX.
FTX has dropped its plans to relaunch the exchange, failing to meet sufficient capital, but the exchange, instead, focuses on repaying its customer.
Embattled crypto lender Celsius has moved over $125 million in Ethereum (ETH) to various cryptocurrency exchanges in the last week, signaling its plans.