In a revelation brought to light by an account on X (formerly Twitter) under the name “CoinFLEX Real,” allegations have emerged indicating that the founder of CoinFLEX, a derivatives exchange based in Hong Kong, along with their partners at Three Arrows Capital (3AC), have allegedly engaged in the misappropriation of …
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The team overseeing the bankruptcy process has put forward a new plan to distribute the remaining assets to affected creditors. The proposal aims to give creditors back up to 90% of their holdings at the time of FTX’s collapse. Cryptocurrency exchange FTX has introduced an amended proposal to return a …
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A court filing indicates that bankrupt crypto lender Celsius Network either intended to, or is potentially looking at taking legal action against crypto blogger and Celsius creditor Tiffany Fong over leaking internal information. looks like they want to/wanted to even though they owe me $ insane. pic.twitter.com/0EPxVZ6e3f — Tiffany Fong …
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The Zipmex rescue deal was threatened after the investor backtracked on its earlier promise to repay creditors fully. Amid plans to rescue embattled crypto exchange Zipmex from insolvency, the investor has reportedly reneged on its promised 100% payment. According to reports, Zipmex’s rescue investor now seeks to pay only 10 to 20 …
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The crypto space witnessed the bankruptcy of some firms due to the prevailing bearish trend in 2022. Without much warning, the crypto winter swept off lots of funds as the value of most crypto assets plummeted. Subsequently, many companies drowned in the storm of chaos and filed for bankruptcy. Vauld …
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