The money is collected, but eligibility, loss calculations and payment timing were not public early Thursday.
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The PIPE’s Oct. 10 outside date lands 21 days before the notes mature, with $9.2 million of June liquidity.
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Thor’s diligence right expires before court review, while estate boundaries and claim priorities keep any recovery percentage unresolved.
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Counts I–V survived against four Binance entities and Changpeng Zhao, but the trust still must prove and collect.
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IOND closed its first session at $62.90, while broker transfers and securities restrictions still shaped practical liquidity.
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Creditors who cleared June 16 requirements should be paid within three business days; allowed claim holders still awaiting provider onboarding may forfeit distribution rights.
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The signed offers equal 31.8% of wallet IOUs only in gross arithmetic, before estate boundaries, liens and bankruptcy costs.
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Poolin Technology filed for Chapter 11 with $173 million in claims, lining up a $52 million stalking-horse bid for its Texas mining assets.
BitMEX completed a review of its business and will close on Sept. 23, telling customers to close their positions and withdraw funds before then. The announcement came with no balance-sheet hole, withdrawal freeze, or bankruptcy filing, with Kaiko data putting BitMEX's market share below 0.01% and its daily volume near $400,000. That combination makes BitMEX's […]
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MVMT Labs is the sole named debtor, while Move Industries says it is uninvolved and key asset boundaries remain unresolved.
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Together, the court-entered orders restrict marketing across deposit, exchange, investment, withdrawal and trading products, including assisted activity.
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Section 701 would place qualifying assets held for customers in Chapter 7 customer-property rules, while classification and title-transfer clauses still matter.
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MVMT filed for bankruptcy earlier this month, reporting assets between $100,001 and $500,000 and liabilities of up to $10 million.
Only creditors who cleared the June 16 requirements and can onboard with BitGo, Kraken or Payoneer are on the July 31 clock.
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So far the company's bankruptcy estate has distributed nearly $10 billion to creditors and other claimants since repayments began in 2025.
The court found an undisclosed deficit and said Knaken cannot repay customers in full, leaving recovery to an independent trustee.
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The Brussels-based firm was earlier selected as the buyer for $3.25 million in BlockFills’ Chapter 11 bankruptcy process.
The trust can use disputed documents in its $4 billion-plus case, but the rulings still leave creditor payouts unresolved.
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Sam Bankman-Fried (SBF), the disgraced founder of the bankrupt FTX exchange, is serving a quarter-century in federal prison for orchestrating one of the largest financial frauds in US history. Yet, crypto speculators are wagering that a newly filed presidential pardon application could somehow reverse his fortunes. This week, the disgraced FTX founder officially requested executive […]
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Mt. Gox moved more than $700 million worth of Bitcoin while the market was already under stress, giving traders a familiar reason to ask whether old bankruptcy coins are moving closer to new supply. The estate-linked wallets moved 10,422 BTC on June 2, worth roughly $739 million at the time of the transfer. Most of […]
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Bitcoin ATMs were (and still are) the most tangible and literal implementation of crypto. They turned the process of buying and selling crypto from an abstract act done on a screen and moved it into the real world, enabling people to buy Bitcoin without verification, a bank account, or any real understanding of how custody […]
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The Senate Banking Committee advanced the Digital Asset Market Clarity Act by a 15-9 vote, and the National Cryptocurrency Association (NCA) says the vote's most enduring effect may be the signal that Washington is building a defined regulatory framework for digital assets. The bill still needs a Senate floor vote, and Democrats have raised objections […]
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Terraform Labs accused Jane Street of precipitating the collapse of the UST/LUNA algorithmic stablecoin through insider trading.
FTX will begin its fourth creditor distribution on March 31, with about $2.2 billion set to reach eligible customers through BitGo, Kraken, and Payoneer within 1 to 3 business days. On paper, this might look like just another routine bankruptcy milestone. But in practice, this could be a fresh liquidity test arriving as Bitcoin trades […]
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FTX's fourth round of distributing bankruptcy recoveries arrives at a different moment. The estate will begin sending roughly $2.2 billion to eligible creditors on Mar. 31, just as Bitcoin (BTC) pushed back above $70,000 into what Glassnode called a thin $72,000-$82,000 on-chain zone. FTX announced on Mar. 18 that its fourth distribution will begin Mar. […]
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This marks the fourth distribution for the bankrupt FTX exchange, which has already repaid over $6 billion to former users and investors.
The institutional crypto lender filed for bankruptcy after suspending withdrawals, incurring about $75 million in losses and facing a lawsuit alleging misuse of customer funds.
In February, BlockFills temporarily suspended client deposits and withdrawals, citing recent market and financial conditions.
A quiet shift is underway in the stablecoin hierarchy. While Tether’s USDT still dominates the digital dollar market, the gap between the two largest issuers is narrowing as USDC steadily expands its footprint and Tether’s growth shows signs of softening. Additionally, USDC is gaining ground in the places where the next wave of crypto money […]
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Sam Bankman-Fried filed a motion for a new trial on Feb. 10, advancing a claim that reframes FTX's collapse not as fraud-driven insolvency but as a recoverable liquidity crisis. The motion invokes Rule 33 of the Federal Rules of Criminal Procedure, which permits courts to grant new trials when “the interest of justice so requires,” […]
The post Sam Bankman-Fried requests new trial claiming FTX had $16.5 billion surplus in 2022, but does it matter? appeared first on CryptoSlate.