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CATEGORY: repayment plan

Genesis Global secures court approval for $3B payout
Author: Cointelegraph by Amaka Nwaokocha
United States
Source: Cointelegraph.com News
May 19, 2024 12:00

Genesis Global secures court approval for $3B payout

According to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCGs equity stake.

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FTX's Restructuring Plan: Aiming for Full Customer Repayment Without Relaunching Exchange
Hong Kong
Source: Blockchain News
Feb 02, 2024 02:15

FTX's Restructuring Plan: Aiming for Full Customer Repayment Without Relaunching Exchange


FTX aims to fully reimburse its customers and creditors as part of its restructuring plan. This approach, focusing on repayment without relaunching the exchange, is based on valuations of assets as of November 2022, drawing mixed reactions from the crypto community. (Read More)

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