Creditors

The cryptocurrency belonging to the defunct cryptocurrency exchange FTX (CRYPTO: FTT) dramatically jumped on Sunday, dwarfing the gains made by the rest of the market. What happened: FTT exploded more than 60% over the last 24 hours, turning out to be the market's biggest gainer by a mile. The coin...

In its final move to end the bankruptcy case, FTX has taken a step forward to launch a yet-to-be-approved proposal for returning money to creditors. What Happened: FTX Trading (CRYPTO: FTT) looks to end its bankruptcy case by launching a proposal to return significant money to customers and...

Defunct cryptocurrency lending and borrowing platform Celsius is preparing to file a motion to extend the bar date for its account holders, as part of its ongoing bankruptcy proceedings. The bar date, also known as the deadline to file a claim, is currently set for Jan. 3, 2023. However, Celsius is...

Cryptocurrency company Nexo has sent an open letter to Vauld's creditors, stating that the potential deal between the two companies is not yet over. The letter, dated Monday, Dec. 26, includes Nexo's final proposal to Vauld with some amendments to its earlier proposal. Nexo claims that...