Reorganization Financial News

17.12 / 17:25

FTX reorganization valuation FTX’s Revised Reorganization Plan Addresses Cryptocurrency Claims Valuation

The debtors of now-defunct cryptocurrency exchange FTX have submitted an amended Chapter 11 plan of reorganization, suggesting that customer asset claims should be valued retroactively to the date of the exchange’s collapse in November last year.

14.12 / 14:58

Platform Assurant Gemini Bankruptcy Bitcoin voice reorganization Gemini Earn Users Face Potential 70% Reduction in Promised Bitcoin Payouts Under Proposed Reorganization Plan

Gemini Earn creditors could potentially face up to a 70% reduction in their promised crypto payouts as part of a proposed reorganization plan.

07.12 / 18:41

Provident Maxim CEO Platform recommendations patient reorganization committee ad FTX Ad Hoc Committee Prepares Amended Reorganization Plans Set for December

The FTX 2.0 customer ad hoc committee of the now-defunct crypto exchange has received a response to the letter sent to its official arm.

06.12 / 17:25

Citi Target Booking CEO Citigroup performer reorganization Citigroup reorganization to be completed in first quarter, cost $1 billion

By Tatiana Bautzer and Niket Nishant

24.11 / 16:22

Twitter Bitcoin reports reorganization court approval Celsius Network Announces Court Approval of Reorganization Plan

Celsius Network recently took to Twitter to announce a major milestone in its bankruptcy journey. In a series of tweets, the company shared the news of its Plan of Reorganization receiving court confirmation, following a successful creditor voting process. This announcement marks a significant step forward in Celsius Network's efforts to navigate through bankruptcy and restructure its operations.

21.11 / 19:05

SEC Celsius Celsius bankruptcy reorganization Bankrupt Crypto Lending Firm Celsius Shifts Focus to Bitcoin Mining Amid SEC Feedback on Reorganization Plan

Crypto lender Celsius has amended its reorganization plan, opting for a singular focus on bitcoin mining instead of the initially proposed combination of mining and staking.

21.11 / 15:23

business Mining SEC lending Celsius reorganization Celsius entity to focus only on mining under proposed reorganization plan

Cryptocurrency lending firm Celsius said its reorganized company will focus only on Bitcoin mining following feedback from the United States Securities and Exchange Commission (SEC).

21.11 / 13:37

Citi Career Align Citigroup President country reorganization services Citigroup lifer leaves head of wealth services role amid reorganization

Citigroup Inc. said its head of wealth services is leaving as the lender conducts a global reorganization.

26.09 / 12:21

regulation Oil and Gas Petro Agency reorganization 2024 Venezuela extends reorganization shutdown of crypto agency to March 2024

Venezuela was one of the first Latin American countries to establish its own crypto oversight body, the National Superintendency of Crypto Assets (Sunacrip). Now, the government says it will take six extra months to ‘reorganize” the entity, which de-facto stopped its work in March 2023.

26.09 / 02:09

business Law regulation Court Bankruptcy reorganization Celsius creditors vote in favor of reorganization plan

The creditors involved in the Celsius bankruptcy case have voted in favor of a plan that will see funds returned to them as well as distributing equity through a new company.

16.06 / 03:56

regulation Bitcoin Regulation Bankruptcy Celsius Bitcoin reorganization Celsius seeks to convert alts to Bitcoin and Ether under reorganization plan

Defunct crypto lender Celsius has revised its bankruptcy filing, awaiting approval from a bankruptcy court in New York after a successful acquisition deal with the Fahrenheit crypto consortium. The crypto lender filed its reorganization plan on June 15.

23.05 / 00:13

Provident Twitter Fallout Nov reorganization BlockFi Sent Out Reorganization Plan ‘Prematurely,’ Court Orders Them Withdrawn

Bankruptcy cryptocurrency lender BlockFi took back statements it made earlier this month about a plan to reorganize which it said was done “prematurely.”

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