bankruptcy
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F06%2FJulian-Assange.jpg&w=1536&q=40)
Plus, FTX creditors can soon vote on the distribution plan proposed by debtors, and it isn’t a fan favorite
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F06%2Fftx.jpg&w=1536&q=40)
FTX debtors will pay the IRS $200M, with an outstanding lower priority claim of $685M
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F05%2Falex-thorn.jpg&w=1536&q=40)
The Mt Gox distributions may cause more downward pressure on bitcoin cash than bitcoin, Galaxy says
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F05%2Fftx.jpg&w=1536&q=40)
FTX seems to be nearing the finish line almost two years after initiating the bankruptcy process
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F03%2Fftx-blue.jpg&w=1536&q=40)
Jane Street, a Mubadala-linked fund and Fidelity-linked funds are some of the top buyers, according to court documents
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F02%2Fgenesis-1.jpg&w=1536&q=40)
The hearings are expected to last for a couple of days as the court hears arguments for and against the bankruptcy plan proposed by Genesis
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F02%2Fftx-.jpg&w=1536&q=40)
Judge John Dorsey approved the motion to sell, which was filed earlier this month
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F02%2Fletitia-james-1.jpg&w=1536&q=40)
The parent company of bankrupt lender Genesis filed an objection to its settlement agreement with the NYAG on Wednesday
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F02%2Fftx-cracked-logo.jpg&w=1536&q=40)
CoinList plans to buy the company, which holds a South Dakota license to offer custody services
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F02%2Fdcg-ceo.jpg&w=1536&q=40)
DCG says the plan “strips” the company of “other valuable economic and corporate governance rights”
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F01%2Fmining.jpg&w=1536&q=40)
Some creditors to the erstwhile crypto lending platform are slated to become shareholders in the bitcoin mining company
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F01%2Fftx-1.jpg&w=1536&q=40)
Lawyers representing FTX in its bankruptcy told a court Wednesday that the former exchange will repay customers in full
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F01%2Fterraform-terra-do-kwoncentered.jpg&w=1536&q=40)
Terraform plans to appeal an earlier summary judgment from Judge Rakoff pending the trial outcome
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F01%2FCore-Scientific-logo-blue-purple.jpg&w=1536&q=40)
Core said Tuesday that it had emerged from “from Chapter 11 with a strengthened balance sheet” and shares re-hit the Nasdaq Wednesday
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F01%2FFTX-logo-gray.jpg&w=1536&q=40)
Both Bloomberg and CoinDesk reported that the FTX estate has sold a majority of its GBTC shares
Get the daily newsletter that helps thousands of investors understand the markets.