200,00 BTC
Underway, it is reported that about $7B in assets has been recovered, but the US legal team and the Bahamian regulators are in dispute over control of assets and how they will be distributed.
Approximately $40m, claims for liquidating other assets are proceeding.
Underway, a trust has been established to distribute assets to creditors. Genesis also awaits claims payments in FTX bankruptcy settlement.
The company is proposing to the bankruptcy court a self liquidation of assets which it reports will have the possibility of 100% recovery for creditors.
Assets are valued at $1.3B. A restructuring plan is being negotiated in the courts with creditors demanding settlement payments to begin before June 2023, despite Core's request for an additional 90 day delay.
After several attempts to sell Voyager Digital, the company will be liquidating and it has been reported that creditors with receive 35% of their cryptocurrency deposit value.
Creditors to receive equity in NewCo, the new company emerging from the reorganization plan
$7M
$250M
Bittrex states that all US accounts will receive 100% of account value as of April 30, 2023.
$7M
restructuring plan involves new stablecoin called 'Babel Recovery Coins' pegged 1:1 to the USD.
None to date, current assets estimated and $74M
Zipmex missed a $1.25M payment in March 2023
None, although Zhang Jian, who launched FCoin in 2018, has stated that he hopes his future ventures succeed and profits will be used to 'compensate everyone for their losses.'
C40M
