Settlement agreement
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U.S. Bitcoin Corp (USBTC) Resumes Bitcoin Mining Operations in Niagara Falls Following Settlement Agreement
According to reports, U.S. Bitcoin Corp (USBTC) will reach a settlement agreement with Niagara Falls, New York, which will allow for the resumption of its Bitcoin mining business i
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Celsius’ Settlement Agreement with Creditors: All You Need to Know
On March 29, the Official Committee of Unsecured Creditors of Celsius (UCC) tweeted that Celsius, UCC, and the Account Retention Team had reached a settlement agreement to provide
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Celsius Settlement Agreement: What You Need To Know
On March 29, the Official Committee of Unsecured Creditors of Celsius (UCC) tweeted that Celsius, UCC, and the Account Retention Team had reached a settlement agreement to provide
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FTX proposes to recover $460 million from Modulo Capital’s hedge fund
According to reports, FTX has proposed a motion to reach a settlement agreement to recover $460 million in assets for stakeholders. Alameda Research invested $400 million in Modulo Capital in 2022. According to the filing documents, the recovered assets of $460 million accounted for over 99% of the remaining assets of Modulo, including $404 million in cash. Modulo will also waive any claims for the $56 million assets held in FTX.com and FTX.US accounts. As a result of the settlement, Alameda will also lose any claims for its stake in…
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US judge has approved the Celsius settlement agreement, allowing holders to recover 72.5% of their cryptocurrency
According to reports, a federal judge in the United States has approved a settlement agreement between the Celsius debtor, the unsecured creditor committee, and the ad hoc group of custodial account holders. If Celsius custodial account holders choose the newly approved settlement agreement, they can recover 72.5% of the encrypted currency in their custodial account. Interpretation of this information: The message states that a settlement agreement between Celsius debtor, unsecured creditor committee, and ad hoc group of custodial account holders has been approved by a federal judge in the United…
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Bankruptcy judge approves Core Scientific’s transfer of equipment exceeding $20 million
According to reports, the judge in the bankruptcy case of Core Scientific approved a settlement agreement with the exclusive energy contract negotiator of the Bitcoin mining company. According to the agreement, Core Scientific will transfer electrical equipment worth more than $20 million to the supplier. Interpretation of this information: The latest news surrounding the bankruptcy case of Core Scientific reveals that its judge has approved a settlement agreement with the exclusive energy contract negotiator of the Bitcoin mining company. This agreement stipulates that Core Scientific is obliged to transfer electrical…
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Voyager and its creditors reached a settlement agreement with FTX Alameda on a series of disputes
On February 23rd, The Voyager Unsecured Creditors Committee (UCC) said on Twitter: “UCC has reached a settlement agreement with Voyager and FTX/Alameda to effectively resolve the disputes between the two parties, which is an important step forward. The settlement agreement not only protects resources, but also provides direct substantive benefits to the creditors of Voyager. Alameda has agreed that it will (a) withdraw the USD 75 million claim against Voyager, or (b) These claims are dedicated to Voyager OpCo, which will benefit Voyager creditors. Alameda also agrees that (a) it…
