Collapsed cryptocurrency exchange FTX has informed the judge handling its insolvency case that customers and creditors who provide their losses are expected to receive all of their money back.
Bankrupt cryptocurrency lending firm Celsius has announced it will distribute over $3 billion to its creditors as it concludes its bankruptcy proceedings. Creditors are set to receive cash and shares in Ionic Digital Inc., a new mining firm.
Leading stablecoin issuer Tether has reported a “record-breaking net profit” in the final quarter of last year driven by the return of its Treasury Bill holdings and the strong performance of other assets it holds.
Top stories in the Crypto Roundup today:
- Collapsed Crypto Exchange FTX Creditors May Get Fully Refunded
- Celsius to Wrap up Bankruptcy With $3 Billion Payout to Creditors
- Tether Posts Record $2.85 Billion Profit in Q4 2023
- Digital Asset Product Volumes Surge Over 200% in January