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FTX plans to refund defrauded customers with interest
FTX has filed a plan with a bankruptcy court to pay back creditors who held cryptocurrency at the embattled exchange. The vast majority of customers are set to get their money back with interest, though they (and the debtors) missed out on major gains in the crypto market since FTX’s dramatic collapse in November 2022 — the price of Bitcoin has more than tripled since then. FTX aims to fully pay back non-governmental creditors based on the value of their claims as determined by the bankruptcy...
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Netflix Members Cancel Their Subscriptions Over Huge Plan Change
It looks like many different Netflix members are making the decision to cancel their subscriptions over a huge plan change. It’s no surprise that the streaming service has been actively making changes to perform better in a modern streaming era with many different competitors. As for this change, however, it seems like the streaming service []
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Genesis to return $3B to customers after court approves bankruptcy plan
Genesis Global gets court approval to repay $3 billion to customers. Judge Sean Lane overruled an objection from Genesis parent company Digital Currency Group. DCG argued payments to be in US value of assets as of bankruptcy filing in January 2023. Genesis Global has secured court approval to return $3 billion in cash and crypto […]