OPNX opening its bankruptcy claims product for Celsius users soon
OPNX's bankruptcy tokenization will be offered to Celsius users after May 29 - enabling creditors to unlock frozen funds.
Track crypto bankruptcies, restructurings, creditor updates, and court filings tied to failed exchanges, lenders, and digital asset firms.
FTX liquidators said no investor was willing to pay more than $1 million for the company less than four months after SBF acquired it.
Voyager's approved liquidation plan may allow customers to access their funds by June 1st, with the possibility of recovering up to 63.7% of their deposits depending on the outcome of FTX litigation.
The latest bids are hundreds of millions of dollars greater than past bids.
The Celsius Network wallet holding $800 million in stETH began requesting withdrawals in chunks of 1000 stETH at roughly 4:45 pm GMT.
BlockFi said the amount its creditors will get depends on the outcome of its pending suit against bankrupt Alameda Research, FTX, others.
On-chain sleuth Lookonchain reported that the bankrupt lender Celsius had withdrawn over 6000 ETH in April.