2024-10-8 23:03 |
FTX’s bankruptcy plan to repay customers in cash plus interest was approved by a Delaware judge, despite a push for in-kind reimbursements. Judge John Dorsey of the U.S. District of Delaware Bankruptcy Court ruled in favor of FTX’s repayment, which… origin »
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The judge also indicated he would allow stockholders to form an official committee in the bankruptcy.
2023-3-2 03:55 | |
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The hosting firm, one of North America’s largest, settled $250 million in secured debt and settled with about 11 companies.
2023-2-17 23:52 | |
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The crypto lender must sell the vouchers before they expire, to raise funds for the bankruptcy estate
2023-2-17 16:43 | |
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The U.S. Trustee made arguments including that an examiner was necessary to scrutinize the use of software to conceal FTX's alleged misuse of customer funds.
2023-2-15 18:34 | |
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U.S Judge John Dorsey ordered that FTX's new leadership and its official creditor committee can subpoena the company's founders and former executives, including Sam Bankman-Fried, Gary Wang, Caroline Ellison, Nishad Singh and Bankman-Fried's family.
2023-2-9 19:36 | |
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A bankruptcy judge has heard both sides of a debate on whether FTX should face an independent examination, according to a February 6 report from Reuters. The post FTX’s bankruptcy judge is undecided on appointing independent examiner appeared first on CryptoSlate.
2023-2-7 00:51 | |
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The U.S. Department of Justice (DoJ) has called for U.S. Bankruptcy Judge John Dorsey to appoint a separate, independent third-party examiner to investigate FTX’s bankruptcy further.
2023-2-7 21:31 | |
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The contagion of the FTX collapse is still ongoing despite its already significant impact on the industry. In today’s news, a U. S. bankruptcy judge is looking to consider the approval of an independent bankruptcy investigation into the FTX collapse.
2023-2-7 16:40 | |
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Bankruptcy Judge Michael Kaplan approved crypto lender's BlockFi motion to pay its staff up to $10 million in a "retention program." The post BlockFi Gets Approval to Pay Staff $10M Bonus appeared first on BeInCrypto.
2023-1-29 16:01 | |
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Senior staff gained large pay rises as the crypto lender shed staff last year, shortly before it filed for bankruptcy
2023-1-28 19:26 | |
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In a court order issued today by the United States Bankruptcy Court in the Southern District of New York, a motion filed by a former Celsius Earn Account Holder was denied.
2023-1-26 00:05 | |
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Celsius creditors hope for speedy resolution after judge's new ruling.
The post Celsius to Allow Customers to Withdraw Funds Deposited After Bankruptcy appeared first on BeInCrypto.
2023-1-26 20:00 | |
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Delaware bankruptcy Judge Dorsey Allows Sullivan & Cromwell to Litigate on Behalf of FTX Debtors. The post Delaware Judge Allows Sullivan & Cromwell to Litigate in FTX Bankruptcy Case appeared first on BeInCrypto.
2023-1-21 00:26 | |
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The bankruptcy judge allowed FTX to sell four key business divisions, including LedgerX, Embed, and two of its regional subsidiaries. The post Bankruptcy Judge Approves Sale of Four Key FTX Business Divisions appeared first on BeInCrypto.
2023-1-13 20:14 | |
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Judge John Dorsey has allowed the sale of four necessary units of failed crypto exchange FTX, as stated in a petition in the Delaware Bankruptcy Court. LedgerX, a derivatives trading platform, and Embed, a stock trading platform with regional branches, are among the assets.
2023-1-14 19:17 | |
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The judge in charge of overseeing the FTX bankruptcy proceedings has given FTX approval to sell some assets. The assets under consideration include LedgerX among other assets. The move will allow FTX to get money to repay its creditors.
2023-1-13 17:26 | |
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A Delaware bankruptcy Judge, John Dorsey, has allowed FTX to sell four business units. The sale includes LedgerX and three other business units as the company seeks to reimburse its creditors. In a ruling made on Jan. 13, the judge…
2023-1-13 16:50 | |
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The FTX assets that will be sold include the derivatives platform LedgerX, the stock-clearing platform Embed and its regional arms, FTX Japan and FTX Europe.
2023-1-13 15:35 | |
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The collapsed exchange is looking to sell off its more separable and solvent assets as it seeks to repay creditors.
2023-1-13 09:38 | |
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A Delaware bankruptcy judge allowed a list of creditors for FTX to remain sealed for at least another three months on Wednesday..
2023-1-11 19:56 | |
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Judge John Dorsey didn't seem impressed by the bipartisan communication from Elizabeth Warren, Cynthia Lummis and two other senators.
2023-1-11 17:27 | |
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Four senators are urging the judge in the bankruptcy case to support a motion for to appoint an examiner.
2023-1-11 23:40 | |
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A federal judge ruled that customers of Celsius's interest-bearing "Earn" product had turned over control of their assets to the bankrupt crypto lender, meaning they are now part of the company's bankruptcy estate.
2023-1-5 09:51 | |
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A new update regarding the Celsius bankruptcy case came on January 4 as Judge Martin Glenn ruled that the funds deposited to Earn Accounts, which amount to $4. 2 billion, are the property of Celsius, not the investors.
2023-1-5 22:54 | |
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Lawyers representing FTX.com’s non-US customers have joined the bankruptcy fray, filing a motion on Wednesday asking a Delaware judge to rule that customer assets locked in the collapsed exchange are customer property – not property of the FTX estate.
2022-12-31 20:17 | |
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The judge in charge of the BlockFi bankruptcy case is considering moving the disputed Robinhood shares bought by Sam Bankman-Fried to a neutral broker pending the case's conclusion.
2022-12-30 21:32 | |
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Bankruptcy judge Michael Kaplan said that on Jan. 9, he will review if the shares should be transferred to a neutral broker.
2022-12-30 16:31 | |
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The judge overseeing BlockFi’s ongoing bankruptcy case agreed today to review a request that could see 56 million Robinhood shares moved to a neutral location, according to a report from the Wall Street Journal on December 28.
2022-12-30 12:00 | |
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The 56 million Robinhood Markets shares at stake are currently worth around $450 million.
2022-12-24 14:50 | |
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Galaxy, the crypto-focused financial services firm, had won the auction for GK8 earlier in the month.
2022-12-14 01:35 | |
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The Bahamian attorneys filed an emergency motion with a Delaware bankruptcy judge requesting access to FTX’s customer database to aid their ongoing investigations.
2022-12-11 08:08 | |
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Mike Novogratz's deal to buy Celsius's GK8 has been paused by a bankruptcy judge
2022-12-9 21:59 | |
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A U.S. judge has determined that certain customers of bankrupt crypto lender Celsius Network are entitled to receive their deposits back. The post Celsius Bankruptcy Ruling May Give Hope to FTX Victims appeared first on BeInCrypto.
2022-12-9 16:30 | |
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A U.S. bankruptcy judge has ordered Celsius Network, a defunct crypto lender, to reimburse $50 million worth of crypto to custodial account holders.
2022-12-8 11:55 | |
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A U.S. bankruptcy judge ordered Celsius to return some coins. Meanwhile, Celsius has asked the judge for permission to sell the $18 million worth of crypto to keep paying its bills. As per aThe post Judge orders Celsius to return $50m crypto to custody account holders appeared first on AMBCrypto.
2022-12-8 11:30 | |
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Celsius filed a motion in September to return crypto to customers who held assets in such accounts.
2022-12-8 06:36 | |
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Three Arrows Capital (3AC) founders now have to comply after a bankruptcy judge approved subpoenas allowing creditors to look for more assets to liquidate.
2022-12-7 15:27 | |
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FTX’s bankruptcy proceedings continue, and the company has now asked a judge to allow it to hire BitGo to secure its assets. Bankrupt crypto exchange FTX has notified a federal judge that it wants to hire BitGo to safeguard the remainder of its digital assets as bankruptcy proceedings play out.
2022-11-24 14:50 | |
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FTX creditors concerned about their names and other personal information being disclosed as part of the crypto exchange’s bankruptcy proceedings can breathe a sigh of relief – at least temporarily.
2022-11-23 21:30 | |
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According to recent reports, Celsius network recently applied to a New York bankruptcy judge to keep custody of their customers’ accounts. Celsius network claims to have full custody over all wallets and the funds therein. However, the account holders maintain…
2022-11-10 01:52 | |
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A federal judge struck down Celsius’ plans to pay out nearly $3 million in retention bonuses to a select group of employees on Tuesday, citing the lack of transparency in the bankrupt crypto lender’s public filings.
2022-11-2 23:56 | |
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A US federal bankruptcy court has approved the planned sale of crypto lender Voyager Digital’s assets to FTX US. A restructuring update Voyager published on Friday noted that the bankruptcy judge in the Southern District of New York had approved FTX’s $1.
2022-10-22 01:02 | |
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A judge still needs to approve a bankruptcy payout plan and the company could still scrap the deal in favor of a higher bid.
2022-10-21 12:22 | |
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A judge still needs to approve a bankruptcy payout plan and the company could still scrap the deal in favor of a higher bid.
2022-10-20 12:22 | |
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The principal U.S. bankruptcy judge in charge of the Celsius case urged that the Court review the UK crypto consultation paper. Judge Martin Glenn stated that there are no significant court rulings about cryptocurrencies in a document submitted on Monday. …
2022-10-18 17:00 | |
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Judge Martin Glenn says U.K. legal principles may be “persuasive” in the absence of U.S. legal precedents in the complex case of the crypto lending platform’s bankruptcy.
2022-10-18 00:42 | |
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The regulatory body tasked with overseeing Celsius’ bankruptcy proceedings has asked a New York judge to deny the failed crypto lender’s recent motions to reopen customer withdrawals and sell off its $23 million in stablecoin holdings, calling the actions impulsive and premature.
2022-10-1 21:43 | |
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A federal judge from the United States Bankruptcy Court for the Southern District of New York has allowed the U.S. Trustee's office to appoint an independent examiner to investigate the affairs at theThe post Celsius: Judge permits independent examiner's probe in bankruptcy case appeared first on AMBCrypto.
2022-9-16 21:00 | |
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The examiner will be appointed by the U.S. Trustee's office, a Department of Justice entity tasked with monitoring bankruptcies.
2022-9-15 23:38 | |
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In a recent interview from prison with Tucker Carlson, Sam Bankman-Fried, the former CEO of the now-defunct cryptocurrency exchange FTX, shared his perspectives on the current state and future of the cryptocurrency industry.
Kraken confirmed it will begin the next round of FTX payouts on May 30, covering claims both below and above $50,000. According to FTX creditor representative Sunil’s recent post on X, Kraken has begun sending emails to FTX users, confirming…
FTX founder claims innocence, seeks Trump pardon in jail talk
The FTX estate kicked off creditor repayments on Feb. 18 by 10 a.m. Eastern Time, almost three years after the crypto exchange collapsed.
Joseph Bankman and Barbara Fried have met with lawyers and members of president Donald Trump’s administration Trump has already pardoned Silk Road creator Ross Ulbricht who served 12 years in prison Early Bitcoin investor Roger Ver, who faces a 109-year prison sentence, has also asked Trump to help him The parents of former FTX CEO […] The post Sam Bankman-Fried’s parents are seeking a presidential pardon from Trump appeared first on CoinJournal.
The parents of Sam Bankman-Fried, the former FTX CEO currently serving a 25-year prison sentence for fraud, are exploring the possibility of securing a pardon for their son from Donald Trump. Stanford Law School professors Joseph Bankman and Barbara Fried…
The FTX Token has performed well this year, significantly outperforming other cryptocurrencies as attention shifts to the impending fund distributions FTX Token (FTT) was trading at $3.50 on Monday, marking a rise of over 245% from its September lows, and…