Core Scientific Bankruptcy Judge Set to Approve $70M Financing Deal From B. Riley

The judge also indicated he would allow stockholders to form an official committee in the bankruptcy.

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Compute North’s Reorganization Plan Approved by Bankruptcy Judge

The hosting firm, one of North America’s largest, settled $250 million in secured debt and settled with about 11 companies.

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Judge Clears Celsius' Plan to Sell Bitmain Mining Coupons Worth Over $7M

The crypto lender must sell the vouchers before they expire, to raise funds for the bankruptcy estate

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FTX bankruptcy judge denies US Trustee’s motion to appoint independent examiner

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.

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FTX Bankruptcy Judge Allows Company to Subpoena Founder Bankman-Fried, Other 'Insiders'

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.

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FTX’s bankruptcy judge is undecided on appointing independent examiner

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.

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US DoJ calls for independent fraud investigator for FTX

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. 

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FTX Judge Considers Approval For Independent Bankruptcy Investigation

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.

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BlockFi Gets Approval to Pay Staff $10M Bonus

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.

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BlockFi’s $10M Staff Bonus Package Approved by NJ Bankruptcy Court Judge

Senior staff gained large pay rises as the crypto lender shed staff last year, shortly before it filed for bankruptcy

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Chief Judge denies third motion by Celsius clients

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. 

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Celsius to Allow Customers to Withdraw Funds Deposited After Bankruptcy

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.

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Delaware Judge Allows Sullivan & Cromwell to Litigate in FTX Bankruptcy Case

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.

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Bankruptcy Judge Approves Sale of Four Key FTX Business Divisions

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.

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Bankruptcy Court Approves FTX’s Plan to Sell Ledger X

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.

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FTX has the green light to sell its other businesses including LedgerX

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.

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FTX given the green light to sell four key business units

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…

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FTX allowed by bankruptcy judge to sell LedgerX, other assets

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.

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FTX Cleared to Sell LedgerX, Japanese Units by Bankruptcy Judge

The collapsed exchange is looking to sell off its more separable and solvent assets as it seeks to repay creditors.

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FTX Creditor Names Can Remain Sealed for Now, Judge Rules

A Delaware bankruptcy judge allowed a list of creditors for FTX to remain sealed for at least another three months on Wednesday..

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Letter From US Senators 'Inappropriate,' Won’t Sway Me, FTX Bankruptcy Judge Says

Judge John Dorsey didn't seem impressed by the bipartisan communication from Elizabeth Warren, Cynthia Lummis and two other senators.

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Bipartisan Group of US Senators Calls for Independent Examiner to Investigate FTX

Four senators are urging the judge in the bankruptcy case to support a motion for to appoint an examiner.

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Celsius 'Earn' Assets Belong to Bankrupt Crypto Lender, Judge Rules

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.

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Judge rules $4.2B belongs to Celsius

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.

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FTX’s International Customers Lawyer Up, Ask Judge to Rule That Customer Assets Aren't Property of FTX Estate

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.

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Contested Robinhood shares may be moved to escrow account

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.

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Robinhood shares claimed by BlockFi and FTX may move to a neutral broker

Bankruptcy judge Michael Kaplan said that on Jan. 9, he will review if the shares should be transferred to a neutral broker.

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Disputed Robinhood shares may be moved to neutral account at BlockFi’s request

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.

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FTX asks bankruptcy judge to stop BlockFi from claiming Robinhood shares

The 56 million Robinhood Markets shares at stake are currently worth around $450 million.

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Judge Approves Sale of Self-Custody Platform to Galaxy Digital in Celsius Bankruptcy

Galaxy, the crypto-focused financial services firm, had won the auction for GK8 earlier in the month.

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Bahamian attorneys pursue access to FTX data of international customers

The Bahamian attorneys filed an emergency motion with a Delaware bankruptcy judge requesting access to FTX’s customer database to aid their ongoing investigations.

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Galaxy Digital Blocked by Judge from Immediately Acquiring Celsius Unit

Mike Novogratz's deal to buy Celsius's GK8 has been paused by a bankruptcy judge

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Celsius Bankruptcy Ruling May Give Hope to FTX Victims

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.

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Judge orders Celsius to reimburse $50 million to crypto investors

A U.S. bankruptcy judge has ordered Celsius Network, a defunct crypto lender, to reimburse $50 million worth of crypto to custodial account holders.

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Judge orders Celsius to return $50m crypto to custody account holders

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.

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Crypto Lender Celsius' Bankruptcy Judge Orders It to Return $50M of Crypto to Custody Account Holders: Bloomberg

Celsius filed a motion in September to return crypto to customers who held assets in such accounts.

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Relief for investors, 3AC founders receive subpoenas

Three Arrows Capital (3AC) founders now have to comply after a bankruptcy judge approved subpoenas allowing creditors to look for more assets to liquidate. 

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FTX to hire BitGo to safeguard its assets during bankruptcy

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.

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FTX Bankruptcy Judge Says Creditor Information Can Be Redacted – at Least for Now

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.

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Celsius Update: The lender, creditors spat over wallet and asset custody

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…

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Bankruptcy Judge Denies Celsius’ Motion to Pay Employees $3M in Retention Bonuses – At Least Temporarily

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.

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Court approves FTX’s $1.4 billion purchase of Voyager Digital’s assets

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.

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Customers of Bankrupt Crypto Lender Voyager Could Recover 72% of Their Funds if FTX Sale Is Approved: Report

A judge still needs to approve a bankruptcy payout plan and the company could still scrap the deal in favor of a higher bid.

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Customers of Bankrupt Crypto Lender Voyager Could Recover 72% of Their Funds if FTX Sale is Approved

A judge still needs to approve a bankruptcy payout plan and the company could still scrap the deal in favor of a higher bid.

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Celsius Bankruptcy Judge Likely to Refer UK Crypto Consultation Paper

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. …

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Celsius judge says court may look to UK consultation paper in absence of US guidance

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.

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Crypto Lender Celsius Shouldn't Reopen Custody Withdrawals, US Trustee Says

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.

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Celsius: Judge permits independent examiner's probe in bankruptcy case

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.

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Judge Approves Use of Independent Examiner in Crypto Lender Celsius' Bankruptcy Case

The examiner will be appointed by the U.S. Trustee's office, a Department of Justice entity tasked with monitoring bankruptcies.

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