Bankruptcy court approves NYAG, Genesis $2 billion settlement

The US Bankruptcy Court for the Southern District of New York has approved the $2 billion settlement between Genesis Global and the New York Attorney General and confirmed the Amended Plan of Reorganization for the defunct company and its subsidiaries. дальше »

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FTX creditors seek repayments at current market rates

FTX's new compensation plan faces opposition as creditors demand repayments based on current asset values, not bankruptcy figures. The post FTX creditors seek repayments at current market rates appeared first on Crypto Briefing. дальше »

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Bankruptcy law firm S&C absolved from misconduct, according to new FTX proposal

FTX’s amended plan contains an exculpation clause that could absolve Sullivan & Cromwell, along with all debtors, of future liabilities. дальше »

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FTX’s bankruptcy plan offers over 100% recovery for creditors, faces mixed reactions

The bankrupt FTX estate has unveiled a new reorganization plan that promises substantial returns to its creditors. FTX creditors with claims below $50,000 would be eligible for a 118% recovery within 60 days of its approval by the Delaware bankruptcy court. дальше »

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FTX has billions more than needed to repay bankruptcy victims

Bankrupt cryptocurrency exchange FTX has amassed billions in extra money to fully repay its 2 million customers, marking a new twist in bankruptcy proceedings. Cryptocurrency exchange FTX which went bankrupt in late 2022 has accumulated billions more than it needs… дальше »

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FTX creditors invited to bid on Solana tokens in new auction format

FTX creditors have been urged to participate in the defunct exchange’s bankruptcy estate’s planned auction of its remaining Solana token holdings. On April 20, Figure CEO Mike Cagney revealed that the next round of FTX’s locked Solana token sales would be via auction, compared to previous ones sold directly to venture capital firms like Galaxy […] The post FTX creditors invited to bid on Solana tokens in new auction format appeared first on CryptoSlate. дальше »

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Genesis Completes Redemption of GBTC Shares, Buys 32K Bitcoins with Proceeds

The company in February got permission from a New York bankruptcy court to sell approximately 36 million shares of Grayscale's Bitcoin Trust. дальше »

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Hedge fund LedgerPrime rebrands post-FTX bankruptcy

The digital asset hedge fund LedgerPrime has been rebranded as MNNC Group with new funding and former team members following FTX's bankruptcy. дальше »

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Winklevoss Twins' Gemini Promises to Return $1.1B to Earn Customers

Gemini told the New York Department of Financial Services it would return at least $1.1 billion to its Earn customers after Genesis Global Capital wraps up its bankruptcy process, according to NYDFS. дальше »

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DCG files objection in bankruptcy court, calls out Genesis’ settlement subversive

Digital Currency Group (DCG) opposes the settlement between the New York Attorney General and Genesis. DCG filed a new application following an agreement with the prosecutor and Genesis, a bankrupt crypto lender that was one of DCG’s companies. Company executives… дальше »

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Firm handling FTX’s bankruptcy set to be appointed as Binance’s watchdog

New York-based law firm Sullivan & Cromwell may be appointed as an independent monitor for Binance Holdings Ltd. According to a Bloomberg report, Sullivan & Cromwell is the leading contender for the coveted observer position, likely beating out a crowded… дальше »

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Genesis granted court permission to sell $1.6b Grayscale GBTC shares

Grayscale’s GBTC may experience new sell pressure and outflows following a ruling in the Genesis bankruptcy case on Feb. 14. дальше »

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Terraform Labs files for Chapter 11 protection, new meme coin rises through presale

Terraform Labs, once a force in the crypto world, has officially filed for Chapter 11 bankruptcy, sending shockwaves through the digital asset landscape. Simultaneously, the Memeinator project takes centre stage, gaining momentum with its MMTR token presale. дальше »

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FTX Comes Clean And Admits That It Owes Over $3 Billion To Its 50 Biggest Creditors

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Celsius: Can this latest motion offer CEL investors some much-need respite

The U.S Bankruptcy Court of the Southern District of New York approved Celsius’ Network’s latest motion. This motion stood with regards to setting a deadline for the filing of proofs of claim by tThe post Celsius: Can this latest motion offer CEL investors some much-need respite appeared first on AMBCrypto. дальше »

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Collapsed Celsius Sets January 3 as Deadline for Filing Claims Following Court Ruling

The US bankruptcy court of the Southern District of New York has approved a request by insolvent crypto lender Celsius to move the Proof of Claims submission deadline to January 3, 2023. The directive targets individuals with claims against Celsius Network LLC and its seven affiliates- listed as debtors in the ongoing Chapter 11 bankruptcy. […] дальше »

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First Mover Asia: Bitcoin Won't Budge. Cryptos Ignore the FTX Chaos for Another Day

Sam Reynolds writes that venture capitalists’ failure to scrutinize crypto exchange FTS parallels oversights that led to energy giant Enron’s notorious bankruptcy two decades ago. New FTX CEO should know because he helped oversee Enron’s filing. дальше »

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New FTX CEO criticizes the integrity of the exchange

In an itching legal brief on Thursday, John Ray III, who oversaw bankruptcy cases such as Enron, the new CEO of the insolvent cryptocurrency exchange FTX identified that the company had experienced a massive disaster of corporate control. This is… дальше »

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New FTX CEO John Ray’s statement on bankruptcy case tells tale of an unmitigated disaster

FTX’s fall from grace this week culminated in the company filing for Chapter 11 bankruptcy on November 11. The post New FTX CEO John Ray’s statement on bankruptcy case tells tale of an unmitigated disaster appeared first on CryptoSlate. дальше »

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FTX Fraud: More Bombshell Revelations in New Bankruptcy Filing

Lies, embezzlement, incompetence, and several instances of fraud are some of the subjects discussed in the new filing. A Complete Failure of Corporate Controls Things are going from bad to... дальше »

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FTX bankruptcy court filing reveals Alameda gave $1.6B in loans to SBF, others

A November 17 court filing from new FTX CEO officer John Ray III revealed that the former CEO of the bankrupt crypto exchange Sam Bankman-Fried got $1 billion in personal loans from Alameda Research. дальше »

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How FTX Went From Billions To $600,000 At Its Liquidation, New CEO Reveals Murky Facts

The FTX bankruptcy process has begun, led by the company’s new CEO, John Ray. After Sam Bankman-Fried, founder and former CEO of the company quit from duties and position, Ray took over the reins of the failed company. дальше »

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FTX New CEO John Ray Reveals More SBF Scandals In Court Filing

The new CEO of collapsed crypto exchange FTX, John Ray III, has filed an initial statement with the U. S. Bankruptcy Court for the District of Delaware, making a scathing judgment of Sam Bankman-Fried and his companies. дальше »

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Bahamas Government May Have Directed 'Unauthorized' FTX Transactions, New Bankruptcy Filing Says

The company says it has 'credible evidence' the Bahamas government directed unauthorized access to FTX systems after the company filed for bankruptcy in the U.S. дальше »

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Bitcoin successfully survived the FTX crash and returned to $17,000 amid further weakening of inflation in the US

The price of bitcoin is gradually recovering amid new signs of slowing inflation in the United States. Last week, the cryptocurrency market experienced the pressure associated with the bankruptcy of the FTX exchange — an event comparable to the Mt. дальше »

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New FTX Boss Condemns Management of the Crypto Exchange During Sam Bankman-Fried's Tenure

Sam Bankman-Fried's unconventional style is under the spotlight as bankruptcy professionals pore over the FTX collapse. дальше »

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Cardano Founder on FTX: It Might Be Good Idea to Donate Some Money to Certain Politicians

Charles Hoskinson joins list of critics of New York Times article about bankruptcy of FTX and criticizes SBF’s donations to politicians дальше »

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New CEO of FTX Outlines Significant Near-Term Goals

John Ray, the new chief executive officer and chief restructuring officer of FTX, has revealed steps being taken by the beleaguered crypto exchange to secure assets in the near term amid conducting bankruptcy proceedings. дальше »

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BlockFi prepares for potential bankruptcy

New Jersey-based crypto lender, BlockFi, is preparing for potential bankruptcy filing after voting withdrawals of customer deposits and acknowledging it has essential exposure to FTX. Currently, the organization is planning to release some of its workers. Crypto lender to surge… дальше »

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FTX's New Leadership Is in Touch With Regulators, May Have Over 1M Creditors, New Filings Say

FTX filed more than 100 bankruptcy dockets. In a new filing posted late Monday, it finally revealed some of the details of how the exchange chose to enter bankruptcy. дальше »

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A new NFT called Bankrupt FTX Yacht Club enjoys immediate success

A non-fungible token (NFT) collection called “Bankrupt FTX Yacht Club” enjoyed immediate interest from collectors following its creation on Nov. 11, the day when FTX filed for bankruptcy. The Bankrupt FTX Yacht Club NFT collection has already reached 2,138 owners… дальше »

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Crypto Exchanges Need Proof Of Reserves: Bitcoin Policy Institute Report

A new report from the Bitcoin Policy Institute discusses why the industry needs to adopt proof of reserves following the bankruptcy of FTX exchange. дальше »

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New Huo Technology unit gets $14M loan from ex-Huobi CEO Leon Li to cover client funds stuck on FTX

Hbit Limited, a fully owned subsidiary of New Huo Technology, has approximately $18. 1 million worth of assets stuck on FTX, which filed for bankruptcy last week, according to November 14 press release. дальше »

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CrossTower revises new offer for Voyager's assets after FTX's bankruptcy

Voyager reopened its bidding process after FTX US, the original winner, filed for bankruptcy on Nov. 11.

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Voyager accepting new bids after FTX Exchange

Voyager Digital has called off its deal with FTX, and is set to liquidate its assets after FTX exchange also filed for Chapter 11 Bankruptcy. дальше »

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California's DFPI suspends this crypto lender's license amid FTX fiasco 

FTX has left several associated platforms and projects facing the heat of the community since its bankruptcy. While the consequences were restricted to ethical and monetary terms, a new decision by thThe post California's DFPI suspends this crypto lender's license amid FTX fiasco  appeared first on AMBCrypto. дальше »

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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… дальше »

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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. дальше »

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Decoding the significance of 17 October for the bankrupt Celsius Network

Celsius Network [CEL], the New Jersey-based bankrupt cryptocurrency lending company, managed to set the date for auctioning its assets. As per the document filed with the US Bankruptcy Court for the SThe post Decoding the significance of 17 October for the bankrupt Celsius Network appeared first on AMBCrypto. дальше »

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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. дальше »

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Celsius Network’s CEL Price Tanks 10% After CEO Alex Mashinsky Steps Down

CEO of embattled crypto lender Celsius Alex Mashinsky has resigned as the company’s CEO as it faces Chapter 11 bankruptcy in New York. The post Celsius Network’s CEL Price Tanks 10% After CEO Alex Mashinsky Steps Down appeared first on BeInCrypto. дальше »

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Celsius has temperatures rising as parties claim priority over lost equity

A new faction of creditors have emerged in the Celsius [CEL] bankruptcy saga. Shareholders or investors with equity in the crypto lender have staked their claim for the bankruptcy payouts. FurthermoreThe post Celsius has temperatures rising as parties claim priority over lost equity appeared first on AMBCrypto. дальше »

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CryptoSlate Wrapped Daily: Binance hires ex-Kraken compliance chief; Coinbase faces patent infringement lawsuit

The biggest news in the cryptosphere for September 23 includes Kraken’s former compliance chief’s switch to Binance, the new patent infringement lawsuit Coinbase has to face, and Bitcoin mining firm Compute North’s chapter 11 bankruptcy. дальше »

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Celsius Latest: Law Firm Files Motion Seeking Appointment of an Official Preferred Equity Committee

Milbank LLC, an international law firm headquartered in New York, has filed a motion with the U.S. Bankruptcy Court of the Southern District of New York seeking orders directing the appointment of an Official Preferred Equity Committee by the Office… дальше »

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Did the Celsius liquidity plea trigger CEL's 34% freefall?

Crypto lending firm Celsius [CEL] seems to be committed to restoring its lost reputations and getting back to full operation. In its latest filing with the New York Southern District Bankruptcy Court,The post Did the Celsius liquidity plea trigger CEL's 34% freefall? appeared first on AMBCrypto. дальше »

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Crypto Lender Voyager’s Bankruptcy Auction Begins

Crypto lender Voyager Digital Ltd. , which is at present bankrupt, has begun its auction in New York. The venue for the auction is at the midtown office of investment bank Moelis. The auction can stretch beyond Tuesday. дальше »

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Celsius: Why a 30% surge doesn't mean anything concrete for CEL investors

Celsius [CEL] has been in the news and it has a new update with regards to its hearings. Judges on the company's bankruptcy lawsuit have allowed for an independent examiner to investigate the case. дальше »

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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. дальше »

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Celsius Network to Return Only 22% of Customer Funds

Embattled crypto lender Celsius Network told a New York bankruptcy court that it will pay back about 22% of funds to customers whose assets are valued at $48M. The post Celsius Network to Return Only 22% of Customer Funds appeared first on BeInCrypto. дальше »

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Bankruptcy Judge Approves Voyager Key Employee Bonuses Despite Creditor Protests

A New York bankruptcy judge has approved Voyager Digital's plans to pay bonuses to staff the insolvent lender considers crucial to its future. The post Bankruptcy Judge Approves Voyager Key Employee Bonuses Despite Creditor Protests appeared first on BeInCrypto. дальше »

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