CZ seeks dismissal of FTX’s $1.76B clawback lawsuit in Delaware

Changpeng “CZ” Zhao has asked a U. S. bankruptcy court to dismiss FTX’s $1. 76 billion clawback lawsuit, claiming the court lacks jurisdiction over a foreign resident involved in offshore transactions.

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Celsius $4B Bitcoin lawsuit against Tether given green light by judge

A US bankruptcy judge has ruled that Celsius Network can proceed with its $4 billion lawsuit against Tether, a decision that could reshape how collateral is handled in crypto lending agreements. This landmark case, which centres on the liquidation of nearly 40,000 Bitcoin during the height of Celsius’s 2022 collapse, raises serious questions about contractual […]

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Tether-Celsius lawsuit proceeds as judge rejects parts of Tether’s dismissal bid

A U.S. bankruptcy judge has ruled that Celsius Network’s lawsuit against Tether can proceed, rejecting key arguments Tether raised to dismiss the case. A U.S. bankruptcy judge in the Southern District of New York has ruled that Celsius Network’s lawsuit…

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Binance, CZ, filed to dismiss $1.76b lawsuit by FTX bankruptcy team

Binance and CZ fire back against FTX's lawsuit, stating that they had nothing to do with its collapse.

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Coinbase hit with shareholder lawsuit over bankruptcy risks and securities violations

A Coinbase shareholder has taken the exchange to court, alleging it misled investors about bankruptcy risks and engaged in risky trading practices. According to the Feb. 18 lawsuit filed in a New Jersey federal court, plaintiff Wenduo Guo claims Coinbase…

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FTX Blames Binance And Founder Changpeng Zhao For Its Downfall, Demands $1.8 Billion In New Lawsuit

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FTX bankruptcy estate files $1.8B lawsuit against Binance, CZ

The FTX estate argued that Sam Bankman-Fried’s $1.75 billion repurchase deal with Binance in July 2021 was a fraudulent transfer because of FTX’s insolvency.

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FTX sues KuCoin to recover $50 million in withheld assets

Bankrupt crypto exchange FTX has filed a lawsuit to recover over $50 million in assets allegedly withheld by KuCoin, according to court documents filed on Oct. 28. The assets were reportedly held in a KuCoin account belonging to the now-defunct Alameda Research, which filed for Chapter 11 bankruptcy in November 2022.

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FTX reaches $228 million settlement with Bybit amid bankruptcy efforts

FTX has reached a $228 million settlement with crypto exchange Bybit and its affiliates, concluding a lawsuit filed in Nov. 2023 that sought to recover approximately $1 billion in assets. The agreement allows FTX to withdraw $175 million in digital assets held on Bybit’s platform and sell about $53 million in BIT tokens to Mirana […] The post FTX reaches $228 million settlement with Bybit amid bankruptcy efforts appeared first on CryptoSlate.

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FTX agrees to $228m settlement in ByBit lawsuit

The FTX bankruptcy estate has agreed to a $228 million settlement with crypto exchange Bybit and its investment division Mirana, as part of its efforts to recover assets for its creditors. According to an Oct. 24 filing, the FTX bankruptcy…

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FTX Reaches Over $225 Million Settlement With Bybit Amid Ongoing Bankruptcy Proceedings

FTX has reached a significant milestone in its bankruptcy proceedings by settling a year-long lawsuit against Bybit for over $225 million. The post FTX Reaches Over $225 Million Settlement With Bybit Amid Ongoing Bankruptcy Proceedings appeared first on BeInCrypto.

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Caroline Ellison turns in all her assets in FTX lawsuit settlement

Caroline Ellison, former CEO of Alameda Research, has agreed to turn over all her remaining assets to FTX debtors to settle a lawsuit filed against her by the bankruptcy estate. In an Oct. 7 filing, the document states that FTX…

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Court approves Terraform Labs winding down in bankruptcy hearing

After collapsing in 2022, facing an SEC lawsuit in 2023, and filing for bankruptcy in 2024, many of Terraform’s legal cases in the US are beginning to wind down.

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Terraform Labs Allowed to Hire Law Firm Dentons in Bankruptcy Case by U.S. Court: Reuters

A U.S. court has allowed Terraform Labs to hire law firm Dentons to defend the company in a lawsuit brought against it by the U.S. Securities & Exchange Commission (SEC) in Jan. 2024.

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FTX Exchange Saga: Law Firm Handling Bankruptcy Accused Of Complicity In Fraud

In an interesting development, FTX creditors have launched a class action lawsuit against Sullivan and Cromwell (S&C), the law firm that is currently responsible for handling the bankruptcy proceedings of the defunct exchange.

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CryptoSlate Wrapped Daily: SBF faces investor lawsuit in the US as Australia suspends FTX operations; LFG spent $2.8B on UST peg defense

The biggest news in the cryptoverse for November 16 includes Gemini halting withdrawals on its Earn program, Coinbase saying it has zero exposure to Genesis Trading, and Messari estimating that FTX investors may get back up to 50% of their funds after bankruptcy process.

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Celsius: Investors hoping for better days may be disappointed amid CEL's 8.3% drop

The Celsius [CEL] token witnessed multiple highs and lows over the past month due to the bankruptcy proceedings and the events surrounding CEL's lawsuit. With multiple factors such as lawsuits, shortThe post Celsius: Investors hoping for better days may be disappointed amid CEL's 8.3% drop appeared first on AMBCrypto.

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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.

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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.

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Mark Cuban is getting sued for promoting Voyager Digital

Billionaire owner of the Dallas Mavericks basketball team, Mark Cuban, is facing a class action lawsuit by Voyager Digital investors and Mavericks fans for promoting Voyager Digital, which filed for chapter 11 bankruptcy on July 5, 2022.

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Uphold Files Lawsuit Against Cred After Bankruptcy Announcement

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Sears Shocker: Retailer Sues Top Trump Advisor for Siphoning Billions

By CCN: Sears is in a downward spiral and it’s trying to take down as many others as possible, too, including a top advisor to President Trump. The retailer, which is currently in bankruptcy protection, has filed a lawsuit against its former CEO Eddie Lampert, his hedge fund ESL Investments, Treasury Secretary Steven Mnuchin, and others.

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Karpeles Beats Embezzlement Charges in Mt Gox Ruling

The Tokyo District Court has found Mark Karpeles, the former head of now-defunct Bitcoin exchange platform Mt. Gox, guilty of record tampering but innocent on other charges related to embezzlement and breach of trust.

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