Core Scientific to borrow millions from investment bank after court approval

Core Scientific has received permission from the bankruptcy court to borrow up to $70 million from B. Riley. The new credit facility will replace an existing one that was extended by B. Riley iThe post Core Scientific to borrow millions from investment bank after court approval appeared first on AMBCrypto. дальше »

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FTX Group interim financial update contradicts court filing, shows exchange had $1.43B in cash

FTX Group released an interim financial update showing the company held $1. 43 billion in cash at the end of 2022 — higher than the $1. 24 billion reported on November 20, 2022, according to a court filing. дальше »

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My Big Coin founder sentenced to 8 years for defrauding investors

U.S. District Court Judge Denise Casper sentenced the founder of a multi-million fraudulent crypto scheme to eight years. The team amassed $7.6 million and spent it on a house, cars, and other The post My Big Coin founder sentenced to 8 years for defrauding investors appeared first on AMBCrypto. дальше »

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Celsius publishes eligible users’ list for withdrawals

Bankrupt crypto lender Celsius published the name of its users who are eligible to withdraw 94% of their assets from its platform, according to a January 31 court filing. The post Celsius publishes eligible users’ list for withdrawals appeared first on CryptoSlate. дальше »

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Here's How XRP Price Could Act If Ripple Wins Against SEC, Lawyer Assumes

Ripple's court victory could lead to repeat of LBC's price action for XRP дальше »

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Court permits Core Scientific to borrow $70M to replace existing loan

Investment bank B. Riley is already a Core Scientific creditor and tried to provide funds before the Bitcoin miner filed for Chapter 11. дальше »

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Core Scientific agrees $70 million loan from B. Riley

Core Scientific is seeking emergency relief from the bankruptcy court for it to secure a replacement loan facility. According to court documents, the miner has agreed to a $70 million credit facility from investment banking firm B. дальше »

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Embattled BTC miner Core Scientific seeking approval for $70M loan from B. Riley

Publicly traded embattled Bitcoin (BTC/USD) miner Core Scientific (NASDAQ: CORZ) is seeking approval from the Bankruptcy Court for the Southern District of Texas Houston Division for a $70 million loan from investment bank B. дальше »

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Court Examiner Lambastes Celsius and Mashinksy Over Business Practices

Celsius Network poorly mismanaged its assets and deliberately misled its users, according to a recent report from a court-appointed examiner. The post Court Examiner Lambastes Celsius and Mashinksy Over Business Practices appeared first on BeInCrypto. дальше »

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SBF, Pharma Bro and other record bails in financial crimes history

FTX former CEO Sam Bankman-Fried was released on a record $250 million bail paid by his parents and some mysterious individuals whose identities will be revealed by the court in February. Let’s examine how his bail compares to other infamous… дальше »

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BlockFi’s assets auctioning proposal approved

BlockFi, as of recent developments, has been approved by the court to sell off its assets. This comes after the firm filed a request to auction some of its assets to counter its financial crisis. дальше »

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Bankruptcy court allows bids for BlockFi’s crypto mining equipment

Crypto lender BlockFi has received approval from the bankruptcy court to invite bids for its mining equipment.  The deadline to submit bids is 20 February.  The U.S. Bankruptcy Court for tThe post Bankruptcy court allows bids for BlockFi’s crypto mining equipment appeared first on AMBCrypto. дальше »

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Alameda requests back $445m in loans paid to Voyager

Alameda recently filed a case against Voyager for retrieval of $445 million or more it gave to the crypto lender as loan repayments. The case will go up in the US bankruptcy court for the District of Delaware. FTX’s lawyers… дальше »

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Celsius Used New Customer Funds to Pay for Withdrawals: Independent Examiner

Shoba Pillay was appointed by a New York bankruptcy court to look at whether the crypto lender operated as a Ponzi scheme дальше »

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Judge Rules Identities of 2 Parties Who Backed Sam Bankman-Fried’s $250M Bond Can Be Revealed

A number of media companies filed to get the court to release the names of the people who co-signed Bankman-Fried’s $250 million bail bond. дальше »

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BlockFi permitted to auction mining equipment

BlockFi has gained permission in bankruptcy court to sell its cryptocurrency mining equipment, Bloomberg reported  January 30. The post BlockFi permitted to auction mining equipment appeared first on CryptoSlate. дальше »

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BlockFi's Crypto Mining Assets May Be Headed to Market After Bankruptcy Hearing

The crypto lender’s quest to get its hands on $580 million of Robinhood shares originally owned by FTX founder Sam Bankman-Fried has taken another turn, the court was told. дальше »

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Big Banks Eyeing Ripple Court Case as XRP Price Holds Onto Gains

Ripple investors and XRP holders are not the only ones with a keen eye on the ongoing battle with the U.S. SEC. The post Big Banks Eyeing Ripple Court Case as XRP Price Holds Onto Gains appeared first on BeInCrypto. дальше »

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Panama’s Supreme Court to rule on cryptocurrency legislation

The high court will now decide whether to declare the “crypto bill” unenforceable or to approve it with modifications.

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Core Scientific files motion to sell over $6M in Bitmain coupons

Some conditions applied to the coupons make them useless for Core Scientific's business, a court filing shows.

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Prosecutors want court to adjust Sam Bankman-Fried’s bail conditions

Prosecutors in New York are now seeking to restrict and re-adjust bail terms following an alleged attempt by Sam Bankman-Fried to sway witnesses using Signal and email. дальше »

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Whale Alert Discovers Large XRP Moves – What Does It Mean?

The Ripple Vs. SEC legal battle has been creating tension for XRP as the court sittings could end this year. The CEO of Ripple has been optimistic that the lawsuit could end earlier in 2023. However, the Ripple native token XRP has been trying to weather the storms of the case and the bearish crypto […] дальше »

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Former FTX Boss Sam Bankman-Fried Using Privacy Messaging App Signal

Federal prosecutors of the Southern District of New York overseeing the current case against Sam Bankman-Fried, the disgraced founder and former CEO of FTX, want the court to impose tighter bail conditions on the defendant. дальше »

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DOJ Claims Sam Bankman-Fried Tried to Influence Witness Testimony, Asks for Communications Ban

Federal prosecutors wrote a letter to U.S. District Court Judge Lewis Kaplan on Friday, requesting that he modify the conditions of Sam Bankman-Fried’s bail to include ban on private communications with current and former employees of FTX and Alameda Research. дальше »

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BlockFi permitted to pay $10M in staff bonuses in spite of bankruptcy

Bankrupt crypto lending firm BlockFi has been granted court permission to pay nearly $10 million in staff bonuses, according to a filing dated January 27. The post BlockFi permitted to pay $10M in staff bonuses in spite of bankruptcy appeared first on CryptoSlate. дальше »

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UK Man Sentenced to 4-1/2 Years in Jail for Stealing $2.5M in Crypto

Wybbo Wirsma, a Dutch native who lived in the U.K., was under investigation for five years until he pleaded guilty in an Oxford court on Thursday. дальше »

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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 дальше »

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FTX Wants to Subpoena Bankman-Fried’s Inner Circle

FTX under John Ray is seeking court approval to subpoena Sam Bankman-Frieds immediate family, Joseph Bankman, Barbara Fried, and Gabriel Bankman-Fried, as well as the exchanges former executives. A List... дальше »

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Goldman Sachs denies being FTX creditor

Goldman Sachs recently claimed not to be part of the FTX creditors listed on the 115-page court document presented by FTX lawyers on Jan. 25. дальше »

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Bitcoin miner Hut 8 takes stoush with Ontario power supplier to court

The lawsuit escalates a months-long dispute between the crypto miner and one of its energy suppliers in Canada.

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SBF family, associates refuse to cooperate in FTX bankruptcy case as arrest details emerge

Associates and family members of Sam Bankman-Fried are refusing to cooperate in FTX’s bankruptcy case, according to a court filing dated January 25. The post SBF family, associates refuse to cooperate in FTX bankruptcy case as arrest details emerge appeared first on CryptoSlate. дальше »

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FTX legal team calls for Sam Bankman-Fried’s family to answer questions under oath: Report

Joseph Bankman, Barbara Fried and Gabriel Bankman-Fried could reportedly face questions in bankruptcy court about any financial benefits they may have received from FTX. дальше »

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Ripple Will Win Now, 'Zero Doubt,' CryptoLaw Founder Says, But There's a Catch

John Deaton says he is positive now that should Ripple case move to US Supreme Court, crypto giant will definitely win дальше »

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Coinbase gets hit with a sanction in the Netherlands, details inside

Coinbase was sanctioned over $3 million for failing to register with Dutch authorities duly. The exchange was also listed as one of the creditors of FTX in the latest court filings. FollowinThe post Coinbase gets hit with a sanction in the Netherlands, details inside appeared first on AMBCrypto. дальше »

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NFT Court Orders Could Become Commonplace

Crypto lawyers are expressing their enthusiasm for NFTs as a viable solution to prosecute blockchain-based crimes that would otherwise remain unresolved. Last year, there was an uptick in lawsuits filed against individuals for blockchain-related offences in situations where the accused could not be reached by more traditional means. дальше »

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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.  дальше »

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'Bitcoin Jesus' Says He Has the Money to Pay Ailing Crypto Lender Genesis

Roger Ver, an early Bitcoin advocate who now advocates for the Bitcoin Cash blockchain, has been accused in court by Genesis of failing to settle cryptocurrency options, with $20.9 million of damages sought. дальше »

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Grayscale Won’t Back Down Even If Court Backs SEC’s Spot Bitcoin ETF Decision

In June 2022, Grayscale sued the Securities and Exchange Commission (SEC) after the regulator had once more declined to convert the Grayscale Bitcoin Trust (GBTC) to a spot ETF. The case is expected to drag on into the second half of 2023 but Grayscale has come forward to reveal its plans if the court were […] дальше »

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Crypto Lender Celsius Wins Court Approval for Customer Withdrawals, Flare Token Airdrop

One order authorizes Celsius to return funds transferred to the platform after the company filed for bankruptcy last July, subject to certain conditions. дальше »

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Genesis subsidiary sues ‘Bitcoin Jesus’ for $20.86M

A subsidiary of bankrupt crypto lender Genesis — GGC International Limited — filed a $20.86 million claim against Bitcoin Cash (BCH) proponent Roger Ver, according to a January 23 court filing. The post Genesis subsidiary sues ‘Bitcoin Jesus’ for $20.86M appeared first on CryptoSlate. дальше »

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Court to hear oral arguments in Grayscale’s lawsuit against the SEC in March

Grayscale had expected it wouldn’t be able to voice arguments until the second quarter, and is calling the quicker timeline “welcome news.” дальше »

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Grayscale, SEC will voice oral arguments over GBTC ETF conversion in March

Grayscale and the United States Securities and Exchange Commission will soon have their oral arguments heard in court regarding the conversion of Grayscale Bitcoin Trust into an exchange-traded fund, according to a court filing dated January 23. дальше »

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Genesis Seeks $20.9M From ‘Bitcoin Jesus’ Over Crypto Options Trades That Weren’t Settled

The court action seeks damages from the Bitcoin Cash backer Roger Ver related to the alleged failure to settle cryptocurrency options transactions that expired on Dec. 30, 2022. дальше »

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US court accelerates Grayscale case against SEC 

Grayscale recently filed a lawsuit against the Securities and Exchange Commission, challenging the agency’s decision to reject the conversion of its Grayscale Bitcoin Trust into an exchange-traded fund. дальше »

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Crucial Day For Bitcoin: Court Sets Date For Grayscale Vs. SEC

The insolvency of Genesis Trading and the related uncertainty about the future of Digital Currency Group (DCG) and Grayscale have not really dampened the mood on the Bitcoin market in recent weeks. Genesis’ bankruptcy filing, which was announced last Thursday, seems to have already been priced in by investors. дальше »

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Lawyers for Genesis and Its Creditors Are ‘Optimistic’ for a Quick Resolution to Bankruptcy Woes

Lawyers for Genesis Global told a New York bankruptcy court on Monday that they’ve been working with their creditors’ representatives and the U.S. Trustee’s Office “around the clock” for the past two months in order to reach a “consensual resolution” with the embattled company’s creditors. дальше »

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BlockFi Desperate to Retain Talent Despite Bankruptcy 

BlockFi asks court for ruling on retention scheme first proposed in November 2022.

The post BlockFi Desperate to Retain Talent Despite Bankruptcy  appeared first on BeInCrypto.

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BlockFi exec argues bankruptcy court should approve bonuses to retain talent

According to Megan Crowell, losing certain employees could “severely [limit] the debtors’ options“ amid bankruptcy proceedings.

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Genesis Officially Joins Growing List of Bankrupt Crypto Companies

Genesis Global Holding Corporation has officially filed for chapter 11 bankruptcy. The trading and lending subsidiary of Digital Currency Group submitted filings late Thursday night at the New York Southern District Bankruptcy Court, bringing the toll of top-tier bankrupt crypto companies to 10. дальше »

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Court documents show Genesis had $5.1B in liabilities 

Bankruptcy court documents filed by Genesis interim CEO Derar Islim show that the now-defunct crypto lending platform owed  $5.1 billion. дальше »

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