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SEC scrutinizes Terraform Labs’ US$166 mln legal retainer

The U.S. Securities and Exchange Commission (SEC) has challenged Terraform Labs’ massive legal retainer amid bankruptcy proceedings, alleging potential misuse of funds and conflict...

Gemini to reimburse US$1.1 bln to Earn customers after settlement

Gemini, a New York-based cryptocurrency exchange, has reached a settlement agreement to return US$1.1 billion in digital assets to users of its Earn program,...

FTX Can Now Sell Its $1B Stake in Anthropic to Repay Creditors – Decrypt

A federal bankruptcy court has approved a plan by collapsed crypto exchange FTX and its creditors to sell the fallen firm's $1 billion stake...

Reddit Doesn’t Have to Share IP-Addresses of Piracy Commenters, Court Rules

Every day, millions of people from all over the world submit posts, comments, and other content to Reddit. In many cases, discussion comments are read...

BlockFi and 3AC Resolve Counterclaims in Bankruptcy Settlement, but There’s a Catch

A settlement between defunct crypto lending company BlockFi and the collapsed hedge fund Three Arrows Capital (3AC) was approved by a US bankruptcy court...

FTX to Repay Clients Fully but Exchange Won’t Reopen – CryptoCurrencyWire

Sam Bankman-Fried’s defunct crypto exchange FTX disclosed in a recent court session that it intends to fully reimburse its clients. Bankman-Fried was convicted last...

Genesis Seeks To Sell $1.4B GBTC Amid Ongoing Legal Turmoil

In a recent development, Genesis, a bankrupt digital asset lending firm, has formally petitioned a United States Bankruptcy Court for an approval to sell...

Biotech Co. NanoString Hits Ch. 11 In Del. With $325M Debt – Law360

By Alex Wittenberg (February 5, 2024, 10:53 AM EST) -- Life sciences company NanoString Technologies Inc. and three affiliates filed for Chapter 11 protection...

Core Scientific Secures Approval to Emerge and Re-list on Nasdaq by January 2024

Core Scientific, a provider of blockchain computing data centers and software solutions, announced that the United States Bankruptcy Court for the Southern District of...

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