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Tag: debtors

FTX Promises Full Refunds to Most Customers

In the latest filing to the court, it was revealed that about everyone who traded at FTX is likely to get their money back,...

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Genesis Granted Approval To Sell $1.6 Billion In GBTC Shares

Genesis Global Holdco LLC, a prominent player in the digital asset lending sector, has received court approval to sell off its holdings in Grayscale’s...

FTX Plans To Sell Digital Custody Inc to CoinList for $500,000 After Acquiring the Firm for $10,000,000 – The Daily Hodl

Bankrupt crypto exchange FTX is planning on selling one of its subsidiaries, Digital Custody, Inc. (DCI), to CoinList at a massive discount. New court documents...

NYAG raises DCG, Genesis lawsuit to $3B amid conflicting settlement reports

The New York Attorney General’s Office (NYAG) raised its fraud claims against Digital Currency Group (DCG) and related parties on Feb. 9.The NYAG’s lawsuit...

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...

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...

FTX Seeks Court Approval to Sell $175M Genesis Claim Amid Bankruptcy Proceedings

FTX has filed a motion in Delaware court to sell a $175 million claim against bankrupt Genesis Global Capital, aiming to optimize returns from...

Appeals Court Orders Appointment of Examiner for FTX

The US federal appeals court has ordered the appointment of an independent bankruptcy examiner to investigate the collapse of FTX, the cryptocurrency exchange once headed by...

Legal Battle Intensifies as Bankman-Fried’s Parents Counter FTX’s Allegations

In a legal battle that could set precedents in the cryptocurrency world, Joseph Bankman and Barbara Fried, the parents of FTX founder Sam Bankman-Fried,...

What To Expect In Crypto And Blockchain In 2024? – CryptoInfoNet

As the world rang in the new year, Bitcoin touched $45,000, a high last seen during the spring of 2022. Though many may be...

Regulatory and Legislative Analysis – December 2023

Regulatory and Legislative Analysis – December 2023January 3, 2024Demetrios TseasRegulatory and Legislative Analysis – GLOBALEgmont Group releases report summary highlights for Terrorist Finance Risks...

FTX creditors stand to collectively lose millions under new reogranization plan

FTX Debtors filed an amended Chapter 11 reorganization plan on Dec. 16 that will potentially lead to millions of dollars worth of losses for...

Bankruptcy Court Declares FTX Debtors Can Begin To Sell $744,000,000 Worth of Grayscale and Bitwise Shares – The Daily Hodl

A bankruptcy court is ruling that debtors of bankrupt crypto exchange FTX can begin selling hundreds of millions of dollars worth of Grayscale and...

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