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Tag: debtors

S&C Under Fire: FTX’s Bankruptcy Legal Counsel Faces Lawsuit

The collapse of the digital asset exchange FTX has sparked a legal firestorm, with investors taking aim at Sullivan and Cromwell (S&C), the law...

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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...

Russian Banks Collect Customer Data from Bybit, Bitstamp, OKX Amid Bankruptcy Fears

Advertisement &nbsp &nbsp Several international cryptocurrency exchanges have joined forces with Russian arbitration managers to...

FTX Foundation Employee Battles for $275K Bonus Amid Legal Fray: Report

A former trader from Jane Street, hired by Sam Bankman-Fried to contribute to FTX’s philanthropic efforts, is currently in a legal battle to...

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