Terraform Labs to reopen Shuttle Bridge, destroy LUNA tokens
[Jul 19 7:04 AM] These developments indicate TFL’s proactive efforts to tackle Terra’s challenges and restore trust and stability within the ecosystem.
1 / 1 Relevant items tagged with #BankruptcyCourt
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Crypto Lender Genesis Requests US Bankruptcy Court to Approve ‘Settlement Principle’
[Mar 20 2:30 PM] The insolvent cryptocurrency lender, Genesis, has petitioned a U.S. bankruptcy court to approve a proposed settlement principle announced on Feb. 28. According to an update, if the court approves the settlement, Genesis Earn users will receive all…
Bankrupt Crypto Firm FTX Trading Reaches Settlement With Bahamian Subsidiary
[Dec 19, 2023 11:30 AM] FTX Trading Ltd. and its affiliated debtors have announced a landmark settlement with their Bahamian subsidiary, FTX Digital Markets Ltd., amid ongoing liquidation proceedings. This agreement, pending court approval, promises a novel approach to…
Metropolitan Museum of Art to return $550K in donations from FTX
[Jun 4, 2023 7:05 PM] The agreement came on the back of “good faith, arm’s length negotiations” with FTX’s debtors, the museum said.
Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell Company
[May 16, 2023 4:00 AM] The now-defunct crypto lender Blockfi has recently filed a court document outlining its plans to liquidate the company. The firm has come to the realization that selling the company would not be beneficial to its creditors. As a result, Blockfi has…
Core Scientific to transfer $20M of equipment to settle bankruptcy dispute
[Mar 20, 2023 11:45 PM] Millions of dollars worth of electrical equipment will be transferred to the crypto miners' exclusive energy negotiator to settle a payments dispute.
US officials appeal protections for Voyager execs in Binance.US sale
[Mar 15, 2023 12:06 AM] The DOJ disagrees with the legal protections given to those involved in the Voyager-Binance.US sale saying the court “improperly” exceeded its authority.
3AC Co-Founder Kyle Davies Fails to Respond to Liquidators’ Subpoena Despite Twitter Delivery
[Feb 8, 2023 12:30 PM] According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via…
FTX Debtors Demand Return of Funds Given to US Politicians and Super PACs
[Feb 6, 2023 9:07 AM] FTX debtors are seeking to claw back millions of dollars given to U.S. political action committees (PACs) and political figures. Confidential letters have been sent to individuals and organizations, requesting the return of the funds by Feb. 28…
DOJ-Appointed US Trustee Objects to Subpoena Request in FTX Bankruptcy Case
[Feb 3, 2023 12:30 PM] Following a request from FTX lawyers to subpoena FTX co-founder Sam Bankman-Fried (SBF) and members of his family, the U.S. Trustee appointed by the Department of Justice has filed an opposition to the request. The U.S. Trustee explained that the…
FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings
Celsius Floats Possibility of Debt Token to Repay Creditors; Secures Court Approval to Process Customer Withdrawals
[Jan 25, 2023 4:30 PM] The defunct crypto lender Celsius is exploring the possibility of creating a debt token to repay creditors. The plan would need to be approved by regulators, but if approved by the trustee and financial authorities, the debt token would be called…
Genesis eyes fast resolution to creditor disputes and bankruptcy exit in May
[Jan 23, 2023 11:11 PM] A lawyer for Genesis is optimistic it can resolve creditor disputes before the week is out while the firm could exit bankruptcy proceedings in four months.
Binance US Plans to Acquire Voyager Digital’s Assets for $1 Billion in Bankruptcy Bid
[Dec 19, 2022 11:30 AM] According to a Binance blog post, Binance US has entered an agreement with Voyager Digital Ltd., in order to acquire its assets. The announcement details that the acquisition “sets a clear path forward for Voyager customers’ funds to be unlocked as…
New York Times, FT, Bloomberg Blasted for Attempting to Get FTX Creditors’ Names Unsealed
[Dec 11, 2022 9:30 AM] Amid the ongoing FTX bankruptcy proceedings, court documents indicate that media firms such as Bloomberg, the New York Times (NYT), Dow Jones & Company, and the Financial Times (FT) want the redacted information tied to FTX creditors unsealed…
FTX Co-Founder Sam Bankman-Fried Faces US Extradition, Bankruptcy Court Says Top Execs Won’t Be Compensated
[Nov 22, 2022 9:30 AM] According to a report citing three people familiar with the matter, the former FTX CEO Sam Bankman-Fried (SBF) may be extradited to the United States for questioning. After it was alleged that SBF transferred $10 billion in customer funds to…
Ikigai Exec Says ‘Large Majority’ of Crypto Asset Management Firm’s Funds Stuck on FTX
[Nov 14, 2022 3:30 PM] After Kevin Zhou, the co-founder of the hedge fund Galois Capital, revealed half of the firm’s assets were held on FTX, another crypto asset management firm called Ikigai detailed that “a large majority of the hedge fund’s total assets” were store