Binance.US can buy failed crypto lender Voyager Digital’s assets, a federal judge confirmed after a four-day marathon hearing that stretched from last week to this one. Judge Michael Wiles conf...
Tag: Court Hearings
Coinflex says restructuring plan is approved by Seychelles court
Courts in the Seychelles, where crypto exchange Coinflex is based, approved its restructuring plans on Monday, according to a statement from the company. The court may publish the written order ...
Vauld gets yet another creditor protection extension until March 24
Published 40 minutes earlier on Asian crypto lender Vauld received a further extension to its legal protection from creditors at a Singapore High Court hearing on Monday — albeit a shorter delay than ...
Bankrupt crypto giant FTX racks up millions in legal and consulting bills
Going broke isn’t cheap. Troubled crypto exchange FTX and its affiliated companies racked up more than $20 million in legal and consulting bills during the first several months of its ban...
Judge denies Bankman-Fried’s bail modification ahead of Thursday hearing
A U.S. District judge rejected Sam Bankman-Fried’s request to modify his bail terms and cancel a Thursday hearing on the issue, according to court documents filed on Tuesday. Bankman-Fried agree...
Bankman-Fried’s texts may harm his legal defense
Sam Bankman-Fried just threw a wrench in his criminal trial before it even started. A judge barred Bankman-Fried from using “encrypted or ephemeral” messaging apps like Signal until a court hear...
Tether denies it borrowed $2B from Celsius, as described in court report
Stablecoin issuer Tether is pushing back against assertions that it borrowed funds from failed crypto lender Celsius. According to a nearly 700-page report filed Tuesday from court-appointed ex...
Highlights from the court report detailing Celsius’ Ponzi-like downfall
Celsius Networks used to promise customers ”financial freedom” with a ”community first” company that sold products safer than a bank. ”We are Celsius. We dream big,”...
Bankruptcy judge approves BlockFi’s employee retention program
A New Jersey bankruptcy court judge has approved BlockFi’s request to offer bonuses to top staff. “It offers the debtor and the employee an opportunity to move forward and maximize the estate,” ...
Nearly $700 million of Bankman-Fried’s assets seized by Feds: CNBC
Federal prosecutors this Friday took $697 million worth of cash and assets primarily made up of Robinhood shares from former FTX CEO and founder Sam Bankman-Fried, court documents show. Prosecu...
FTX gets judge’s approval to start selling LedgerX and other units
Collapse crypto exchange FTX got the judicial green light to begin selling parts of its business, the next step in raising money to repay its more than one million creditors. LedgerX, Embed and ...
FTX fraud victims invited to come forward by US officials
The U.S. Attorney’s Office for the Southern District of New York invited victims of the FTX collapse to come forward on a website that went live earlier today. An email address through whi...
Celsius ruling shines light on crypto user agreement fine print
Experts say a judge’s recent ruling that assets in a yield-bearing account belong to Celsius, not investors, highlights how high the stakes are in bankruptcy proceedings for customers of crypto firms....
Mango Markets exploiter issued order of detention
The United States District Court for the District of Puerto Rico issued an order of detention for Mango Markets exploiter Avraham Eisenberg. The decision follows a detention hearing, where it wa...
Committee to represent creditors formed in FTX bankruptcy case
A committee to represent unsecured creditors and serve as the voice for most FTX customers in court was established in the U.S. bankruptcy case of FTX and its affiliated companies. The formation...
Congressional committee confirms SBF as FTX hearing witness
Disgraced FTX founder Sam Bankman-Fried is slated to testify in a congressional hearing on the collapse of the company, the U.S. House of Representatives Committee on Financial Services confirmed. &#...
Judge dismisses crypto lawsuit against Kim Kardashian, Floyd Mayweather Jr.: CNBC
A federal judge dismissed a proposed class-action lawsuit against EthereumMax founders and celebrity promoters, including Kim Kardashian and boxer Floyd Mayweather Jr., CNBC reported. Plaintiff ...
Three Arrows Capital liquidators begin taking control of failed hedge fund’s assets
Teneo, the advisory firm overseeing the liquidation of crypto hedge fund Three Arrows Capital (3AC), has taken control of some of its assets, according to a presentation deck obtained by The Block. &#...
Nicholas Truglia served with 18-month prison sentence: Bloomberg
Nicholas Truglia, the 25-year-old hacker who last year pleaded guilty to conspiracy to commit wire fraud, now faces 18 months in prison, Bloomberg News reported. Truglia had been facing up to 63...
Bankman-Fried Robinhood shares are the target of a BlockFi lawsuit
A lawsuit filed by crypto lender BlockFi demands Robinhood shares Sam Bankman-Fried is said to have pledged to the company as collateral, the Financial Times first reported. Bankman-Fried owned ...
FTX creditor information to remain confidential, at least for now
A federal judge granted a preliminary request to maintain the anonymity of creditors in the FTX bankruptcy case, but noted that more information on the company’s creditors could become public in...
Bahamas seized FTX Digital Markets’ assets on Nov. 12, regulator now says
The Securities Commission of the Bahamas on Nov. 12 transferred FTX Digital Markets’ assets to a digital wallet it controls, the regulator said on Twitter Nov. 17, further complicating a legal s...
JPMorgan Chase, Wells Fargo among potentially exposed FTX parties
FTX has named Kroll Restructuring Administration as its agent as it navigates the federal bankruptcy process and cited dozens of companies and people affected by its collapse, a petition filed by the...