A judge in the Southern District of New York says he will stop the SEC from interfering with a bankruptcy case by claiming a new crypto asset is a security. Judge Michael Wiles says he will not allow ...
Tag: proceedings
SEC’s Crypto Regulation Proceedings Reach to Custody Services
US SEC looking for expansion of existing custody services to include crypto Earlier it took actions against crypto staking services and barred a crypto exchange from it The tightening of regulatory gr...
FTX’s Turkish Entities Dismissed From US Bankruptcy Proceedings
Delaware bankruptcy court Judge John T. Dorsey on Monday signed an order approving the dismissal of FTX’s Turkish entities from the collapsed exchange’s U.S. bankruptcy proceedings. The order was sig...
Court Allows FTX’s Turkish Subsidiary To Be Excluded From Proceedings
10 hours ago | 2 mins read Exchange News Last month, FTX asked for this order to be signed by the Court. Turkey’s Financial Crimes Investigation Board have froze the assets of the firm. On Monday, Jud...
SEC and CFTC Lawsuits Against Former FTX CEO Paused Until Criminal Proceedings Conclude – Bitcoin News
Two civil lawsuits, stemming from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), against former FTX CEO Sam Bankman-Fried will be paused until h...
Bankruptcy Proceedings Come At A High Cost For FTX, Law Firm To Earn Millions
The FTX bankruptcy case has proved to be a lucrative opportunity for Sullivan & Cromwell, a well-known law firm, as it is expected to earn millions in fees for handling the fallen crypto empire’s ...
FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings – Bitcoin News
FTX debtors have filed a motion with the court requesting to dismiss its Turkish subsidiaries from the Chapter 11 bankruptcy proceedings. The defunct crypto exchange’s lawyers believe dismissing the e...
FTX Urges Court to Exclude Turkish Subsidiary From Bankruptcy Proceedings
10 hours ago | 2 mins read Exchange News The filing shows that FTX Trading Ltd, the market maker, owns 80%. Local authorities in Turkey may seize any FTX Turkey assets they deem necessary. Since court...
Monex wants to buy FTX Japan amid bankruptcy proceedings: Report
FTX Japan, one of the four FTX assets put on sale, caught the eye of Monex Group, an online brokerage firm based in Tokyo. In an interview with mainstream media outlet Bloomberg, Monex CEO Oki Matsum...
FTX creditor committee hires Paul Hastings LLP for bankruptcy proceedings: Report
After taking pitches from many law firms, the nine-member committee representing unsecured creditors of the disgraced crypto exchange FTX has decided on a legal adviser, the Wall Street Journal report...
Ripple Vs SEC: Atty. Nicole Tatz Withdraws As Counsel For Ripple! How Will This Impact The Proceedings?
Over the last several days, the value of Ripple (XRP), which is the seventh-largest cryptocurrency in the world, has been trending downward. At the time of this writing, one unit is worth $0.3428, whi...
FTX Selling Solvent Businesses Amid Bankruptcy Proceedings
A month after the exchange’s new CEO disclosed company restructuring plans, FTX Trading and its affiliated debtors will put LedgerX and its European and Japanese digital assets subsidiaries up for auc...
The Arrest of Sam Bankman-Fried Only Marks The Start Of Expected Lengthy Legal Proceedings ⋆ ZyCrypto
Advertisement     Media is awash with the news that Sam Bankman-Fried (SBF), the former CEO of the collapsed FTX cryptocurrency exchange, was arrested by Bahamas law e...
FTX debtors attempt to seal corporate identities to obfuscate bankruptcy proceedings
According to documents filed on Dec. 12, the Debtors of FTX are attempting to obfuscate the bankruptcy hearing by continuing to insist all individual and corporate client identities are sealed unless ...
Ripple Ally Faces Delay from SEC over Next Phase of Proceedings
Tomiwabold Olajide Ripple ally sees delay in next phase of lawsuit as SEC requests more time According to recently provided updates by James K. Filan in Ripple ally LBRY’s lawsuit, the SEC has s...
Bloomberg and Several Media Giants Move To Reveal Personal Information of FTX Clients in Bankruptcy Proceedings
A group of the world’s biggest media corporations is making a move to reveal the identities of those who lost money in the collapse of crypto exchange FTX. According to documents provided by Kroll, FT...
Sam Bankman-Fried’s Robinhood stake is tied up in FTX bankruptcy proceedings, CEO Tenev says
Robinhood Markets, Inc. CEO and co-founder Vlad Tenev and co-founder Baiju Bhatt pose with Robinhood signage on Wall Street after the company’s IPO in New York City, U.S., July 29, 2021. Andrew ...
5 Highlights From BlockFi Bankruptcy Proceedings
BlockFi’s bankruptcy last week marked the latest instance of crypto’s collapse starting to resemble TradFi’s 2008 crisis. More high-flying firms are running out of financial runway, if they have yet t...
FTX’s LedgerX to free up $175 million for use in bankruptcy proceedings: Bloomberg
LedgerX, FTX Group’s solvent subsidiary that also had to file for bankruptcy protection as part of the group, will make available $175 million for use in bankruptcy proceedings, Bloomberg report...
FTX logos and promotional material still everywhere despite bankruptcy proceedings
Before its liquidity issues and bankruptcy filing in November, FTX was well known for its prolific stance on making sponsorship deals. Even with many in and out of the space now associating the exchan...
Sam Bankman-Fried $40 Mn Mansion Part of Bankruptcy Proceedings?
Sam Bankman-Fried was one of the youngest billionaires on the Forbes list. FTX was among the top three crypto exchanges globally. Michael Ruiz of FoxBusiness reported that Sam Bankman Fried owns a ...
Kroll compiles docket filed in FTX Bankruptcy proceedings – crypto.news
FTX have shared the dockets presented on their bankruptcy proceedings earlier today on the Kroll webpage. Additionally, the fallen crypto exchange plans to crowdsource all of the due diligence and rel...
Celsius Customers Have Until January to File Claims in Bankruptcy Proceedings
The U.S. Bankruptcy Court of the Southern District of New York has approved a request by bankrupt crypto lender Celsius to set a deadline for its customers to submit proofs of claim in the ongoing ban...
Another FTX Stadium Naming Rights Deal Bites the Dust Amid Bankruptcy Proceedings: Report
Another high-profile FTX stadium naming rights deal is reportedly cratering amid the exchange’s meltdown and bankruptcy. Front Office Sports reports that the University of California, Berkeley, has su...
FTX Group establishes Kroll to update users on legal proceedings – crypto.news
\n FTX Group has created a Kroll webpage to update the world on its legal proceedings after the company filed for Chapter 11 Bankruptcy. The webpage will be available for the public to access all offi...
Bahamas Regulators Want Control of FTX Bankruptcy Proceedings
Regulators in the Bahamas want to take control of FTX’s bankruptcy proceedings in what could become a messy process. Yesterday, FTX Digital Markets Ltd., the exchange’s Bahamian subsidiary, filed for ...
bankruptcy proceedings, insider threat or a hack?
The recent tensions between the two major crypto exchanges FTX and Binance, which was accompanied by a massive selloff of FTX Token (FTT), resulted in the collapse of roughly 130 companies linked to F...
FTX Commences Bankruptcy Proceedings as CEO Steps Down
FTX.com has commenced Chapter 11 Bankruptcy proceedings after unsuccessfully attempting to raise $8 billion in liquidity. According to the notice, FTX US, Alameda Research and 130 other connected enti...
FTX CEO Bankman-Fried Resigns, Bankruptcy Proceedings Begin
By Jon Rice / November 11, 2022, 9:23 am EST In a notice posted to the FTX official Twitter account this morning, FTX announced that Sam Bankman-Fried would be stepping down from his position as CEO o...
Celsius Top Dogs Withdrew $42M Before Bankruptcy Proceedings
A new court document reveals that former Celsius CEO Alex Mashinsky, former CSO Daniel Leon, and CTO Nuke Goldstein withdrew their crypto before Celsius paused withdrawals in June 2022. Update 6 Oct. ...
High Profile NFT Collection Moved from 3AC Wallet Amid Bankruptcy Proceedings
Last year, a non-fungible token (NFT) fund created by Three Arrows Capital co-founders has now seen many of its digital art assets moved to another wallet. On Oct. 4, crypto insights and analysis firm...
Celsius Network Co-founder Resigns Amid Bankruptcy Proceedings
3 hours ago | 2 mins read Editors News Celsius froze client withdrawals and later filed for Chapter 11 bankruptcy protections. Mashinsky handed up his resignation a week ago today. On Tuesday, S. Dani...