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Terraform Labs Pushes Back Against SEC Over Special Counsel Payment
5.3.2024
Crypto firm Terraform Labs has filed a lawsuit against the US Securities and Exchange Commission. The suit addresses the recent objection from the regulator over a $166M retainer paid to special litigation counsel Dentons. The SEC’s argument lies in the fact that the crypto firm’s lavish spending...
FTX Payment Plan Faces Backlash, Clients Slam 2022 Asset Valuation as ‘Theft,’ Urge Court for Fair Redress
22.1.2024
Following the submission of a proposal by FTX estate debtors to reimburse customer assets based on their value as of Nov. 11, 2022, numerous objections have been raised by customers. A notable objection comes from an FTX client in France, who criticizes the estate for “depleting creditor...
FTX Foundation staffer fights for $275K bonus promised by SBF
14.11.2023
FTX Foundation employee Ross Rheingans-Yoo said he was not part of Sam Bankman-Fried’s “inner circle” and knew nothing about FTX’s fraud
SEC raises concerns over Coinbase in objection to Celsius restructuring plan
25.9.2023
Coinbase CEO Brian Armstrong and chief legal officer Paul Grewal issued a joint statement questioning the SEC's reasoning in its Sept. 22 objection
Prosecutors Challenge FTX Founder’s Legal Advice Defense Ahead of Fraud Trial
30.8.2023
Sam Bankman-Fried’s legal team claimed last week that the FTX founder received assurances from lawyers his actions were lawful. However, federal prosecutors are now contesting the validity of Bankman-Fried’s defense strategy ahead of trial. Bankman-Fried’s Legal Defense...
BlockFi argues FTX, Three Arrows Capital isn't entitled to repayments
23.8.2023
BlockFi argues its creditors, not FTX’s, are the “ultimate victims” of FTX’s alleged fraud
FTX Modifies Settlement Motion After US Trustee Objection in Bankruptcy Case – What's Going On?
22.8.2023
Bankrupt crypto exchange FTX submitted a "Reply" on Sunday, August 20, to back its Settlement Plan and address the US Trustee's objection to the Motion.
On August 16, FTX Trading and its associated debtors submitted a court filing titled "Motion of Debtors for an Order Authorizing Procedures...
FTX's Debtors Revise Settlement Proposal After Objection From U.S. Trustee
21.8.2023
Bankrupt crypto exchange FTX's debtors have revised their motion for settlement after the U.S. Trustee objected to an earlier motion
Judge Grants SEC’s Request to Seek Interlocutory Appeal in Ripple Case Over XRP
18.8.2023
District Judge Analisa Torres has granted the request by the U.S. Securities and Exchange Commission (SEC) seeking to file an interlocutory appeal in the Ripple case over XRP. Judge Torres’ approval came one day after Ripple Labs filed its objection to the SEC’s request. Judge...
Dubai Regulator Unveils Schedule of Fees for Virtual Asset-Related Activities
28.6.2023
The Dubai Virtual Asset Regulatory Authority (VARA) recently announced the schedule of fees “covering the issuance of no-objection certificates to proprietary traders, amendments or withdrawal of licence applications, and the submission of whitepapers for VARA review.” According...
Crypto Exchange Bittrex’s Customer-Repayment Plan Faces U.S. Government Objection
8.6.2023
If successful, it wouldn’t be the first time the state has scuppered a crypto bankruptcy proposal
Mainstream media renew push for non-US FTX user identities
4.5.2023
A May 3 filing to the United States Bankruptcy Court brings new objections to a motion that aimed to redact customer identities
Binance US Pulls the Plug: Voyager Purchase Deal Falls Through
25.4.2023
According to the now-defunct crypto lender Voyager, Binance US sent a letter to the company “terminating the asset purchase agreement.” While the announcement was “disappointing” for Voyager, the firm maintained that its customers would still be receiving their cash...
Names of non-US FTX users demanded by mainstream media outlets
6.4.2023
A number of mainstream media outlets are pushing to publicize the personal details of FTX’s non-U.S. customers, similar to what happened with Celsius
Voyager Bankruptcy Judge Expresses Skepticism Over U.S. SEC Objection to Binance US Deal
7.3.2023
Judge Michael Wiles of the Southern District of New York questioned a U.S. Securities and Exchange Commission attorney over the agency's concerns that Binance US may be operating an unregistered securities exchange
SEC objection to Voyager-Binance.US deal questioned by US judge
3.3.2023
A U.S. judge scolded the SEC over its non-specificity on its objection to Voyager’s restructuring deal and asked for specifics on its concerns
Voyager Bankruptcy Judge Says He Is ‘Absolutely Shocked’ by SEC Objection to Binance US Deal
2.3.2023
U.S. Bankruptcy Judge Michael Wiles appeared heavily skeptical about an attempt by the Securities and Exchange Commission (SEC) to stop a purchase by Binance US of assets of defunct crypto lender Voyager at a Thursday court hearing
SEC files objection to Binance US bid for Voyager assets
23.2.2023
The SEC has moved to bar final approval of Binance.US’ $1 billion bid for assets belonging to bankrupt crypto lending firm Voyager Digital
US Federal Trade Commission Investigates Marketing Schemes of Crypto Firm Voyager
22.2.2023
According to a court document filed recently in the Voyager Digital bankruptcy case, the U.S. Federal Trade Commission (FTC) is investigating the marketing of the crypto firm. Like the U.S. Securities and Exchange Commission (SEC), the FTC has objected to Binance US purchasing Voyager’s...
Celsius‘ motion to extend timeline for restructuring plan faces objection from creditors
9.2.2023
“It is time to allow the Debtors’ customers to propose their own plan for the assets that they were defrauded into investing with Celsius,” said a Withhold account holders’ filing