Search
FTX Seeks to Exclude Dubai Subsidiary From Ongoing Bankruptcy
3.8.2023
FTX Trading Ltd. filed a motion on Tuesday to dismiss its Dubai-based subsidiary, FTX Exchange FZE, from ongoing bankruptcy proceedings, citing the unit’s lack of operations and assets. Dubai’s FTX Exchange Faces Voluntary Liquidation After Motion to Dismiss From Parent Company In...
Bankrupt Crypto Exchange FTX Wants Dubai Entity Detangled From US Bankruptcy Filings: Here’s The Latest
3.8.2023
Bankrupt digital asset exchange FTX has filed a motion to exclude its Dubai entity from the ongoing bankruptcy proceedings in the United States.
Per the motion, the company argues that FTX Dubai was not in business before Nov 2022 when bankruptcy documents were filed and as such there is no need...
FTX files motion to exclude its Dubai unit from bankruptcy proceedings
3.8.2023
FTX filed for bankruptcy in November last year, entering into Chapter 11 proceedings with 102 units around the world
Mediation Period for Bankrupt Crypto Firm Genesis Nearing End, Deal Uncertain
3.8.2023
Mediation between bankrupt cryptocurrency lender Genesis Global Holdco and creditors is set to conclude by August 16, but a deal is yet not certain.
Speaking during a hearing before US Bankruptcy Judge Sean Lane, company lawyer Sean O'Neal said the mediation period would not be extended if...
FTX Wants Dubai Unit Removed From U.S. Bankruptcy Proceedings
3.8.2023
Liquidating FTX Dubai under UAE law would help timely distribution of any outstanding liabilities, the bankrupt estate argued in court filings
BlockFi's Chapter 11 plan progresses with conditional court approval
3.8.2023
Once the bankruptcy plan receives approval, the lender said it intends to concentrate its efforts on recovering funds from several other defunct firms
Bankrupt Crypto Lender BlockFi Inches Closer to Refunding Clients
3.8.2023
A disclosure statement is an official, court-approved document outlining the debtor’s assets and liabilities
FTX Proposes Rebooting Exchange for Offshore Customers in Bankruptcy Plan, FTT Token Holders Left Empty-Handed
2.8.2023
The bankrupt crypto exchange FTX’s new management has proposed to reboot the exchange for offshore customers only, but holders of the FTT token would not benefit from the plan.
In a recent filing, FTX’s management proposed to group the various creditors into different classes as a way for them...
SBF denies witness tampering in effort to avoid jail
2.8.2023
Lawyers for Sam Bankman-Fried claim that his alleged sharing of Caroline Ellison's diary with the New York Times does not amount to witness tampering
FTX creditors unimpressed with exchange's bankruptcy exit plan
2.8.2023
FTX’s official creditor committee said the current plan would add costs and delays to what’s already on track to be a historically expensive bankruptcy
FTX Unveils Reboot Plan for New Offshore Exchange under New Leadership
2.8.2023
On July 31st, under its new CEO, John J. Ray III, the bankrupt cryptocurrency exchange FTX Trading Ltd. submitted a draft plan to "reboot" the collapsed crypto exchange.
The proposal was unveiled on Monday, presenting FTX.com claimants with the option to hold equity securities, tokens, or other...
3AC co-founder rejects jurisdiction of bankruptcy court, claiming he renounced US citizenship
1.8.2023
As Singapore does not allow dual nationality, 3AC co-founder Kyle Davies said he chose to renounce his U.S. citizenship after getting married and receiving permanent residency
Voyager customers targeted by scammers during 30-day withdrawal period: Report
1.8.2023
Phony websites offered customers a premium for claiming through them. In reality, they drained customers’ wallets
FTX Unveils Reorganization Strategy, Proposing ‘Offshore Crypto Exchange’ and New Trust
1.8.2023
In the midst of the bankruptcy proceedings, FTX presented its primary reorganization strategy and term sheet to the U.S. bankruptcy court, detailing an ambitious plan to reinvent FTX as an “offshore crypto exchange” while also founding a new limited liability trust. At this time, the proposed...
Bankruptcy judge signs off on order allowing Terraform Labs to subpoena FTX entities
1.8.2023
Terraform Labs claimed that the failures of its algorithmic stablecoin and governance token were the result of an attack from short sellers, potentially involving Alameda Research
FTX.com releases restructuring plan, hints at rebooted offshore exchange
1.8.2023
Reams of dockets from FTX.com have been filed alongside a proposed reorganization plan which could see FTX resurrected as an offshore exchange
DCG Says It Sees Resolving Genesis Chapter 11 Bankruptcy Soon
31.7.2023
Digital Currency Group comments on the restructuring in an investor letter
Bankruptcy Tussle Between Crypto Firms FTX and Genesis Nears Resolution
29.7.2023
The long-standing legal feud between FTX Trading and Genesis Global Holdco is taking a turn towards resolution. The two parties have reached an initial agreement, in principle, following bankruptcy protection disputes that have made industry headlines. An official letter to the bankruptcy judge...
Bankrupt FTX and Genesis Global to Settle Dispute in Bankruptcy Cases
28.7.2023
Bankrupt crypto exchange FTX and crypto lender Genesis have come to an agreement to settle their disputes within their bankruptcy cases.
The agreement was disclosed in a letter submitted by their legal representatives to the US bankruptcy court for the Southern District of New York...
FTX, Genesis reach in-principle agreement to settle bankruptcy case
28.7.2023
FTX and Genesis lawyers have sent a letter to the bankruptcy judge regarding a settlement agreement