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Nalezeno "US Bankruptcy Court": 116

Celsius Network Files 'Adversary Complaint' Against EquitiesFirst to Recover Assets

6.9.2023
EquitiesFirst, a private lender, owed Celsius $439 million of assets as of July 2022

Samuel Trabucco’s Multi-Million Dollar Yacht Spotlighted in FTX’s Financial Records

4.9.2023
The FTX debtors filed a bankruptcy court document detailing lavish cash transfers and purchases by former CEO Sam Bankman-Fried and other company insiders. The section titled “Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy” shows that Bankman-Fried reportedly...

‘Hedging Bitcoin and Ether’ — FTX Seeks Court Approval for Strategic Partnership With Galaxy Digital

24.8.2023
FTX Trading Ltd., accompanied by its linked debtors, has approached the U.S. Bankruptcy Court in Delaware with a proposal to collaborate with Michael Novogratz’s Galaxy Digital Capital Management LP, also known as Galaxy Asset Management. FTX Trading Proposes Alliance With Novogratz’s...

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...

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

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...

Sam Bankman-Fried's brother planned to buy island and prep for apocalypse: court filing

21.7.2023
According to court documents, Gabriel Bankman-Fried wrote a memo to the FTX Foundation with a plan to build a bunker to survive “some event where 50%-99.99% of people die"

FTX claims portal becomes unavailable shortly after going live

11.7.2023
Users affected by the bankruptcy of FTX or certain subsidiaries have the option of filing a proof of claim through Kroll’s online customer form and via U.S. mail

FTX Seeks to Claw Back $700M in Lawsuit Over Alleged Funds Misappropriation and Influence-Building Scheme

24.6.2023
According to a lawsuit filed this week with the U.S. Bankruptcy Court for the District of Delaware, FTX lawyers are seeking to claw back $700 million from K5 Global Technology, its subsidiaries, and the firm’s founders. The attorneys allege that the defendants received funds without...

Bittrex US Allows Fiat and Crypto Withdrawals Amid Bankruptcy Proceedings

17.6.2023
Bittrex US, the now-defunct cryptocurrency exchange in the United States, has recently introduced a plan that permits American customers to withdraw crypto and fiat from the platform, provided they satisfy the required regulatory criteria. This withdrawal arrangement was approved on Tuesday by...

Bittrex withdrawals set to resume after bankruptcy court gives green light

15.6.2023
The court left the issue of the subordinacy of government claims open; Bittrex received multimillion-dollar credits from FinCEN and OFAC

Bankrupt Crypto Exchange Bittrex U.S. Set to Allow Withdrawals Starting Thursday

14.6.2023
The move follows a Tuesday ruling from a Delaware court

Metropolitan Museum of Art to return $550K in donations from FTX

5.6.2023
The agreement came on the back of “good faith, arm’s length negotiations” with FTX’s debtors, the museum said

US Government Presses for Independent Examiner in FTX Bankruptcy Case

31.5.2023
Following the U.S. bankruptcy court judge’s rejection of the U.S. Trustee’s plea to designate an impartial investigator for the FTX bankruptcy case, the government is now appealing this verdict. In essence, the U.S. Trustee’s appeal has been forwarded to the U.S. Third Circuit...

Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell Company

16.5.2023
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 decided to take matters into its own hands...