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Nalezeno "Bankruptcy": 1399

Three Arrows Founders' Bankruptcy Exchange to Offer Claims as Portfolio Margin

9.3.2023
Zhu Su and Kyle Davies, the founders of bankrupt hedge fund Three Arrows Capital, have completed a $25 million raise for a bankruptcy claims exchange dubbed The Open Exchange

Former Jane Street, PIMCO traders raise $15M for ZK proof-of-solvency protocol

9.3.2023
The team said it has already lined up clients, including CoinList, Bitso and TrueUSD

Alameda Research to sell interest in Sequoia Capital for $45M to Abu Dhabi

9.3.2023
The investment branch of FTX, Alameda Research, reached an agreement to sell its interest in Sequoia Capital for $45 million in cash to the Abu Dhabi sovereign wealth fund

FTX Proposes $4M Bonus Program as It Seeks to Retain Staff

9.3.2023
The bankrupt crypto exchange wants to offer supplements up to 94% of salary to avoid sought-after coders quitting

Bankrupt Crypto Lender Celsius Network Pursues New Buyer Despite Existing Offer – What's Going On?

9.3.2023
The bankrupt cryptocurrency lender, Celsius Network, is reportedly pursuing more bids and exploring new buyers despite having an offer on the table. During a bankruptcy court hearing in Manhattan, Celsius attorney Chris Koenig said the company remains open to better offers, per a report by...

Deadline Approaching: Mt Gox Trustee Sets Final Cut-off Date for Creditors to Claim Over $3 Billion in Recovered Bitcoin

9.3.2023
The Tokyo bankruptcy court trustee for the defunct Japanese bitcoin exchange Mt Gox, Nobuaki Kobayashi, has published a letter stating that creditors have until March 10, 2023 (Japan Time) to register their repayment claims. Kobayashi explains that the team is dealing with “a large number...

Embattled Crypto Lender Celsius Allocates $25M for Withdrawals, Burns $500M in WBTC

8.3.2023
Celsius Network established a crypto wallet with $25 million of crypto assets for the lender’s custody account holders to withdraw, Arkham Intelligence said in a report. Eligible customers have withdrawn some $17.7 million of crypto assets, the firm’s chief executive said in a Wednesday court...

Crypto Lender Celsius Should Continue Exclusive Right to Pursue Novawulf Deal, Judge Says

8.3.2023
Enough progress has been made to suggest the plan to set up a new recovery corporation should be the only one on the table, Martin Glenn said

Three Arrows-Backed Crypto Liquidity Protocol Rook Surges 23%

8.3.2023
Liquidity protocol Rook has experienced a surge in activity with its token rising by 23% on speculation that Three Arrows Capital founders Zhu Su and Kyle Davies have completed a fundraise for the bankruptcy-claims exchange

US Bankruptcy Judge Approves Binance.US $1.3B Deal for Voyager Digital, but Hurdles Remain – Here's the Latest

8.3.2023
Voyager Digital, the bankrupt crypto lender, has been given the green light to sell its assets to Binance.US and transfer its customers to the exchange. At a hearing in New York, US Bankruptcy Judge Michael Wiles approved Voyager's restructuring plan, thus allowing it to sell its assets...

Lawyers picnic: FTX counsel and advisors rake in $34M in January

8.3.2023
Millions have been invoiced from a host of law firms, investment bankers, consultants and financial advisers in FTX’s bankruptcy case

SEC snubbed as Voyager wins court approval for sale to Binance US

8.3.2023
The ruling allows the crypto lender a path out of its bankruptcy, but it still has to undertake some due diligence with Binance US before the sale is final

Binance.US Can Move Ahead With Plan to Acquire Voyager Digital's Assets, Judge Rules

7.3.2023
Binance should be allowed to buy assets of bankrupt crypto lender Voyager Digital in a deal worth over $1 billion, Michael Wiles, a bankruptcy judge in the Southern District of New York, ruled today

CoinFLEX restructuring approved in Seychelles as rebranding reportedly continues

7.3.2023
The Seychelles courts have approved a plan that would give 65% of the company to creditors and 15% to employees as CoinFLEX is said to transition into the Open Exchange

A Closer Look at FTX’s Most Recent Bankruptcy Documents

7.3.2023

FTX Bankruptcy: Counsel and Advisers Rack Up $38M in January Bills – Here's the Latest

7.3.2023
The ongoing FTX bankruptcy saga has resulted in a staggering cost of legal fees, as revealed by recent court filings. In January alone, the total bill for legal work and expenses reached $38 million.... Read More: FTX Bankruptcy: Counsel and Advisers Rack Up $38M in January Bills – Here's the Latest

Alameda Research Sues Grayscale Investments Seeking to Unlock Billions in Value for Shareholders

7.3.2023
FTX Debtors and affiliate Alameda Research Ltd. have filed a lawsuit against Grayscale Investments, seeking injunctive relief to unlock $9 billion in value for shareholders of the Grayscale Bitcoin and Ethereum Trusts. The debtors allege that “Grayscale has extracted over $1.3 billion...