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Nalezeno "Bankruptcy": 1399

Celsius Failed to Record Some 7,000 Intercompany Transfers Worth Billions Leading Up to Bankruptcy

17.2.2023
A lack of record-keeping could make it impossible to "fully reconstruct" the bankrupt crypto lender's intercompany claim, court filings show

Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas

17.2.2023
PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiary. The report indicates that the entity’s accounting records have been limited, and...

BlockFi Looks to Dismiss Bankruptcy Case for SBF’s Robinhood Shell Company

17.2.2023
Emergent Fidelity case is "futile,” says the bankrupt crypto lender which is seeking access to its 55 million Robinhood shares

Compute North’s Reorganization Plan Approved by Bankruptcy Judge

16.2.2023
The hosting firm, one of North America’s largest, settled $250 million in secured debt and settled with about 11 companies

Celsius bankruptcy judge authorizes the sale of $7.4M worth of Bitmain coupons

16.2.2023
The judge’s ruling does not require Celsius debtors to sell the Bitmain coupons, but they would need the consent of the committee of unsecured creditors

Mt. Gox’s 2 Largest Creditors Pick Payout Option That Won’t Force Bitcoin Selloff: Sources

16.2.2023
The two largest creditors of failed crypto exchange Mt. Gox have picked a repayment option that could allay fears bankruptcy repayments will tank the price of bitcoin, sources say

FTX’s Bahamas Unit Commingled Client, Corporate Funds, Liquidators Say

16.2.2023
FTX Digital Markets Ltd. had bank accounts with a balance of $219 million, a report by PriceWaterhouseCoopers said

Crypto Lender Celsius to Be Acquired by Novawulf, Exiting Chapter 11

16.2.2023
Crypto lender Celsius’ committee of unsecured creditors has chosen the digital asset investment firm Novawulf Digital Management to sponsor the company’s reorganization plan, according to a statement published on Wednesday. The proposed agreement would enable Celsius to exit...

Judge Clears Celsius' Plan to Sell Bitmain Mining Coupons Worth Over $7M

16.2.2023
The crypto lender must sell the vouchers before they expire, to raise funds for the bankruptcy estate

Celsius chooses NovaWulf's bid to exit from bankruptcy

16.2.2023
A proposal by Celsius sees most creditors receive a one-time payment of crypto while those with a larger claim would receive equity in a new company

FTX Bankruptcy Judge Denies US Trustee’s Request for Independent Examiner

16.2.2023
The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postponed the ruling last week, citing concerns that the examiner could cost creditors tens...

FTX Transferred $7.7B from Bahamian Estate to US Units Ahead of Bankruptcy Filing, Court Told

15.2.2023
Representatives for FTX said whether assets belong in the Bahamian estate or in the U.S. estate remain open issues

Celsius Pursues Legal Action: Mashinsky and Other Former Executives Targeted for Repayment in Bankruptcy Fallout

15.2.2023
The bankrupt crypto lender Celsius is taking legal action against its former CEO Alex Mashinsky and a number of others to seek the return of “millions of dollars.” According to court documents published this week, Mashinsky, Celsius co-founder S. Daniel Leon and several others engaged...

Celsius's CEL Token May See 20 Cent Value in Recovery Process, Attorney Says

15.2.2023
An attorney for bankrupt crypto lender Celsius said the company might value its CEL token at 20 cents, down significantly from its current market value of 54 cents

FTX bankruptcy judge denies US Trustee’s motion to appoint independent examiner

15.2.2023
The U.S. Trustee made arguments including that an examiner was necessary to scrutinize the use of software to conceal FTX's alleged misuse of customer funds

Judge Denies Appointment of Independent Examiner in FTX Bankruptcy

15.2.2023
Delaware bankruptcy court judge sided with the bankrupt crypto exchange and said there is no need to appoint an examiner to conduct "yet another costly investigation that would slow the progress" of the case

Former FTX Executive Accused of Fueling a Charity Through Discounted FTT Purchase

15.2.2023
A former executive of FTX allegedly earned profits for a charity by purchasing discounted FTX tokens, FTT, before they became available to the public at $0.05 per unit, according to a report citing anonymous sources. Ruairi Donnelly, the former chief of staff at FTX, has been accused of donating...