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Nalezeno "Bankruptcy": 1399

Judge denies motions from Celsius users seeking to reclaim assets

25.1.2023
Two claimants called out former Celsius CEO Alex Mashinsky in motions, claiming he misled users, while all suggested that the platform's terms of use left assets in their control

Today in Crypto: Digital Surge Saved from Bankruptcy Following FTX Collapse, Circle Blames US SEC for Failed Merger, Celsius Mulling Issuance of a New Token

25.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Digital Surge Saved from Bankruptcy Following FTX Collapse, Circle Blames US SEC for Failed Merger...

Unredacted Financial Documents Show Blockfi’s $1.2 Billion Connection With FTX, Alameda Research

25.1.2023
Unredacted documents mistakenly sent to the bankruptcy court indicate that the now-defunct crypto lender Blockfi had more than $1.2 billion tied up with FTX and Alameda Research. The accidentally revealed documentation shows that Blockfi’s exposure to the bankrupt crypto firm FTX was more than what...

Breaking: BlockFi reportedly posts uncensored financials revealing $1.2 billion FTX exposure

25.1.2023
The documents previously censored financial information relating to FTX and Alameda Research, but uncensored copies were released by mistake

New 'Celsius token' may be used to repay creditors: report

24.1.2023
It was suggested that the token could be part of a reorganization that would turn it into a publicly traded, U.S. regulated company

Washington Townhome Tied to Disgraced FTX Co-Founder Listed for $3.28 Million Amid Controversy and Bankruptcy

24.1.2023
A Washington, D.C., townhome tied to FTX co-founder Sam Bankman-Fried has been listed on the market for roughly $3.28 million. The property was purchased by Bankman-Fried’s brother’s nonprofit, Guarding Against Pandemics, for the same price it is selling for today....

BlockFi to sell $160M in Bitcoin miner-backed loans: Report

24.1.2023
The deadline for bidders to submit offers for the Bitcoin-machine-backed loans is set for Jan. 24

Genesis eyes fast resolution to creditor disputes and bankruptcy exit in May

24.1.2023
A lawyer for Genesis is optimistic it can resolve creditor disputes before the week is out while the firm could exit bankruptcy proceedings in four months

Lawyers for Genesis and Its Creditors Are ‘Optimistic’ for a Quick Resolution to Bankruptcy Woes

23.1.2023
Lawyers for Genesis Global told a New York bankruptcy court on Monday that they’ve been working with their creditors’ representatives and the U.S. Trustee’s Office “around the clock” for the past two months in order to reach a “consensual resolution” with the embattled company’s creditors

BlockFi exec argues bankruptcy court should approve bonuses to retain talent

23.1.2023
According to Megan Crowell, losing certain employees could "severely [limit] the debtors’ options" amid bankruptcy proceedings

NYDFS advises crypto firms not to commingle user and corporate funds in the event of insolvency

23.1.2023
“A VCE's customer agreement should make clear the parties’ intentions to enter into a custodial relationship, rather than a debtor-creditor relationship," said the NYDFS

Bitcoin price surge: Breakthrough or bull trap? Pundits weigh in

23.1.2023
Bitcoin nearly broke its record for the longest streak of daily green price candles this month, but many believe its recent surge could be short-lived

Genesis bankruptcy case scheduled for first hearing

22.1.2023
The first hearing in Genesis Capital's bankruptcy case will be held on January 23, according to court filings

Examining the Holdings of 5 Centralized Crypto Exchanges: A Look at Binance, Okx, Crypto.com, Bitfinex, and Huobi

22.1.2023
After FTX collapsed, the incident prompted many major crypto exchanges to publish proof-of-reserves and lists of known addresses so users can verify the solvency of the trading platforms. While the veracity of these proof-of-reserve lists and asset dashboards is debatable, they do provide some...

Genesis files for bankruptcy, FTX explores a reboot, and Bitzlato news: Hodler’s Digest: Jan. 15-21

21.1.2023

Objections Raised Over Appointment of Sullivan & Cromwell as Debtors’ Counsel for FTX

21.1.2023
On Friday, bankruptcy judge John Dorsey approved the law firm Sullivan & Cromwell (S&C) to be appointed as the debtors’ counsel for FTX, despite an objection from Daniel Friedberg, a former FTX US compliance officer. During a Zoom presentation, Friedberg claimed there was a conflict...