by COINS NEWS - 9 months ago
Bittrex filed a motion to dismiss in the lawsuit with the SEC. The filing basically states that the SEC does not have the regulatory power to deal with crypto as securities unless it is explicitly granted to them by Congress. It basically rejec...
Bitcoin News / Bitcoin.com - 9 months ago
A recent court filing from the now-insolvent Voyager Digital Holdings and its creditor committee revealed that legal expenses amounting to $16.5 million have accumulated from July 22, 2022, through May 18, 2023. The records indicate that between Marc...
by COINS NEWS - 10 months ago
The Celsius Bankruptcy Team just tweeted that last week they accidently started converting their Alts to Bitcoin Cash instead of Bitcoin. https://preview.redd.it/6ylgxl5i2f9b1.png?width=768&format=png&auto=webp&s=b0cb298592141c53043...
Bitcoin News / Bitcoin.com - 10 months ago
On Monday, FTX released a second investigative report accusing co-founder Sam Bankman-Fried and senior executives of commingling customer deposits and corporate funds and misusing them. The report alleges that they spent $243 million on luxury reside...
by COINS NEWS - 10 months ago
This information comes from the court document filed today of the Joint Chapter 11 Plan of Reorganization of Celsius. An excerpt from the document gives a breakdown as follows: https://preview.redd.it/ax2pvddezj8b1.png?width=491&fo...
Cryptocoins News / Finance Magnates - 10 months ago
FTX's bankruptcy team tasked with recovering customer funds released a new report yesterday (Monday) showing the
collapsed cryptocurrency exchange has so far recovered $7 billion out of the
$8.7 billion owed to customers.According to the report,
th...
Bitcoin News / Bitcoinist - 10 months ago
Crypto exchange Gemini has initiated the process of withdrawals for victims in the Voyager bankruptcy case. This announcement is expected to offer some relief to interested parties who have been anticipating the reopening of withdrawals.
Voyager Digi...
Cryptocoins News / Blockchain - 10 months ago
An independent auditor has examined the legal fees incurred during the initial months of FTX's bankruptcy, revealing a staggering amount exceeding $200 million. The auditor justifies these significant fees, considering the monumental nature of the ta...
Cryptocoins News / The Cointelegraph - 10 months ago
The more than $200 million in legal fees charged in the first months of FTX’s bankruptcy have been examined by an auditor, who describes them as remarkable fees for remarkable service....
Bitcoin News / Bitcoin.com - 10 months ago
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 withd...
Cryptocoins News / The Cointelegraph - 10 months ago
The court left the issue of the subordinacy of government claims open; Bittrex received multimillion-dollar credits from FinCEN and OFAC. Cryptocurrency trading platfo...
Bitcoin News / Bitcoinist - 10 months ago
Recent legal disputes involving Prime Trust, a prominent custodian, and the temporary halt of TrueUSD (TUSD) minting have shed light on the challenges custodians face, as its subsidiary Banq declares bankruptcy.
Recall that Prime Trust faced a lawsui...
Bitcoin News / Bitcoin.com - 10 months ago
Shortly after the custodian Bitgo announced its acquisition of the company Prime Trust, its payments subsidiary, a firm called Banq, filed for Chapter 11 bankruptcy protection in the United States. According to court documents, the filing reveals tha...
Cryptocoins News / The Cointelegraph - 10 months ago
Prime Trust payment subsidiary Banq files for bankruptcy, citing “unauthorized’ asset transfers to Fortress NFT Group. The payments subsidiary of crypto custodian Prim...
Cryptocoins News / The Cointelegraph - 10 months ago
The court has granted FTX permission to remove the names of individual customers from all bankruptcy filings in an effort to protect them from potential scams and identity theft....
Cryptocoins News / EthereumWorldNews - 10 months ago
The judge overseeing Genesis Global’s bankruptcy case has extended its mediation period.& FTX’s request to join the court-appointed mediation talks has been denied by bankruptcy Judge Sean Lane.& Arguments on FTX’s $3.9 billion claim, which...
Bitcoin News / Bitcoin.com - 11 months ago
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...
Cryptocoins News / Finance Magnates - 11 months ago
Celsius
Network, the digital asset lender that filed for bankruptcy
protection in July
last year, has selected Fahrenheit’s bid to restart the business under a new
name, NewCo. Fahrenheit is a group of investors that includes Bitcoin
mining company,...
Cryptocoins News / The Cointelegraph - 11 months ago
Core Scientific said favorable market conditions have increased its liquidity position and its bankruptcy restructuring plan has been revised. A restructuring plan for...
Cryptocoins News / EthereumWorldNews - 11 months ago
Celsius Network’s bankruptcy auction is nearing its end with a possible conclusion within one week.& A consortium of investors that includes Coinbase has emerged as the top bidder for the bankrupt crypto lender’s assets.& The bids submitted...