Voyager to pay $1.1 million in legal fees incurred in April
Certain members holding high positions within the firm bill an hourly rate exceeding $2,000 for their professional services. Go to Source Powered by WPeMatico
Bankruptcy
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3AC liquidators look to recoup $1.3B from founders
The report came exactly one year since a court in the British Virgin Islands ordered Three Arrows Capital into liquidation. Go to Source Powered by WPeMatico
FTX seeks to claw $700M from Bankman Fried friends and affiliated funds
After a Hollywood dinner party, hundreds of millions of dollars of “avoidable” transfers were sent from Alameda to investment firm K5 Global, the suit alleges. Go to Source Powered by WPeMatico
Bitcoin miner Core Scientific files its Chapter 11 plan
The bankruptcy plan explained that on the effective date of the bankruptcy plan, holders of allowed DIP claims will receive full and final satisfaction of their claims. Go to Source Powered by WPeMatico
FTX bankruptcy will be ‘very expensive’ but there’s a reason: Auditor
The legal fees charged in the first months of FTX’s bankruptcy have been examined by an auditor, who has confirmed the case is “on track to be very expensive.” Go to Source Powered by WPeMatico
Fed, SEC investigate Goldman Sachs over Silicon Valley Bank’s securities portfolio: Report
Both regulatory bodies are inquiring into the activities of Goldman Sachs during its unsuccessful capital raise preceding the downfall of Silicon Valley Bank. Go to Source Powered by WPeMatico
Celsius seeks to convert alts to Bitcoin and Ether under reorganization plan
The crypto lender has proposed converting all its altcoin holdings into Bitcoin and Ethereum to quell growing regulatory concerns and maximize the value of its assets. Go to Source Powered by WPeMatico
FTX argues releasing ‘valuable’ customer list will harm its sale value
Releasing the nine million-strong list of customers would “impair” the ability to maximize value for FTX creditors, a banker for the exchange said. Go to Source Powered by WPeMatico
US DOJ opposes bankrupt Bittrex’s plan to repay customers ahead of credited fines
Bittrex owes $29 million on penalties for sanctions violations and may still face penalties in a case brought by the SEC. Go to Source Powered by WPeMatico
Gate.io threatens legal action against rumor-mongers
Insolvency rumors surfaced after a series of events involving Multichain. Gate.io has denied any liquidity issues. Go to Source Powered by WPeMatico
