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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. Go to Source Powered by WPeMatico
The documents previously censored financial information relating to FTX and Alameda Research, but uncensored copies were released by mistake. Go to Source Powered by WPeMatico
It was suggested that the token could be part of a reorganization that would turn it into a publicly traded, U.S. regulated company. Go to Source Powered by WPeMatico
The deadline for bidders to submit offers for the Bitcoin-machine-backed loans is set for Jan. 24. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
According to Megan Crowell, losing certain employees could “severely [limit] the debtors’ options” amid bankruptcy proceedings. Go to Source Powered by WPeMatico
“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. Go to Source Powered by WPeMatico
A special committee of independent directors recommended and decided to file for Chapter 11 bankruptcy protection. Go to Source Powered by WPeMatico
This week, FTX debtors issued a press release and a 20-page document noting that bankruptcy administrators had located $5.5 billion in liquid assets. The document details that investigators discovered fiat currencies, crypto assets, and securities as part of FTX’s and Alameda Research’s cache. However, the disclosure to unsecured creditors does not mention the extremely large … Read more
According to various reports, investors are reportedly interested in purchasing Coindesk, a cryptocurrency news publication. On Jan. 18, Wang Feng, founder of China-based news publication Marsbit, announced his intentions to purchase Coindesk along with other members of the crypto industry. This news follows a report from Semafor at the end of November 2022 stating that … Read more