BlockFi plans to file assets and liabilities for bankruptcy case on Jan. 11
The company claimed that no members of the BlockFi management team had withdrawn any crypto from the platform since October 2022. Go to Source Powered by WPeMatico
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Voyager tells court Binance acquisition plan is ‘sound business judgment,’ urgently needed
The bankrupt brokerage answered objections from a host of interested parties, claiming its information disclosures are adequate and so is its decision making. Go to Source Powered by WPeMatico
FTX Co-Founder’s Alleged Extravagance Comes to Light in Bankruptcy Court Documents
Following the court filing that shows FTX co-founder Sam Bankman-Fried (SBF) wants access to FTX’s $460 million in Robinhood shares, Delaware bankruptcy court documents show tens of millions were spent by the FTX team in 2022 on living accommodations, hotels, food, and flights. Moreover, SBF’s quantitative trading firm allegedly owes more than $55,000 to Jimmy … Read more
FTX asset sales challenged by U.S. Trustee: Report
A U.S. Trustee filed an objection to plans by FTX to sell its units in Europe and Japan, among other businesses. Go to Source Powered by WPeMatico
Sam Bankman-Fried’s charitable donations sought by FTX: Report
FTX’s new management is seeking to recover millions of dollars donated by Future Fund and SBF. Go to Source Powered by WPeMatico
FTX, Bahamian FTX DM reach agreement on info sharing, disposition of property, assets
The sides had been at odds over numerous issues and have agreed to keep working on the remaining open questions they face. Go to Source Powered by WPeMatico
Sam Bankman-Fried’s lawyers claim he needs Robinhood shares ‘to pay for his criminal defense’
The legal team confirmed the U.S. Departure of Justice was in the process of seizing the Robinhood shares, but said SBF was “compelled to reply” given other claims. Go to Source Powered by WPeMatico
Three Arrows Capital Founders Served Subpoenas via Twitter in Bankruptcy Process
The founders of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC) have been served subpoenas by the fund’s liquidators via Twitter. While serving subpoenas on Twitter is rare, it has happened on various occasions in the past, including when Wikileaks was served on Twitter in 2018. Founders of Defunct Crypto Hedge Fund Contacted Electronically … Read more
Three Arrows Capital founders subpoenaed on Twitter
3AC founders Zhu Su and Kyle Davies have been ordered to provide all documents in their possession or control, regardless of whether the information is held by them directly, or is in control of a third-party. Go to Source Powered by WPeMatico
US Bankruptcy Court Rules Celsius Deposits Belong to the Firm
A New York bankruptcy court has ruled the deposits on high-interest-earning accounts belong to Celsius, the embattled former cryptocurrency lending firm, that filed for Chapter 11 bankruptcy protections in July. The decision establishes a precedent that might affect the status of other, similar cases involving crypto companies like Blockfi and FTX. Celsius Obtains Ownership of … Read more