claims – DIGIT INFO

Washington Investors Set to Reclaim Digital Currency in GS Partners Settlement

DIGIT — Fri, 11 Oct 2024 09:16:23 +0000

After over a year of negotiations, the Washington State Department of Financial Institutions (DFI) has joined a multi-state settlement agreement with GS Partners. Accused of violations under Washington’s Securities Act, the case centers on GS Partners’ Metacertificates and a multi-level marketing scheme. Investors can now submit claims through a newly established portal, opening in November […]

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FTX Token spikes 70% amid looming bankruptcy distributions

DIGIT — Mon, 30 Sep 2024 11:19:54 +0000

The native token of the bankrupt crypto exchange FTX has seen sharp bullish action amid looming bankruptcy distributions.

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Voyager app set to reopen for customer withdrawals as soon as June 20

DIGIT — Thu, 15 Jun 2023 06:45:10 +0000

Customers will soon be able to load up the Voyager app and see how much will be available for withdrawal.

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Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors

DIGIT — Thu, 30 Mar 2023 21:05:00 +0000

Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover the losses of the debtors. FTX Debtors and Unsecured […]

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Deadline Approaching: Mt Gox Trustee Sets Final Cut-off Date for Creditors to Claim Over $3 Billion in Recovered Bitcoin

DIGIT — Thu, 09 Mar 2023 11:15:06 +0000

The Tokyo bankruptcy court trustee for the defunct Japanese bitcoin exchange Mt Gox, Nobuaki Kobayashi, has published a letter stating that creditors have until March 10, 2023 (Japan Time) to register their repayment claims. Kobayashi explains that the team is dealing with “a large number of inquiries” and may not be able to respond to […]

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US Crypto Lawsuits Reach All-Time High With 42% Increase in 2022; SEC Cases Dominate Legal Battles

DIGIT — Mon, 13 Feb 2023 09:30:01 +0000

A new study on digital currency-related lawsuits since 2018 shows a 42% increase in crypto lawsuits in 2022. The highest number of claims in a single year was recorded last year, with 41 total claims in the United States. The research also shows that the majority of lawsuits came from the U.S. Securities and Exchange […]

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Three Arrows Capital Co-Founder Announces New Crypto Venture Open Exchange Amid Bankruptcy Controversy

DIGIT — Fri, 10 Feb 2023 17:30:18 +0000

Following the recent court filing from liquidators for Three Arrows Capital (3AC) claiming frustration with the 3AC co-founders for allegedly failing to respond to subpoenas sent via Twitter. Su Zhu, one of the co-founders, recently tweeted about his new crypto venture, Open Exchange. The exchange aims to provide users with the ability to trade or […]

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Investors seek to sell FTX, Celsius, BlockFi, Voyager claims

DIGIT — Fri, 30 Dec 2022 12:00:00 +0000

Hedge funds and debt investors have already purchased some of the claims.

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Ukraine’s Deputy Digital Minister Rejects ‘FTX-Democrats Narrative’

DIGIT — Wed, 16 Nov 2022 07:34:50 +0000

Claims that Ukraine has invested military aid into the bankrupt crypto exchange FTX have been rebutted by a representative of the Ukrainian government. Speculation circulated on social media suggested such funds have been returning to the U.S. via FTX donations for the Democratic Party. Kyiv Official Describes as Nonsense Allegation That Ukrainian Investment in FTX […]

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Fed Board, FDIC Order Voyager Digital to Retract Federal Deposit Insurance Claims

DIGIT — Fri, 29 Jul 2022 14:00:37 +0000

Following Voyager Digital’s application for bankruptcy protection during the first week of July, Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board today issued a joint letter to the company demanding a cease and desist against Voyager’s FDIC claims. The FDIC’s letter explains that Voyager’s FDIC claims are false and misleading, and the entity […]

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