Court Filing – DIGIT INFO

FTX’s Ryan Salame Seeks to Void Guilty Plea, Citing Government’s Alleged Breach of Plea Agreement

DIGIT — Fri, 23 Aug 2024 18:30:28 +0000

Ryan Salame, a former executive at the now-defunct cryptocurrency exchange FTX, has filed a motion to withdraw his guilty plea in federal court. Salame claims that prosecutors breached an agreement that led him to plead guilty by resuming an investigation into his domestic partner, Michelle Bond. Ryan Salame Challenges Guilty Plea, Claims Government Reneged on […]

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FTX and CFTC agree to $12.7B settlement, subject to court approval

DIGIT — Tue, 16 Jul 2024 23:00:31 +0000

The US commodities regulator didn’t seek a civil monetary penalty, meaning the entire $12.7 billion would be used to pay back FTX’s creditors.

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Genesis Sells Grayscale Shares, Buys $2.17 Billion in Bitcoin for Customer Reimbursement

DIGIT — Sat, 06 Apr 2024 19:35:13 +0000

Following Genesis Global Capital’s receipt of authorization to divest its Grayscale fund holdings, reports disclose that Genesis executed the sale last week. The proceeds were then used to procure 32,041 bitcoin, aimed at reimbursing its clientele. Genesis Liquidates Grayscale GBTC Holdings According to Bloomberg Law, court filings dated April 2 reveal that Genesis liquidated approximately […]

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Email Shows Digital Currency Group and Gemini Explored Merger Before Genesis Bankruptcy

DIGIT — Fri, 08 Mar 2024 17:45:35 +0000

In an email found within the motion by Digital Currency Group (DCG) and Barry Silbert to dismiss the lawsuit initiated by the New York Attorney General, discussions of a potential merger between Gemini and Genesis were revealed before Genesis ultimately opted to declare bankruptcy. “Combined Gemini and Genesis would be a juggernaut and would be […]

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Report: Genesis Global Cleared to Unload $1.3 Billion in GBTC Shares

DIGIT — Thu, 15 Feb 2024 00:15:32 +0000

Genesis Global Capital has received authorization to offload its stake in Grayscale’s Bitcoin Trust (GBTC), valued at approximately $1.3 billion. Genesis Global Permitted to Liquidate $1.3 Billion in Bitcoin Trust Shares According to Bloomberg, Genesis Global Holdco LLC secured Judge Sean Lane’s approval to liquidate its GBTC investments, currently estimated at $1.3 billion. The request […]

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BlockFi argues FTX, Three Arrows Capital isn’t entitled to repayments

DIGIT — Wed, 23 Aug 2023 01:38:53 +0000

BlockFi argues its creditors, not FTX’s, are the “ultimate victims” of FTX’s alleged fraud.

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Meet the judges that will preside over Coinbase and Binance’s SEC lawsuits

DIGIT — Thu, 08 Jun 2023 06:05:49 +0000

One judge has ruled on a key crypto case of late, while the other has ruled on high-profile political cases in the U.S. in recent times.

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BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees: Report

DIGIT — Sun, 14 May 2023 03:34:59 +0000

Crypto mining firm Riot Platforms seeks to terminate “certain hosting agreements” with Rhodium and requests exemption from any owed power credits to the counterparty.

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Lawsuit against FTX celebrity promoters gets backup from former exec

DIGIT — Fri, 12 May 2023 04:53:00 +0000

Daniel Friedberg, the former top compliance chief for FTX and FTX US, has provided a declaration that could support the lawsuit.

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Coinbase remains ‘100% committed’ to US market: Armstrong

DIGIT — Fri, 05 May 2023 05:26:44 +0000

The Coinbase CEO has a lot of faith in Congress in making a “clear rule book” for crypto firms to follow. But the SEC? Not so much.

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