Genesis lenders call DCG agreement ‘wholly insufficient’
The agreement in-principle reached by DCG and creditors also said that the Ad Hoc Group and Gemini did not support the deal. Go to Source
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BlockFi asks court for permission to convert trade-only assets into stablecoins
The bankrupt crypto lender’s request marks another step toward the return of users’ funds, a process that the company began in August. Go to Source
Sealing docs in Binance case could suggest a criminal probe, says former SEC official
According to John Reed Stark, the U.S. Justice Department may intend to indict or already indicted Binance, suggesting a motion in civil court was aimed at keeping this secret. Go to Source
DoJ wants to bar SBF’s expert witnesses from testifying in court
In a new motion submitted to New York courts, the U.S. Department of Justice wants to exclude all of Sam Bankman Fried’s expert witnesses from testifying on the case. Go to Source
DCG agrees deal with Genesis that would see recoveries of up to 90%
The estimated USD equivalent recoveries could account for 70% to 90% for Genesis creditors, should the amended plan be carried out. Go to Source
Sam Bankman-Fried’s lawyers appeal decision on bail, citing First Amendment issues
Lawyers questioned a judge’s decision to revoke bail on Aug. 11, claiming SBF speaking to a journalist about Caroline Ellison was “protected First Amendment activity”. Go to Source
Judge to hear Sam Bankman-Fried’s defense against 4M pages of newly released evidence
Judge Lewis Kaplan ordered the government to respond to Bankman-Fried’s counsel concerning appropriate access to discovery materials, as well as a request barring prosecutors from using new evidence. Go to Source
Sam Bankman-Fried’s lawyers push for temporary release, object to prosecutors’ proposed deal
The U.S. Justice Department has produced “millions of pages of documents” related to SBF’s criminal case, which his lawyers claimed was too much to access from jail before trial. Go to Source
Judge denies stakeholders request for representation in Celsius bankruptcy case
The judge also declined to declare CEL token “not a security,” despite related rulings in the SEC vs Ripple case. Go to Source
Vauld gets permission for board restructuring from the court
Singapore-based crypto exchange has been ongoing bankruptcy proceedings since August 2022. Go to Source
