FTX advisors billed the bankrupt firm for a whopping $103M in Q1
After Sullivan & Cromwell, consulting firm Alvarez & Marsal billed the second largest amount for its finance and accounting work. Go to Source Powered by WPeMatico
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Coinbase faces suit over alleged privacy violations in biometrics collection
The proposed class action lawsuit alleges the exchange violated privacy laws in Illinois when it collected and stored users’ fingerprints and facial scans. Go to Source Powered by WPeMatico
Genesis settlement disrupted by new creditor demands, DCG says
Under the initial settlement plan, Genesis creditors were expected to receive 80% recovery of funds lost due to the bankruptcy. Go to Source Powered by WPeMatico
Judge approves taps on SBF’s parents’ phones to meet bail conditions
Surveillance software installed on Sam Bankman-Fried’s parents’ phones will track every minute of their activity across browsers, messaging and calls. Go to Source Powered by WPeMatico
Coinbase files court action to compel SEC’s response to rulemaking petition
Coinbase is looking to force the United States Securities and Exchange Commission to respond to its rulemaking petition seeking rules for the crypto industry, a request that’s been pending since July. Go to Source Powered by WPeMatico
Do Kwon lawyers reportedly dismiss SEC’s securities fraud allegation
Kwon’s lawyers claimed that the SEC failed to prove the alleged defrauding of US investors in connection with Terra’s $40 billion collapse of TerraUSD (UST) and Luna (LUNA). Go to Source Powered by WPeMatico
‘BitBoy Crypto’ intentionally misses court appearance to address alleged harassment
YouTuber and Crypto Twitter personality Ben Armstrong openly mocked a federal judge’s authority, tweeting pictures of himself on a beach during an ordered court appearance. Go to Source Powered by WPeMatico
Voyager’s $1B deal with Binance.US moves forward after deal with Feds
The bankrupt crypto lender struck a deal with the U.S. government and its $1 billion sale of cryptocurrencies to Binance.US has moved forward. Go to Source Powered by WPeMatico
Zipmex requests 2-month extension from Singapore court for restructuring plan
A ruling from Singapore’s High Court originally allowed Zipmex a moratorium until December 2022 to handle debt relief amid reported liquidity issues. Go to Source Powered by WPeMatico
Crypto lender Babel gets extended creditor protection in Singapore
Hong Kong-based Babel Finance will totally have more than a year to repay debts to its creditors after suspending withdrawals last June. Go to Source Powered by WPeMatico