Tag: Debtors
Celsius valuation advisor approves value of debtors’ assets and liabilities
Joel E. Cohen, a mathematician and biologist representing Celsius Network’s valuation advisor Stout Risius Ross, LLC, confirmed the accuracy of the fa [...]
Brazilian lawmakers seek to add crypto to debtors’ protected assets list
As Brazilian lawmakers discuss the bill that would grant strong protection to a sizable portion of the savings assets of debtors, a separate initiativ [...]
FTX’s Debtors Revise Settlement Proposal After Objection From U.S. Trustee
Despite criticizing the U.S. Trustee as the "sole objector to the Motion" seeking to "inject itself into a routine settlement process that is already [...]
FTX debtors and UCC clash over asset control in restructuring
FTX debtors led by chief restructuring officer John J. Ray III have expressed disapproval of traders and market makers within the Official Committee o [...]
FTX debtors object Genesis’ ‘critical’ claim estimate of ‘$0.00’
Just a month after bankrupt cryptocurrency exchange FTX was seeking $4 billion from the also bankrupt crypto lender Genesis, it is now contesting a cl [...]
Ren Protocol transfers all assets to FTX debtors’ wallet in case of shutdown
Cross-chain bridge platform Ren Protocol has announced that FTX, Alameda and their affiliates that acquired the platform in 2022 have authorized and d [...]
Core Scientific debtors petition bankruptcy court to approve new president
The debtors behind bankrupt cryptocurrency mining firm Core Scientific filed a motion for the approval of hiring a permanent president.In an April 10 [...]
FTX debtors agree to $95M sale of stake in Mysten Labs
The debtors for defunct crypto exchange FTX have approved an agreement that would sell its preferred stock in Mysten Labs, the company behind the Sui [...]
FTX debtors file lawsuit against exchange’s Bahamian arm on ownership of property
The legal teams representing Alameda Research, FTX US, and FTX Trading have filed a complaint against the Bahamas-based FTX Digital Markets, claiming [...]
FTX debtors report $11.6B in claims, $4.8B in assets with many crypto holdings ‘undetermined’
The debtors in FTX’s bankruptcy case hreported the various company silos had more than $4 billion in scheduled assets as of November 2022, but said th [...]
Debtors saved over $100M using de-pegged stablecoins to repay loans
The depegging of USD Coin (USDC) and Dai (DAI) from the United States dollar prompted a frenzy of loan repayments over the weekend, allowing debtors t [...]
Celsius Debtors Release Sale Plan, Choose NovaWulf as Plan Sponsor
Debtors of bankrupt crypto lender Celsius Network have chosen the NovaWulf sale plan for reorganization as it "provides the best method to distribute [...]
FTX debtors can issue subpoenas to company ‘insiders’, says court
The judge overseeing crypto exchange FTX’s bankruptcy case has granted a motion allowing the firm’s debtors to request subpoenas for information and d [...]
FTX debtors seek subpoenas for inner circle of Sam Bankman-Fried
A motion filed in the United States Bankruptcy Court for the District of Delaware seeks to glean valuable information from the likes of Gabriel Bankma [...]
debtors face ‘assault by Twitter’ stemming from Sam Bankman-Fried
James Bromley, one of the lawyers representing debtors in FTX’s bankruptcy case, has criticized social media activity against his law firm promulgated [...]