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Celsius Gets Green Light from Bankruptcy Judge for Bidding Plans

Celsius Gets Green Light from Bankruptcy Judge for Bidding Plans

Celsius Network has received an ok sign from a federal bankruptcy judge for bidding procedure plans. The next step will include setting up a schedule in motion which could see the platform's assets sold by the end of the year.

Thai Regulator Files Charges Against Zipmex Executives

Thai Regulator Files Charges Against Zipmex Executives

The Thailand offshoot of the beleaguered digital assets platform Zipmex might have landed itself in more trouble and this time, it is with the Thai Securities and Exchange Commission (SEC).

FTX investors file class-action suit against Sequoia

FTX investors file class-action suit against Sequoia

FTX investor class-action lawsuit venture capital companies have a "tricky case," according to a crypto lawyer.

Prime Trust Files for Chapter 11 Bankruptcy

Prime Trust Files for Chapter 11 Bankruptcy

Prime Trust, LLC filed for Chapter 11 bankruptcy on August 14, 2023, following financial difficulties, a cease and desist order, and a terminated acquisition deal with BitGo.

OKX Sends $60M to Alameda Research

OKX Sends $60M to Alameda Research

Crypto exchange OKX sent $60M worth of digital assets to Alameda Research as part of a recovery effort to pay back customers of its sister company FTX. Alameda Research currently holds over $284M worth of assets, including USDT and ETH.

Voyager Digital Asks Court to Allow Withdrawals Request

Voyager Digital Asks Court to Allow Withdrawals Request

Embattled crypto brokerage firm Voyager Digital recently sought permission to process user withdrawals request from the Federal Bankruptcy Court.

Court Approves Voyager Digital's Acquisition by Binance.US

Court Approves Voyager Digital's Acquisition by Binance.US

The US District Court rejected the government's appeal to halt Binance.US's acquisition of bankrupt brokerage company Voyager Digital. The court confirmed its prior approval of Voyager Digital's Chapter 11 bankruptcy plan, which involves selling assets to Binance.US to repay customers. The court also allowed Binance.US to issue repayment tokens to impacted Voyager customers, despite objections by the US Securities and Exchange Commission.

Celsius Network's Disclosure Statement Gets Court Approval

Celsius Network's Disclosure Statement Gets Court Approval

Celsius Network's Disclosure Statement approved by NY Bankruptcy Court. Fahrenheit, LLC selected as winning bidder in May 2023 auction. Voting on Chapter 11 Plan set for Sep 22, 2023.

Celsius Unloads Over $125M in Ethereum, Stirs Crypto Market Speculation

Celsius Unloads Over $125M in Ethereum, Stirs Crypto Market Speculation

Celsius Network's transfer of over $125M in Ethereum to exchanges amid bankruptcy stirs speculation in the crypto market.

FTX's Restructuring Plan: Aiming for Full Customer Repayment Without Relaunching Exchange

FTX's Restructuring Plan: Aiming for Full Customer Repayment Without Relaunching Exchange

FTX aims to fully reimburse its customers and creditors as part of its restructuring plan. This approach, focusing on repayment without relaunching the exchange, is based on valuations of assets as of November 2022, drawing mixed reactions from the crypto community.

FTX CEO Describes 'Pure Hell' Leading Up to Exchange's bankruptcy case

FTX CEO Describes 'Pure Hell' Leading Up to Exchange's bankruptcy case

CEO John Ray testified for FTX bankruptcy judge John Dorsey on a request to appoint an independent examiner.

SEC Charges FTX Auditor Prager Metis Over Independence Violations

SEC Charges FTX Auditor Prager Metis Over Independence Violations

The SEC has charged Prager Metis with violations of auditor independence laws, drawing attention due to its previous engagement with cryptocurrency exchange FTX, which filed for bankruptcy in 2022. The legal action emphasizes the crucial role of auditor independence in ensuring financial transparency and investor protection.

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