Alex Mashinsky is asking a federal court to throw out the 144-month prison sentence handed to him following the collapse of crypto lending platform Celsius Network, filing a motion to vacate that challenges the integrity of the sentencing process rather…
In a significant development, Roni Cohen-Pavon-former exceutive of now defunct crypto lending platform Celsius-is set to appear in the US District Court for the Southern District of New York on Thursday, days after agreeing to hand over $1.07 million linked…
Authorities in Turkey are attempting to recoup "suspicious assets" connected to the defunct FTX cryptocurrency exchange.
Key Takeaways A legal dispute over FTX’s downfall has drawn Fenwick & West into the spotlight again, with the Silicon Valley law firm rejecting claims that it facilitated the exchange’s fraud. In a filing submitted on Monday, Fenwick described the…
Key Takeaways Leading bankruptcy service provider Kroll has come under scrutiny after a class-action lawsuit alleged that the firm failed to protect sensitive information, leaving users exposed to phishing scams. The lawsuit comes after several users reported a major data…
Key Takeaways Bankrupt crypto exchange, Celsius Network has announced a second distribution of $127 million to eligible creditors. As per a recent court filing, the payout will cover creditors across various classes, including retail depositors, users of the “Earn” program,…
Key Takeaways South Korean crypto deposit platform Delio has been declared bankrupt by the Seoul Rehabilitation Court on November 22, marking the collapse of a company once seen as a leader in the nation’s virtual asset sector. The platform, burdened…
Key Takeaways The liquidators of Three Arrows Capital (3AC), the now-defunct hedge fund, have raised their bankruptcy claim against the crypto exchange FTX from $120 million to $1.5 billion. The updated claim accuses FTX of prematurely liquidating 3AC’s assets just…
Key Takeaways Bankrupt Bitcoin Miner Rhodium Enterprises has now received court approval to take a loan in either United States dollars or in Bitcoin. The company was authorized to choose between receiving $30 million or 500 Bitcoin from blockchain digital…
Rhodium Enterprises disclosed up to $100M in liabilities when it filed for voluntary bankruptcy under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas.
Can’t find what you’re looking for? Type below and hit enter!
