FTX Seeks to Exclude Dubai Subsidiary From Ongoing Bankruptcy
FTX Trading Ltd. filed a movement on Tuesday to dismiss its Dubai-based subsidiary, FTX Exchange FZE, from ongoing chapter proceedings, citing the unit’s lack of...
FTC Slaps Crypto Lender Celsius With $4.7B Fine for Deceiving Consumers and Mismanaging Deposits
On Thursday, following the U.S. Securities and Exchange Commission (SEC) suing the bancrupt crypto lender Celsius, the Federal Trade Commission (FTC) divulged a settlement with...
Voyager Digital’s Bankruptcy Battle Racks Up Millions in Legal Expenses
A latest court docket submitting from the now-insolvent Voyager Digital Holdings and its creditor committee revealed that authorized bills amounting to $16.5 million have collected...
Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing
On March 2, 2023, the cryptocurrency alternate Coinbase introduced that, in mild of current developments, the corporate is “no longer accepting or initiating payments to...
FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings
FTX debtors have filed a movement with the court docket requesting to dismiss its Turkish subsidiaries from the Chapter 11 chapter proceedings. The defunct crypto...
Celsius CEO Alex Mashinsky Resigns Amid Tumultuous Bankruptcy Proceedings
On Tuesday, September 27, 2022, Celsius Network CEO Alex Mashinsky submitted a letter of resignation from the corporate. Mashinsky added that he nonetheless plans to...
Crypto Lender Vauld Suspends Withdrawals, Company Is Discussing ‘Restructuring Options’ With Advisors
On July 4, the crypto lending firm Vauld introduced it suspended withdrawals, buying and selling, and deposits after disclosing the agency is “going through challenges.”...