January 01, 2024
The coming year will see the U.S. Securities and Exchange Commission battle with crypto exchanges over how securities laws apply to digital assets, while federal prosecutors will be focused on holding crypto firms and executives responsible for vast compliance failures that happened under their watch.
December 22, 2023
Three debtors of bankrupt cryptocurrency exchange FTX announced Friday that they've reached a settlement with convicted former chief executive Sam Bankman-Fried and two of his former associates, resolving some claims over the 2022 acquisition of stock trading platform Embed.
December 20, 2023
With the curtain closing on 2023, bankruptcy experts say the past year has featured cases and legal issues of great importance to the practice area that will have implications for years to come.
December 19, 2023
Bankrupt cryptocurrency exchange FTX Trading Ltd. revealed Tuesday it settled a dispute with liquidators overseeing the insolvency of the company's Bahamas unit, in an agreement calling for customers to be paid in cash based on the value of certain digital assets they held at the time of the business's petition for Chapter 11 protection.
December 18, 2023
Bankrupt cryptocurrency exchange FTX Trading Ltd. has filed a new Chapter 11 plan in Delaware bankruptcy court, promising that customers of its American and foreign web platforms will receive distributions in cash, not in cryptocurrency.
December 15, 2023
A process intended to resolve a $24 billion dispute in FTX Trading Ltd.'s bankruptcy case threatens to render moot the fallen crypto company's plan to repay millions of customers who lost money after the exchange collapsed in late 2022, experts told Law360.
December 12, 2023
FTX recently told a Delaware bankruptcy judge the company stands by its estimate that its losses mean the cryptocurrency exchange doesn't owe anything to the Internal Revenue Service, which billed the bankrupt business for $24 billion in unpaid taxes.
December 06, 2023
The U.S. government shot back Wednesday at FTX's request that a Delaware bankruptcy judge estimate its tax liability at zero, saying the bankrupt cryptocurrency exchange is asking the court to accept tax returns based on admittedly fraudulent records at "face value."
December 06, 2023
Cryptocurrency platform FTX told a Delaware bankruptcy judge late Tuesday that it will be filing a Chapter 11 plan of reorganization before the end of the year and intends to do so with broad support from parties in interest.
November 30, 2023
Bankrupt cryptocurrency exchange FTX asked a Delaware bankruptcy judge to set its tax bill at zero dollars, arguing that the Internal Revenue Service's estimated $24 billion in claims threaten to halt any progress in getting a Chapter 11 plan approved.