August 19, 2024
The litigation administrator for the Celsius Network Chapter 11 plan and the liquidators of Three Arrows Capital have asked a Delaware bankruptcy court to reject FTX's Chapter 11 plan, unless it reserves funds for disputed claims, as part of a stream of objections filed against the onetime cryptocurrency exchange giant's reorganization proposal.
August 01, 2024
A byproduct of the collapse of large cryptocurrency businesses — their bankruptcy claim market — has developed as an unlikely source of security and a rare positive outcome in the fallout from the so-called crypto winter, partly reflected in BlockFi's sale of roughly $875 million in allowed claims against FTX.
July 23, 2024
Bankrupt cryptocurrency platform FTX Trading Ltd. asked a Delaware bankruptcy judge to let it pay $960,000 to crypto issuer Phala Ltd. to settle that company's $4 million claim against FTX and its affiliates.
July 22, 2024
The court-appointed watchdog for Miles Guo's bankruptcy has unpaused a civil racketeering conspiracy case against the Chinese billionaire after his criminal RICO case resulted in a conviction, ex-New York City mayor Rudy Giuliani's Chapter 11 case has still yet to be dissolved, and a new bankruptcy judge has ascended to the bench in New York.
July 16, 2024
A Berkeley, California, nonprofit asked a Delaware bankruptcy court to dismiss a suit from FTX Trading Ltd. seeking to claw back $5 million in donations, calling FTX's effort "fatally flawed."
July 15, 2024
FTX Trading Ltd. asked a Delaware bankruptcy judge to sign off on a settlement with the U.S. Commodity Futures Trading Commission, saying the agreement to allow the agency a $4 billion claim in its bankruptcy would end a fraud civil enforcement action and address the "most significant single creditor" in the crypto currency exchange's Chapter 11 case.
July 09, 2024
The foreign representatives of FTX Digital Markets Ltd. asked a Delaware bankruptcy judge to block the litigation administrator of Celsius Network LLC from suing the company in New York, saying the purpose of the Chapter 15 case is to avoid precisely this kind of assault.
June 25, 2024
Bankrupt cryptocurrency exchange FTX Trading Ltd. can seek creditor votes for its Chapter 11 plan after a Delaware bankruptcy judge said he would approve the debtor's disclosures after overruling several objections.
June 24, 2024
Bankrupt cryptocurrency exchange FTX trading Ltd. faces a slew of objections to the disclosure statement for its Chapter 11 reorganization plan as it heads into Delaware bankruptcy court Tuesday seeking approval for the plan disclosures and to petition creditor votes.
June 17, 2024
The U.S. Supreme Court ruled there would be no retroactive redress for a disparity between U.S. trustee fees in different jurisdictions, seafood restaurant chain Red Lobster struck a deal with creditors to hammer out a reorganization plan, and a Texas judge pulled the trigger on converting Alex Jones' Chapter 11 case to a Chapter 7.