Galaxy Digital Eyes Assets From Crypto Fire Sales

Mike Novogratz wants to acquire lucrative FTX real estate after being granted a court mandate to manage the exchange's distressed crypto assets. The post Galaxy Digital Eyes Assets From Crypto Fire Sales appeared first on BeInCrypto.

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SEC says court, not jury, should determine security status of Terra’s crypto assets

The U. S. SEC has submitted a letter to Judge Jed Rakoff in the ongoing case against Terraform Labs, presenting the argument that the crypto assets should be classified as securities under legal definitions.

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Court Gives Go-Ahead for FTX $744M Trust Asset Sale

Uncover information about FTX, the cryptocurrency exchange, and its approval to proceed with the sale of Grayscale and Bitwise trust assets totaling $744 million. The post Court Gives Go-Ahead for FTX $744M Trust Asset Sale appeared first on BeInCrypto.

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FTX approved to liquidate $744M in Grayscale assets to pay creditors

In a significant move towards paying billions owed to creditors, FTX has gained bankruptcy court approval to begin liquidating its $744 million worth of stakes in digital trusts managed by Grayscale Investments.

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FTX Gets Court Approval to Sell $873M Worth of Grayscale, Bitwise Trust Assets

FTX held shares of five Grayscale Trusts totaling $691 million and one Bitwise trust, amounting to $53 million as of Oct. 25, according to an earlier court filing.

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CoinFLEX creditors dissatisfied with restructuring to OPNX: Report

CoinFLEX creditors claim former CEO Mark Lamb and the OPNX exchange “misappropriated” their assets in a court filing.

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Bybit Fintech sued for $1 billion by the FTX bankruptcy team

The FTX Bankruptcy is seeking to recover assets worth about $1 billion. The lawsuit will be heard by a Delaware Court. The funds in question were allegedly withdrawn from FTX. FTX’s bankruptcy advisers have recently initiated legal action against Bybit Fintech and its affiliated companies, including Bybit’s investment arm, Mirana Corp.

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FTX sues Bybit to recover $953m in assets

Lodged in a Delaware court on Nov. 10, the lawsuit mentions Bybit Fintech and its investment division, Mirana, as well as a related crypto trading firm called Time Research.

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Hodlnaut files wind up order in preparation for liquidation

Singapore-based Hodlnaut filed a wind-up order with the court on Nov. 10 as it prepares for a full liquidation of its remaining assets, according to court documents. The winding-up process will be carried out under the provisions of the Insolvency, Restructuring, and Dissolution Act of 2018 and is expected to begin in the coming weeks.

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FTX Seeks Court Approval To Sell Grayscale And Bitwise Trust Assets Valued At $744 Million

To recover assets and funds, bankrupt cryptocurrency exchange FTX, under the guidance of appointed CEO John Ray III, has filed a new request with the US bankruptcy court of Delaware.  The filing seeks approval for the sale of trust assets held by digital asset manager Grayscale and crypto index fund manager Bitwise, estimated to be […]

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FTX to Sell Off $744 Million in Grayscale and Bitwise Assets

Crypto exchange FTX has been approved by a US Bankruptcy Court to sell $744 million worth of Grayscale and Bitwise Trust assets to mitigate potential market risks. The post FTX to Sell Off $744 Million in Grayscale and Bitwise Assets appeared first on BeInCrypto.

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FTX is ready to sell Grayscale and Bitwise trust assets

Bankrupt crypto exchange FTX filed in Delaware bankruptcy court to sell certain trust assets worth about $744 million owned by Grayscale and Bitwise. According to a joint statement from FTX and its debtors, this initiative will help prepare for payments…

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Bankrupt FTX wants to liquidate $744 million in assets from Grayscale and Bitwise

Bankrupt cryptocurrency exchange FTX has expressed readiness to sell $744 million worth of its Trust assets held at Grayscale and Bitwise, according to a Nov. 3 court filing. The Trust assets consist of various exchange-traded products managed by Grayscale, including its Bitcoin and Ethereum Trusts and Bitwise’s 10 Crypto index fund.

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FTX Wants to Sell $744M Worth of Grayscale, Bitwise Assets

Bankrupt crypto exchange FTX and its debtors have asked the U.S. Bankruptcy Court in Delaware to approve the sale of trust assets, funds of Grayscale and Bitwise amounting to an estimated $744m, through an investment adviser.

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Coinbase accuses SEC of attempting ‘radical expansion’ of its authority

Coinbase accused the U.S. Securities and Exchange Commission (SEC) of overstepping the boundaries of its powers in an Oct. 24 court filing. The exchange argued that the SEC’s classification of crypto assets listed on its platform as securities falls outside its jurisdiction, further alleging that the regulatory body seeks to redefine the criteria for what […] The post Coinbase accuses SEC of attempting ‘radical expansion’ of its authority appeared first on CryptoSlate.

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Former ConsenSys AG Employees Take Equity Court Case Against Founder Joseph Lubin to U.S.

The 27 allege Lubin robbed them of equity in the Swiss company by transferring core assets to a U.S. entity.

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SBF Trial: Grounded private jets worth combined $70M may be forfeit in Bankman-Fried trial

Federal prosecutors filed a forfeiture bill of particulars on Oct. 5 specifying assets subject to forfeiture in the criminal case against cryptocurrency executive Samuel Bankman-Fried. The filing in New York federal court listed two private jets prosecutors say are subject to forfeiture — a Bombardier Global 5000 and an Embraer Legacy.

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Celsius Commits To Massive Crypto Repayment: $2 Billion To Creditors By 2023’s End

Celsius Network, a bankrupt digital asset lender, has revealed plans to begin repaying creditors using billions of dollars in crypto assets before the year’s end.   The company presented a restructuring plan, outlined in a recent filing to a US bankruptcy court, which aims to generate funds for a new corporate spinoff known as “NewCo” and facilitate customer repayments.

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As trial begins, Sam Bankman-Fried’s lawyers push to exclude testimony from FTX users

Sam Bankman-Fried’s legal team has requested the court block certain witnesses offering testimony on how they thought FTX would protect their assets.

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Grayscale Applies For New Ether Futures ETF After Big Court Win

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SEC embroiled in court cases; Hester Peirce says crypto firms shouldn’t give up on US

The commissioner said she had seen awareness and knowledge of digital assets grow in her five years at the SEC, but largely, there was “more of the same” on enforcement actions.

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Solana price unbound by FTX-induced sell pressure

After the Delaware Bankruptcy Court authorized the sale of FTX’s digital assets, which include 55. 75 million Solana (SOL) valued at $1. 062 million, the price of SOL came under intense selling pressure.

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Solana (SOL) Finds Support and Retraces Upwards – Bulls and Bears Battle at This Key Price Point

The Delaware Bankruptcy Court has granted FTX, the cryptocurrency exchange, permission to liquidate a staggering $3. 4 billion in crypto assets. This is not just another headline; it’s a seismic event that has the potential to ripple through the crypto ecosystem.

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FTX Crypto Purge: Court Gives Green Light To $3.4 Billion Liquidation Blitz

In a significant development for the cryptocurrency market, the bankrupt exchange FTX has received court approval to liquidate its crypto assets worth over $3. 4 billion. The decision, delivered by Judge John Dorsey, overruled objections and permitted FTX to proceed with selling, staking, and hedging its holdings.

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Court Approves FTX Liquidation Plan – Here’s the Full List of Cryptos to Be Sold

A court has approved the 3.6 billion liquidation plan for FTX's crypto assets. The post Court Approves FTX Liquidation Plan – Here’s the Full List of Cryptos to Be Sold appeared first on BeInCrypto.

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FTX To Sell $3.4 Billion in Solana, Bitcoin, & Other Tokens

Court ruling allows FTX creditors to sell the bankrupt exchange's crypto assets worth billions, including Bitcoin and Solana.

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Bankruptcy court grants FTX permission to liquidate certain crypto assets

A U. S. bankruptcy court judge has granted FTX permission to sell its cryptocurrency assets, according to a filing dated Sept. 13. That order says that FTX is authorized, but not directed to, carry out certain crypto transactions and sales.

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Court approves sale of FTX digital assets

Assets will be sold off weekly, with special handling for BTC, ETH and "insider-affiliated tokens."

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Breaking: FTX Allowed to Sell $3.4 Billion Worth of SOL, XRP, ETH, BTC and Other Coins

The U.S. Bankruptcy Court for the District of Delaware has given FTX, the bankrupt cryptocurrency exchange, the green light to liquidate approximately $3.4 billion in digital assets

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FTX unveils $100m weekly crypto liquidation strategy

FTX has presented the bankruptcy court with a revised plan for the sale and transfer of its significant digital assets amid its Chapter 11 proceedings.

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FTX’s bankruptcy estate manages $7b in assets, further explores relaunch plans

FTX's bankruptcy estate manages a $7 billion portfolio that includes Solana, Bitcoin, and the Bahamas real estate, as court filings reveal a potential platform relaunch amidst staggering customer claims.

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FTX Unveils $3.4B Crypto Holdings: $1.16B Solana, $560M Bitcoin – Is Trouble On The Horizon?

In a recent Monday court filing, it was disclosed that the estate of bankrupt crypto exchange FTX has amassed approximately $7 billion in assets (3. 4B in crypto), including $1. 16 billion worth of Solana (SOL) tokens and $560 million in Bitcoin (BTC).

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FTX court filing reveals $7B in assets as firm aims to complete bankruptcy process by second quarter 2024

FTX is eyeing the completion of its bankruptcy process for the second quarter of next year, according to its Sept. 11 court filings. As per the filing, the firm is currently involved with ongoing negotiations and mediation with stakeholders over the coming months to resolve open plan issues involving its bankruptcy plans.

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FTX’s Bankruptcy Reveals $7 Billion in Assets Including Properties in Bahamas Worth $200 Million

FTX, once a titan in the cryptocurrency exchange landscape, declared bankruptcy in November 2022. Court documents reveal that the company has assets totaling $7 billion, including 38 prime properties in the Bahamas valued at $200 million.

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Alex Mashinksy’s assets were frozen by court order in August

A federal court in New York issued a Post-Indictment Restraining Order against Alexander Mashinsky, former CEO of the bankrupt cryptocurrency lender Celsius Network, on August 16, 2023, freezing his assets and prohibiting any transactions.

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Ex-Celsius CEO Mashinsky's Assets Ordered Frozen by Court as DOJ Case Continues

Corporate bank accounts and a Texas property are now untouchable after the executive’s July arrest

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China’s Cryptocurrency Verdict: Legal Property Or Trouble Ahead?

Cryptocurrency has long been a contentious subject in China, with the government imposing strict regulations and outright bans on various aspects of the industry. However, a recent report from China’s People’s Court challenges this historical stance, offering newfound recognition to virtual assets as legal property.

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Chinese Court Affirms Legality of Virtual Assets, Grants Legal Protection: Report

Сообщение Chinese Court Affirms Legality of Virtual Assets, Grants Legal Protection: Report появились сначала на Coinstelegram.

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China’s Court Says Crypto, Digital Assets are Legally Protected

A recent report from China identifies digital assets, including crypto, as legal properties within the country's legal framework.

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China court declares virtual assets legal properties protected by law: Report

Despite a blanket ban on cryptocurrencies imposed by Beijing in 2021, many Chinese courts over the years have established that virtual asset holders have property rights.

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BlockFi Seeks Permission To Convert Trade Only Assets To Stablecoins In Latest Court Petition

Bankrupt digital asset lender BlockFi has filed a court petition requesting permission to convert the Trade Only assets of its users to stablecoins, thus allowing the withdrawal of these tokens. This development marks the company’s latest effort to repay its creditors.

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Bankrupt lender, BlockFi, files to convert ‘trade-only’ tokens into stablecoins

BlockFi, the now-defunct crypto lending company, has filed a court application to move "trade-only" assets from users' accounts to stablecoins

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BlockFi files to be allowed to convert users’ trade-only assets into stablecoins

BlockFi is requesting to convert the assets to Gemini Dollar (GUSD) or another stablecoin The motion has been backed by the court-recognized BlockFi creditors’ committee. BlockFi started the process of returning users’ funds on August 16 after the court allowed the corporation to open withdrawals.

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BlockFi asks court for permission to convert trade-only assets into stablecoins

The bankrupt crypto lender’s request marks another step toward the return of users’ funds, which the company began in August.

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Bankrupt BlockFi proposes client asset conversion into stablecoins for trade-only wallets

Cryptocurrency lender BlockFi has filed a proposed court order seeking approval to convert certain client assets into withdrawable funds as part of its ongoing bankruptcy proceedings. The company applied to bankruptcy court on Aug.

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FTX to sell, stake and hedge its crypto assets: taps Galaxy as an advisor

According to court documents filed late on Wednesday night, bankrupt cryptocurrency exchange FTX is looking to hire Mike Novogratz’s Galaxy as an advisor to help it sell, stake, and hedge its massive crypto holdings.

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Celsius set to vote on asset sale plan after court approves disclosures

Celsius Network is set to vote on its plan to offload assets to the Fahrenheit consortium after securing court approval for its disclosure statement and voting plan on Aug. 17. The court approval highlights the climax of Celsius’ year-long journey from bankruptcy, navigating through tumultuous crypto market shifts and the arrest of its former CEO, […] The post Celsius set to vote on asset sale plan after court approves disclosures appeared first on CryptoSlate.

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Alameda Research to claim $175m from Genesis’ assets

FTX's Alameda Research has settled a claim for $175 million with the bankrupt crypto firm, Genesis, according to recent court filings

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Binance seeks court’s protection against US SEC’s probe

The US SEC charged Binance for offering unregistered securities in the United States. The SEC then went ahead to seek for the freezing of Binance. US assets although the two later reached an agreement.

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