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British Virgin Isles Court Freezes $1 Billion Assets Belonging To Three Arrows Capital Founders

A British Virgin Islands court has ordered the freeze of assets belonging to Three Arrows Capital (3AC) founders, the crypto hedge fund’s assigned liquidator Teneo Restructuring has revealed. The global freezing court order prevents co-founders Su Zhu and Kyle Davies, as well as Davies’ wife, Kelly Chen, from moving or selling assets worth up to […] дальше »

2024-1-2 16:59


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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 […] дальше »

2023-11-7 01:00


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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. дальше »

2023-11-6 12:15


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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. дальше »

2023-10-25 15:30


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. дальше »

2023-10-6 14:00


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. дальше »

2023-10-5 05:00


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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. дальше »

2023-9-11 19:50


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. дальше »

2023-8-21 03:35