Bankruptcy
Defunct Crypto Hedge Fund 3AC Insists on Taking Part in Genesis Mediation
The defunct crypto hedge fund has claimed over $1 billion against Genesis, which itself filed for bankruptcy in January.
FTX Examiner Appointment Referred to Court of Appeals by District Judge
The U.S. government is pushing to have an independent inquiry into the crypto exchange despite concerns over cost.
Fahrenheit Wins Bid to Acquire Assets of Insolvent Crypto Lender Celsius
The Arrington Capital-backed grouping beat fellow bidder NovaWulf for Celsius’ assets, with the Blockchain Recovery Investment Consortium selected as back-up.
Crypto Lender BlockFi Ordered by U.S. Court to Withdraw Communication on Unapproved Reorganization Plan
A U.S. bankruptcy court ordered the estate to issue a letter saying that statements relating to a May 13 disclosure were not authorized, and that it was not allowed to solicit support for a reorganization plan at the time.
U.S. Court Asked to Reverse Decision to Not Appoint Independent Examiner in FTX Bankruptcy
A Delaware bankruptcy court judge had previously denied a motion to appoint a neutral examiner to avoid a lengthy and costly investigation that would slow the progress of the bankruptcy proceedings.
Fahrenheit Consortium Is Lead Bidder in Bankruptcy Auction for Celsius Assets
The assets include a loan portfolio, mining rigs and infrastrsucture and cryptocurrency worth as much as $2 billion.
BlockFi Claims Against FTX, Alameda 'Largest Driver' of More Than $1B in Asset Recoveries, Firm Says
The litigation supporting claims against the bankrupt crypto lender's commercial counterparties is set to make a difference "in excess of $1 billion" to creditors, court filings say.
BlockFi Customers Can Be Repaid $300M Held in Custodial Accounts, Judge Says
A further $375 million that users tried to transfer out of interest-bearing accounts after Nov. 10 still belongs to the estate, Bankruptcy Judge Michael Kaplan said
U.S. Internal Revenue Service Files Claims Worth $44 Billion Against FTX Bankruptcy
The largest of the claims includes a $20.4 billion claim against Alameda Research LLC, which details nearly $20 billion in unpaid partnership taxes.
Bittrex’s U.S., Maltese Arms Processed $425M in Withdrawals Since April 1, Attorney Says
The company filed for bankruptcy protection earlier this week, but says no customer funds were re-used and that liabilities meet assets
