Bankruptcy
FTX’s $45M Sequoia Sale Cleared, as Embed Divestment Is Delayed
A Delaware bankruptcy judge approved the sale of the bankrupt company’s assets to Abu Dhabi’s investment arm.
Judge Puts Voyager Sale to Binance.US on Hold Pending Government Appeal
Federal regulators previously objected to the proposed sale.
FTX Bankruptcy Estate Consolidates Arbitrum Airdrop Tokens Into Single Wallet
The estate now holds 33,125 ARB tokens worth around $42,000.
Eversheds Sutherland Files for Property Rights Over FTX.com Customer Assets
Lawyers want the court to ring-fence FTX assets frozen in the accounts of non-U.S. customers.
Bankrupt Crypto Lender BlockFi Given Go-Ahead for Sale of $4.7M of Mining Rigs
The approval came from the U.S. Bankruptcy Court in New Jersey, which is overseeing BlockFi's case.
A Three Arrows Capital Founder Talks About His New Crypto Bankruptcy Exchange
Kyle Davies, who created OPNX with 3AC partner Su Zhu, spoke to CoinDesk about their new venture, created in the wake of losing hedge fund customers $2.5 billion.
Mysten Labs to Buy Back Equity, Token Warrants From FTX Bankruptcy Estate for $96M
FTX Ventures invested $101 million in Mysten Labs just months before Sam Bankman-Fried’s empire collapsed. Now, Mysten is buying back the stake (and sui token warrants) for $96 million through bankruptcy court.
Dreams of Rebooting FTX Face Cold Reality That Its Technology Wasn’t Well-Regarded
Woefully high latency, bugs in the API traders use to interface with FTX and coding mishaps plagued the exchange, according to several former clients who spoke to CoinDesk.
FTX Bankruptcy Estate to Claw Back $460M From Modulo Capital
Alameda Research seeded little-known Bahamas-based hedge fund Modulo Capital with $475 million in 2022. The recovery includes $404 million in cash.
SVB Financial’s First Bankruptcy Hearing ‘Wasn’t Really So Routine,’ Says Legal Expert
The former Silicon Valley Bank holding company needs access to the bank's FDIC-controlled funds to pay creditors and support two other operations, says Kleinberg, Kaplan partner Dov Kleiner.
