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Category bankruptcy proceedings

FTX Seeks to Exclude Dubai Subsidiary From Ongoing Bankruptcy

FTX Seeks to Exclude Dubai Subsidiary From Ongoing Bankruptcy

FTX Trading Ltd. filed a motion on Tuesday to dismiss its Dubai-based subsidiary, FTX Exchange FZE, from ongoing bankruptcy proceedings, citing the...
FTC Slaps Crypto Lender Celsius With $4.7B Fine for Deceiving Consumers and Mismanaging Deposits

FTC Slaps Crypto Lender Celsius With $4.7B Fine for Deceiving Consumers and Mismanaging Deposits

On Thursday, following the U.S. Securities and Exchange Commission (SEC) suing the insolvent crypto lender Celsius, the Federal Trade Commission (F...
Voyager Digital’s Bankruptcy Battle Racks Up Millions in Legal Expenses

Voyager Digital’s Bankruptcy Battle Racks Up Millions in Legal Expenses

A recent court filing from the now-insolvent Voyager Digital Holdings and its creditor committee revealed that legal expenses amounting to $16.5 mi...
Non-US FTX User Names Leaked By Mainstream Media

Non-US FTX User Names Leaked By Mainstream Media

Some mainstream media outlets have objected to attempts to withhold the identities of non-United States customers of cryptocurrency exchange FTX du...
Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing

Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing

On March 2, 2023, the cryptocurrency exchange Coinbase announced that, in light of recent developments, the company is “no longer accepting or init...