Bankrupt Crypto Platforms FTX, Genesis Set to Resolve Dispute
Representatives of FTX and Genesis told the US court that they are prepared to resolve the bankruptcy issue. The attorneys for FTX and Genesis indicate in a document submitted to Judge Lane of the United States Bankruptcy Court that they reached an understanding regarding a potential settlement between the two parties in the current bankruptcy […]
Celsius Network Reaches Key Settlements to Resolve Litigation
Celsius Network LLC, which is insolvent, has negotiated a settlement to make things simple for the company in court. If many account holders are interested in taking part in a litigation settlement involving accusations of management malfeasance, it is reportedly offering to pay 5% extra on its claims. By entering into these agreements, Celsius Network […]
Law Firm bills Voyager Digital Creditors $5.1M Legal Claim
McDermott Will & Emery, a law firm based in New York, has filed a $5,1 million claim against the creditors of defunct crypto brokerage firm Voyager Digital. The claim covers legal services between March 1 and May 13, 2023. In a court filing dated July 3, the law firm billed the “Official Committee of Unsecured […]
Celsius to convert altcoins to BTC, ETH in updated bankruptcy plan
Judge Martin Glenn of the US Bankruptcy Court has permitted Celsius Network to convert all its cryptocurrencies into Bitcoin and Ethereum. This decision starts liquidating altcoins, excluding Bitcoin and Ethereum, for the bankrupt cryptocurrency lender. Judge Martin Glenn, from the Southern District of New York, ruled, allowing the bankruptcy procedures to proceed. The liquidation of […]
Gemini Enables Withdrawals for Voyager Bankruptcy Victims
Gemini, a crypto exchange, has started allowing victims in the Voyager bankruptcy case to withdraw their funds. They state that users affected by the Voyager situation can only transfer cryptocurrencies supported by Gemini. Any cryptocurrency sent from Voyager to a Gemini account that is not supported may be permanently lost. Gemini also advises users to […]