Judges Deny SBF’s Appeal For Early Release
A three-judge panel from the United States Court of Appeals for the Second Circuit denied Sam Bankman-Fried’s (SBF’s) motion for early release, calling the arguments behind the motion for release “unpersuasive.” In an order dated September 21, Circuit Judges John Walker Jr., Denny Chin, and William Nardini denied SBF’s request for early release, which his […]
SBF Files Memo Requesting Court to Block Prosecutor’s Evidence
Sam Bankman-Fried, the founder and former CEO of the defunct cryptocurrency exchange FTX, filed a motion on September 1 requesting that the court deny the prosecutor’s limine request, calling them “unworkable.” In the memorandum, written by SBF’s attorney Mark Cohen, the United States Department of Justice (DOJ) requests are described as “unfounded and overbroad,” among […]
US BlockFi Clients Free to Withdraw Funds After Court Order
Numerous US-based clients of the defunct crypto lending firm, BlockFi, have reported being able to access their accounts following a directive from the U.S. Bankruptcy Court. Following an injunction from a U.S. bankruptcy court, many clients of the now-defunct crypto lending company BlockFi have reported being able to withdraw money for the first time in […]
Court Sets New Deadline For Celsius Restructuring Plan
Bankrupt cryptocurrency lender Celsius was granted an extension on its exclusivity period until Feb. 15, 2023. The troubled crypto lender now has a few more months to file for a Chapter 11 restructuring plan thanks to the court’s approval. After two court appearances on December 6, the decision to prolong the exclusivity period was made. […]
Bahamas court orders FTX to pay remuneration fees to regulators
The Bahamian Securities regulator was ordered to offer custody for digital assets belonging to bankrupt crypto exchange FTX on Nov. 12. The latest issue facing the insolvent cryptocurrency exchange FTX comes from the Bahamas, where it once had its headquarters. On Nov. 21, the Bahamas Supreme Court issued an order in favor of the Securities […]