FTX Claims Portal Goes Offline After Temporary Opening
Shortly after its launch on July 10, the consumer claims portal for the bankrupt cryptocurrency exchange FTX went offline, prohibiting clients from filing claims online. The FTX claims agency, Kroll, stated that they are attempting to fix the issue that prevents victims from submitting claims. Affected consumers can still make claims in the interim by […]
Voyager Pays Kirkland $1.1M for Crypto Bankruptcy Work
Voyager Digital, a crypto lending and brokerage firm, has paid a hefty sum of $1.1 million to Kirkland & Ellis, a prestigious law firm, for its legal services during its bankruptcy process in April. Voyager was one of the leading crypto brokers in the industry, offering users access to over 50 digital assets and interest-bearing […]
FTX Sues Ex-Clinton Aide’s Firm for $700M
FTX has filed a lawsuit against K5 Global, an investment firm co-owned by Michael Kives, a former aide to Hilary Clinton. The lawsuit accuses Kives and his associates of fraudulently receiving $700 million from FTX through shell companies and fake transactions. The lawsuit, filed on June 22 in the Delaware Bankruptcy Court, accuses Kives and […]
SEC Waives $30.2M Fine from BlockFi to Prioritize Investors
The agency agreed to defer its claim against the crypto lender BlockFi to ensure investors are repaid in full without delay. According to a court filing dated June 22, the U.S. Securities and Exchange Commission (SEC) has decided to delay collecting a $30.2 million fine from defunct crypto lender BlockFi. The move comes as part […]
SBF to Face Trial on Eight Charges Over FTX Collapse
The U.S. Department of Justice (DoJ) has confirmed that it will proceed with the trial of SBF, the co-founder of FTX, on the original eight charges of fraud and conspiracy. The trial is scheduled to start on October 2, 2023. SBF, whose full name is Sam Bankman-Fried, was extradited from the Bahamas, where FTX was […]