Voyager Digital to Allow Partial Withdrawals Amid Bankruptcy Woes
Voyager Digital, a crypto lender that filed for Chapter 11 bankruptcy in July, has announced a plan to return some of its customers’ assets. The company was hit hard by the collapse of its creditor, Three Arrows Capital, and a failed buyout attempt by Binance.US. According to Paul Hage, the bankruptcy plan administrator, Voyager Digital […]
Consensus 2023: How to Protect Crypto Users After FTX Fiasco
A group of experts at Consensus 2023 discussed the pros and cons of self-custody and regulation for crypto assets in the wake of the FTX collapse. In December 2022, FTX filed for bankruptcy , revealing that it had only $900 million in assets and more than $9 billion in liabilities. Sam Bankman-Fried (SBF), the founder […]
New York’s Met Museum Agrees to Return $550K in FTX Donations
The Metropolitan Museum of Art in New York City has decided to refund $550,000 in donations it received from the now-bankrupt crypto exchange, FTX. The museum made this decision known in a document submitted on June 2 to the US Bankruptcy Court in Delaware, where FTX initiated its bankruptcy proceedings. The museum’s choice to return […]
Crypto exchange TrigonX emerges from FTX downfall
TrigonX, an Australian cryptocurrency exchange that lost almost $50 million during the FTX catastrophe in December, is gearing up for a return. On May 29, The Australian reported that TrigonX has started functioning again after its creditors approved a deed of business arrangement. TrigonX was established in 2014 and became one of the casualties of […]
Federal Prosecutors Urge Court To Proceed With Charges Against SBF
U.S. Federal prosecutors in the Sam Bankman-Fried (SBF) have urged the court to proceed with all charges against the former FTX founder, stating that the FTX founder’s arguments to dismiss criminal charges are without merit. In a nearly 100-page filing, prosecutors stated that these motions presented by SBF’s attorneys are without merit. “The charges parallel […]