UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal
After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to protect against any losses if it purchases Credit Suisse. According to unnamed sources familiar with the […]
‘Categorically false’ — Attorney denies bids for Celsius assets were rejected
Lawyers for Celsius’ official creditor committee are denying claims by crypto blogger Tiffany Fong that five bids for the bankrupt lender’s crypto assets were mostly abandoned.This post was originally published on this site
Alameda Research Seeks $446 Million Over Alleged ‘Preferential Transfers’ to Voyager Digital
On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in the U.S. bankruptcy court. The complaint alleges the defendants received preferential transfers of property from Alameda Research and the plaintiffs are seeking to recover approximately $445.8 million from Voyager and HTC. Legal Battle Erupts Over Crypto Asset […]
‘LEAKED BIDS’ — Binance, Galaxy Digital among secret bidders for Celsius assets
Crypto blogger Tiffany Fong has shared documents she claims to have obtained in late December detailing several bids for Celsius’ crypto assets.This post was originally published on this site
FTX customers want more info on FTX’s plans to sell subsidiaries
While the group of 18 customers does not want to prevent the sales from occurring, it argued it needs to be involved to ensure that customers’ interests are represented.This post was originally published on this site