Coinbase narrows subpoena, wants Gensler’s emails during time as SEC Chair
Coinbase initially demanded a subpoena into Gary Gensler’s private communications before his time as SEC Chair but has changed tactics in its latest letter to the judge. This post was originally published on this site
Mainstream media renew push for non-US FTX user identities
A May 3 filing to the United States Bankruptcy Court brings new objections to a motion that aimed to redact customer identities. This post was originally published on this site
FTX seeks to claw back $460M from Bankman-Fried-backed VC firm
While the funds represent a small portion of FTX’s overall asset shortfall, the settlement means the firms can avoid a costly legal battle.This post was originally published on this site
DOJ-Appointed US Trustee Objects to Subpoena Request in FTX Bankruptcy Case
Following a request from FTX lawyers to subpoena FTX co-founder Sam Bankman-Fried (SBF) and members of his family, the U.S. Trustee appointed by the Department of Justice has filed an opposition to the request. The U.S. Trustee explained that the motion would duplicate the efforts of the federally appointed independent examiner. U.S. Trustee Argues for […]
FTX lawyers: Examiner could cost $100M and ‘provide no benefit’
FTX lawyers, joint provisional liquidators of FTX.US and the Bahamas and a committee of creditors have all opposed the appointment of an independent examiner.This post was originally published on this site
Former FTX chief lawyer claims US legal counsel channeled business to S&C
The former chief regulatory officer of FTX has supported a motion that would stop FTX from using Sullivan & Cromwell LLC as its lead bankruptcy counsel.This post was originally published on this site
Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius
Core Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according to an agreement between the two bankrupt firms. Celsius owes Core Scientific approximately $7.8 million for energy and hosting costs, as the crypto lender has been unable to make regular payments as outlined in the hosting contract. Celsius […]
Ripple, SEC case heads for conclusion after ‘summary judgment’ filed
Ripple argued that XRP profits came from “market forces of supply and demand” rather than any contract between Ripple and XRP tokenholders.This post was originally published on this site
Celsius files to reopen withdrawals for a minority of customers
Celsius has motioned for $50 million worth of the total $225 million held in the Custody Program and Withhold Accounts to be released to owners.This post was originally published on this site