Bankruptcy court
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FTX debtor agrees to sell LedgerX to a subsidiary of Miami International Holdings
According to reports, the debtor of FTX has agreed to sell the derivatives exchange LedgerX to a subsidiary of Miami International Holdings for approximately $50 million. The trans
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#Title: Bankruptcy Court Judge Rejects SBF Motion to Use Insurance Policy for Legal Fees
According to reports, during Wednesday\’s hearing, bankruptcy court judge John Dorsey rejected SBF\’s motion to use a $10 million policy to pay lawyer fees.
The judge rejected SBF\’s -
Alameda Research’s Financial Support of FTX Founders and Executives
According to reports, FTX and its affiliated debtors submitted financial statements to the bankruptcy court, which showed that Alameda Research had transferred and loaned as much as $3.2 billion to FTX’s founders and executives, including Sam Bankman Fried (approximately $2.2 billion), Nishad Singh (approximately $587 million), Gary Wang (approximately $246 million), Ryan Salame (approximately $87 million), John Samuel Trabucco (approximately $25 million) Caroline Ellison (approximately $6 million). These amounts do not include over $240 million for the purchase of luxury homes in the Bahamas, political and charitable contributions directly provided by FTX debtors, and asset transfers to non debtor subsidiaries in the Bahamas and other jurisdictions. FTX Financial Statements: Alameda Research transferred and loaned approximately $2.2 billion to SBF Analysis based on this information:According to recent reports, documents submitted by FTX and its associated debtors to the bankruptcy court reveal that Alameda Research provided as much as $3.2 billion to FTX’s founders and executives in the form of transfers and…
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Dispute Over Clause in Sale of Digital Assets from Voyager Digital to Binance.US
On March 15th, US officials wanted to remove a clause contained in Voyager Digital’s plan to sell its digital assets to Binance.US, which would prevent them from legally pursuing anyone involved in the sale. In a motion filed in the New York Bankruptcy Court on March 14th, the United States trustee, William Harrington, and other government lawyers argued that the court improperly exceeded its statutory powers in approving a pardon. They asked the court to defer approval of the sale for two weeks in order for them to file an appeal. US officials want to remove the exemption clause protecting their executives from the proposed sale of Voyager assets Analysis based on this information:On March 15th, the United States officials raised an issue over a clause present in the plan of Voyager Digital to sell its digital assets to Binance.US. The clause in question would have prevented the US government from legally pursuing anyone involved in the sale of digital…
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Celsius Network Granted Exclusive Right to Create Exit Plan
It is reported that the bankruptcy court judge Martin Glenn ruled on Wednesday that Celsius Network should continue to have the exclusive right to formulate an…
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Celsius Network’s Asset Management Company NovaWulf Open to Better Offers
On March 9, Chris Koenig, a lawyer of Celsius Network, revealed at a hearing in the Manhattan Bankruptcy Court on Wednesday that although the asset management …
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Bankruptcy Judge Casts Doubt on SEC’s Attempt to Block Binance US’ Asset Acquisition for Voyager Digital
According to reports, Michael Wiles, a judge of the bankruptcy court of Voyager Digital, said in a court hearing on Thursday that he was seriously suspicious o…
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Judge and Creditor Testify on Proposal to Sell Assets to Binance.US
It is reported that the judge and creditor gave eight hours of testimony on the broker\’s proposal to sell assets to Binance.US. Judge Michael Wiles still hasn\’…
