BlockFi used customer money to buy $30M insurance, creditors claim
BlockFi said selling its cryptocurrency lending platform might not generate value for creditors.
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SEC revises $22M punishment against LBRY, seeks $111K instead
The SEC originally wanted LBRY to pay millions of dollars in penalties, but now concedes the defunct firm can’t pay up that amount.
Do Kwon to Be Released on €400,000 Bail, Pleads Not Guilty in Montenegro
Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean,…
Terra Luna founder Do Kwon’s bail terms officially accepted by Montenegro court
The Montenegro court accepted the offered bail in the amount of $436,000 per person for Do Kwon and his former aide Han Chang-joon.
‘The SEC’s actions have crippled a nascent industry’ — Paradigm requests amicus brief for Coinbase
According to Paradigm, the SEC's lack of a clear path for crypto firms to register could lead to a “de facto ban on digital asset trading platforms.”
DCG settlement with Genesis still undecided as 30-day mediation period proceeds
The settlement plan proposed in February would give Genesis creditors 80% recovery of funds but many raised demands, leading to the mediation.
FTX Founder Bankman-Fried Seeks Dismissal of Charges Filed After Extradition
Former CEO of crypto exchange FTX, Sam Bankman-Fried, has asked a judge in the U.S. to dismiss several charges against him filed after his extradition from the Bahamas. His lawyers…
Eligible Celsius users can withdraw all ‘Distributable Custody Assets’ following court approval
Certain Celsius users, largely those who only ever held funds in custody accounts, had previously been limited to withdrawing up to 94% of their funds.
Voyager creditors could start seeing funds in the ‘next few weeks’
The bankrupt crypto brokerage has entered the final stages of liquidation procedures after Binance abandoned its acquisition deal last week.
FTX seeks to claw back $4B from Genesis in a battle of the bankrupt
The bankrupt crypto exchange wants to recoup billions from the bankrupt crypto lender claiming it was “instrumental” to FTX’s “fraudulent” business model.
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