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” Genesis unsecured creditors’ committee appointed “ A seven-member committee has been appointed to represent the interests of unsecured creditors in Genesis Global bankruptcy case, according to court filings on Feb. 4. The committee will represent the creditors in court, having the right to be consulted before major decisions and to participate in the reorganization…
” FTX-tied townhouse in Washington DC unlisted: Report “ A property linked to Sam Bankman-Fried’s political spending was pulled off the market by the seller as a sign of “good faith” after being linked to FTX customer funds, the Wall Street Journal reported. The townhouse – located a few blocks from the United States Capitol,…
” Sam Bankman-Fried’s holding company files for bankruptcy “ Emergent Fidelity Technologies, a Sam Bankman-Fried holding company based in Antigua and Barbuda, has filed for bankruptcy protection. According to court records filed on Feb. 3, Emergent Fidelity Technologies submitted a voluntary petition to declare bankruptcy under a Chapter 11 filing in United States Bankruptcy Court…
” Core Scientific to hand over 27K rigs to pay $38M debt “ Crypto mining firm Core Scientific made a deal with the New York Digital Investment Group (NYDIG) to pay off an outstanding debt of $38.6 million by handing over more than 27,000 mining machines used as collateral. In a court filing, the company…
” Alameda Research wallet receives $13M from Bitfinex, other sources “ Nearly $13 million has been moved into the consolidation wallet of bankrupt crypto trading firm Alameda Research in just 24 hours, revealed data from blockchain security firm PeckShield on Feb. 2. The address received $6 million in Tether (USDT) and $2.5 million in Ether…
” Voyager victim calls for trustee to seize control of the estate “ A Voyager creditor and finance lawyer wants to see a chapter 11 trustee appointed in crypto brokerage Voyager Digital’s bankruptcy trial, which would see Voyager lose control of its estate. In a Feb. 1 motion, Voyager creditor Michelle DiVita accused Voyager of…
” Celsius publishes list of users eligible to withdraw majority of assets “ Bankrupt cryptocurrency lending firm Celsius had come up with a withdrawal process for users who had their crypto in its custody when it stopped withdrawals in June 2022. Celsius released an official update on upcoming withdrawals on Jan. 31, providing the list of users…
” ‘Categorically false’ — Attorney denies bids for Celsius assets were rejected “ The counsel representing Celsius’ official creditor committee has denied assertions that the bids for Celsius’ crypto assets have been rejected. During a Jan. 31 Twitter Space “town hall” following the examiner’s report on Celsius, attorneys from White & Case LLP including Gregory…
” Court permits Core Scientific to borrow $70M to replace existing loan “ Core Scientific has received permission from the bankruptcy court for the Southern District of Texas to take out a loan of up to $70 million from investment bank B. Riley, one of the company’s biggest creditors. The loan would be used to…
” Examiner finds customer deception, ‘very Ponzi-like’ use of funds at Celsius “ Court-appointed examiner Shoba Pillay submitted her final report on select aspects of operations at bankrupt cryptocurrency Celsius on Jan. 31. The document was commissioned on Sept. 29 and is 470 pages long, not counting the 31 appendices. Pillay is a former federal…