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” SEC files objection to Binance.US’s plans to acquire Voyager Digital “ The United States Securities and Exchange Commission (SEC) has filed a “limited objection” to crypto exchange Binance.US’s proposed $1 billion takeover of bankrupt crypto lender Voyager Digital, citing a lack of “necessary information.” The limited objection was filed on Jan. 4, with the…
“United Furniture lenders reveal chaos surrounding 2,700 layoffs” Lenders to United Furniture Industries claimed in court filings they were blindsided by the company’s pre-Thanksgiving move to abruptly fire its 2,700 employees in the middle of the night — revealing for the first time a bizarre sequence of events that triggered the surprise bloodbath. The Nov….
” US authorities are seizing $460M in Robinhood shares tied to FTX: Report “ The United States Departure of Justice has reportedly seized or was in the process of seizing more than $400 million worth of Robinhood shares linked to FTX as part of the case against the crypto exchange. According to a Jan. 4…
“Eric Adams says migrant crisis could bankrupt NYC — still won’t blame Biden” The ongoing migrant crisis could leave New York City bankrupt, Mayor Eric Adams warned Wednesday — while repeatedly refusing to blame President Biden’s lax border policies. Adams — who’s asked the federal government for $1 billion to pay for migrant housing and…
” Judge rules Celsius owns funds in Earn accounts, paving the way for stablecoin sale “ Judge Martin Glenn, who is presiding over the Celsius bankruptcy case, ruled on Jan. 4 that the funds in the Celsius interest-bearing Earn program belong to Celsius under the terms of the program’s terms of use. The funds reportedly…
” US Feds put together ‘FTX task force’ to trace stolen user funds “ The United States Attorney’s Office for the Southern District of New York (SDNY) has formed an FTX Task Force to “trace and recover” missing customer funds, as well as handle investigations and prosecutions related to the exchange’s collapse. The announcement came…
” Companies and investors may need to return billions in funds paid by FTX “ The collapse of FTX Group may not yet be the end of its contagious spread, as clawback provisions could force business and investors to return billions of dollars paid in the months leading up to the crypto exchange’s collapse, an…
” Celsius wants to extend the deadline for claims as lawyer fees mount “ Bankrupt crypto lender Celsius Network is planning to file a motion that would extend the deadline for users to submit their claims by another month. The crypto community has started to grow impatient, noting that Celsius’ lawyer fees have continued to…
“FTX customers file class action lawsuit to recoup ‘diminished’ assets” Four FTX customers filed a class-action lawsuit against the company and Alameda Research in an attempt to recoup losses following the crypto exchange’s Chapter 11 bankruptcy filing last month. The lawsuit filed Tuesday petitioned a judge in Delaware bankruptcy court to rule that remaining FTX…
” Bitcoin bears well positioned for Friday’s $2.5 billion options expiry “ A year-end wager for $80,000 Bitcoin (BTC) might seem entirely off the table now, but not so much back in March as BTC rallied to $48,000. Unfortunately, the two-week 25% gains that culminated with the $48,220 peak on March 28 were followed by…