New ‘Celsius token’ may be used to repay creditors: Report
It was suggested that the token could be part of a reorganization that would turn Celsius into a publicly traded, U.S.-regulated company.
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Bankruptcy
FTX bankruptcy judge denies US trustee’s motion to appoint independent examiner
The U.S. trustee made arguments including that an examiner was necessary to scrutinize the use of software to conceal FTX’s alleged misuse of customer funds.
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FTX's LedgerX Derivatives Exchange Sold to Miami International Holdings in Bankruptcy Auction
FTX.US purchased Ledger Holdings, the parent company of LedgerX, for $298 million in October 2021, according to audited financial documents viewed by CoinDesk.
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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.
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Mt. Gox top creditor goes with early payout option: Report
The creditor will be paid by September this year instead of waiting for the legal processes to be finished.
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US trustee appeals NY Judge’s approval of Voyager deal with Binance.US
The United States Department of Justice filed an appeal against the approval by a New York judge allowing a billion-dollar sale of assets from Voyager Digital to Binance.US.
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Judge denies motions from Celsius users seeking to reclaim assets
Two claimants called out former Celsius CEO Alex Mashinsky in motions, claiming he misled users, while all suggested that the platform’s terms of use left assets in their control.
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Celsius bankruptcy judge authorizes the sale of $7.4M worth of Bitmain coupons
The judge’s ruling does not require Celsius debtors to sell the Bitmain coupons, which would need the consent of the committee of unsecured creditors.
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Binance.US, Alameda, Voyager Digital and the SEC — the ongoing court saga
Court cases involving the SEC and some major crypto industry enterprises — Voyager Digital, Alameda Research and Binance.US — have continued to progress in 2023.
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CFTC’s Johnson urges Congress to expand commission’s crypto oversight powers
Commodity Futures Trading Commission Kristin Johnson wants to protect customers in a way that reduces the risk of future crises.
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