bankruptcy court

Crypto exchange FTX announced its intention to refund more than 90% of the funds to its customers. This decision is part of the revised Plan of Reorganization, which is expected to be submitted by Dec. 16, 2023. If the plan gains approval from the bankruptcy court, distributions could...

The U.S. Securities and Exchange Commission (SEC) consented to defer the collection of a $30 million fine from the insolvent crypto lending platform BlockFi until such time as the investors have been reimbursed. What Happened: Initially, BlockFi was under obligation to pay a $50 million penalty to...

Voyager Digital (OTC: VYGVQ) was caught off guard when Binance.US abruptly backed out of a $1 billion deal to purchase its assets, citing an "uncertain regulatory climate" in the U.S. According to Voyager's attorneys, Binance.US had expressed interest in closing the transaction...

Bankrupt cryptocurrency exchange FTX paid more than $30 million in February legal fees and adviser compensation, according to bankruptcy court filings. The fees were incurred by a half-dozen firms, including Sullivan & Cromwell, Landis Rath & Cobb, AlixPartners, Perella Weinberg...