Celsius Custody Account Holders Can Receive 72.5% of Their Crypto, Says Bankruptcy Judge
In a March 21 hearing, United States Bankruptcy Judge Martin Glenn signed off on an agreement allowing Celsius custody account holders the right to receive 72.5% of their crypto claims provided they approve of the settlement. Under the agreement, the claimants cannot “pursue any litigation, including seeking relief from the automatic stay, turnover, or other claims or causes of action” and digital assets not part of the settlement will be controlled by the Celsius debtors.
Crypto Evening Briefing: Over $1 Billion of Ether Has Been Lost Forever Due to Bugs and Human Error
More than $1 billion of ether has been lost forever due to bugs and human error, according to research by Conor Grogan, director of product strategy and business operations at Coinbase.
Celsius Lawyer and Advisor Fees on Track To Reach $144M, Community Responds
Crypto lender Celsius Network’s lawyer and advisor fees amid its bankruptcy proceedings are projected to reach $144 million, triggering responses from members of the crypto community.
Crypto Evening Briefing: Silicon Valley Bank's Parent Company Files for Bankruptcy
Silicon Valley Bank's parent company SVB Financial Group (SIVB) has filed for Chapter 11 bankruptcy protection.
Silicon Valley Bank's Parent Company Files for Bankruptcy
Silicon Valley Bank's parent company SVB Financial Group (SIVB) has filed for Chapter 11 bankruptcy protection.
Breaking: Silicon Valley Bank Officially Files for Chapter 11 Bankruptcy
Silicon Valley Bank has officially filed for Chapter 11 bankruptcy in New York, according to market sources.
Genesis Requests Timetable for Sale, Creditor Claims
Bankrupt lender Genesis has requested a May 22 deadline for creditors to say how much they are owed by the company, and June 27 for an auction, according to bankruptcy court filings dated Thursday. Bidders considering buying Genesis would have to show interest by May 5.
Voyager-Binance.US Pause Denied by Bankruptcy Judge
A $1 billion bid by Binance.US to buy up Voyager’s assets should go ahead, a bankruptcy judge ruled in a Wednesday court filing, denying a bid by the U.S. government to put proceedings on hold pending appeal.
FTX Proposes $4M Bonus Program as It Seeks to Retain Staff
Bankrupt crypto exchange FTX wants to introduce a $4 million bonus program to stop staff with key skills quitting, according to court documents filed Tuesday.
Bankrupt Crypto Lender Celsius Network Pursues New Buyer Despite Existing Offer
The bankrupt cryptocurrency lender, Celsius Network, is reportedly pursuing more bids and exploring new buyers despite having an offer on the table.
