A U.S. court has allowed Terraform Labs to hire law firm Dentons to defend the company in a lawsuit brought against it by the U.S. Securities & Exchange Commission (SEC) in Jan. 2024.
FTX Files Reorganization Plan to End Bankruptcy
Asset values for creditor claims will be calculated at prices on the day FTX filed for bankruptcy in November 2022, the plan says.
Delaware authorities refer fake BlackRock XRP trust filing to state’s Justice Department
State authorities may be investigating the fake registration for a BlackRock “iShares XRP Trust” following a referral from Delaware’s Division of Corporations.
XRP jumps then dumps on faked BlackRock XRP trust filing
XRP’s price surge was short-lived and has almost returned to its original price.
Ethereum price hits 6-month high amid BlackRock spot ETF buzz, but where’s the retail demand?
ETH price finally polevaulted the $2,000 resistance, but will retail demand and network use support the current bullish momentum?
FTX Wants to Sell $744M Worth of Grayscale, Bitwise Assets
Bankrupt crypto exchange FTX and its debtors have asked the U.S. Bankruptcy Court in Delaware to approve the sale of trust assets, funds of Grayscale and Bitwise amounting to an estimated $744m, through an investment adviser.
FTX Bankruptcy Lawyers Ask Court For $323m Recovery From FTX Europe Leadership
Crypto exchange FTX’s lawyers have asked the bankruptcy court in Delaware to award recovery of more than $323.5 million from FTX’s Europe leadership.
Metropolitan Museum of Art to return $550K in donations from FTX
The agreement came on the back of “good faith, arm’s length negotiations” with FTX’s debtors, the museum said.
Alameda to Be Repaid $53M Deltec Loan, Delaware Bankruptcy Court Says
The 2021 payment to Deltec International was originally approved by FTX’s Ryan Salame.
Alameda Research to sell interest in Sequoia Capital for $45M to Abu Dhabi
The investment branch of FTX, Alameda Research, reached an agreement to sell its interest in Sequoia Capital for $45 million in cash to the Abu Dhabi sovereign wealth fund.
Judge slams senators’ letter against FTX lawyers as ‘inappropriate’
Bankruptcy judge John Dorsey called the bipartisan letter “inappropriate,” and that he won’t take it into account in his decision for an independent examiner.
Breaking down FTX’s bankruptcy: How it differs from other Chapter 11 cases
The FTX bankruptcy has left creditors, investors and industry experts questioning what will happen next — Here is what we can expect.
Why ICOs Could Eat Delaware’s Lunch
Delaware’s status as a go-to jurisdiction for business can’t be taken for granted as tokens take off and issuers flock to blockchain-friendly states.