Bankruptcy
Crypto Lender Celsius Files to Return Custody Clients' Funds
Celsius said these funds are not part of the bankruptcy estate, unlike funds from Earn and Borrow clients.
Crypto Lender Celsius Faces Another Group of Customers Who Want Their Money Back
More than 60 of Celsius’ custodial-account holders petitioned a bankruptcy court to force the crypto lender to send them their funds back outside of the proceedings.
NFT Markets Aren’t Immune to ‘Spooked’ Buyers: Quadency CEO
NFT platform Opensea saw daily trading volume plummet by 98% since its peak. Quadency founder and CEO Rosh Singh says “people are spooked” by the cascading bankruptcies and liquidity crisis in the broader crypto markets.
Crypto Exchange Zipmex Appoints Restructuring Firm to Forge Recovery Plan
KordaMentha has been appointed as Zipmex's financial adviser to oversee a recovery plan.
Three Arrows Capital Co-Founder Calls Crypto Hedge Fund's Liquidators Inaccurate, Misleading: Report
Three Arrows Capital co-founder Su Zhu said Teneo misled the High Court of Singapore, which this week granted permission for the liquidator to probe the hedge fund's local assets.
Binance, FTX Among Crypto Players in Hunt to Buy Voyager Digital Assets as Coinbase Backs Out: Sources
Crypto lender Voyager’s collapse into bankruptcy was a milestone in this year’s crypto market crisis. Now, some of the industry’s biggest players are trying to buy its assets.
Crypto Lender Celsius Files 2 New Lawsuits in Attempt to Recover Funds
Crypto lender Celsius Network has filed two new lawsuits in an attempt to retrieve lost funds. Ropes & Gray Business Restructuring Associate Daniel Gwen discusses what this means for Celsius and its creditors and customers.
Alleged Tornado Cash Developer Must Stay in Jail; Judge Approves Voyager Paying 'Retention' Bonuses
Alexey Pertsev, accused of facilitating money laundering via now-sanctioned Tornado Cash, must stay in jail for at least 90 more days, a Netherlands judge ruled Wednesday. Crypto-focused venture capital firm Electric Capital has named former SEC Chairman Jay Clayton as an adviser, according to Bloomberg. A U.S. federal judge ruled crypto lender Voyager Digital, which is undergoing bankruptcy proceedings, can pay more than 30 employees a collective $1.6 million as a "retention" award.
‘Not Unusual’ for Voyager to Pay Employees Retention Bonuses, Restructuring Expert Says
A U.S. federal judge ruled in Voyager’s bankruptcy hearing Wednesday the crypto lender can pay more than 30 employees a collective $1.6 million as a “retention” award. Ropes & Gray Business Restructuring Associate Daniel Gwen discusses the key takeaways from the hearing, explaining why this is “customary” and “not that unusual.”
Crypto Lender Voyager Can Pay Employees 'Retention' Bonuses, US Judge Rules
Judge Michael Wiles also agreed to withhold the names and titles of the employees who may receive the bonuses.
