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Bankruptcy
‘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.
Crypto Advocate Michelle Bond Loses Primary Bid for Congress
Michelle Bond lost her primary bid to be the Republican congressional candidate for her New York district. CoinDesk's Global Policy & Regulation Managing Editor Nikhilesh De discusses what this means for crypto candidates across the country. Plus, what to expect from Voyager's bankruptcy hearing.
Singapore High Court Recognizes Three Arrows Capital Liquidation Order
The decision will provide Three Arrow's liquidator, Teneo, the ability to probe assets held in Singapore.
Bankrupt Crypto Lender Celsius Sues Prime Trust Over $17M in Tokens
The dispute stems from a trove of assets held by Prime Trust for Celsius customers in New York and Washington state.
Failed Crypto Lender Celsius Fires Back, Accusing Ex-Employee of Fraud
KeyFi founder and CEO Jason Stone has previously filed suit against Celsius, accusing his former employer of market manipulation, among other charges.
No Safety Net From Crypto Collapses, German Regulator Warns
The financial regulatory authority for Germany, BaFin, has toughened warnings about consumers potentially losing all their crypto investments, unlike holdings with regulated banks.
Celsius Depositors Fracture Again on Legal Strategy as 'Withhold' Group Lawyers Up
Some U.S.-based customers whose funds ended up frozen in holding accounts have hired a partner at Troutman Pepper to get access to their funds.
Voyager Customers Say No to 'Retention' Bonuses for Employees of Bankrupt Crypto Lender
Voyager wanted $1.9 million to pay bonuses to 38 employees it called "essential" to its continued operation.
Bankrupt Lender Celsius CEO Owes Creditors Transparency, Crypto Lawyer Says
If Alex Mashinsky was “being transparent,” there would be “no need to pull in an independent examiner," said Sasha Hodder, founder of Hodder Law Firm, on CoinDesk TV's "First Mover."
![“If [Mashinky] was being transparent, they would not have a need to pull in an independent examiner,” Sasha Hodder, founder of Hodder Law Firm, said on CoinDesk TV’s “First Mover.” (CoinDesk TV, modified by CoinDesk)](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fstaging%2Fd1d4ac7cf13d78d2867f5c160123232e551d4b49-1411x1058.jpg%3Fauto%3Dformat&w=1080&q=75)