Court Financial News

25.08 / 12:53

business regulation Court Bankruptcy US court US court gives Voyager green light to pay bonuses to key employees

A New York bankruptcy court has given embattled cryptocurrency brokerage Voyager Digital the green light to pay retention bonuses to key staff members.

17.08 / 11:37

business Court Bitcoin For greater good: NY judge allows Celsius to mine, sell Bitcoin

Not even 24 hours after revealing a three-month cash flow forecast that threatens total exhaustion of funds, a New York judge allowed crypto lender Celsius Network to mine and sell Bitcoin (BTC) during its bankruptcy.

16.08 / 13:13

business Court Cash Bankruptcy Court filings reveal Celsius will run out of money by October

Embattled crypto lender Celsius Network is on track to run out of money by October, according to the firm’s latest Chapter 11 documents.

16.08 / 11:47

business Law Court Crypto lender Hodlnaut seeks judicial management to avoid forced liquidation

Singapore-based crypto lending platform Hodlnaut is seeking judicial management to manage its ongoing liquidity crisis and avoid the forced liquidation of assets in the current bear market.

15.08 / 14:47

business Court Bitcoin Withdrawals Zipmex gets 3 month protection in Singapore amid halted withdrawals

Cryptocurrency exchange Zipmex has gotten a chance to sort out liquidity issues as a court in Singapore has granted the firm with more than three months of creditor protection.

09.08 / 11:29

Law BitMEX AML Court Executive BitMEX former executive pleads guilty to violating the Bank Secrecy Act

Another top executive joins three co-founders of the crypto exchange BitMEX, pleading guilty in the United States District Court for the Southern District of New York. The court case under the headline "U.S. v. Hayes et al." goes on for two years, with BitMEX management being indicted for violating the U.S. Bank Secrecy Act.

29.07 / 11:44

Government Adoption Court Marriages and court cases can be held in the Metaverse

Legal marriage proceedings, court case disputes and government services may one day be offered on the Metaverse, according to a Singaporean government minister.

25.07 / 04:57

business Investments Court Bankruptcy Customers Voyager rejects Alameda buyout offer as it 'harms customers'

Centralized crypto lender Voyager Digital Holdings has rejected an offer from FTX and its investment arm Alameda Ventures to buyout its digital assets on the grounds that the actions “are not value-maximizing" and potentially "harms customers."

22.07 / 23:05

business Venture Capital Court saga Crypto Biz: The 3AC saga takes another bizarre twist

About eight months ago, I vouched pretty strongly for Su Zhu to be included in the prestigious Cointelegraph Top 100. My reasoning was pretty straightforward: Zhu was not only an influential figure on social media, but he ran arguably the most revered hedge fund in crypto — Three Arrows Capital, also known as 3AC. Then, the bear market of 2022 exposed 3AC as a house of cards run by founders who believed their own hype — and made reckless business decisions along the way.

21.07 / 08:59

Blockchain Study Court Bitcoin sentencing Crypto use an aggravating factor for sentencing: Aussie court study

Criminals that used cryptocurrency as part of committing a crime are more likely to receive a tougher sentence in Australian courts, a new study has found.

19.07 / 23:49

business Investments Court Bankruptcy Source claims 3AC's Deribit exposure is worth much less than reported

Court documents that describe the insolvency of failed crypto hedge fund Three Arrows Capital, also known as 3AC, may be overestimating the value of the firm’s remaining assets — specifically, its exposure to crypto options exchange Deribit.

19.07 / 01:33

business SoftBank Court Time 3AC liquidators seek time, access to headquarters as Genesis, Algorand ties are untangled

The liquidators of failed crypto hedge fund Three Arrows Capital (3AC) have filed an application in the High Court of Singapore for a stay on claims against 3AC and access to the company’s Singapore headquarters. The liquidators said in the 1,157-page document that a court decision is needed in light of the number legal proceedings that may arise in the near future and the “virtual radio silence from the management/directors of the Company.”

16.07 / 13:47

business SEC ICO Court SEC dismisses claims against John McAfee, fines accomplice for ICO promo

The United States Securities and Exchange Commission (SEC) obtained the final judgment for an initial coin offering (ICO) promotion scheme against late entrepreneur John McAfee and accomplice Jimmy Gale Watson, Jr., filed on October 5, 2020.

15.07 / 06:25

business lending Court Bankruptcy Celsius bankruptcy Celsius bankruptcy filings show a company in deep trouble

Celsius’ bankruptcy filing has revealed some unpleasant surprises about the state of the crypto lending platform, including a $1.2 billion deficit formed largely as a result of user deposits.

13.07 / 06:09

business regulation Court Liquidators can subpoena 3AC founders despite 'tricky issues' with crypto assets

A United States (U.S.) court has given liquidators permission to subpoena the founders of crypto investment firm Three Arrows Capital (3AC), including Su Zhu and Kyle Davies.

08.07 / 16:53

Government Blockchain Court rights Web3 activists fight for reproductive rights with NFTs, DAOs and protests

Web3 community members are fighting back against the United States Supreme Court’s ruling to overturn Roe v. Wade.

06.07 / 16:11

Stablecoin Tether Court Salary payments in USDT stablecoin ruled as illegal in the Chinese court

Despite the Chinese government banning all kinds of cryptocurrency transactions last year, some firms apparently still use stablecoins like Tether (USDT) to pay their employees.

30.06 / 08:27

Court 'You can't turn the clock back': Paris attacks survivors react to guilty verdicts

"A trial lasting ten months, it helps to rebuild. It's over, there's going to be a void."

28.06 / 11:49

business regulation Court Celsius denies allegations on Alex Mashinsky trying to flee US

Troubled crypto lending firm Celsius is putting their best foot forward to recover operations alongside CEO Alex Mashinsky, who currently stays in the United States, the company has claimed.

19.06 / 11:51

business Adoption Tesla Court Support elon Elon Musk's support for Dogecoin grows stronger following $258B lawsuit

Not even a $258 billion class-action lawsuit alleging a crypto pyramid scheme could stop Elon Musk from publicly displaying his continued support for Dogecoin (DOGE).

17.06 / 09:25

Dogecoin Law Court elon Elon Musk gets hit with ‘ridiculous’ $258B Dogecoin lawsuit

Billionaire Elon Musk, along with his companies SpaceX and Tesla Inc, are all being sued for an astonishing $258 billion in damages for being “engaged in a crypto pyramid scheme” involving Dogecoin (DOGE).

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