assets

10 Jan 23

BlockFi to file its assets and liability for bankruptcy case

The crypto lending company BlockFi has said it will be transparent about its assets, debts, and payments made before declaring bankruptcy in November. BlockFi’s upcoming court session In a Twitter thread, BlockFi stated that it had submitted a briefing for its stakeholders outlining its plans for upcoming court filings and a summary of the bankruptcy […]

08 Jan 23

U.S. trustee objects to FTX’s plans of selling strategic assets

A United States trustee filed a legal objection on Saturday to stop FTX’s plans to liquidate some of its installations and critical assets, including a clearing house LedgerX and its subsidiaries in Japan and Europe. U.S. Trustee adds another court battle to FTX FTX is currently dealing with lawsuits after filing for Chapter 11 bankruptcy […]

Celsius Files Lawsuit Claiming KeyFi Stole Millions of Dollars in Crypto

05 Jan 23

Federal judge gives Celsius Network control of $4.2b in client assets

Chief Judge Martin Glenn of the United States Bankruptcy Court for the Southern District of New York, in a Jan. 4 ruling, said the $4.2 billion of assets that had been locked in Celsius Network LLC’s Earn program belongs to the now bankrupt lending platform, and not its clients. The judgment will have a massive […]

02 Jan 23

Hong Kong brokers prepare ground to trade digital assets

Financial services companies in Hong Kong are moving quickly to establish the basis for their retail clients to be allowed to trade digital assets in the upcoming months. Brokers and fund managers prepare for trading in virtual assets Last month, the Legislative Council approved an amendment to the anti-money laundering and counter-terrorist financing act. It […]

30 Dec 22

Bahamas controls FTX customer assets worth $3.5bn

Late Thursday, Dec.29, 2022, the Securities Commission of the Bahamas stated that it was holding more than $3.5 billion in FTX client assets. According to the official press release, the commission is temporarily holding the digital assets until the Bahamas Supreme Court orders it to return the funds to customers and creditors, or the liquidation […]