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17 Mar 23

SVB’s parent firm files for chapter 11 protection

A few days after its former business Silicon Valley Bank was taken over by U.S. authorities, SVB Financial Group said on March 17 that it had filed for a court-supervised restructuring under chapter 11 bankruptcy protection to seek purchasers for its assets. The decision to initiate bankruptcy procedures was made because emergency steps taken to […]

SEC Sparks Interest in Reopening the Ripple Case

21 Dec 22

Ripple, SEC files joint motion asking for more time in pending lawsuit

Per a tweet from James Filan on Tuesday, the Securities and Exchange Commission (SEC) and Ripple have asked for more time to submit their Daubert motions and supporting documentation. They claim that the forthcoming holidays and their lawyers’ busy schedules necessitate more time. An extension request has been filed by the SEC, and Ripple Both […]

20 Dec 22

BlockFi files motion in US for users to withdraw frozen crypto

Crypto Lending firm BlockFi has filed a motion requesting authorization from a United States bankruptcy court to enable its users to withdraw frozen crypto assets under their custody. BlockFi inching closer to enabling withdrawals In a motion filed on Dec 19 with the U.S. Bankruptcy Court for the District of New Jersey, the lender applied for permission […]