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Police & Regulations
Genesis Ownership Restriction Upheld During Bankruptcy Proceedings, Decides Judge
Genesis, a cryptocurrency lender, takes legal action to protect $700 million in tax benefits during bankruptcy. Court bars DCG from altering ownership until Chapter 11 concludes, crucial for reorganization
HANZO
Dec 21, 2023 at 01:09 pm
Latest News
Galaxy Digital's Ongoing Crypto Asset Acquisition Strategy: Expanding Portfolio Beyond FTX's Coin Sale Deal
Under Mike Novogratz's leadership, Galaxy Digital actively pursues distressed crypto assets, marked by a successful FTX deal, propelling assets to $5.3B. Strategic moves include court-approved liquidation and ventures with Invesco and DWS
HANZO
Dec 19, 2023 at 12:40 pm
Police & Regulations
FTX Submits Restructuring Proposal to Exit Bankruptcy and Settle Debts with Creditors
FTX's bankruptcy resolution unfolds as a new proposal prioritizes valuing creditor claims based on asset prices from November 2022. Aiming for equitable distribution, challenges expected in court
HANZO
Dec 19, 2023 at 12:14 pm
Police & Regulations
Crypto Turmoil: SafeMoon's Chapter 7 Bankruptcy Filing Sparks 42% SFM Plummet
Executives of a cryptocurrency company face legal turmoil as SafeMoon officially files for Chapter 7 bankruptcy amidst criminal charges, triggering a 42% decline in SFM cryptocurrency
HANZO
Dec 16, 2023 at 10:02 am
Latest News
Solana Surge Ignites FTX's Holdings, Soaring to $4.2B and Sparking Market Enthusiasm
FTX's SOL holdings skyrocket to $4.2B, driven by Solana's impressive rally to $78. The surge fuels demand for bankruptcy claims, attracting distressed crypto firms and intensifying market competition
HANZO
Dec 16, 2023 at 07:24 am
Police & Regulations
FTX Challenges IRS with 'Tax Wonderland Showdown'
FTX, in the throes of legal turmoil, vehemently opposes the U.S. government's pursuit of $24 billion in alleged unpaid taxes, accusing the IRS of a dubious financial extraction from victims
HANZO
Dec 13, 2023 at 06:07 am

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