FTX Transferred $7.7B from Bahamian Estate to US Units Ahead of Bankruptcy Filing, Court Told
Representatives for FTX said whether assets belong in the Bahamian estate or in the U.S. estate remain open issues. Original Source
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Court
Tether's Attempt to Block CoinDesk's Request for Stablecoin Reserve Records Dismissed by New York Court
A New York judge on Friday rejected an attempt by iFinex and related companies, which include include cryptocurrency exchange Bitfinex and stablecoin issuer Tether, to block CryptoX's request for information about the financial reserves backing the USDT token. Source
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IRS Seeks Court Approval to Identify Kraken Crypto Customers
The Internal Revenue Service has filed a court document seeking permission to enforce a summons for information against Kraken and its subsidiaries. Source
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Craig Wright Loses Bitcoin Copyright Claim in UK Court
Wright, who says he wrote the 2008 Bitcoin white paper under the pseudonym Satoshi Nakomoto, had sought to argue he should be able to block the operation of Bitcoin and the system that forked from it, Bitcoin Cash, because they breach his intellectual property rights. Source
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FTX debtors can issue subpoenas to company ‘insiders’, says court
The judge overseeing crypto exchange FTX’s bankruptcy case has granted a motion allowing the firm’s debtors to request subpoenas for information and documents from former colleagues and family members of Sam Bankman-Fried.In a Feb. 8 filing, Judge John Dorsey said FTX debtors were authorized under bankruptcy court rules to issue
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Will the SEC Convince a Court It’s Right to Label These Tokens as Securities?
“The tokens’ value is driven by market forces, not managerial efforts – as evidenced by the fact that the tokens are almost all functional (i.e., they can operate without any centralized intermediary) and that each experiences wide price fluctuations, regardless of the status of the underlying platform,” according to the
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Three Arrows’ Founder Refused to Comply With Subpoena, Stonewalling Probe, Court Told
Davies and co-founder Su Zhu “have refused to meaningfully engage,” said a filing on behalf of Russell Crumpler and Christopher Farmer, who now represent the bankrupt company. Davies and Zhu “have made only selective and piecemeal disclosures” and “refusal to cooperate violates their duties owed to Three Arrows,” it added. Source
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Independent FTX Examiner Could Cost $100 Million, Court Told
“We do not have enough money to pay back all of our creditors and the U.S. Trustee … says that we should spend tens or even hundreds of millions of dollars” on a report, James Bromley of FTX’s law firm Sullivan & Cromwell said. There is “no evidence that any
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Sam Bankman-Fried Negotiating Bail Conditions: Court Filing
“The parties would like to continue these discussions, which we are optimistic will lead to an agreement between the parties in the next few days and eliminate the need for further litigation,” Bankman-Fried’s counsel, Mark Cohen, wrote in a letter to the court filed Feb. 2. Source
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Alleged Mango Markets exploiter waives bail during hearing in federal court
Lawyers representing a crypto user allegedly behind a $116-million exploit of decentralized exchange Mango Markets have consented to detention in the criminal case involving commodities fraud, commodities market manipulation and wire fraud.According to accounts of social media users present on Feb. 2, Mango Markets user Avraham Eisenberg’s legal team waived
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