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Kyle Davies, co-founder of bankrupt crypto hedge fund Three Arrows Capital (3AC), has been ordered to answer the subpoena issued to him in Januaryor risk being held in contempt of court.The Jan. 5 subpoena was issued to Davies via Twitter by a New York bankruptcy court, instructing Davies to provide
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A bankruptcy judge overseeing the bankruptcy case for crypto lending platform Celsius Network has approved a settlement plan allowing custody account holders to get back 72.5% of their crypto holdings.In a March 21 hearing, United States Bankruptcy Judge Martin Glenn signed off on an agreement allowing Celsius custody account holders
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However, as of May 2022, after "it became clear that the [two west Texas] facilities would not receive the anticipated power load," Core Scientific stopped making various payments to Priority Power Management, Bros said. Neither firm immediately replied to CryptoX's request for comment as to why the power was not
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“I was having dinner with a developer friend and he mentioned ‘taro,’” said Lightning Labs CEO and co-founder Elizabeth Stark in a declaration in the case. “I knew that taro is a common ingredient used in Latin American, Southeast Asian,and African cuisines, which were three key regions for the growth
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The District Court of the Southern District of New York declined the United States government’s reasonings for halting the acquisition of bankrupt brokerage company Voyager by Binance.US. According to Judge Michael Wiles, any protractions with the deal will harm the interests of Voyager’s former clients, who are waiting to return
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A New York court denied the government’s request to halt the $1 billion deal, saying delay would harm customers. Source
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On Mar 10, Reuters reported that the U.S. District Judge Lewis Kaplan has expressed concerns over the proposed bail conditions for former FTX cryptocurrency exchange founder Sam Bankman-Fried. Judge still thinks proposed Bankman-Fried bail conditions too lenient https://t.co/qsfFqJ8Nlt pic.twitter.com/tLhMKMrRax— Reuters (@Reuters) March 10, 2023 As previously reported by Cryptox on March 4,
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A federal judge in Florida, United States, is considering dismissing NBA superstar Shaquille O'Neal and tennis athlete Naomi Osaka from the FTX lawsuit, pointing out that it's unclear whether the two have been served. In a paperless order, U.S. District Judge K. Michael Moore reportedly told the plaintiffs to provide cause
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A federal judge has refused to consolidate a number of proposed class-action lawsuits against the FTX exchange by investors. According to the judge, the exchange and its defendants have not yet been heard on the matter. Excerpt from the order denying the motion to consolidate. Source: Law360On March 8, United States
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Enough progress has been made to suggest the plan to set up a new recovery corporation should be the only one on the table, Martin Glenn said Source
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