Category: UCC

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FTX Modifies Settlement Motion After US Trustee Objection in Bankruptcy Case – What’s Going On?

August 22, 2023

Bankrupt crypto exchange FTX submitted a “Reply” on Sunday, August 20, to back its Settlement Plan and address the US Trustee’s objection to the Motion. On August 16, FTX Trading and its associated debtors submitted a court filing titled “Motion of Debtors for an Order Authorizing Procedures for Settling Certain Existing and Future Litigation Claims…
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Examiner Appointed to Celsius Bankruptcy Case, Crypto Lender Files for Access to $23M in Stablecoins

September 17, 2022

According to a recently leaked recording stemming from the bankrupt crypto lender Celsius, the business is attempting to revive the company after falling into a financial burden. Following the leak, a Southern District of New York bankruptcy judge appointed a third-party examiner to review the company’s finances. Celsius is also attempting to sell a stash…
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