Two law firms made over $200M from FTX, Celsius, and other crypto busts
Major law firms Sullivan & Cromwell and Kirkland & Ellis made $110 million and $101 million in fees respectively from crypto firm implosions.
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Major law firms Sullivan & Cromwell and Kirkland & Ellis made $110 million and $101 million in fees respectively from crypto firm implosions.
Read more (2 min) →— Binance.US, DoJ
The DoJ’s appeal against Voyager’s bankruptcy plan could confirm rumors that Binance US is under criminal investigation, just like Binance.
Crypto lender Voyager Digital’s $1B deal with Binance could finalize as early as April 18. Users voted to accept an asset transfer to Binance.
A court filing details how Sam Bankman-Fried's company has been ordered to hand over 6,500 bitcoins and 50,000 ether by the end of September.
The Official Committee of Unsecured Creditors of Voyager Digital says it “vehemently opposes” plans to pay workers to not seek new jobs.
— Crypto, Mark Cuban
Billionaire Mark Cuban has been sued for allegedly misleading investors through shilling Voyager's unregistered securities.
Court documents suggest Alameda Research initially took out a $1.6 billion loan with Voyager Digital before it filed for bankruptcy.
The offer from FTX in July was branded “a low ball bid” that could “create chaos” in the firm’s ongoing bankruptcy proceedings.
Voyager’s legal team argued that it would be difficult to find a new credit provider due to the uncertainty surrounding the company's future.
Customers are considering filing fraud claims with their bank over Voyager and its chief Stephen Ehrlich's false insurance advertising.