FTX Creditors' Names Will Remain Under Wraps, Unlike Equity Holders'
A judge in the FTX bankruptcy case agreed to keep the names of the firms' creditors sealed for at least three more months.
Source: businessinsider.com
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SDNY Says Crypto In Celsius Accounts Does Not Belong To Customers
Cryptocurrency in Celsius’ Earn Accounts belongs to bankruptcy estate, not depositors who placed it there, according to January 4 opinion from Judge Martin Glenn of U.S. Bankruptcy Court in the SDNY. Decision is blow to individual customers who deposited crypto assets there.
Source: natlawreview.com
SDNY Bankruptcy Court Addresses Crypto Custodian Question
Whose crypto is it? With multiple cryptocurrency companies that have recently filed for bankruptcy, FTX, Voyager Digital, BlockFi, and more coming, that simple sounding question is taking on huge significance. Celsius Network bankruptcy case addresses question.
Source: natlawreview.com
Crypto exchange Coinbase to cut nearly 1,000 jobs
(Reuters) -Coinbase Global Inc said on Tuesday it will reduce its workforce by about 950 employees as part of a restructuring plan, in a third round o...
Shounak Dasgupta Manya Saini Saumyadeb Chakrabarty Coinbase Global Inc Celsius Network Three Arrows Capital
Source: wkzo.com
Crypto startup funding falls to lowest level in almost two years
Crypto startups are facing a harrowing time attracting private financiers after the collapse of the digital-asset exchange FTX. Venture capital investment in the industry plunged to its lowest level in almost two years during the fourth quarter of 2022, according to data from the research firm PitchBook.
Source: americanbanker.com
Core Scientific under investigation over securities fraud
Law firm Pomerantz said it was investigating claims that Core Scientific "widely oversold" its mining and hosting business.
Source: cryptoslate.com
CORZ ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of January 13, 2023 in the Class Action Filed on Behalf of Core Scientific, Inc. Shareholders
/PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Core Scientific, Inc. (NASDAQ: CORZ)...
Source: prnewswire.com
Crypto exchange Coinbase lays off another 20% of staff
Cryptocurrency exchange Coinbase Global Inc. said on Tuesday it will reduce its workforce by about 20 per cent, or 950 employees, which is the third round of major layoffs at the company in under a year.
Source: cbc.ca
Who Owns Digital Assets When A Cryptocurrency Platform Files Bankruptcy? The Terms Of Use Answer The Question - Fin Tech
In a decision of first impression regarding whether certain digital assets are property of a bankrupt debtor's estate (attached here), Chief Judge Martin Glenn of the United States Bankruptcy...
Source: mondaq.com
FINAL DEADLINE ALERT: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Core Scientific, Inc. Investors with Losses to Secure Counsel Before Important January 13 Deadline in Securities Class Action
/PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Core Scientific, Inc. (NASDAQ: CORZ) between...
Source: prnewswire.com