Genesis Capital Faces Setback as Creditors Renounce Old Claims
Genesis Capital's creditors have recently made new demands, renouncing previous agreements and claims in the bankruptcy court. This has resulted in the delay of executing the court-approved damages plan, which would have provided the injured party with compensation equal to 80% of the lost funds. ...
Binance’s Takeover of Voyager Digital Gets US Government Approval
As per Voyager's recent announcement, an agreement has been reached between the Unsecured Creditors Committee, the US government, and Binance, which will allow the US division of Binance to proceed with its acquisition of Voyager. The Voyager Digital Unsecured Creditors Committee has informed its ...
Eversheds Sutherland Files Bankruptcy Court Request to Protect Foreign FTX Users’ Assets
Eversheds Sutherland, a law firm, has taken legal action to safeguard the interests of foreign clients of the bankrupt FTX exchange. The firm has filed a request in a bankruptcy court to freeze assets that were previously frozen in the accounts of these clients. The objective is to separate the f ...