The legal team for U.S. Trustee Andrew Vara petitioned to have the U.S. District Court consider an appeal for a ruling on an independent examiner
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DOJ seeks to narrow Sam Bankman-Fried’s bail terms, use only flip phones
The proposal restricts Sam Bankman-Fried communication to a flip phone or other non-smartphone device with no internet access.
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Silvergate closes Exchange Network, releases $9.9M to BlockFi
The bank is discontinuing its crypto payment network, claiming the termination is a risk-based decision.
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FTX Debtors Report $8.9B Shortfall in Customer Funds and ‘Highly Commingled’ Assets in Latest Presentation
On March 2, 2023, FTX debtors released their second stakeholder presentation, which contains a preliminary analysis of the now-defunct cryptocurrency exchange’s shortfalls. The latest presentation
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FTX presentation shows ‘massive shortfall’ in firm’s assets
FTX and FTX US together have billions in deficits in their exchange wallets and fiat accounts, uncovered in a “huge effort” according to the exchange’s
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Binance US restructuring plan favored by 97% of Voyager customers
An overwhelming majority of Voyager account holders want Binance US to buy out the firm’s assets.
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