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Category Bankruptcy

MainNewsBankruptcy

US court issues final judgement against Terraform Labs, Do Kwon, imposes $4.5 billion in fines

US court issues final judgement against Terraform Labs, Do Kwon, imposes $4.5 billion in fines

The US District Court for the Southern District of New York has issued a final judgment against Terraform Labs and its co-founder Do Kwon, in the h...
Jun, 12, 2024
2 min read
by CryptoSlate
New probe sought into Sullivan&Cromwell’s role in FTX collapse

New probe sought into Sullivan&Cromwell’s role in FTX collapse

FTX examiner Robert J. Cleary has sought court approval to further investigate the role of law firm Sullivan & Cromwell LLP (S&C) and other matters...
Jun, 11, 2024
2 min read
by CryptoSlate
FTX creditor group files objection against bankruptcy reorganization plan

FTX creditor group files objection against bankruptcy reorganization plan

A group of FTX creditors led by Sunil Kavuri objected to the reorganization plan filed by the defunct exchange’s bankruptcy managers. According to ...
Jun, 06, 2024
2 min read
by CryptoSlate
FTX Reaches Settlement With IRS on $24 Billion Tax Claim

FTX Reaches Settlement With IRS on $24 Billion Tax Claim

Crypto exchange FTX has reached a settlement with the Internal Revenue Service (IRS), reducing its $24 billion claim to $200 million to be paid wit...
Jun, 04, 2024
by Bitcoin News
FTX settles $24 billion IRS claim for fraction to prioritize customer repayments

FTX settles $24 billion IRS claim for fraction to prioritize customer repayments

Defunct crypto exchange FTX has agreed to settle the Internal Revenue Service (IRS) substantial $24 billion tax claim for a significantly lower amo...
Jun, 04, 2024
1 min read
by CryptoSlate