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Celsius wants to extend the deadline for claims as lawyer fees mount

Author: Cointelegraph By Luke Huigsloot

Source: Cointelegraph.com News

Dec 29, 2022 08:20

Celsius wants to extend the deadline for claims as lawyer fees mount

Administrative expenses from the bankruptcy proceedings have already topped $53 million, and continued delays are chipping away at Celsius’ estate.

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FTX was the "fastest" company collapse in American history, says U.S. Trustee.

The US Trustee overseeing FTX's bankruptcy proceedings has requested an independent investigation into its demise. In a Dec. 1 motion, U.S. Trustee called the defunct exchange the "fastest large business collapse in American history". An independent examiner has been requested by the Department of Justice. Independent examiners are usually called in when creditors want them or when unsecured debts surpass $5 million. Trustee Andrew Vara said debtors "suffered an almost unparalleled fall in value" over eight days in November. The U.S. Attorney's Office for the Southern District of New York and Securities and Exchange Commission have allegedly submitted many requests to investors. (Read More)

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Celsius bankruptcy case Trustee slams $3M employee bonus motion

Author: Cointelegraph By Luke Huigsloot

United States

Source: Cointelegraph.com News

Oct 28, 2022 08:20

Celsius bankruptcy case Trustee slams $3M employee bonus motion

The Trustee has objected to the retention bonus, citing a lack of sufficient information within the motion to warrant such a high payout and a lack of clarity around whether any recipients should be considered insiders.

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Celsius bankruptcy judge gives the nod for independent examiner probe

Author: Cointelegraph By Luke Huigsloot

United States

Source: Cointelegraph.com News

Sep 15, 2022 08:20

Celsius bankruptcy judge gives the nod for independent examiner probe

Following a motion in August, U.S. Bankruptcy Judge Martin Glenn has signed off on a request to appoint an examiner in the Celsius case.

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US officials appeal protections for Voyager execs in Binance.US sale

Author: Cointelegraph By Luke Huigsloot

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