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Customers of insolvent crypto lender Voyager Digital reaped a minor win in court Thursday morning with a U.S. Bankruptcy Judge approving Voyager’s motion to give customers back $270 million in ...
Customers of bankrupt crypto firms Celsius and Voyager detailed stories of distress in letters to a bankruptcy court. 'I have been in shock': Court letters reveal financial distress after Celsius ...
Celsius owes $4.7 billion to its customers and is facing a hole of $1.2 billion between reported assets and outstanding liabilities, its latest bankruptcy presentation showed. Earlier this month ...
A major investor in Voyager said that the collapse of FTX puts into jeopardy the company's bailout, with $1.3 billion of investor assets threatened. [10] Following the bankruptcy of FTX, the US subsidiary of Binance won the bid to buy the assets of Voyager for approximately $1 billion in December 2022. [11]
[3] [4] [5] The company borrowed billions of dollars to fund its trading, and according to July 2022 bankruptcy filings, faces $3.5 billion in creditors' claims. [ 6 ] [ 7 ] The fund appears to have lost in excess of $3 billion over 2021 and 2022, making its collapse one of the largest hedge-fund trading losses of all time.
PACER (acronym for Public Access to Court Electronic Records) is an electronic public access service for United States federal court documents. It allows authorized users to obtain case and docket information from the United States district courts, United States courts of appeals, and United States bankruptcy courts.
Voyager made a similar argument, telling a bankruptcy judge that it considered its customers’ crypto as pooled assets that it could use on the customer’s behalf, and that those assets should ...
He previously filed for bankruptcy in 2009 and 2010, but the cases were dismissed. [267] Drake Bell: American actor Chapter 7 [269] 2013 [269] Asset of $1,585,500 [269] against debt of $2,166,000. [269] Calum Best: British-American model IA 1986 [270] 2013 [171] [270] He was made bankrupt by the HMRC over unpaid taxes. [171] [270] Kelly ...