Lawyers Net Over $820M in High-Profile Bankruptcy Cases
Despite the surge in legal fees from cryptocurrency bankruptcy cases filed in 2022, the demand for bankruptcy lawyers in the crypto economy has grown significantly.
Voyager Digital Shows Intent with $474M Recovery Fund
Voyager’s restructuring plan proposed having its customers initially recover 35.7% of their claims in crypto or cash. That was in May 2023. By November, the crypto exchange eventually settled with the FTC for $1.65 billion in monetary relief.
US Judge Approves $1.65B Settlement between Voyager Digital and FTC
As part of the agreement, Voyager will be “permanently restrained and enjoined” from marketing or providing products or services related to digital assets.
Former Voyager CEO Slammed with Lawsuit from Each of CFTC and FTC Over Fraud
By Tolu Ajiboye
The FTC lawsuit accuses the former Voyager CEO of fraud and misleading users, while the CFTC said the firm and CEO took reckless risks.
Voyager Creditors Receive $5.1M Bill from Law Firm for March-May Services
By Tolu Ajiboye
McDermott Will & Emery has submitted a new bill of $5 million to Voyager creditors for the third interim, leading to a total over $16 million.
Gemini Allows Withdrawals for Voyager Customers Whose Funds Have Been Trapped since Bankruptcy
The 30-day window of opportunity opened on Sunday, June 25th, and would run till July 23rd.
New York Floats Bill to Allow Stablecoin Payments for Bail Bonds
With the stringent measures that appear to have been established against crypto in New York, the acceptance of stablecoins for bail bonds is a win.
Voyager $1B Deal with Binance.US Closer to Actualization Following Fed Agreement
By Tolu Ajiboye
Binance.US is reportedly closer to acquiring Voyager assets after the UCC secured a deal with the US federal government.
Binance in Partnership with Lee Woong-Yeol to Enter South Korean Market
By Sanaa Sharma
In a note to executives and employees at the time of his retirement, Lee also talked about the necessity of blockchain technology.
Plans of Binance Acquisition of Voyager in Full Swing
Crypto lender Voyager Digital announced bankruptcy last year in July.
Seoul Government Launches Metaverse City for Its Citizens
By Sanaa Sharma
More than 17% of the South Korean population is over sixty-five years old as of the data generated in 2022, and hence, providing vital information via the Metaverse seems to be a very natural course of action.
Trading Platform INX Digital Enters Race to Acquire Voyager Assets
INX joins Binance, CrossTower, and others looking to acquire Voyager’s assets.
Voyager Customers Could Recover 72% of Frozen Crypto under FTX Deal
By John K. Kumi
Voyager has also clarified that its customers would be transitioned onto the FTX platform after the completion of the deal.
Voyager Digital Files Proposed Order to Authorize Its Sale to FTX
FTX and the Voyager counsel have to come to a mutual agreement and allow customers to choose on how they want to receive funds.
Robinhood Taps USDC Issuer Circle to List Its First Stablecoin
Robinhood’s partnership with USDC comes at a time that stablecoins are subject to criticisms and intensified scrutiny.