News with the tag "Voyager Digital"

High-profile bankruptcy cases have become a lucrative goldmine for two major law firms involved in the legal proceedings: Sullivan and Cromwell and Kirkland and Ellis.

An investigation into the law firm Sullivan & Cromwell LLP, which worked with the now-defunct crypto exchange FTX, revealed that the firm was neither involved in the fraud nor aware of the financial troubles that plagued the collapsed trading platform. Sullivan & Cromwell Cleared of Negligence in FT...

According to the terms of the deal, FTX will “relinquish any and all rights” to $450 million Voyager Digital has claimed from the crypto exchange.

About $450 million of the recovered funds originated from a settlement with FTX.

Investors of the defunct crypto lending platform Voyager Digital have sued NBA and New Jersey law firm for fraudulent investment The post Voyager Digital Investors Sues NBA, Law Firm, Here’s Why appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

A class action lawsuit has been filed against the National Basketball Association (NBA), accusing the league of gross negligence through its marketing agreements with the now-bankrupt crypto exchange Voyager Digital Holdings, leading to investor losses of over $4.2 billion. NBA Hit With Class Action...

The U.S. National Basketball Association has been hit with a class action lawsuit relating to a marketing deal it had with defunct crypto exchange Voyager Digital.

The NBA has been sued for approving the deal between Dallas Mavericks and bankrupt crypto lending firm Voyager Digital. The post NBA has been Sued for Promoting Voyager Digital: Details appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

The settlement between the crypto lending firm and FTC was first announced in October and does not resolve former CEO Stephen Ehrlich’s pending case with the CFTC.

The native token [VGX] of bankrupt crypto brokerage firm Voyager Digital surged by 19% on Friday after on-chain data revealed that a Voyager wallet sent 52 million tokens ($7.3 million) to a burn address.