Delaware


Markets

VanEck Registers Avalanche ETF in Delaware as Altcoin Fund Registry Heats Up

The New York-headquartered company registered the "VanEck Avalanche ETF" on March 10

Avalanche Blockchain 'Bug' Wreaks Havoc on Digital Transactions

Policy

Three Arrows Capital Liquidators Now Sue Terraform Labs for $1.3B: Bloomberg

Earlier, in June 2023, the liquidators sought $1.3 billion from the founders of 3AC, Su Zhu and Kyle Davies.

Three arrows hit bullseye of a target (QuinceCreative/Pixabay)

Policy

BitGo’s $100M Suit Against Galaxy Digital Can Proceed, Delaware Supreme Court Rules

The Delaware Supreme Court’s ruling overturns a decision from a lower court to dismiss the lawsuit last year.

CEO of BitGo Mike Belshe in a chair on-stage at Consensus 2023

Policy

Terraform Labs Allowed to Hire Law Firm Dentons in Bankruptcy Case by U.S. Court: Reuters

Dentons agreed to send $48 million back to Terraform after objections from Terraform's creditors, the SEC, and the U.S. Justice Department.

Terraform Labs CEO Do Kwon on CoinDesk TV in December. (CoinDesk)

Finance

FTX Files Reorganization Plan to End Bankruptcy, Repay Creditors

Asset values for creditor claims will be calculated at prices on the day FTX filed for bankruptcy in November 2022, the plan says.

John J Ray III took over as FTX CEO in November 2022 (House Committee on Financial Services)

Videos

Fake BlackRock XRP Filing Reported to Delaware Department of Justice

Delaware's Department of Justice may be investigating a fake filing Monday that suggested asset management giant BlackRock was prepping the launch of a spot XRP exchange-traded fund (ETF). CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details.

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Policy

FTX Wants to Sell $744M Worth of Grayscale, Bitwise Assets

Apart from using an investment adviser, the debtors have proposed setting up a pricing committee in which all stakeholders are represented.

(CoinDesk)

Policy

FTX Bankruptcy Lawyers Ask Court for $323M Recovery From FTX Europe Leadership

Sam Bankman-Fried and the FTX Group had paid a total amount of approximately $323.5 million in return for the acquisition of Swiss Company DAAG which would ultimately come to be known as FTX Europe.

FTX founder Sam Bankman-Fried leaves federal court in New York after his arraignment and bail hearings on Dec. 22. (Michael M. Santiago/Getty Images)

Videos

U.S. Crypto Exchange Bittrex Files for Bankruptcy in Delaware

Crypto exchange Bittrex has filed for bankruptcy in the U.S. state of Delaware, months after announcing it would wind down operations in the country and weeks after being sued by the Securities and Exchange Commission (SEC). CoinDesk's Global Policy and Regulation Managing Editor Nikhilesh De breaks down the latest developments.

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Policy

Alameda to Be Repaid $53M Deltec Loan, Delaware Bankruptcy Court Rules

The 2021 payment to Tether's bank Deltec International was originally approved by FTX's Ryan Salame.

(Pixabay)

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