Examiner
Celsius wants to extend the deadline for claims as lawyer fees mount
Bankrupt crypto lender Celsius Network is planning to file a motion that would extend the deadline for users to submit their claims by another month. The crypto community has started to grow impatient, noting that Celsius’ lawyer fees have continued to stack up and are eating away at the lender’s estate. In a Dec. 29 tweet, Celsius announced that it would seek to extend the current deadline for claims from Jan. 3 to early February. The bankruptcy court is set to hear the motion on Jan. 10, and according to Celsius, the Jan. 3 deadline will be extended until at least then. Celsius is preparing to file a motion later this week requesting an extension of the bar date, which is the deadline to file a claim, from January 3, 2023, until early February. — Celsius (@CelsiusNetwork) Dec...
FTX was the ‘fastest’ corporate failure in US history — Trustee calls for probe
The United States Trustee handling FTX’s bankruptcy proceedings has referred to the now-defunct exchange as the “fastest big corporate failure in American history,” and is calling for an independent probe to look into its downfall. In a Dec. 1 motion, U.S. Trustee Andrew Vara noted that over the course of eight days in November, debtors “suffered a virtually unprecedented decline in value” from a market high of $32 billion earlier in the year to a severe liquidity crisis after a “proverbial ‘run on the bank.'” “The result is what is likely the fastest big corporate failure in American history, resulting in these “free fall” bankruptcy cases.” Vara has called for an independent examination of FTX, stating it was “especia...
Judge postpones trial for three ex-cops in George Floyd case – reports
A judge postponed the trial of three former Minneapolis policemen accused of taking part in the murder of George Floyd to March 2022 after they said that prosecutors leaked prejudicial information about the case, online court records showed. Tou Thao, 25, J. Alexander Kueng, 27, and Thomas Lane, 28, all fired and arrested days after Floyd was killed on May 25, have been charged with aiding and abetting the second-degree murder and second-degree manslaughter of Floyd. Former Minneapolis policeman Derek Chauvin was convicted on April 20 of murdering Floyd, 46, by kneeling on his neck for more than nine minutes, in a case that marked a milestone in America’s fraught racial history and a rebuke of law enforcement’s treatment of Black Americans. The death, captured on cellphone video, led to pr...
