News & Analysis as of

Chapter 11 Managed Custody Accounts (MCAs)

Seward & Kissel LLP

FTX Scratch and Claw(back), J&J Didn’t Call Banc, SVBF vs. FDIC, and Custody Battle

Seward & Kissel LLP on

FTX seeks to claw back $460M from Bankman-Fried-backed VC firm | Cointelegraph - FTX is looking to recover $460M from venture capital firm Modulo Capital, which had received the investment from FTX’s sister trading firm...more

Polsinelli

Celsius Update: October 2022

Polsinelli on

As Celsius Network LLC, et al., Case Number: 22-10964 (MG), proceeds in the Bankruptcy Court for the Southern District of New York (the “Court”) over the last month there have been a number of important updates in the case....more

Jones Day

Kiwi Defense Doesn't Get Off the Ground in Preference Litigation Involving Related, but Severable, Contracts

Jones Day on

Among the required elements of a claim to avoid a preferential transfer under section 547(b) of the Bankruptcy Code is that, if the creditor-transferee were permitted to retain a pre-bankruptcy payment, it would end up being...more

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