Victorian Court delivers judgment in FTX administration

The FTX Group, an international cryptocurrency exchange platform, spectacularly collapsed in November 2022, resulting in FTX Trading Limited and 101 affiliated companies filing for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court in Delaware. The Australian arm of the FTX group, FTX Australia Pty Ltd (‘FTX Aust’) and FTX Express Pty Ltd (‘FTX Express’) (collectively the ‘Companies’) was placed into administration in Australia shortly before the Chapter 11 filing.

Filed under:
Australia, Insolvency & Restructuring, Litigation, Piper Alderman, Cryptocurrency, FTX, Corporations Act 2001 (Australia)
Authors:
Joanne Hardwick , Michael Bacina , Steven Pettigrove , Stephen Kyrou
Location:
Australia
Firm:
Piper Alderman
Blockchain Bites: Celsius creditors feeling the heat over preference claims, A bridge too far? Cross-chain bridges under MiCA, US State Legislatures bizarrely seek to “ban” Central Bank Digital Currencies, Coinbase and SEC in legal stoush over Securities Law but agree Tokens aren’t themselves securities

Celsius creditors feeling the heat over preference claims

Filed under:
European Union, USA, Banking, Insolvency & Restructuring, IT & Data Protection, Litigation, Piper Alderman, Blockchain, Bitcoin, Mediation, Cryptocurrency, Central bank digital currency, Ethereum, US Securities and Exchange Commission, International Organization of Securities Commissions, European Securities and Markets Authority, Uniform Commercial Code (USA)
Authors:
Michael Bacina , Steven Pettigrove , Tim Masters , Jake Huang , Luke Higgins , Luke Misthos
Location:
European Union, USA
Firm:
Piper Alderman
Hong Kong court recognises that crypto is property

The Hong Kong High Court has found that cryptocurrencies are property in a landmark case, further boosting the city’s virtual asset industry and its ambition to become the Asian crypto hub.

Filed under:
Australia, Hong Kong, Banking, Insolvency & Restructuring, IT & Data Protection, Litigation, Piper Alderman, Blockchain, Cryptocurrency, Ethereum, US Securities and Exchange Commission, FTX
Authors:
Michael Bacina , Steven Pettigrove , Jake Huang
Location:
Australia, Hong Kong
Firm:
Piper Alderman