Defense Strategies for Filers in Crypto Ch. 11 Litigation – Law360

1 minute read

By Deborah Kovsky-Apap (August 22, 2022, 5:58 PM EDT) – As several cryptocurrency Chapter 11 bankruptcy cases begin to gain momentum, cryptocurrency depositors on bankrupt exchanges have many questions.

How many haircuts will I have to take? If the cryptocurrencies recover, is the amount of my claim still frozen on the date of the request? Will I get any of my coins back, or just a pro rata distribution in fiat currency?

Over the next two years,[1] they might well ask another question: are you kidding me? Because they have just received letters of formal notice from the debtor’s liquidation trustee,[2] informing them that the value of cryptocurrency…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and more!

TRY LAW360 FREE FOR SEVEN DAYS

#Defense #Strategies #Filers #Crypto #Litigation #Law360 #crypto strategy

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Stay one step ahead

Related Articles

FinanceFeeds Podcast Ep. #6: Gold-i’s Tom Higgins talks about the effectiveness of Crypto Switch’s effects and inner workings

How Credit Suisse plans to raise $4 billion

Large hedge funds have outperformed this year. So what?

JPMorgan CEO Says Rates Could Hit 6%, Bitcoin Is ‘A Fashionable Fraud’