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Kleinberg Kaplan’s Matthew Gold Quoted in The Block Article on FTX’s Bankruptcy Lawyers

Kleinberg Kaplan partner Matthew Gold was recently quoted in The Block article, “The Pulse: The world is moving beyond Sam Bankman-Fried.” This second edition in a weekly series by The Block’s Editor-In-Chief covers topics including Sam Bankman-Fried’s sentence, FTX’s efforts to sell locked Solana tokens, and emerging Bitcoin ETFs in Hong Kong. On the topic…

Firm News | April 4, 2024 | Creditors’ Rights and Bankruptcy Litigation | Digital Assets and Cryptocurrency

Examination Day: Third Circuit Orders Appointment of Examiner for FTX

A recent decision by the Third Circuit Court of Appeals has reversed a Delaware bankruptcy court decision and directed the appointment of an examiner over the objection of the debtors and the official committee of unsecured creditors. The decision, In re FTX Trading Ltd., will provide a public accounting of the implosion of FTX, gives…

Client Alerts | January 29, 2024 | Creditors’ Rights and Bankruptcy Litigation | Digital Assets and Cryptocurrency

Kleinberg Kaplan’s Dov Kleiner quoted in The Wall Street Journal on FTX’s legal pursuit to recover billions post-bankruptcy

Kleinberg Kaplan partner Dov Kleiner was quoted in an article in The Wall Street Journal titled, “FTX Says It Is Owed Billions. It Has Filed About a Dozen Lawsuits to Realize Its Claims.” The article covers FTX’s bankruptcy saga, with their massive effort to retrieve $16.6 billion through a series of 10 lawsuits. In the…

Firm News | January 4, 2024 | Creditors’ Rights and Bankruptcy Litigation | Digital Assets and Cryptocurrency

Kleinberg Kaplan’s Dov Kleiner quoted in The Wall Street Journal on crypto bankruptcies

Kleinberg Kaplan partner Dov Kleiner was quoted in an article in The Wall Street Journal titled, “FTX Marks a Year in Bankruptcy. What We’ve Learned From Crypto Restructurings.” The article covers the distinct features of crypto bankruptcies, including the treatment of crypto assets, the potential for customers to become new owners, notable fraud cases, and…

Firm News | November 13, 2023 | Digital Assets and Cryptocurrency

Kleinberg Kaplan’s Jared Gianatasio quoted in Blockworks on Amazon’s investment in Anthropic

Kleinberg Kaplan partner Jared Gianatasio was recently quoted in an article in Blockworks titled, “Is Amazon’s investment in Anthropic a win for FTX creditors?” The article discusses Amazon’s substantial investment of up to $4 billion in Anthropic, a company associated with the troubled FTX exchange, and explores how this move could potentially benefit FTX creditors. Gianatasio shares that Amazon’s…

Firm News | September 28, 2023 | Digital Assets and Cryptocurrency | Creditors’ Rights and Bankruptcy Litigation

Kleinberg Kaplan’s Jared Gianatasio quoted in Bloomberg Law on the SEC’s Lawsuits against Binance and Coinbase

Kleinberg Kaplan partner Jared Gianatasio was quoted in Bloomberg Law article, “Lawyers Cash In on Binance, Coinbase ‘Ultimate Fight’ With SEC.” The article covers the legal teams representing both Binance and Coinbase and what lies ahead for the firms and crypto industry at-large as the alleged securities law violations are addressed. In the article, Jared…

Firm News | June 15, 2023 | Digital Assets and Cryptocurrency

Kleinberg Kaplan’s Matthew Gold quoted in Blockworks on the viability of an FTX reboot

Kleinberg Kaplan partner Matthew Gold was recently quoted in an article in Blockworks titled, “What an FTX Reboot Could Look Like — And Is It Even Viable?” The article covers how realistic it is for FTX to reboot after the company’s new CEO, John J. Ray III, said he was looking into restarting the exchange. Matt addresses the issues that…

Firm News | May 25, 2023 | Creditors’ Rights and Bankruptcy Litigation | Digital Assets and Cryptocurrency

NFA Adopts Compliance Rule for Spot Digital Asset Commodity Activity

On March 29, 2023, the National Futures Association (“NFA”) announced the adoption of Compliance Rule 2-51: Requirements for Members and Associates Engaged in Activities Involving Digital Asset Commodities (the “New Rule”),1 which will implement anti-fraud, trading, and supervisory requirements for member firms, including firms registered with the Commodity Futures Trading Commission as commodity pool operators…

Client Alerts | April 3, 2023 | Digital Assets and Cryptocurrency | Hedge Funds | Private Equity Funds

Kleinberg Kaplan’s Dov Kleiner spoke with CoinDesk on SVB’s ongoing Bankruptcy

Kleinberg Kaplan partner Dov Kleiner recently spoke with CoinDesk on their live TV series, “First Mover” and was quoted in the corresponding article, “SVB Financial’s First Bankruptcy Hearing ‘Wasn’t Really So Routine,’ Says Legal Expert.” In his interview, Dov discussed the latest following the first bankruptcy hearing with SVB Financial (parent company of Silicon Valley…

Firm News | March 27, 2023 | Creditors’ Rights and Bankruptcy Litigation | Digital Assets and Cryptocurrency

Kleinberg Kaplan’s Dov Kleiner quoted in The Wall Street Journal on FTX’s Efforts to Recoup Charitable Donations

Kleinberg Kaplan partner Dov Kleiner was recently quoted in an article in The Wall Street Journal titled “FTX Seeks to Recoup Sam Bankman-Fried’s Charitable Donations.” The article covers the efforts – and related complexities – of FTX’s new management to “claw back” donations made by Sam Bankman-Fried and other FTX executives, as well as by…

Firm News | January 10, 2023 | Digital Assets and Cryptocurrency