The debtors behind bankrupt cryptocurrency mining firm Core Scientific filed a motion for the approval of hiring a permanent president.

Bankruptcy claims trading market Xclaim has closed a $7 million Series A funding round. Xclaim allows for the trading of major bankruptcy creditor claims, including FTX, Genesis and BlockFi. The company has listed over $1 billion of claims and traded over $200 million in volume since it started operations in 2018, with 500 registered investors on the platform. Xclaim intends to use the capital from the funding round to expand its product and service offerings and to innovate Collateralized Claim Obligations. Xclaim has also created commoditized products from bespoke assets, which will open up the market to many more participants.

Saudi Arabian wealth fund Sanabil now discloses its investments across the venture capital space, and many of them are into crypto.

Voyager, a bankrupt crypto lender, and its creditors could lose $100 million if legal objections by the US government are not resolved by April 13, according to legal documents filed on Monday. Voyager is taking legal action to allow a $1 billion purchase by Binance.US to go ahead, fearing that ongoing contractual drafting quibbles could see the exchange pull out. Under the terms of the deal, Binance.US can back out if it isn't closed within four months. Lawyers for the US government have protested that the detailed terms of the contract would absolve the company from breaches of tax or securities law.

A US District Judge has halted the acquisition of bankrupt crypto lender Voyager Digital by Binance.US pending a government appeal. While a previous judge had allowed the acquisition to proceed despite the government's opposition, the latest ruling from Judge Jennifer Rearden requires the two firms to wait for the government to prepare and file its appeal. A court filing in the case showed that 97% of Voyager Digital's account holders supported the acquisition by Binance, but various US regulators have expressed opposition to the deal, including the Securities and Exchange Commission. Voyager Digital filed for Chapter 11 bankruptcy in July 2021, and Binance agreed to acquire the bankrupt crypto lender in a deal valued at $1 billion.

Bankrupt crypto lender Voyager has received up to $610 million worth of USDC in two separate addresses in the past month, as part of its selloff campaign involving multiple assets, including Shiba Inu (SHIB), Ether (ETH), and Voyager Token (VGX). Voyager’s primary address also transferred $150 million worth of USDC tokens to Circle in exchange for cash. Despite the green light given to Binance.US by Judge Michael Wiles earlier this month to move Voyager's assets in a $1.3 billion acquisition deal, the government has filed multiple appeals against the deal, temporarily putting it on hold. Voyager still holds 3.1 trillion Shiba Inu tokens and 39,113 Ethereum.

A Delaware bankruptcy judge has approved the $45 million sale of FTX’s assets in Sequoia Capital Fund to the investment arm of Abu Dhabi, a Tuesday court filing shows.

Cryptocurrency lending platform BlockFi has agreed to provide over $100,000 in refunds to Californian customers affected by the company's collapse. BlockFi filed for bankruptcy protection in November 2022, following severe turbulence caused by the Terra crash and the FTX meltdown. The Department of Financial Protection and Innovation has announced that BlockFi will reimburse Californian users who were not notified about the lender's issues and kept repaying their loans, despite being unable to withdraw funds and collateral from the platform. A hearing scheduled for mid-April will provide further details on the case.

Voyager's efforts to sell its assets to Binance US have been put on hold by a federal judge following the US government's filing for an emergency stay. District Judge Jennifer Rearden of the US District Court for the Southern District of New York granted the US Department of Justice's application for a stay pending an appeal of the sale, which was previously approved by a bankruptcy judge.

Due to a landmark decision by Justice Martin Glenn, the courts have ruled that Celsius customers can receive up to 72.5% of their deposited crypto back, although the refund would not be instant in all cases.