Voyager, which is currently undergoing bankruptcy proceedings in the U.S. Bankruptcy Court for the Southern District of New York, asked a federal judge to approve $1.9 million of its funds for a “Key Employee Retention Plan” (KERP), meaning bonuses to 38 employees that the company claimed were vital to its continued operation and restructuring. On Friday, the Official Committee of Unsecured Creditors – a group of Voyager customers – objected, saying Voyager’s employees are “already well-compensated,” and arguing that the company has otherwise done little to reduce costs.
CFTC Chair Rostin Behnam to leave agency, calls for the need to fill the crypto regulatory gap
Behnam’s last day at the Commission will be February 7 The CFTC obtained a $12.7 billion judgment against the now-defunct...
