Report by Lule Furler, as the Interim Liquidator of City Credit Investment Bank Limited, of Labuan, for the period from October 16th, 2023 to April 15th, 2024.
Complaint alleging "deceptive advertising and misinformation" that "posed a risk to public health and safety" in USA v. Razer Inc., of the Cayman Islands; Razer (Asia-Pacific) Pte. Ltd., of Singapore, Razer USA Ltd., and Razer Health Pte. Ltd., of Singapore, at the U.S. District Court for the Central District of California.
Complaint alleging fraud in Translarity Inc. v. Grand Junction Semiconductor Pte Ltd., of Singapore; ZiFund, of China; Alpha Wealth Global Limited, of the British Virgin Islands; Pacific Gate Advisors LLC, Robert Marassa, and Huan Wang at the U.S. District Court for the Northern District of California.
Amended Complaint alleging fraud involving "the sale of securities owned by Defendant in Steem Monsters, Corp." in BFF II Pte Ltd., of Singapore, and Side Door Ventures LP v. Matthew Rosen at the U.S. District Court for the Eastern District of Pennsylvania.
Complaint in U.S. Commodity Futures Trading Commission v. Mek Global Limited, of the Seychelles; PhoenixFin PTE. Ltd., of Singapore; Flashdot Limited, of the Cayman Islands, and Peken Global Limited, of the Seychelles, "collectively doing business as a centralized digital asset exchange under the name 'KuCoin'", at the U.S. District Court for the Southern District of New York.
Complaint alleging fraud involving "the sale of securities owned by Rosen in Steem Monsters, Corp." in BFF II Pte Ltd., of Singapore, and Side Door Ventures LP v. Matthew Rosen and Blair Jesse Reich at the U.S. District Court for the Eastern District of Pennsylvania.
Petition for Court Supervision of a Voluntary Liquidation in the matter of Fat Projects Acquisition Corp. (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.
Fixed Date Claim Form regarding Marina Bay Samudera Limited in Selfridges, of Singapore v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
Second Amended Complaint in Higround Co. Ltd., of South Korea, and Higround Pte. Ltd., of Singapore v. Henry Han-Woong Lee, described as a U.S. citizen residing in New York, USA; Genesis Digital Assets Pte. Ltd., of Singapore; Genesis Group Partners LLC, Neon Partners LLC, and Genesis-Neon Group LLC at the U.S. District Court for the Southern District of New York.
Three Arrows Fund - the offshore feeder fund for British Virgin Islands-domiciled, Singapore-based failed crypto hedge fund Three Arrows Capital - has applied for Chapter 15 bankruptcy recognition in New York.
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the British Virgin Islands by Paul Pretlove, James Drury, and David Standish, all of Interpath, as the Foreign Representatives of Three Arrows Fund, Ltd. (in Liquidation), which was "founded by Kyle Davies and Su Zhu" and was "the offshore feeder fund of Three Arrows Capital, Ltd.", which was described as "one of the largest crypto and digital asset venture capital firms in the world", filed at the U.S. Bankruptcy Court for the Southern District of New York.
Complaint by "Customers of FTX.com located outside the United States of America, who held accounts on the FTX.com platform as of the Petition Date" seeking "a declaration that assets customers deposited, held, received, or acquired on the FTX.com platform are customer property and not property of the Debtors’ estates" in Sunil Kavuri, a citizen and resident of the United Kingdom; Ahmed Abd-El-Razek Noia Capital SÀRL, of Luxembourg, and Patrick Rabbitte v. FTX Trading Ltd., Alameda Research LLC, Alameda Research Ltd, Alameda Research Holdings Inc., Clifton Bay Investments LLC, West Realm Shires Services Inc., West Realm Shires Financial Services Inc., Ledger Holdings Inc., FTX Japan Holdings K.K., FTX Europe AG, FTX Property Holdings Ltd, LT Baskets Ltd., Alameda TR Ltd, Allston Way Ltd, Analisya Pte Ltd, Atlantis Technology Ltd., Bancroft Way Ltd, Blue Ridge Ltd, Cardinal Ventures Ltd, Cedar Bay Ltd, Liquid Securities Singapore Pte Ltd, Maclaurin Investments Ltd., Mangrove Cay Ltd, Paper Bird Inc, Pioneer Street Inc., Quoine India Pte Ltd, Quoine Vietnam Co. Ltd, SNG INVESTMENTS YATIRIM VE DANISMANLIK ANONIM SIRKETI, Strategy Ark Collective Ltd., Technology Services Bahamas Limited, Verdant Canyon Capital LLC, West Innovative Barista Ltd., Western Concord Enterprises Ltd., FTX Equity Record Holdings Ltd, FTX Exchange FZE, FTX Hong Kong Ltd, FTX Japan K.K., FTX Japan Services KK, Alameda Aus Pty Ltd, Alameda Research (Bahamas) Ltd, Alameda Research KK, Alameda Research Pte Ltd, Alameda Research Yankari Ltd, Alameda TR Systems S. de R. L., Blockfolio, Inc., Clifton Bay Investments Ltd, Cottonwood Grove Ltd, Crypto Bahamas LLC, Deep Creek Ltd, Digital Custody Inc., FTX Canada Inc, FTX Digital Holdings (Singapore) Pte Ltd, FTX Products (Singapore) Pte Ltd, FTX Services Solutions Ltd., FTX Structured Products AG, FTX Trading GmbH, FTX Zuma Ltd, Global Compass Dynamics Ltd., Goodman Investments Ltd., Hawaii Digital Assets Inc., Innovatia Ltd, Island Bay Ventures Inc, Killarney Lake Investments Ltd, Zubr Exchange Ltd, Alameda Global Services Ltd., Cottonwood Technologies Ltd, Deck Technologies Holdings LLC, Deck Technologies Inc., Euclid Way Ltd, FTX Digital Assets LLC, FTX EMEA Ltd., FTX US Trading, Inc., Hive Empire Trading Pty Ltd, Liquid Financial USA Inc., LiquidEX LLC, North Dimension Inc, North Wireless Dimension Inc., LedgerPrime Bitcoin Yield Enhancement Master Fund, LLC, LedgerPrime Digital Asset Opportunities Fund, LLC, LedgerPrime Digital Asset Opportunities Master Fund LP, LedgerPrime LLC, LedgerPrime Ventures, LP, North Dimension Ltd, Quoine Pte Ltd, Cedar Grove Technology Services, Ltd., DAAG Trading, DMCC, FTX Certificates GmbH, FTX Crypto Services Ltd., FTX EU Ltd., FTX Lend Inc., FTX Marketplace, Inc., FTX Switzerland GmbH, FTX TURKEY TEKNOLOJI VE TICARET ANONIM SIRKET, FTX US Services, Inc., FTX Ventures Ltd., GG Trading Terminal Ltd, Good Luck Games, LLC, Hannam Group Inc, Hilltop Technology Services LLC, West Realm Shires Inc., and LedgerPrime Bitcoin Yield Enhancement Fund, LLC at the U.S. Bankruptcy Court for the District of Delaware.
Fixed Date Claim Form regarding Crystal Heights Holdings Ltd. in Cai Wenting, of Singapore v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
Winding Up Petition in Zhongyang Construction Group Co Ltd., of China v. Oryx Biotech Holdings Inc., described as "an equity holding company which owns subsidiaries with various operations across South Asia" that are "primarily engaged in plasma based biopharmaceutical development", at the Grand Court of the Cayman Islands.
Fixed Date Claim Form regarding Ace Capital Limited in Vincent Lim, of Singapore v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
Fixed Date Claim Form regarding Sisyphus Rock Limited in Guo Chen, of Singapore v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
Opinion and Order granting, inter alia, SEC's motion for summary judgment "involving defendants’ unregistered offers and sales of LUNA and MIR in violation of Sections 5(a) and (5c) of the Securities Act" in U.S. Securities and Exchange Commission v. Terraform Labs Pte Ltd., of Singapore, and Do Hyeong Kwon, described in the complaint as a resident of South Korea and Singapore, at the U.S. District Court for the Southern District of New York.
Writ of Summons and Statement of Claim in POA Networks Ltd., of the Cayman Islands v. Binance Holdings Limited, described as a Cayman Islands firm that "has owned and operated a centralized virtual asset exchange", and Nest Services Limited, of the Seychelles, at the Grand Court of the Cayman Islands.
First Amended Complaint in Higround Co. Ltd., of South Korea, and Higround Pte. Ltd., of Singapore v. Henry Han-Woong Lee, described as a U.S. citizen residing in New York, USA; Genesis Digital Assets Pte. Ltd., of Singapore; Genesis Group Partners LLC, Neon Partners LLC, and Genesis-Neon Group LLC at the U.S. District Court for the Southern District of New York.
Chapter 11 Petition by Near Intelligence Inc., of California, USA; Near Intelligence LLC, of California, USA; Near Intelligence Pte. Ltd., of Singapore, and Near North America, Inc., of California, USA, collectively described as "a full stack, data intelligence software provider of enriched data on people and places", at the U.S. Bankruptcy Court for the District of Delaware.
Judgment setting aside an order to serve defendants ADM Asia-Pacific Trading Pte. Ltd., ADM Germany GmbH, Grove Services Inc., Bunge SA, Bunge CIS LLC, Dauren Bekbergenov, Ekaterina Kuzmicheva, Mukhtar Ablyazov, Roman Solodchenko, and Zhaksylyk Zharimbetov out of the jurisdiction in JSC BTA Bank, of Kazakhstan v. Timur Sabyrbaev, Dilara Dyusembayeva, Assel Zhaxybayeva, Asel Suindikova, Marina Aitzhanova, Janelle Utemuratova, Svetlana Chvanova, Veronika Efimova, Saduakas Mameshtegi, Dina Abdykalykova, Akzholtay Mukanovna Kalenova, Kairat Sadykov, Irina Kanaphina, Madina Nurgozhina, AEG Systems Inc., Calernen Finance Inc., Zathen Holding Investments Limited, formerly Carsonway Limited; Comwork Ltd.,Kinmate Trading Limited, Estar Developments Limited, Lingard Industry Limited, Daniels Tradecorp Inc., Mabco Inc., Klostrade Financial Group Ltd., Dana Trade Corp., Global Team Company, Tramlanes Investments Limited, formerly Bergtrans Contracts Corp.; Moranta Invest (Cyprus) Limited, John Wortley Hunt, Luis Davis, Stan Gorin, Vasiliki Argyrou, Labonte Elisana Marie-Antoinette, Diego Jacinto Batista Valdes, Carlos Alberto Mendoza Murillo, Suseth Walthia Parris, Kellee France, Geoffrey Taylor, Belinda Lanyon, Christopher Blythe, Roger Alberto Santamaria, Nicholetta Christodoulidou, ADM-ACTI Trade Resources Inc., ADM Asia-Pacific Trading Pte. Ltd., formerly Toepfer International Asia Pte. Ltd.; ADM Germany GmbH, formerly Alfred C. Toepfer International GmbH; Eric Richardson, Grove Services Inc., Bunge SA, Bunge CIS LLC, Dauren Bekbergenov, Ekaterina Kuzmicheva, Mukhtar Ablyazov, Roman Solodchenko, and Zhaksylyk Zharimbetov at the British Virgin Islands High Court.
Forfeiture Complaint regarding funds allegedly associated with "Pig Butchering" fraud that were seized from accounts, at least one of which was "accessed by Thailand, Singapore, and Hong Kong-based IP addresses", in the names of Lim Hock Seng and Yicheng Wang at Binance crypto exchange in USA v. 193,169.0653 USDT, 11,146.8079 USDT, and 18.9649 BTC at the U.S. District Court for the District of Massachusetts.
Forfeiture Complaint associated with an allegedly unlicensed money transmitting business operated by Dominica-domiciled Aurum Capital Holdings Inc. and involving "a virtual currency issued by a company called Liberty Reserve" in USA v. All Fund Seized From Morgan Stanley Accounts 658-091821-245 and 658-095221-245 in the name of Maximiliano Pilipis at the U.S. District Court for the Southern District of Indiana.
Complaint "to recognize and enforce an arbitral award" in IC Power Ltd., described as a Singapore company that "owns and manages various companies, primarily in the energy sector", and Kenon Holdings Ltd., described as a Singapore company that "owned, developed, and operated power facilities in Latin America, the Caribbean, and the Middle East v. Republic of Peru", at the U.S. District Court for the District of Columbia.
OffshoreAlert's first Asia conference will be held in Bangkok on February 28-29, 2024. The event will take place at the Siam Kempinski Hotel Bangkok, a 5-star resort in the heart of the city, near some of Asia’s finest restaurants, shops, and nightlife. There's an emphasis on networking and fun, which is why we're holding our event at a resort in one of the world's most exciting cities that attendees can easily fly into. We want them to combine business with pleasure.
Complaint to recover "preferential transfers" in FTX Trading Ltd., of Antigua and Barbuda; West Realm Shires Services Inc., of Delaware, and Alameda Research Ltd., of the British Virgin Islands v. Mirana Corp., of the Seychelles; Bybit Fintech Ltd., of the Seychelles; Time Research Ltd., of the Seychelles; Sin Wei 'Sean' Tan, of Singapore; Wei Lin 'Germaine' Tan, of Singapore; Weizheng Ye, of Singapore, and Nashon Loo Shun Liang, of Singapore, at the U.S. Bankruptcy Court for the District of Delaware.
Application by DNG FZE, described as a United Arab Emirates-domiciled "online merchant that sells personal electronic goods", to take discovery from Michael Mulanaphy for use in legal proceedings in Singapore against PayPal "to redress PayPal’s unlawful seizure of nearly $1.4 million of DNG’s funds", filed at the U.S. District Court for the Southern District of New York.
Complaint alleging breach of contract regarding an agreement to purchase claims against the FTX crypto group "for 30% of the face value of the claims " in Olympus Peak Trade Claims Opportunities Fund I Non-ECI Master LP, of Delaware v. Ethereal Tech Pte. Ltd., of Singapore, and Burdy Technology Limited, of Hong Kong, at the U.S. Bankruptcy Court for the District of Delaware.
Writ of Summons and Statement of Claim in Bond Capital Partners Pte. Ltd., of Singapore v. Regan Fund Management Company Limited at the Grand Court of the Cayman Islands.
Public Notice by the Labuan Financial Services Authority that "a creditor petition for the winding up of City Credit Investment Bank Limited, a Labuan investment bank, had been filed in the High Court of Sabah and Sarawak at the Federal Territory of Labuan".
Complaint in Gemini Trust Company LLC, of New York, USA, operator of "a cryptocurrency platform that enables its users to buy, sell, and store cryptocurrencies" v. Genesis Global Capital LLC, of Delaware, USA; Genesis Global HoldCo LLC, of Delaware, USA, and Genesis Asia Pacific Pte. Ltd., of Singapore, at the U.S. Bankruptcy Court for the Southern District of New York.
Application by ArcelorMittal Holdings AG to take discovery from Reibus International Inc., Reibus Logistics LLC, and Reibus Financial LLC for use in legal proceedings in England and Singapore "to enforce an arbitral award in ArcelorMittal’s favor in the amount of €140 million, plus interest" against Liberty Steel East Europe Limited and Liberty House Group Pte Limited, which are "part of the GFG Alliance, an opaque, complicated, and ever-shifting web of companies that moves assets in and out of Alliance companies as and when it suits Mr. Sanjeev Gupta, who appears to sit at the helm of the Alliance", filed at the U.S. District Court for the Northern District of Georgia.
Press Release by India's Directorate of Enforcement announcing a "Prosecution Complaint" against Sanjay Vijay Shinde, his wife, Aparna Shinde, and M/s Venus Bay Offshore Ltd., of the British Virgin Islands, for suspected money laundering.
Citing insolvency and the need for a "full investigation" into its activities, Cayman Islands judge David Doyle has granted a petition to wind up crypto/forex investment firm AuBit International, which is suspected of committing a $160 million fraud.
Complaint alleging misappropriation of trade secrets, fraud, and unfair competition in CipherBlade LLC, of Pennsylvania, USA, described as "a blockchain investigation company that investigates cryptocurrency-related matters, often involving cybercrime" v. CipherBlade LLC, of Alaska, USA; Manuel Kriz, of Cyprus; Michael Krause, of Cyprus; Jorn Henrik Bernhard Janssen, of Cyprus; Justin Maile, of Cyprus; Ioana Vidrasan, CipherBlade APAC Pte Ltd., of Singapore; Jussi Aittola, of Singapore; Omega3Zone Global Ltd., of Cyprus; Paul Marnitz, of Cyprus; Inquisita Solutions Ltd., of Cyprus, and Green Stone Business Advisory FZ LLC, of the United Arab Emirates, at the U.S. District Court for the District of Alaska.
Ex Tempore Judgment granting the plaintiffs' petition for a winding-up order in LedgerScore International Pte Ltd., of Singapore; LS Litigation Holdings LLC, of Wyoming, USA, and Earn Guild Pte Ltd., of Singapore, collectively described in the winding up petition as “retail investors who utilized an online cryptocurrency trading platform operated by the Company called “Freeway”, and who invested in Freeway’s Supercharger program” v. AuBit International at the Grand Court of the Cayman Islands.
Fixed Date Claim Form regarding Green Apple International Limited in Anna Yong Khiuk Mee, of Singapore v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
Amended Writ of Summons and Statement of Claim in Ascentra Holdings Inc. (in Official Liquidation), which "operated a cross-border e-commerce business selling beauty and health products and computer software to the Asian market through multi-level marketing" v. Ryunosuke Yoshida, of Hong Kong; Shang Peng Gao Ke Inc. SEZC, of the Cayman Islands; SPGK Pte Ltd., of Singapore; Growth Today Inc., of the Cayman Islands, and Scuderia Bianco Pte Ltd., of the Cayman Islands, at the Grand Court of the Cayman Islands.
Motion to Compel Compliance with Subpoena Duces Tecum in Terraform Labs Pte. Ltd., described as a Singapore-based "software development firm" that "helped develop a digital asset blockchain called 'Terra'" v. Citadel Securities LLC at the U.S. District Court for the Southern District of Florida.
Complaint in Higround Co. Ltd., of South Korea, and Higround Pte. Ltd., of Singapore v. Henry Han-Woong Lee, described as a U.S. citizen residing in New York, USA; Genesis Digital Assets Pte. Ltd., of Singapore; Genesis Group Partners LLC, Neon Partners LLC, Stonefort Consultants FZC, of Dubai, United Arab Emirates; Petra Eco Build Sdn Bhd, of Malaysia; West Ranch Capital Management, of Austin, Texas, USA; Jules Corporation, of Singapore, and Jonathan Chan, of Singapore, at the U.S. District Court for the Southern District of New York.
Fixed Date Claim Form regarding Blossomforth Global Limited in Hari Gurung, of Singapore v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.