JKL Digital Capital Ltd. (“JKL”), a former cryptocurrency investment firm incorporated in the British Virgin Islands, sought Chapter 15 recognition in the U.S. Bankruptcy Court for the Southern District of New York to assist liquidators in tracing assets once valued at approximately $300 million, possibly including digital holdings and a Texas crypto mining operation.
With the assistance of Seward & Kissel (“S&K”), on December 3, Judge Philip Bentley granted Chapter 15 recognition, enabling liquidators to pursue U.S. discovery.
S&K represented JKL and its foreign representatives in the Chapter 15 proceedings, with the team led by Robert J. Gayda, Catherine LoTempio and Andrew J. Matott.
