Disgraced FTX claims broker is now soliciting Coldcard victims

What happened

A man who was organizing legal actions for Coldcard victims was removed as a bankruptcy receiver by the Delaware Chancery Court.

Confirmed

Global impact / market context

The removal could stall coordination of lawsuits for Coldcard users, making it harder for them to seek compensation and possibly reducing pressure on the parties involved.

Analyst inference

The case follows broader scrutiny of crypto‑related bankruptcy processes, where courts and regulators are tightening oversight of how victim groups are represented and how assets are managed.

Analyst inference

What to watch

1. Any appeal by the removed receiver to reinstate his role, which would signal whether courts may reverse such decisions quickly. Analyst inference
2. New leadership or firms stepping in to coordinate Coldcard victim actions, affecting how efficiently claims are filed. Analyst inference
3. Regulatory statements on handling victim representation in crypto bankruptcies, which could shape future court rulings and industry practices. Analyst inference

Affected assets

• GAL — GAL (migrated to Gravity - G)

Evidence

• protos.com