In the case of NYDIG ABL LLC v IE CA 3 Holdings Ltd. dated August 10, 2023, the petitioner, NYDIG ABL LLC (referred to as "NYDIG"), sought to recover debts from the respondents IE CA 3 Holdings Ltd. ("IE CA 3") and IE CA 4 Holdings Ltd. ("IE CA 4"), collectively known as the "Debtors". The Debtors owed NYDIG over US $36 million and US $77 million respectively. These debts had stemmed from loans granted by NYDIG to the Debtors under two Master Equipment Financing Agreements (MEFAs). The first MEFA, dated May 25, 2021, was between NYDIG's predecessor and IE CA 3, while the second, dated March 24, 2022, was between NYDIG and IE CA 4. The borrowed funds were used to acquire specialized computer equipment generating "hashpower" for Bitcoin mining. Following the Debtors' failure to meet their MEFA payment obligations, NYDIG had initiated these proceedings. On February 3, 2023, a court order had appointed PricewaterhouseCoopers Inc. as the Receiver over the Debtors, tasked with realizing the collateral – the specialized equipment. A considerable shortfall had been anticipated after the equipment sale. The Respondents had contested NYDIG's claims, asserting their interpretation of the MEFAs and denying improper conduct. The Receiver had remained neutral. Ultimately, the court had ruled in favor of NYDIG, declaring the impugned transactions as fraudulent conveyances against NYDIG. No specific information regarding a financial award had been provided in the case.