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US Court Restricts Papaya Asset Transfers in Dispute With Firy Subsidiary Skillz

By Public Technologies
  • Delaware bankruptcy court barred transfers from Papaya's U.S. accounts on October 27, 2026, with limited exceptions for ordinary-course payments.
  • Papaya owes approximately $730 million to Firy's wholly owned subsidiary Skillz under a false-advertising judgment entered July 27, 2026.
  • Permitted payments require 115% prefunding from Papaya's overseas accounts; transfers to insiders or affiliates are prohibited.
  • The court found Papaya moved more than $70 million to Israel before trial without disclosing the transfers to the New York court.
  • Papaya has appealed the judgment but has not posted a bond securing it.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Firy Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261102543801) on November 02, 2026, and is solely responsible for the information contained therein.

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