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Nalezeno "Chapter 11 Bankruptcy": 80

FTX bankruptcy estate auctioning Worldcoin tokens this week

2.10.2024
According to CoinGecko, Worldcoin currently has a market capitalization of approximately $792 million and a 494 million circulating supply

Silvergate Capital files for Chapter 11 bankruptcy in Delaware

18.9.2024
The parent company of Silvergate Bank has listed assets ranging from $100 million to $500 million and liabilities between $10 million and $50 million

Terraform Labs to reopen Shuttle Bridge, destroy LUNA tokens

19.7.2024
These developments indicate TFL’s proactive efforts to tackle Terra's challenges and restore trust and stability within the Terra ecosystem

Bankrupt Crypto Lender Blockfi Enlists Coinbase to Distribute Crypto Payouts

10.5.2024
The now-defunct crypto lender Blockfi is officially shutting down the firm’s web portal this month according to an update from the firm. Blockfi said that it has partnered with Coinbase to help facilitate the execution of withdrawals to eligible Blockfi customers. Blockfi Collaborates With Coinbase...

FTX Estate to Monetize AI Investment, Seeks Sale of Anthropic Shares Amid Bankruptcy Proceedings

5.2.2024
In a significant move within the crypto bankruptcy landscape, FTX Trading Ltd. has announced its intention to sell its equity interests in the artificial intelligence (AI) firm, Anthropic PBC. Holding close to an 8% stake, valued between approximately $1.47 billion to upwards of $2.4 billion,...

Celsius Emerges From Bankruptcy, Begins to Distribute $3 Billion to Creditors

1.2.2024
Celsius has concluded its Chapter 11 bankruptcy process and is embarking on a new journey with the launch of Ionic Digital, Inc., a bitcoin mining company managed by Hut 8 Corp. This development follows a complex legal and financial restructuring, which will include over $3 billion distributed...

Terraform Labs Says Bankruptcy Protection Would Allow it Appeal against SEC’s Securities Fraud Lawsuit

31.1.2024
Terraform Labs has said that its Chapter 11 bankruptcy protection filing would enable the pursuit of an appeal against the US Securities and Exchange Commission’s (SEC) securities fraud lawsuit. In a recent filing, Terraform Labs CEO Chris Amani emphasized the importance of bankruptcy...

Bitcoin Miner Core Scientific Announces Post-Bankruptcy Comeback to Return to Nasdaq

24.1.2024
Core Scientific has announced its return to the Nasdaq following a comprehensive reorganization post-bankruptcy. According to Core Scientific’s recent release, the Bitcoin miner has emerged from its Chapter 11 bankruptcy with a significantly strengthened financial position. The reorganization...

Terraform Labs Files for Bankruptcy in US Amid SEC Lawsuit

22.1.2024
Terraform Labs has filed for Chapter 11 bankruptcy in the U.S. amid ongoing litigation with the U.S. Securities and Exchange Commission (SEC). The company stated in its bankruptcy filing that “funds will be available for distribution to unsecured creditors.” Meanwhile, Terraform Labs...

Do Kwon’s Terraform Labs Files for Bankruptcy Protection in US

22.1.2024
Terraform Labs, the issuer of the collapsed stablecoin TerraUSD (UST), has filed for Chapter 11 bankruptcy protection in the United States. The filing by Terraform Labs was officially submitted to the U.S. Bankruptcy Court for the District of Delaware. This action marks a significant legal step...

Bitcoin Miner Core Scientific Set to Emerge From Bankruptcy

18.1.2024
Core Scientific has received the go-ahead from bankruptcy court for its reorganization, paving the way for the bitcoin mining giant to relist its shares on Nasdaq. Core Scientific Set for a Major Turnaround Core Scientific, Inc., a major bitcoin miner, is about to emerge from Chapter 11 bankruptcy....

US Bankruptcy Court Approves $225M ‘MiningCo Transaction’ for Celsius, Prevents Securities Ruling in Chapter 11 Proceedings

28.12.2023
Source: Adobe/Canva Bankrupt cryptocurrency lending company Celsius Network has achieved a significant milestone in its Chapter 11 bankruptcy proceedings. The United States Bankruptcy Court for the Southern District of New York has granted approval for Celsius Network’s proposed...

FTX customers could get $9B shortfall claim payout by mid-2024

17.10.2023
A proposed settlement could see creditors receive a shortfall claim of $8.9 billion for FTX.com and $166 million for FTX US

Crypto lender BlockFi gets court nod to repay customers

27.9.2023
The approval is seen as a milestone moment for BlockFi's over 100,000 creditors, who have been long awaiting repayment

What is Chapter 11 bankruptcy? Understand the basics

18.8.2023
Understand how companies reorganize amid financial challenges to ensure business continuity via Chapter 11 bankruptcy

Prime Trust Crypto Custodian Enters Chapter 11 Bankruptcy Amid Prolonged Crypto Winter

16.8.2023
On Monday, Las Vegas cryptocurrency custodian Prime Trust filed for Chapter 11 bankruptcy protection, marking another setback for the troubled fintech company. In the August 15th filing, the company stated that it has 25,000 to 50,000 creditors and expects liabilities of $100 million to $500...

From Crypto Custodian to Court: Prime Trust Files for Bankruptcy Protection

15.8.2023
In the wake of financial upheavals and regulatory hurdles, Prime Trust, a digital currency custodian, has formally sought Chapter 11 bankruptcy protection. This move closely follows the appointment of John Guedry as the company’s overseer, bolstered by a designated committee to steer...