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Nalezeno "Bankruptcy": 1386

FTX Modifies Settlement Motion After US Trustee Objection in Bankruptcy Case – What's Going On?

22.8.2023
Bankrupt crypto exchange FTX submitted a "Reply" on Sunday, August 20, to back its Settlement Plan and address the US Trustee's objection to the Motion. On August 16, FTX Trading and its associated debtors submitted a court filing titled "Motion of Debtors for an Order Authorizing Procedures...

Property Behemoth Evergrande Seeks Chapter 15 Relief in US; This Shiba Inu Contender Appears As The Best Investment Launch in 2023

21.8.2023
Evergrande, a prominent player in the Chinese property sector, is seeking respite by initiating bankruptcy protection through a U.S. court filing. This strategic move invokes Chapter 15 of the U.S. bankruptcy code, reflecting a deliberate response to the financial challenges besetting the property...

FTX's Debtors Revise Settlement Proposal After Objection From U.S. Trustee

21.8.2023
Bankrupt crypto exchange FTX's debtors have revised their motion for settlement after the U.S. Trustee objected to an earlier motion

Bankman-Fried Wants to See His Lawyers Outside Jail Five Days a Week

20.8.2023
FTX founder Sam Bankman-Fried (SBF) is asking to be released from jail five days a week to work on his defense for the fraud trial against him set to begin in October. On Friday, Bankman-Fried’s lawyers complained to a judge in Manhattan that the currently proposed preparation time and regime...

Pro: Evergrande Group chapter 15 'indirectly influenced Bitcoin sentiment'

19.8.2023
In a surprising turn of events, the recent developments surrounding the Evergrande Group's Chapter 15 filing have reverberated beyond traditional finance, indirectly influencing the sentiment around Bitcoin (BTC) and the cryptocurrency market. Around 9:35 pm UTC on August 17, the price of Bitcoin...

Celsius Sends Bankruptcy Restructuring Plan To Creditors Vote After Court’s Approval

18.8.2023
Bankrupt crypto lender Celsius is set to hold a vote on a plan to sell its asset to Fahrenheit Group following the approval by a judge as the proceeding winds down. Celsius will send its creditors ballots to vote on the proposal between Aug 24 and Sept 22 and if approved, creditors could receive...

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

Celsius Creditors to Vote on Bankruptcy-Escape Plan After Judicial Approval

18.8.2023
Creditors will have a month to mull the sale to Fahrenheit, which court filings say could see them recover 67%-85% of holdings

BlockFi opens crypto withdrawals for eligible US users following court order

17.8.2023
The lending platform halted client withdrawals amid filing for bankruptcy in November 2022, but later petitioned the court for authorization to return user funds

Genesis, FTX Strike Deal for $175M Bankruptcy Claim

17.8.2023
Lawyers are trying to untie a complex financial web among companies that went under in the crypto winter

Bitgo Secures $100 Million in Series C, Firm’s Valuation Climbs to $1.75 Billion

16.8.2023
The digital asset trust firm Bitgo, headquartered in Palo Alto, California, has secured $100 million in a Series C funding round. While the company remains tight-lipped about the participants in this financial endeavor, this fresh infusion of capital catapults the firm’s post-valuation...

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...

Prime Trust bankruptcy spotted by crypto community months ahead

15.8.2023
Months before Prime Trust filed for Chapter 11 bankruptcy, online sleuths in the crypto community were on the case and continue to follow the money

Crypto custodian Prime Trust files for Chapter 11 bankruptcy

15.8.2023
The crypto custodian's bankruptcy comes as it's been unable to honor customer withdrawals for months

Celsius customers to vote on settlement plan with Fahrenheit after judge gives okay

14.8.2023
The settlement was reached in July and, if the customers agree, it will go before the court for approval in October

Legal Twist: Three Arrows Capital Co-Founder's Citizenship Renunciation Disrupts Court's Jurisdiction in Bankruptcy Case

14.8.2023
In the bankruptcy case of Three Arrows Capital (3AC), a crypto hedge fund that ceased operations, a judge has rejected a request to hold co-founder Kyle Davies in contempt of Court and impose sanctions.... Read More: Legal Twist: Three Arrows Capital Co-Founder's Citizenship Renunciation Disrupts...