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Nalezeno "reorganization": 94

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....

Bitcoin Miner Core Scientific Overcomes Bankruptcy, Eyes Stock Market Return

17.1.2024
Source: Adobe / artiemedvedev The major US-based Bitcoin miner Core Scientific has emerged from bankruptcy. The company is now preparing to return to the stock market. The United States Bankruptcy Court for the Southern District of Texas has confirmed Core Scientific’s Chapter 11 plan...

Celsius Network Unstakes Ethereum Holdings Amid Reorganization Efforts

5.1.2024
The bankrupt cryptocurrency lender Celsius Network announced its plan to unstake significant holdings of ethereum to facilitate asset distribution to its creditors. This move is part of the firm’s ongoing efforts to restructure and resolve outstanding liabilities. Crypto Lender Celsius...

FTX Files Reorganization Plan to End Bankruptcy

18.12.2023
Asset values for creditor claims will be calculated at prices on the day FTX filed for bankruptcy in November 2022, the plan says

FTX’s Revised Reorganization Plan Addresses Cryptocurrency Claims Valuation

17.12.2023
Source: Adobe / Ascannio The debtors of now-defunct cryptocurrency exchange FTX have submitted an amended Chapter 11 plan of reorganization, suggesting that customer asset claims should be valued retroactively to the date of the exchange’s collapse in November last year. In a recent...

Gemini Earn Users Face Potential 70% Reduction in Promised Bitcoin Payouts Under Proposed Reorganization Plan

14.12.2023
Image Source: Shutterstock Gemini Earn creditors could potentially face up to 70% reduction in their promised crypto payouts as part of a proposed reorganization plan. The plan, outlined in an email sent by Gemini Trust on December 13, has now been put up for a vote, leaving creditors with...

FTX Ad Hoc Committee Prepares Amended Reorganization Plans Set for December

7.12.2023
Source: Adobe The FTX 2.0 customer ad hoc committee of the now-defunct crypto exchange has received a response to the letter sent to its official arm. In a letter dated December 4, 2023, the Official Committee of Unsecured Creditors (UCC), overseeing the bankruptcy of the FTX exchange, acknowledged...

Bankrupt Crypto Lending Firm Celsius Shifts Focus to Bitcoin Mining Amid SEC Feedback on Reorganization Plan

21.11.2023
Source: Adobe/Canva Crypto lender Celsius has amended its reorganization plan, opting for a singular focus on bitcoin mining instead of the initially proposed combination of mining and staking. In a court filing on Monday, Celsius signaled its departure from the earlier Plan that combined both...

Celsius entity to focus only on mining under proposed reorganization plan

21.11.2023
The lending firm has been in bankruptcy court since its Chapter 11 filing in 2022, while the SEC filed a lawsuit against both the firm and former CEO Alex Mashinsky in July

Celsius Bankruptcy Reorganization Plan Approved by Court; Implementation by Early 2024

10.11.2023
Crypto lender Celsius secured approval for its reorganization plan from a bankruptcy court on Thursday, marking an end to an ordeal that began when it filed for bankruptcy in July last year

Venezuela extends reorganization shutdown of crypto agency to March 2024

26.9.2023
The government will spend six additional months to ‘reorganize” the entity, which de-facto stopped its work in March 2023

Celsius' Bankruptcy Nears End as Creditors Approve Reorganization Plan

26.9.2023
Bankrupt crypto lender Celsius' creditors have voted to approve a plan that would return 67%-85% of holdings back to them

Celsius creditors vote in favor of reorganization plan

26.9.2023
The majority of Celsius creditors have voted in favor of a plan that will see approximately $2 billion worth of Bitcoin and Ethereum returned to creditors

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

FTX Fires Back at Creditors 'Willing to Gamble Estate Assets on Higher Returns'

10.8.2023
The committee of unsecured creditors criticized the bankrupt estate's reorganization plan submitted to court in July

FTX Unveils Reorganization Strategy, Proposing ‘Offshore Crypto Exchange’ and New Trust

1.8.2023
In the midst of the bankruptcy proceedings, FTX presented its primary reorganization strategy and term sheet to the U.S. bankruptcy court, detailing an ambitious plan to reinvent FTX as an “offshore crypto exchange” while also founding a new limited liability trust. At this time, the proposed...