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Nalezeno "restructuring": 154

Celsius Bankruptcy Saga Nears Closure as Court Approves Restructuring Plan

9.11.2023
In a pivotal moment for Celsius Network LLC and its affiliates, the Southern District of New York Bankruptcy Court has issued a confirmation order for the modified joint Chapter 11 Plan of the crypto lender. The approval sets the stage for a significant overhaul following the tumultuous financial...

NFT Marketplace OpenSea to Reduce Workforce as it is Planning “Big Changes”

6.11.2023
Leading non-fungible token (NFT) marketplace OpenSea, unveiled plans to lay off half its workforce, amid the company’s major restructuring plans. The platform’s CEO Devin Finzer wrote on X (Twitter) that the firm is making “big changes” to focus on a new version –...

Judge Urges for SEC Decision on Planned Celsius Restart as Crypto Miner

1.11.2023
America’s securities regulator has been urged to decide if it will approve a plan to transform Celsius Network into a bitcoin mining firm. The proposal seeks to repay customers of the bankrupt cryptocurrency lender with both crypto assets and stock in a new publicly traded mining entity. New York...

Nigerian Crypto Exchange Patricia Implements Debt Restructuring Using Convertible Notes – What's Going On?

23.10.2023
Patricia, a Nigerian crypto exchange, is embarking on a significant debt restructuring initiative, offering customers the option to convert owed funds into Patricia shares. The company recently introduced Patricia Tokens (PTK), which it has now made available to customers for this purpose.... Read...

Patricia exchange CEO announces debt restructuring via convertible notes

21.10.2023
Patricia's CEO also revealed that these shares will be managed by a Securities Exchange Commission (SEC)-licensed trusted third-party trustee to ensure complete transparency

BAYC creator Yuga Labs completes restructuring to focus on metaverse

18.10.2023
Yuga Labs, a firm behind the Bored Ape Yacht Club NFTs, has completed restructuring to focus on its upcoming metaverse project Otherside

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

Celsius Network Seeks Final Court Approval to Begin Customer Repayments by Year-End

3.10.2023
During an October 2 hearing regarding the approval of its reorganization plan, the bankrupt crypto lender, Celsius Network, informed a judge of its intention to initiate repayments to its customers by the end of the year.... Read More: Celsius Network Seeks Final Court Approval to Begin Customer...

Celsius seeks court approval to start repaying customers by year-end

3.10.2023
The embattled crypto lender is seeking final court approval for a restructuring plan that will start repaying creditors before the end of 2023

Latam Insights: Brazil Launches Nationwide Blockchain ID Program, Venezuelan Crypto Watchdog Extends Restructuring Period

2.10.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Brazil launches a blockchain-based ID card, the Venezuelan cryptocurrency watchdog Sunacrip extends its restructuring period, and Buenos Aires launches...

Venezuelan Crypto Watchdog Sunacrip Extends Restructuring Period; Community Asks for Clarity

29.9.2023
The Venezuelan government has officially announced the extension of the restructuring period for Sunacrip — the national cryptocurrency watchdog — by six months more due to the link of its former head with a corruption scheme. Asonacrip, a national crypto association, is asking Sunacrip to open...

SEC raises concerns over Coinbase in objection to Celsius restructuring plan

25.9.2023
Coinbase CEO Brian Armstrong and chief legal officer Paul Grewal issued a joint statement questioning the SEC's reasoning in its Sept. 22 objection

FTX Estate Controls $1.1B in Solana and $560M in Bitcoin Amid Bankruptcy Revelations

11.9.2023
The FTX estate, currently overseeing the bankruptcy and restructuring of the once-active crypto exchange, reveals holdings of $1.16 billion in solana (SOL) and $560 million in bitcoin (BTC). 16% of Solana’s Market Cap Is Held by FTX In a recent Monday court filing, a stakeholder update...

Vauld gets permission for board restructuring from the court

25.8.2023
Singapore-based crypto exchange has been ongoing bankruptcy proceedings since August 2022

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...

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...