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Nalezeno "Bankruptcy": 1399

SBF borrowed $546M from Alameda to fund Robinhood share purchase

28.12.2022
An affidavit by the FTX founder revealed Alameda funded the purchase of Robinhood shares which were later used as collateral for Alameda to secure a loan from BlockFi

Publicly-Listed Bitcoin Miner Argo Blockchain Suspends Nasdaq Trading

28.12.2022
Bitcoin miner Argo Blockchain announced that it requested the suspension of trading its company shares on Dec. 27, as the company expects to make an announcement on Wednesday, Dec. 28, 2022. The company’s stock has lost 96.34% year-to-date and on Dec. 12, the bitcoin miner “advanced negotiations...

Elon Musk: Twitter No Longer in Fast Lane to Bankruptcy

26.12.2022
Tesla CEO and Twitter chief Elon Musk has confirmed that the social media company is no longer “in the fast lane to bankruptcy.” Nonetheless, the billionaire emphasized that there is still much work to do on the platform. “But overall it seems to be going in a good...

FTX paid $12M retainer to a New York law firm before bankruptcy filing

24.12.2022
Sullivan & Cromwell LLP (S&C), a law firm headquartered in New York City, received $12 million from West Realm Shires Services Inc. on behalf of FTX for legal services

Public Bitcoin mining companies plagued with $4B of collective debt

24.12.2022
The Bitcoin mining community took up massive loans during the 2021 bull market, negatively impacting their bottom lines during a subsequent bear market

Caroline Ellison’s Testimony Claims FTX Boss SBF Directed Her to Co-Mingle Customer Funds Since 2019

23.12.2022
On Dec. 23, 2022, Matthew Russell Lee from the Inner City Press published the recently unsealed guilty plea transcript of Caroline Ellison, Alameda Research’s former CEO. In her statements, Ellison describes that she was the co-CEO and CEO of Alameda, and under those roles, she reported directly...

Crypto Biz: Contagion engulfs Bitcoin miners as bear market continues

23.12.2022
With the BTC price plunging more than 76% peak-to-trough, miners are struggling to keep their operations running

FTX asks bankruptcy judge to stop BlockFi from claiming Robinhood shares

23.12.2022
The 56 million Robinhood Markets shares at stake are currently worth around $450 million

BTC miner Core Scientific gets interim nod for $37.4M bankruptcy loan

23.12.2022
The loan would allow Core Scientific to keep its mining and hosting operations afloat while it restructures

FTX creditor committee hires Paul Hastings LLP for bankruptcy proceedings: Report

22.12.2022
After evaluating several law firms, FTX's unsecured creditors' committee has chosen a legal adviser

Third parties could return FTX funds directly to customers: Law firm

22.12.2022
According to Louise Abbott, FTX users could claim in court that assets “remained their property at all times” and could be treated separately from bankruptcy proceedings

One of the Largest Bitcoin Mining Firms Just Filed For Bankruptcy – Here’s What it Means for the Crypto Industry

22.12.2022
Core Scientific, one of the largest Bitcoin mining companies, has filed for bankruptcy amid plunging cryptocurrency prices and skyrocketing energy prices, becoming the latest victim of the ongoing crypto winter. On Wednesday, the firm filed for Chapter 11 bankruptcy protection in Texas....

Inside Core Scientific’s Prearranged Bankruptcy

21.12.2022
The world’s biggest publicly traded crypto miner filed for Chapter 11 protection today

$1.7M in Quadrigacx Bitcoins Move, Court Trustee EY Says Transfers Were ‘Unauthorized’

21.12.2022
On Dec. 19, the Twitter account Zachxbt revealed he discovered five cold wallets from the now-defunct Quadrigacx crypto exchange move 104 bitcoin. The following day, ‘big four’ accountancy firm EY, Quadrigacx’s bankruptcy court trustee, explained it did not authorize...

Bitcoin rebound to $18.4K? BTC price derivatives show strength at key support zone

21.12.2022
Miners are in deep trouble due to increased hash rate and energy costs, but pro traders slightly added to their longs despite the recent BTC pullback

Core Scientific Files for Bankruptcy Protection, Firm Plans to Continue Mining Bitcoin to Pay Down Debt

21.12.2022
On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to the filing, Core Scientific has roughly 1,000 to 5,000 creditors and its estimated assets are worth between...

FTX locates $1 billion in assets with $720 million in cash amidst the bankruptcy

21.12.2022
FTX continues to fight for a rebound amid its bankruptcy issue. Meanwhile, the new management has announced allocating $1 billion in assets with $720 million in cash. The objective is to resolve the financial shortcomings of the platform by accessing several bank accounts. As per the shared update...