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Nalezeno "Bankruptcy": 1351

From a $32 Billion Valuation to Financial Troubles: An In-Depth Look at the Rise and Fall of FTX

10.11.2022
During the last two days, the cryptocurrency community has been dealing with the FTX fiasco after Binance revealed that it was backing out of the deal to acquire the rival exchange. Between Nov. 8-9, the crypto economy shed more than $230 billion in value as FTX’s troubles shook investors....

SBF tells investors FTX needs $8B in emergency funding: WSJ

10.11.2022
According to reports, FTX CEO Sam Bankman-Fried asked investors for emergency funding to cover an $8 billion shortfall during a Nov. 9 investors call

SBF Warns FTX Investors of Bankruptcy Without More Cash: Bloomberg

9.11.2022
FTX is headed toward bankruptcy without a cash infusion

Publicly Listed Bitcoin Miner Core Scientific Publishes Update After SEC Filing That Mentions ‘Restructuring’

8.11.2022
On Nov. 7, 2022, the bitcoin mining firm Core Scientific released the company’s October update after the company’s Form 8-K U.S. Securities and Exchange Commission (SEC) filing on Oct. 26, 2022. The filing noted that the company was in the process of exploring “restructuring...

Crypto Biz: Was Celsius just a Ponzi after all?

4.11.2022
The bankrupt crypto lender has been accused by customers of being a Ponzi. Meanwhile, Binance's $500 million investment in Elon Musk's Twitter has been confirmed

How Security Tokens Can Benefit Creditors in Bankruptcy Restructurings

3.11.2022

Bitcoin Mining Host Compute North Paid Executives $3M on the Day It Declared Bankruptcy

3.11.2022
Co-founder Dave Perrill got more than $600,000, even as Compute North was forced to put a freeze on payments to creditors

Bankruptcy Judge Denies Celsius’ Motion to Pay Employees $3M in Retention Bonuses – At Least Temporarily

1.11.2022
A federal judge struck down Celsius’ plans to pay out nearly $3 million in retention bonuses to a select group of employees on Tuesday, citing the lack of transparency in the bankrupt crypto lender’s public filings

Core Scientific may consider bankruptcy following uncertain financial condition: Report

1.11.2022
The mining firm has cited the low price of Bitcoin, electricity costs, an increase in the BTC hash rate, and litigation with Celsius playing a role in its financial difficulties

Core Scientific Shares Downgraded After SEC Filing Hints at Possible Bankruptcy

30.10.2022
One of the largest publicly listed bitcoin miners, Core Scientific, has shaken investors with a recent filing with the U.S. Securities and Exchange Commission that raises the possibility the company may apply for bankruptcy protection. The filing notes that Core Scientific will be unable to...

A Committee of Celsius Creditors Objects to Celsius Selling Its Stablecoin Cache

29.10.2022
A committee of unsecured creditors stemming from the Celsius bankruptcy case has filed a motion with the court to stop the now-defunct crypto lender from selling the company’s stablecoin holdings. The written protest by the group of creditors against the sale follows objections from a slew...

Troubled Bitcoin Miner Core Scientific's Shares Continue to Plunge on Bankruptcy Risk

28.10.2022
Shares of bitcoin miner Core Scientific (CORZ) fell another 14% Friday after a rough week amid financial woes and analyst downgrades

Leading Public Bitcoin Miner Core Scientific to File for Bankruptcy

28.10.2022
The major publicly listed Bitcoin (BTC) mining company Core Scientific has admitted it could run out of money by the end of the year, and that bankruptcy is a possibility. The company’s liquidity position has taken a major hit this year, as prices of Bitcoin have plummeted from a peak of around...

Celsius bankruptcy case Trustee slams $3M employee bonus motion

28.10.2022
The Trustee has objected to the retention bonus, citing a lack of sufficient information within the motion to warrant such a high payout and a lack of clarity around whether any recipients should be considered insiders

Celsius Bankruptcy Judge Agrees to Appoint a Consumer Privacy Ombudsman in Case

24.10.2022
The move comes after court documents released in early October revealed the financial details of hundreds of thousands of Celsius’ customers

Bankruptcy Court Approves FTX Purchase Agreement for Voyager Assets

24.10.2022
Major crypto exchange FTX has secured the approval of a U.S. bankruptcy court to take over the assets of troubled crypto platform Voyager Digital. In a statement, the platform said the U.S. Bankruptcy Court for the Southern District of New York decided to approve Voyager Digital’s “entry into...