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Crypto Exchange Coinbase's Chief Product Officer Steps Down Amid Restructuring
2.11.2022
Chatterjee will continue to serve Coinbase in an advisory role through at least February 3, 2023
Bitcoin Miner Stronghold Digital Completes Debt Restructuring
1.11.2022
The company over the past 10 weeks has returned 26,200 miners to NYDIG in exchange for the extinguishment of $67.4 million of debt
SushiSwap to create three DAOs in Panama and Cayman in business restructuring
26.10.2022
The proposal received 100% votes, establishing the DAO Foundation, the Panamanian Foundation, and the Panamanian Corporation
Crypto Exchange SushiSwap Approves Restructuring, Will Create Three Firms for DAO
26.10.2022
The DAO will be divided into three organizations, which would be based in Panama and the Cayman Islands
Coinflex plans give 65% of company to creditors as part of restructuring proposal
22.9.2022
Subject to a vote and court approval, the plan proposed CoinFlex creditors own 65% of the company, while its team members be allocated 15% of the company's shares
Algorand Foundation outlines $35M exposure to crypto lender Hodlnaut
12.9.2022
The Foundation stated that it is “pursuing all legal remedies to maximize asset recovery.”
Crypto Exchange Zipmex Appoints Restructuring Firm to Forge Recovery Plan
26.8.2022
Cryptocurrency exchange Zipmex has appointed a restructuring and financial firm to assist with a recovery plan after it was forced to halt withdrawals and seek protection from creditors
Bitcoin Miner Stronghold Digital In Debt Restructuring Negotiations With Lenders
16.8.2022
Stronghold Digital Mining had repeatedly delayed its earnings release
CoinFLEX Files For Restructuring in Seychelles
10.8.2022
Crypto futures exchange CoinFLEX has filed for restructuring in Seychelles as part of its plans to improve its financial situation
Crypto Turmoil Latest: Nuri Files for Insolvency while CoinFlex Files for Restructuring
10.8.2022
The crypto winter continues to claim victims, with German crypto exchange Nuri and Africa-based CoinFlex being the latest to make moves.
Nuri GmbH, one of Germany’s largest crypto exchanges, has filed for insolvency with a Berlin court, the company said in an announcement on Tuesday....
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Singapore High Court Grants Crypto Lender Vauld Temporary Protection From Creditors
3.8.2022
Singapore-based Vauld will have some breathing space after the country’s High Court gave its parent company creditor protection for the next three months. The decision comes as the troubled crypto lending platform seeks acquisition by rival Nexo. Vauld to Have 3 Months for Restructuring,...
Crypto lender Vauld granted three-month protection from creditors
2.8.2022
Vauld's parent company Defi Payments Ltd says the moratorium granted on Monday will give it the necessary breathing room to form a restructuring plan
Report: Equitiesfirst Named as Mystery Debtor to Celsius, $439 Million Owed to Crypto Lender
17.7.2022
Ever since Celsius paused withdrawals on June 12, the company has been the focus of attention due to the lender’s financial hardships. A month later, Celsius filed for bankruptcy in the U.S. by leveraging the Chapter 11 process. Two days after the bankruptcy filing, a report disclosed that...
Celsius Network 'Could Stick Around' After Bankruptcy, Restructuring Expert Says
14.7.2022
Ryan Preston Dahl, a partner at Ropes & Gray, joined CoinDesk TV’s “First Mover” to discuss the crypto lender’s bankruptcy filing
CEL Crashes as Celsius Enters New Chapter of Its Saga and It's Restructuring
14.7.2022
After reportedly returning all of its debt to DeFi lending protocols, troubled crypto lender Celsius (CEL) said it has initiated voluntary Chapter 11 proceedings in the US in an attempt to stabilize its business. CEL dropped following the announcement.
At 03:03 UTC, CEL trades at USD 0.538 and...
Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival Vauld
6.7.2022
Leading cryptocurrency lender Nexo has offered to buy distressed competitor Vauld, which halted operations in the face of financial difficulties. The proposal comes after the Singapore-based company said it was exploring restructuring options. Nexo Secures Exclusive Agreement to Explore...
Crypto Lender Vauld Suspends Withdrawals, Company Is Discussing ‘Restructuring Options’ With Advisors
4.7.2022
On July 4, the crypto lending company Vauld announced it suspended withdrawals, trading, and deposits after disclosing the firm is “facing challenges.” While not naming any specific companies, the Singapore-based cryptocurrency lending platform and exchange mentioned “financial...
Crypto Lender Celsius Cuts 150 Jobs Amid Restructuring: Report
4.7.2022
Withdrawals are still paused and the company has hired restructuring experts as it faces a financial crisis
Troubled Crypto Lender Babel Finance Looking to Hire Restructuring Specialist Houlihan Lokey: Sources
1.7.2022
Babel is in the process of signing an engagement letter with the investment banking firm, a source said
Celsius Shareholder BnkToTheFuture Proposes Bitcoin Investments, Restructuring in Rescue Bid
1.7.2022
Community investing protocol BnkToTheFuture put forth three proposals in a bid to save Celsius from going under