Search Results for "bankruptcy"
Core Scientific Set for Post-Bankruptcy Revival with NASDAQ Relisting
Core Scientific is set to emerge from bankruptcy in January 2024, with plans to distribute convertible notes and stock, and relist on NASDAQ, marking a significant turnaround for the Bitcoin miner.
Bankruptcy of FTX Incurs Over $200 Million in Legal Fees
An independent auditor has examined the legal fees incurred during the initial months of FTX's bankruptcy, revealing a staggering amount exceeding $200 million. The auditor justifies these significant fees, considering the monumental nature of the task at hand.
Bankrupt Compute North Permitted by Court to Operate Key Functions
Compute North, a cryptocurrency mining startup that filed for bankruptcy last week has been granted a number of allowances to continue some aspects of its business operations
Neutral Third Party to Examine Celsius' Finances
A neutral third party is set to examine the finances of Celsius Network which earlier this year filed for Chapter 11 bankruptcy.
QuadrigaCX Bankruptcy Trustee Announces Interim Distribution of Funds
QuadrigaCX's bankruptcy trustee, Ernst & Young, has announced an interim distribution of funds to the exchange's creditors. The announcement was made in consultation with estate inspectors, and a Notice to Affected Users will be posted soon with further details. However, some affected users may receive a Notice of Disallowance of Claim, with the right to appeal.
Celsius Network Shares Details of Its Creditor as it Raises Cyber Threat Concerns
Bankrupt cryptocurrency company Celsius Network has disclosed the information of its creditors in a filing recently provided in court, including names, addresses, amount owed, and email addresses amongst others
FTX Japan prepares refund
The Japanese division of the bankrupt FTX crypto exchange has a withdrawal path. The business said that FTX's bankruptcy does not affect its clients' assets. Japanese laws require crypto exchanges to segregate customer money from their own.
DCG Challenges Genesis Capital's Bankruptcy Plan for Overcompensation
DCG opposes Genesis Global Capital's bankruptcy plan, citing legal violations and ethical concerns over asset valuation and creditor compensation in the volatile crypto market.
German Crypto Neobank Nuri to Sets Date to Close its Business
German crypto Neobank, Nuri is closing shop later this year
Committee Appointed to Represent Unsecured Creditors in Genesis Global bankruptcy
In the Genesis Global bankruptcy case, unsecured creditors have a seven-member committee.
Property linked to FTX customer funds pulled from market
The seller withdrew a property tied to Sam Bankman-political Fried's expenditures.
Celsius Received Approval to Continue Bitcoin Mining
Celsius Network has been granted the approval to use its mined Bitcoin to offset some of the deficit incurred in its daily operations.