Retail industry is one of the most crucial elements in people’s lives. Today, Amazon (NASDAQ: AMZN), Walmart (NYSE: WMT) and more walk this ground proudly. Recently, a Dallas-based retail organization...
Tag: Bankruptcy
Argo Blockchain sells Texas mine to Galaxy Digital to avoid bankruptcy
Argo Blockchain, a top-tier mining company for cryptocurrencies, recently declared that it had reached an agreement with Galaxy Digital Holdings on a legally binding agreement that would benefit both ...
Celsius, FTX, Voyager users sell bankruptcy claims for pennies on the dollar
Hundreds of Celsius, FTX, and Voyager customers have opted to avoid the bankruptcy process by selling their claims for a fraction of their face value, the Wall Street Journal reported. Mt. Gox serves ...
Galaxy Digital Bails Out Bitcoin Miner Argo Amid Bankruptcy Rumors
Bitcoin miner Argo Blockchain announced on Wednesday that it reached a deal with Galaxy Digital in an effort to avoid the threat of bankruptcy. Upon the agreement, Galaxy Digital will acquire Argo’s t...
Argo Blockchain stock spikes 102% as bankruptcy risk averted
Argo Blockchain (NASDAQ: ARBK) (LSE: ARB) shares today shot up by over 100% following the company securing a $100 million deal with Galaxy Digital. Argo was headed for bankruptcy as it published draft...
FTX Bankruptcy Sees Midas Investments Announce Closure
On Tuesday, Midas Investments announced its sudden closure in a blog by its CEO Iakov “Trevor” Levin. As a result of significant losses in 2022, the platform that focused on DeFi yields is closing its...
Mining Firm Shares Soar 120% as Company Fights Bankruptcy
The shares of embattled crypto mining firm Argo Blockchain rose 120% in London after a sale and refinancing agreement with Galaxy Digital Holdings. Argo’s stock rose to roughly $1 as investors welcome...
FTX Customers File Class Action to Claim Assets Within Bankruptcy Case – Bitcoin News
A group of customers are now suing FTX in an attempt to become the first to recover funds from the insolvent cryptocurrency exchange. The lawsuit, filed as part of the bankruptcy case in Delaware, see...
Bitcoin Miner Argo Blockchain Will Avoid Bankruptcy With $100M Bailout From Novogratz’s Galaxy Digital
Bitcoin miner Argo Blockchain (ARBK) will avoid filing for bankruptcy protection after it agreed to sell its Helios mining facility in Dickens Country, Texas, to Galaxy Digital for $65 million. The mi...
DOJ Investigating $372,000,000 That Disappeared From FTX Shortly After Bankruptcy: Report
The U.S. Department of Justice (DOJ) is reportedly investigating a $372 million hack on the bankrupt crypto exchange FTX. Bloomberg Law, citing an anonymous “person familiar with the case,” reports th...
Argo Blockchain to avoid bankruptcy with $100m from Galaxy Digital
Argo Blockchain has negotiated a $100 million deal with Galaxy Digital which will help it avoid bankruptcy. The crypto mining firm’s share price has soared more than 102% following the announcement of...
US Probes How $372 Million Vanished in Hack After FTX Bankruptcy
(Bloomberg) — Federal prosecutors are investigating an alleged cybercrime that drained more than $370 million out of FTX just hours after the cryptocurrency exchange filed for bankruptcy last mo...
Argo Blockchain Proceeds To Avoid Bankruptcy With $100 Million Bailout
The recent turmoil in the cryptocurrency market has sent severe shockwaves to the mining industry with low crypto values and rising energy costs, creating an unstable situation for several leading min...
US to investigate $372 million stolen in FTX exploit post bankruptcy
Hours after defunct crypto exchange FTX and hedge fund Alameda Research filed for bankruptcy on Nov. 11, large amounts of funds were moved out of the exchange. Both firms were owned by Sam Bankmand-Fr...
Donald Trump’s NFTs heading for bankruptcy?- The Cryptonomist
It appears to be official: Donald Trump’s NFTs are plunging, with hype dying down and a drop of about 70%. Last week, Donald Trump’s first official NFT collection was the news of the moment in the cr...
FTX, Luna, Celsius, Voyager: The Year of Crypto Bankruptcies
When the subject is cryptocurrencies, bitcoin usually dominates. The most popular of the digital currencies has often been confused by the general public as the one representing the entire cryptocurr...
Twitter No Longer in Fast Lane to Bankruptcy – Featured Bitcoin News
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 t...
SBF Spotted in JFK Airport Lounge Amid FTX Bankruptcy
Citizen journalists reportedly sighted FTX founder Sam Bankman-Fried (SBF) at the business class lounge of John F. Kennedy (JFK) international airport. The sightings come just three days after SBF was...
FTX Paid $12M Retainer to Law Firm Before Bankruptcy Filing
Before filing for bankruptcy, FTX paid its lead lawyers over $12 million to oversee the earliest parts of its Chapter 11 bankruptcy proceedings. According to court filings, the now-bankrupt cryptocurr...
“I knew What I Was Doing Was Wrong,” Says FTX Co-Founder
The situation is getting worse for Sam Bankman-Fried, whose crypto empire went bankrupt just days after being at the center of the crypto sphere. The regulators, who are trying to piece together what...
FTX indemnifies $12 million as security before filing for its Bankruptcy
17 seconds ago | 2 mins read News FTX paid its lawyers a whopping $12 million as a retainer to its Chapter 11 bankruptcy proceedings. District Judge Ronnie Abrams steps down from the FTX case. The FTX...
FTX Claims Right Over $450M Robinhood Shares in U.S Bankruptcy Court
Editors News Ownership of the shares is being disputed by three parties at present. BlockFi claims these shares had been pledged as security against $680M loan. Sam Bankman-Fried’s defunct cryptocurre...
FTX paid $12M retainer to a New York law firm before bankruptcy filing
Defunct crypto exchange FTX paid a retainer of $12 million to bankruptcy lawyers as security for payment of its fees and expenses amid Chapter 11 bankruptcy proceedings, shows a court filing dated Dec...
FTX Battles for Control of $450M Robinhood Shares in US Bankruptcy Court
Sam Bankman-Fried’s bankrupt cryptocurrency exchange FTX is seeking help from a United States Bankruptcy Court to gain control of $450 million worth of Robinhood shares. The portfolio holds 56 million...
Is Crypto Firm Block Fi Next in Line to File Bankruptcy?
2022 has been an atrocious year for cryptocurrency. Many digital asset companies have been forced into dark places and filed for bankruptcy, and it looks like leading blockchain firm Block Fi might be...
FTX asks bankruptcy judge to stop BlockFi from claiming Robinhood shares
Embattled crypto exchange FTX asked for the assistance of a United States bankruptcy judge to prevent crypto lending firm BlockFi from claiming around $450 million worth of Robinhood shares purchased ...
BTC miner Core Scientific gets interim nod for $37.4M bankruptcy loan
A U.S. bankruptcy court has granted Bitcoin (BTC) miner Core Scientific interim approval to access a $37.5 million loan from existing creditors to fund the firm amid its liquidity issues. Core Scienti...
FTX creditor committee hires Paul Hastings LLP for bankruptcy proceedings: Report
After taking pitches from many law firms, the nine-member committee representing unsecured creditors of the disgraced crypto exchange FTX has decided on a legal adviser, the Wall Street Journal report...
Bitcoin Mining News: Core Scientific Filed For Bankruptcy
Core Scientific was among leading crypto miners in the crypto industry. The mining firm reportedly has 51-200 employees. Core Scientific, a global crypto mining company, filed for bankruptcy on Wed...
Bitcoin Miner Core Scientific to File for Bankruptcy but to Continue Mining
By the end of trading on Tuesday, the company’s market capitalization had dropped to $78 million from a $4.3 billion valuation in July 2021 when the company went public. Major crypto mining company Co...
IDS share price is at risk amid rising Royal Mail bankruptcy fears
IDS (LON: IDS) share price has been in a freefall in 2022 as the company fights for its life. The stock of Royal Mail’s parent company plunged to a low of 174.3p in October, which was about 67% below ...