Judge John Dorsey of the United States Bankruptcy Court for the District of Delaware has denied a motion appointing an independent examiner for FTX. In a Feb. 15 hearing, Judge Dorsey said he had some...
Tag: Bankruptcy
Bankruptcy Judge Rejects New Investigation into FTX Collapse
A bankruptcy judge on Wednesday rejected calls for a new, independent investigation into the collapse of FTX. Reuters reports that Judge John Dorsey of the United States Bankruptcy Court for the Distr...
SBF bond signers revealed to be former Stanford faculty; FTX bankruptcy judge rules against probe
Ad Two notable developments concerning the bankrupt crypto firm FTX and its former CEO, Sam Bankman-Fried, occurred in court on Feb. 15. Stanford members signed SBF bail bond Previously, Judge Lewis K...
Bed Bath & Beyond’s $1 Billion Stock Deal: What to Know
It has been a whirlwind for Bed Bath & Beyond Inc.’s meme-stock investors, marked by a credit default, store closings and a last-gasp financing deal that saved the company from chapter 11. The tur...
FTX Bankruptcy Judge Denies US Trustee’s Request for Independent Examiner – Bitcoin News
The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postpo...
Stanford University’s Larry Kramer and Andreas Paepcke co-signed Sam Bankman-Fried’s bond
A pair of Stanford University academics co-signed FTX founder Sam Bankman-Fried’s bond, according to court documents unsealed on Wednesday. Larry Kramer, dean emeritus of Stanford Law School, s...
FTX’s Turkish Entities Dismissed From US Bankruptcy Proceedings
Delaware bankruptcy court Judge John T. Dorsey on Monday signed an order approving the dismissal of FTX’s Turkish entities from the collapsed exchange’s U.S. bankruptcy proceedings. The order was sig...
Diamond Sports prepares for possible bankruptcy
The Ohio Cup Trophy on top of a Bally Sports logo prior to a game between the Cincinnati Reds and Cleveland Guardians at Progressive Field on May 17, 2022 in Cleveland, Ohio. George Kubas | Diamond Im...
Missing A Debt Payment, Diamond Sports Is On The Verge Of Bankruptcy; Upending Local Sports Revenue Model
With Regional Sports Network Bally’s Sports expected to file for Chapter 11, Major League Baseball … [+] Commissioner Rob Manfred says MLB, if needed, could take over distributing live in-...
Judge denies request for FTX bankruptcy examiner
A judge denied a request to appoint an independent examiner in FTX’s bankruptcy case, noting that one would be too expensive when multiple investigations into the troubled crypto exchange are underway...
Avaya files for bankruptcy, about 5 years after emerging from previous bankruptcy
Avaya Holdings Corp. said Tuesday that it and all of its U.S. subsidiaries filed for bankruptcy, a little more than five years after emerging from its previous bankruptcy. The business communication c...
Bankruptcy court restricts KeyFi founder Jason Stone in Celsius case
KeyFi founder Jason Stone and others involved with the staking firm are barred from transferring or disposing of most property tied to the Celsius bankruptcy case, according to a temporary restraining...
Sorrento Therapeutics Stock Nosedives After Filing Bankruptcy Paperwork
COVID-19 drug and vaccine developer Sorrento Therapeutics Inc (NASDAQ: SRNE) is filing for bankruptcy following a lengthy legal dispute. The biotech submitted its Chapter 11 filing, per an SEC filing,...
Crypto Lending Firm Genesis Is All Set to File Bankruptcy
It’s happened again, folks. Another bankruptcy is in the crypto books. This time, the company that’s falling victim to alleged bankruptcy proceedings is Genesis, the crypto lending unit of the Digital...
Genesis Reveals Strategy to Repay Creditors After Declaring Bankruptcy
Bankrupt cryptocurrency broker Genesis has filed plans detailing how it will repay its creditors. According to a recent filing, the parent company of Genesis, Digital Currency Group (DCG), has agreed ...
Bed Bath & Beyond to Shut Down Canadian Stores in Bankruptcy
Bed Bath & Beyond Inc.’s Canadian division will shut down its stores under court protection after the company received an unusual lifeline earlier this week to save its U.S. operations from bankru...
Three Arrows Capital Co-Founder Announces New Crypto Venture Open Exchange Amid Bankruptcy Controversy – Bitcoin News
Following the recent court filing from liquidators for Three Arrows Capital (3AC) claiming frustration with the 3AC co-founders for allegedly failing to respond to subpoenas sent via Twitter. Su Zhu, ...
3AC Co-founder Opens Whitelist for Bankruptcy Claims Platform
Co-founder of bankrupt hedge fund Three Arrows Capital Su Zhu announced that the waitlist is open for OPNX, a new platform to trade claims for funds frozen on bankrupt exchanges. The new platform, cal...
Coin Cloud Files For Bankruptcy After Battling FTX Contagion
One of the U.S. and Brazil’s biggest Bitcoin ATM operators, Coin Cloud, filed for Chapter 11 Bankruptcy on Thursday, January 8, after the firm received a severe blow from the crypto winter and the FTX...
Major Crypto ATM Operator Coin Cloud Files for Bankruptcy – Featured Bitcoin News
One of the largest cryptocurrency ATM operators, Coin Cloud, which claims to operate more than 5,000 crypto ATMs, has filed for bankruptcy in the U.S. The company’s largest creditor is Genesis Global ...
Su Zhu unveils new OPNX exchange for trading trapped crypto funds
Su Zhu, a co-founder of the collapsed crypto hedge fund Three Arrows Capital, said Thursday that a waitlist is now open at a new marketplace called OPNX for trading claims and derivatives related to f...
Crypto ATM Provider Coin Cloud Files for Chapter 11 Bankruptcy
Crypto ATM provider Coin Cloud has filed for chapter 11 bankruptcy. Coin Cloud was one of the first major movers in the crypto ATM space, having been launched in 2014 by current CEO Chris McAlary. It ...
What creditors can expect from Genesis’ bankruptcy — and what others can learn
The holding company of troubled crypto lender Genesis Global Capital, Genesis Global Holdco LLC, filed for Chapter 11 bankruptcy protection in New York on Jan. 19. Genesis is the latest crypto platfor...
Coin Cloud crypto ATM operator files for bankruptcy, owes over $100M to Genesis
Cash Cloud, the operator of Coin Cloud digital currency automatic teller machines in the United States and Brazil, has filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court for the District of Neva...
Bed Bath & Beyond Narrowly Avoided Bankruptcy. What Happens Now?
Bed Bath & Beyond fought its way back from the brink of bankruptcy this week, striking a deal that promises a more than $1 billion-dollar lifeline. But while the move should help the embattled ret...
Leading Global Bitcoin ATM Provider Coin Cloud Files For Bankruptcy
Coin Cloud, one of the largest Bitcoin ATM operators in the US and Brazil, filed for bankruptcy this January 8, leaving nearly $500 million in liabilities. The crypto winter and the collapse of major ...
‘I am trying to feverishly save for retirement’: My fiancé pays $1,700 a month to the IRS and owes student debt. We’re both 57. Should I marry him for his Social Security and pension?
Dear Quentin, My fiancé and I met at age 42 after being recently divorced. We have (now-grown) children from our previous marriages, but none together. We keep our finances separate. Neither one of us...