Crypto mining firm Compute North has filed for Chapter 11 bankruptcy protection in a federal court. The bitcoin mining hosting provider had been struggling to survive due to the decline in bitcoin pri...
Tag: Bankruptcy
Bitcoin mining firm Compute North files for bankruptcy, CEO resigns
Bitcoin (BTC) mining data center operator Compute North filed for Chapter 11 Bankruptcy, adding that CEO Dave Perrill resigned earlier in September. The firm reportedly owes $500 million to about 200 ...
Crypto-Mining Data Center Compute North Files for Bankruptcy, CEO Steps Down
Compute North, one of the largest operators of crypto-mining data centers, filed for bankruptcy and revealed that its CEO stepped down as the rout in cryptocurrency prices weighs on the industry. The ...
Binance and FTX lead Voyager auction: WSJ
Crypto exchanges FTX and Binance are leading the auction for embattled crypto-lender Voyager, according to a new report from the Wall Street Journal. The auction for Voyager began last week in the law...
New York Bankruptcy Court Orders Alameda Repay $200M Voyager Loan
A court has ordered crypto market maker Alameda Research to return $200 million worth of cryptocurrencies it borrowed from Voyager Digital. Voyager had requested that Alameda repay the loan, which has...
U.S. FTC Files Motion to Be Included in Celsius Bankruptcy Proceedings – crypto.news
The U.S. Federal Trade Commission (FTC) has filed a motion to be included in Celsius Network’s ongoing chapter 11 proceedings. Lawyers Request For Documents Relevant to Bankruptcy Proceedings In a fil...
Here is why a Examiner Appointed in The Celsius Bankruptcy Case
In a recent leaked recording, Celsius is attempting to revive after it fell into a financial burden. The Southern District of New York bankruptcy judge appointed an independent examiner to examine the...
Opinion: Crypto in the Age of Bankruptcy
When it comes to crypto, we’re witnessing a wide array of new elements that have not been witnessed before. We are seeing several companies – from Celsius to Voyager Digital to Three Arrows Capital – ...
FTX to buy Voyager Digital’s Assets out of bankruptcy.
FTX has acquired the position of the top bidder in reference to Voyager Digital. FTX and Wave battled in the last round of the auction. FTX, a crypto derivatives exchange, is willing to buy the assets...
Examiner Appointed to Celsius Bankruptcy Case, Crypto Lender Files for Access to $23M in Stablecoins – Bitcoin News
According to a recently leaked recording stemming from the bankrupt crypto lender Celsius, the business is attempting to revive the company after falling into a financial burden. Following the leak, a...
Auction for Voyagers Digital’s Assets Following Bankruptcy Procedures –
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FTX Is in the Lead to Buy Crypto Lender Voyager Digital’s Assets Out of Bankruptcy: Source
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Crypto Lender Voyager’s Bankruptcy Auction Begins
Crypto lender Voyager Digital Ltd., which is at present bankrupt, has begun its auction in New York. The venue for the auction is at the midtown office of investment bank Moelis. The auction can stret...
Celsius: Judge permits independent examiner’s probe in bankruptcy case
A federal judge from the United States Bankruptcy Court for the Southern District of New York has allowed the U.S. Trustee’s office to appoint an independent examiner to investigate the affairs at the...
Celsius bankruptcy judge gives the nod for independent examiner probe
A federal judge overseeing crypto lender Celsius’ bankruptcy case has given the green light for the motion to appoint an independent examiner to investigate aspects of Celsius’ business. In an order d...
Celsius Bankruptcy Case to Get Independent Examiner
Celsius prompted bankruptcy filing this summer as it froze customer withdrawal from its platform. To investigate the case of Celsius Network and its eventual bankruptcy, a United States bankruptcy jud...
Judge Approves Use of Independent Examiner in Crypto Lender Celsius’ Bankruptcy Case
Celsius initiated bankruptcy proceedings earlier this summer after freezing users withdrawals on its platform in June due to “extreme market conditions.” Trouble began for the firm when spooked retail...
Bankruptcy Judge Approves For Independent Examiner
Judge Martin Glenn has approved a request to appoint an examiner in the Celsius case Examiner will look into why there was a change in account offerings Alex Mashinsky would need to provide informatio...
Independent probe approved for Celsius bankruptcy case
Following concerning reports that Celsius Network may have been insolvent since 2019, an independent probe into the crypto lender’s finances has been approved by a federal judge. An examiner will inve...
Federal Trade Commission (FTC) set to join the Celsius bankruptcy case
Join Our Telegram channel to stay up to date on breaking news coverage The US Federal Trade Commission (FTC) is set to join the ongoing bankruptcy case for the Celsius crypto lending firm. The FTC has...
Celsius CEO okay with bankruptcy because people still drink Pepsi
Celsius CEO Alex Mashinsky says that entering Chapter 11 bankruptcy is just a test for the embattled lender and claims he has a three-step plan to successfully “restart” the business. Mashinsky reveal...
Federal Trade Commission seeks entry into Celsius bankruptcy case
The Federal Trade Commission filed Tuesday to join the bankruptcy proceedings of crypto lender Celsius. According to court documents, FTC attorneys Katherine Aizpuru and Katherine Johnson have asked ...
Following its bankruptcy, Voyager Digital will sell its last assets this month
Join Our Telegram channel to stay up to date on breaking news coverage Last Tuesday, Voyager Digital, an insolvency centralized virtual currency creditor, filed a petition to the US Bankruptcy Court i...
Did Celsius Network Manipulate CEL Token? Here’s What Bankruptcy Regulator Has To Say – Coinpedia – Fintech & Cryptocurreny News Media
Crypto lender Celsius continues to take unexpected turns now. After accusing the former manager of stealing millions of dollars, the bankrupt lender has now faced big trouble. The Vermont Department o...
Celsius Crypto Borrowers Call for Bankruptcy Trustee, Oppose US DOJ Move to Appoint Examiner
The regulator went so far as to imply that Celsius operated like a Ponzi scheme, saying the company’s admission that it did not generate enough revenue to support its yield product “shows a high level...
Regal Cinemas Parent Company Cineworld Files For Bankruptcy In U.S.
Topline Cineworld, the parent company of Regal Cinemas and the second-largest largest movie theater chain in the world, filed for Chapter 11 bankruptcy in the U.S. on Wednesday, after the theater indu...
7 Critical Events in the Celsius Bankruptcy Case
Creditors, including retails depositors, still don’t know how much of their assets they can recover, and when Celsius struggles to balance operating its remaining businesses, grappling with legal batt...
3AC Withdraws $45m from Curve and Convex amid Bankruptcy
Three Arrows Capital (3AC) might have declared bankruptcy, but the firm is still conducting a number of robust transactions, according to insights derived from on-chain data. The company, which was a...
Bed Bath & Beyond’s turnaround plan is ‘too little too late’ to avoid bankruptcy, expert says
Bed Bath & Beyond (BBBY) unveiled its turnaround strategy this week, but it likely won’t be enough to save the company, according to a restructuring expert. “I’ve been in this business for 3...
Celsius’ latest bankruptcy court hearing sets stage for future decisions
The latest hearing in lender Celsius’ Chapter 11 bankruptcy case is setting the stage for future key decisions, but little tangible action was accomplished on key issues today. The hearing came ...