Core Scientific, one of the world’s biggest bitcoin mining stocks, is reportedly preparing to file for bankruptcy on Wednesday after struggling under the weight of its debt. The Texas-based firm’s cas...
Tag: chapter 11
Bankruptcy experts weigh in on next steps for FTX
Episode 118 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro, Dan Besikof, a Partner at Loeb & Loeb, and Mark Shapiro, a Partner at Shearman & Sterling. L...
JPMorgan Chase, Wells Fargo among potentially exposed FTX parties
FTX has named Kroll Restructuring Administration as its agent as it navigates the federal bankruptcy process and cited dozens of companies and people affected by its collapse, a petition filed by the...
An Initial Look at The Fallout from FTX’s Collapse
November 14, 2022, 4:37PM EST • 4 min read Quick Take Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion. This issue of Rapid Insights summarizes the latest d...
Celsius creditors face fallout from U.S. bankruptcy disclosure process
Celsius filed a trove of documents this week containing users’ names and information about certain transactions, setting off a wave of concern among some creditors, despite the disclosure of such info...
Justice Department seeks to block withdrawal motion in Celsius case
The representative for the Department of Justice in the Celsius bankruptcy case is looking to block the firm’s attempt to reopen withdrawals for certain customers until after an independent inve...
Court appoints examiner in Celsius bankruptcy case
The court has approved an examiner for the Celsius bankruptcy case, according to a new order signed by bankruptcy judge Martin Glenn. The U.S. Trustee, the representative of the Department of Justice ...
Voyager files proposed order to facilitate FTX sales process
Voyager counsel filed a proposed order last night to authorize its sale to FTX US, providing more insight on the $1.4 billion winning bid and the path forward for customers. After a two-week-long au...
Compute North’s CFO details the firm’s collapse amid first-day filings
A series of filings is providing more color on why Compute North filed for bankruptcy protection just one day after the firm began the Chapter 11 process. A hearing took place this morning to approve...
Compute North sued two months before declaring bankruptcy
Bitcoin mining host provider Compute North is facing a lawsuit from one of its partners for failing to return almost $1.4 million after an agreement went sour. NBTC Limited, a subsidiary of Chinese ga...
US Trustee moves to appoint examiner in Celsius bankruptcy case
The United States Trustee wants to appoint an examiner to embattled lender Celsius to produce an unbiased public report providing transparency on the firm’s business operations, investments, tra...
Voyager to begin processing cash withdrawals next week
Voyager will begin processing cash withdrawals next week, according to a new announcement from the lender. Voyager’s account was frozen as part of its Chapter 11 bankruptcy proceedings, but yest...
Voyager approved to return $270 million in cash deposits to customers
The bankruptcy court deciding Voyager’s Chapter 11 case gave its approval for the firm to return up to $270 million to customers. Judge Michael Wiles, who is presiding over Voyager’s case ...
Bankrupt Crypto Lender Celsius Could Leave Customers Last In Line To Get Paid
Alex Mashinsky, chief executive officer of Celsius NetworkPhotographer: Dania Maxwell/Bloomberg © 2018 Bloomberg Finance LP What Happened Earlier this month, crypto lender Celsius Network filed for Ch...
Former Voyager executive vies for an alternative restructuring plan
Voyager’s former Chief Innovation Officer Shingo Lavine and his father and business partner Adam Lavine are pushing back on the embattled lender’s restructuring plan and calling for the ba...
Voyager Digital Chapter 11: Analyzing FTX’s Proposal
July 25, 2022, 1:06PM EDT • 3 min read Quick Take FTX Trading, West Realm Shires and Alameda partnering together to purchase Voyager’s digital assets and digital asset loans Offer excludes all loans i...
Will Any Retailers File For Chapter 22 In 2022?
NEW YORK – JUNE 01: A sign leading to U.S. Bankruptcy Court in lower Manhattan is seen June 1, 2009 … [+] in New York City. General Motors filed for Chapter 11 bankruptcy protection June 1...