– Advertisement – Summary: A Seychelles court approved the restructuring plan submitted by embattled crypto exchange CoinFLEX. Trading for locked assets like LUSD and LETH remain halted un...
Tag: Restructuring
CoinFLEX restructuring approved in Seychelles as rebranding reportedly continues
Crypto investment platform CoinFLEX has received approval for its restructuring plan from the courts in Seychelles, the company announced March 7 on its blog. The courts are expected to publish the o...
Seychelles Court Approves CoinFLEX Restructuring Plan
A Seychelles court has approved the restructuring plan tabled by the Hong Kong-based crypto derivatives exchange CoinFLEX, the company said in a statement Tuesday. “We are pleased to confirm that on M...
CoinFLEX’s restructuring plan approval propels FLEX token higher
Ad Embattled crypto exchange CoinFLEX said it received approval for a restructuring plan from the Seychelles courts on March 6. The exchange added that it was halting the trading of locked assets lik...
CoinFLEX restructuring plan approved: FLEX price explodes
The price of FLEX (FLEX/USD), the native token of cryptocurrency exchange CoinFLEX, has soared to a daily high of $2.06. The sudden surge came against the backdrop of CoinFLEX getting approval for a r...
Coinflex says restructuring plan is approved by Seychelles court
Courts in the Seychelles, where crypto exchange Coinflex is based, approved its restructuring plans on Monday, according to a statement from the company. The court may publish the written order ...
Babel Finance explores new restructuring opportunities with DeFi project
Babel Finance, one of many cryptocurrency lending firms that suffered losses during the cryptocurrency winter of 2022, is exploring new restructuring opportunities to pay back its creditors. The Hong ...
Ford’s ‘balanced’ electric bet faces crucial 2023 as restructuring takes hold
Racecar-loving Ford CEO Jim Farley is in the midst of what may be the biggest challenge of his professional life. Ford (F), which is celebrating its 120th anniversary this year, is pushing hard into w...
Crypto Lender Voyager Says Majority of Customers Voted for Restructuring Plan With Binance.US
A majority of the company’s creditors also voted to opt their claims into a “wind-down entity,” according to a breakdown of votes included in a declaration by Stretto director Letici...
97% of Voyager’s Customers Vote in Favor of Binance.US Restructuring Plan
Nearly all customers of bankrupt crypto broker Voyager Digital have voted in favor of the company’s plan to sell its assets to Binance.US, the American affiliate of the crypto giant. According to a Tu...
FTC Objects to Voyager Digital Restructuring Plan, Citing Ongoing Investigation
The Federal Trade Commission has objected to crypto broker Voyager Digital’s third attempt at a bankruptcy restructuring plan, saying it would unlawfully bar the company from being held accountable fo...
Judge Approves Compute North Restructuring Plan
A judge approved the mining firm, Compute North’s restructuring program after it filed for bankruptcy in September 2022. According to the mining firm’s lawyer James Grogan, the firm reportedly reached...
Magic Eden Cuts 15% of Staff, Takes ‘Hard Look’ at Restructuring
NFT marketplace Magic Eden said Monday it would axe roughly 15% of its staff as part of its company-wide restructuring efforts this year. Out of 144 employees, 22 will be let go, CEO and co-founder Ja...
Magic Eden Undergoing Restructuring Process, Lays Off 22 Employees
Following a spree of layoffs across the crypto industry in 2022 – a microcosm of the tech industry at large, which also saw plenty of reductions last year – Magic Eden becomes the latest company to cu...
Magic Eden Announced Workforce Reduction as Part of Restructuring
According to Jack Lu the company needed to make changes. MoonPay and Magic Eden announced a partnership. As part of a company-wide restructuring, non-fungible token (NFT) marketplace Magic Eden announ...
Celsius‘ motion to extend timeline for restructuring plan faces objection from creditors
The unsecured committee of creditors and others involved in crypto lending firm Celsius’ bankruptcy case have objected to a motion from the debtors delaying a reorganization plan. In separate Feb. 8 c...
Celsius Faces Objection Over Its Restructuring Extension Proposal
Unsecured Creditors of Celsius have opposed the crypto lender’s proposal to extend its restructuring period. The U.S Trustee and an ad hoc group of borrowers are also objecting to the bankrupt crypto ...
Genesis creditor reveals new proposed restructuring plan that will see creditors getting back
According to information provided by a Genesis creditor, the most recent suggested restructuring plan between Genesis, Digital Currency Group, and creditors would result in creditors receiving at leas...
Genesis creditors to expect 80% recovery under proposed restructuring plan
A Genesis creditor has revealed the new proposed restructuring plan between Genesis, Digital Currency Group and creditors will see creditors getting back at least 80% of their funds. On Feb. 6, Genes...
Genesis Bankruptcy Restructuring Advances with DCG’s Plan to Sell Trading Division
Digital Currency Group (DCG) and its subsidiary Genesis have reached an agreement with a key group of creditors over the restructuring of its crypto trading business and lending arm, which filed for b...
DCG and Genesis branches agree on a restructuring plan: CoinDesk
Digital Currency Group and Genesis subsidiaries have reached an initial agreement on a restructuring plan with a group of the firm’s main creditors, according to CoinDesk. This comes after Gene...
Emails between advisor and Voyager restructuring attorney surface
Recent reports revealed emails between the current FTX advisors and Voyager’s restructuring attorney, raising questions on if FTX advisors knew anything about the exchange. Leaked emails between FTX ...
Leadership Wisdom From A Broadway Star
“Almost Famous” marquee, pictured January 28, 2023 Eric Pliner, 2023 On December 20th, producers of Almost Famous announced the closure of the Cameron Crowe-penned Broadway musical based o...
Celsius Proposes Issuing New Tokens as Part of Restructuring Plan
9 hours ago | 2 mins read Defi News The results of the voting would be considered by U.S. Bankruptcy Judge Martin Glenn. Celsius plans launching a new company and rewarding creditors with a new token....
Celsius Hints at New Token Launch as Part of Restructuring Plan: Report
There may be a new Celsius token on the horizon. As part of the defunct crypto lender’s reorganization plans, Celsius is mulling the issuance of a new crypto token that would let the firm raise ...
Yellen’s Comments on Zambia’s Debt Restructuring Draw Criticism From Chinese Embassy – Economics Bitcoin News
The Chinese embassy in Zambia denounced the United States over its debt limit and the “extraordinary measures” Treasury secretary Janet Yellen has implemented to stave off a U.S. debt default. Yellen ...
Distressed Crypto Firm Vauld Given New Deadline for Restructuring Plan as Customer Funds Remain Frozen: Report
Embattled crypto lender Vauld now has until February 28th to come up with a restructuring plan without getting hounded by claims from creditors. The company is initially set to submit its revival plan...
Crypto Lender Vauld Granted Extension for Restructuring Plan
Embattled crypto lender Vauld has been granted an extension on the period of creditor protection by a Singapore court to February 28, 2023. Cryptocurrency lending platform, Vauld’s period of creditor ...
Distressed Crypto Firm Vauld Receives More Time to Present a Restructuring Plan (Report)
The Singaporean authorities have reportedly granted Vauld an extended period of creditor protection. The cryptocurrency lender has until February 28 to introduce a revival plan. Vauld is one of the w...
Hodlnaut Creditors Demand Liquidation Over Restructuring Plan
11 hours ago | 2 mins read Defi News An application to remove the temporary judicial managers was denied at a hearing. In August 2022, Hodlnaut stopped processing withdrawals due to lack of liquidity....
Opinion: Zuckerberg and Intel are shipping the proceeds from their layoffs straight to Wall Street
For years, Wall Street groused about Silicon Valley’s refusal to pay dividends and buy back stock as tech companies grew into cash-generating machines. That is no longer a problem, even though those t...