SEC faces Aug. 20 deadline to unlock $123 million recovery fund for Terra investors
The US Securities and Exchange Commission (SEC) faces an Aug. 20 deadline to submit a plan for distributing…
Browsing Tag
Bankruptcy
1255 posts
Crypto miner warns of potential bankruptcy as unclosed financing leaves $33 million in maturing debt exposed
Under its current plan, the proposed Vulcan financing totals $39.4 million and would redeem $33.1 million in senior…
Poolin owes wallet users $163.7M, and its $52M Texas sale can still unravel next week
Poolin Technology and several affiliates entered Chapter 11 on July 22 with two proposed asset sales, worth a…
Judge lets FTX recovery trust chase Binance for $1.76 billion over a 2021 share buyback
The FTX Recovery Trust, which is pursuing assets for the bankrupt exchange’s creditors, can keep trying to recover…
FTX’s $900M payout drops Friday, triggering 6-month countdown for creditors to onboard or forfeit funds entirely
FTX will begin an approximately $900 million fifth distribution under its Chapter 11 plan on Friday, July 31,…
Why 37 million Celsius bankruptcy shares are blocked from an immediate cash-out despite Nasdaq debut
On July 28, Ionic Digital, which acquired Celsius Mining assets after Celsius Network’s bankruptcy, began trading on Nasdaq…
BitRiver Founder Faces Escalating Legal Challenges as Fraud Investigation Expands
[[{„value”:” Russian authorities detained BitRiver founder Igor Runets on expanded fraud charges. Prosecutors allege the case involves nearly…
Storj Files Chapter 11 Bankruptcy, Keeps Cloud Storage Services and STORJ Network Running
[[{„value”:” Storj filed for Chapter 11 to restructure legacy debt. The company will continue operating its cloud storage…
Bitcoin mining giant Poolin files for bankruptcy owing 11,700 users $164 million
Bitcoin mining pool Poolin Technology filed for Chapter 11 with $163.7 million in IOUs owed to wallet users.…
Senator Lummis says with CLARITY “your crypto stays yours” – but bankruptcy shields have limits
When Celsius collapsed, its Earn customers learned that the crypto in their accounts belonged to the bankruptcy estate,…