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Tag: Chapter 11

Celsius looks to recover $2 billion withdrawn by 2% of accounts during its collapse

Bankrupt crypto lender Celsius Network is seeking the return of over $2 billion withdrawn by major customers shortly before its bankruptcy declaration in July...

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Core Scientific to Provide CoreWeave up to 16 MW of Data Center Infrastructure to Support AI and HPC Workloads in Long Term Hosting Contract...

Strategic extension of data center hosting business levers Core Scientific’s expertise in high value compute to broaden revenue model to customers engaged in rapidly...

Why WeWork’s collapse won’t spell the end of the industry

HONG KONG, Feb 22, 2024 - (ACN Newswire) - WeWork, a company once valued at US$47 billion, has filed for bankruptcy in the U.S.....

Genesis Approved to Sell $1.6B GBTC Shares – Decrypt

A U.S. bankruptcy judge has granted bankrupt crypto trading desk and lender Genesis permission to sell $1.6 billion worth of its Grayscale Bitcoin Trust...

FTX Plans To Sell Digital Custody Inc to CoinList for $500,000 After Acquiring the Firm for $10,000,000 – The Daily Hodl

Bankrupt crypto exchange FTX is planning on selling one of its subsidiaries, Digital Custody, Inc. (DCI), to CoinList at a massive discount. New court documents...

Sara Stratoberdha named new CEO of CoinDesk

Bullish, the new owner of CoinDesk, has initiated a major restructuring that includes replacing CEO Kevin Worth.  Sara Stratoberdha, the former head of business development...

Bankrupt Firms 3AC and BlockFi Reach Counterclaim Settlement—But Details Are Sealed – Decrypt

A judge approved a settlement of the counterclaims between bankrupt crypto hedge fund Three Arrows Capital and defunct crypto lender BlockFi yesterday.But the details...

US Judge Approves Sealed Settlement Between BlockFi and 3AC – Unchained

A U.S. bankruptcy judge approved a settlement resolving disputes between BlockFi and 3AC, ruling that the details should remain sealed because it would...

Multicoin Capital Looking to Sell $100 Million FTX Bankruptcy Claim: Report – Unchained

Crypto investment firm Multicoin Capital is reportedly in talks to sell its $100 million FTX bankruptcy claim. Multicoin had 10% of its funds...

Montenegro Extradites Terraform Labs Former CFO To South Korea

Advertisement &nbsp &nbsp Han Chang-joon, ex-CFO at the now-defunct Singapore-based crypto company Terraform Labs who worked alongside CEO Do Kwon, has been extradited to...

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