Tag: bankruptcy
Bankruptcy law firm S&C absolved from misconduct according to new FTX proposal
FTX’s amended plan contains an exculpation clause that could absolve Sullivan & Cromwell, along with all debtors,…
Bankruptcy judge signs off on $450M FTX-Voyager settlement
According to the terms of the deal, FTX will “relinquish any and all rights” to $450 million…
Core Scientific wins court approval to enact reorganization plan, exit bankruptcy
The Bitcoin mining firm Core Scientific announced on Jan. 16 that it has obtained court approval to…
FTX loses $53K every hour on ‘bankruptcy fees’ — latest filings show
Crypto exchange FTX has been burning through approximately $53,000 every hour over the three months ending Oct….
SafeMoon falls 31% in five hours after filing for Chapter 7 bankruptcy
The token of decentralized finance protocol SafeMoon (SFM) has fallen 31% in five hours after the company…
Core Scientific explains its latest bankruptcy plan ahead of court date
Bitcoin (BTC) miner Core Scientific has released a presentation outlining its plans to emerge from bankruptcy in…
Court confirms Celsius bankruptcy exit plan, $2B in crypto to go to creditors
The Celsius bankruptcy plan has been approved. The path is now clear for customers to see some…
BlockFi emerges from bankruptcy, Worldcoin halts USDC payments and more
Crypto lender BlockFi announced its emergence from insolvency this week, just a few days after FTX announced…
BlockFi emerges from bankruptcy and opens wallet withdrawals
Crypto lending platform BlockFi has emerged from bankruptcy and is ready to pay back some of its…
FTX creditor claims heat up as bankruptcy proceedings drive forward
The market for FTX creditor claims has been heating up, with some claims now reportedly selling for…