Tag: bankrupt
Bankrupt Crypto Lender Cred’s Former Executives Indicted on Wire Fraud, Other Charges
Daniel Schatt, a Cred co-founder and former CEO, Joseph Podulka, former CFO, and James Alexander, the former chief capital officer, were indicted by t [...]
3AC’s Kyle Davies Says He Won’t Apologize for Crypto Hedge Fund Going ‘Bankrupt’
“Am I sorry for a company going bankrupt? No, like companies go bankrupt, almost every company goes bankrupt, right?” Davies said about the public sen [...]
Bankrupt Cryptopia Exchange to Return BTC, DOGE to Qualifying Creditors
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning medi [...]
Could the largest company in Mexico go bankrupt?
As an example, between 2019 and 2022, the semi-public Brazilian company Petrobras earned profits of $5.6 per barrel of processed crude.In short, two p [...]
‘Bankrupt’ Birmingham council plans up to 600 job cuts
Birmingham City Council is struggling to cope with a huge debt of more than £2.9bn.
www.bbc.co.uk [...]
‘Bankrupt’ Nottingham City Council outlines major cost-cutting plans
The measure was taken as the local authority was facing a £23m overspend for 2023-24, which in the council's view had mostly been caused by the increa [...]
Nottingham City Council declares itself effectively bankrupt
The authority announces it cannot balance its books and will have to stop non-essential spending.
www.bbc.co.uk [...]
Zipmex Restructuring Plan Offers Creditors 3.35 Cents on the Dollar: Report
The figure could rise to as high as 29.35 cents on the dollar depending on recoveries in relation to its debt restructuring plan. The proposals have b [...]
Bidder Aims to Save Bankrupt Trucking Firm Yellow
The plan would put Yellow back on the road with thousands of unionized drivers, but would force the government to wait longer for a loan repayment.
w [...]
Bankrupt crypto lender Genesis sues Gemini to recover $689M worth of ‘Preferential Transfers’
Bankrupt crypto lending platform Genesis Global Capital has filed a lawsuit against cryptocurrency exchange Gemini Trust to recover $689 million in pr [...]
Gemini Sues Bankrupt Lender Genesis, Its Former Partner, Over $1.6B Worth of GBTC
In an action filed as part of Genesis' bankruptcy case, Gemini is seeking to gain control of the GBTC shares, which, Gemini said, "would completely se [...]
Bankrupt Thurrock Council hopes to raise £1bn after solar farm sale
Thurrock Council says it hopes to pay off most of its debt from the sale of solar farms and land.
www.bbc.co.uk [...]
Bankrupt Crypto Exchange FTX Proposes Returning Up to 90% of Customer Funds
Binance has long been the world's largest cryptocurrency exchange by trading volume. Still, on Monday, traders looking to buy and sell bitcoin (BTC) q [...]
WOO Network Repurchases Shares and Tokens From Bankrupt Hedge Fund 3AC
According to a press release, WOO agreed to cancel shares purchased by 3AC in 2021's Series A fundraise and repurchase 20 million WOO tokens, worth ar [...]
Bankrupt CeFi firm Haru Invest hints at asset recovery
Bankrupt South Korean yield platform Haru Invest says it will return users' assets, although no particular timeframe is given.In a questions and answe [...]