Tag: bankruptcy
Council faces bankruptcy over SEND reform roll-out
The council's chief executive says: "If we get this wrong, we will be effectively bankrupt."
www.bbc.co.uk [...]
FTX to Sell Anthropic Shares Following AI Boom
According to Friday court filings, the top buyer is ATIC Third International Investment Company, a tech investment company wholly owned by the governm [...]
FTX Was Down to Last 105 Bitcoins When Bankruptcy Rescue Crew Arrived: John Ray
John J. Ray III Fires Back Against SBF’s ‘Delusional’ Claims Customers Lost No Money in FTX Collapse
www.coindesk.com [...]
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 [...]
Ahead of Sam Bankman-Fried’s Sentencing, FTX Users Describe ‘Emotional Toll’ From Bankruptcy in Letters to Judge
Some of these victim impact statements also appear to follow a form letter format, with recipients substituting their account values at the time of ba [...]
FTX Claims Holder Attestor Takes Creditor to Court Over Alleged ‘Seller’s Remorse’
According to court documents filed in New York on Jan. 29, Attestor, through a wholly-owned subsidiary called Svalbard Holdings Limited, made an agree [...]
Terraform Labs Allowed to Hire Law Firm Dentons In Bankruptcy Case by U.S. Court: Reuters
A U.S. court has allowed Terraform Labs to hire law firm Dentons to defend the company in a lawsuit brought against it by the U.S. Securities & Ex [...]
Bankrupt Cryptopia Exchange to Return BTC, DOGE to Qualifying Creditors
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Space company Astra going private to avoid bankruptcy
Rocket LV0006 tilts during liftoff.Astra / NASASpaceflightSpace company Astra will go private in a cut-rate deal with its founders after a dismal run [...]
SEC Objects to Terraform’s $166M Retainer of Law Firm Dentons: Reuters
The U.S. Securities and Exchange Commission (SEC) has raised objections to a $166 million retainer payment to lawyers of Terraform, according to Reute [...]
Winklevoss Twins’ Gemini Promises to Return $1.1B to Earn Customers in NYDFS Settlement
"In addition to Gemini's failures related to Earn, the Department's investigation revealed that Gemini engaged in unsafe and unsound practices that ul [...]
DCG Calls Out Genesis’ Settlement With New York as ‘Subversive’
Jason Brown, a former co-chief deputy of the attorney general's office and a former senior federal attorney in New York, backed DCG's objection to the [...]
Cheshire East Council asks for help to avoid bankruptcy
Cheshire East Council has asked the government for "exceptional financial support" to avoid having to declare itself effectively bankrupt.The authorit [...]
FTX’s Custody Unit Sold for 95% Less Than It Paid Months Before Collapse
DCI was initially bought to provide custodial services for FTX.US and U.S.-based LedgerX, but due to the collapse of the FTX empire, it was never inte [...]
Bankruptcy Was Crypto Winter’s Circuit Breaker
Societies have often frowned on bankruptcy, viewing it in moral terms as a breach of trust. But, in the wake of 2022's scandals, the process helped re [...]