Tag: Restructuring

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CoinDesk’s New Owner Bullish Replaces CEO in Restructuring

CoinDesk’s New Owner Bullish Replaces CEO in Restructuring

CoinDesk and Bullish employees were informed of the changes via a memo on Thursday from Bullish CEO Tom Farley, who said the restructuring was designe [...]
Carvana targets redemption after bankruptcy concerns, restructuring

Carvana targets redemption after bankruptcy concerns, restructuring

A Carvana sign and signature vending machine in Tempe, Ariz.Michael Wayland/CNBCPHOENIX – As layoffs and cost cuts roil Wall Street, from retail and s [...]
Zipmex Restructuring Plan Offers Creditors 3.35 Cents on the Dollar: Report

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 [...]
CoinFLEX creditors dissatisfied with restructuring to OPNX: Report

CoinFLEX creditors dissatisfied with restructuring to OPNX: Report

Some creditors of cryptocurrency futures exchange CoinFLEX are alleging that OPNX, a new crypto exchange established in part by Three Arrows Capital ( [...]
Meta dissolves responsible AI division amid restructuring

Meta dissolves responsible AI division amid restructuring

Social media giant, Meta has reportedly disbanded its Responsible AI division, the team dedicated to regulating the safety of its artificial intellige [...]
Hodlnaut heading for liquidation after failure of restructuring, sale efforts

Hodlnaut heading for liquidation after failure of restructuring, sale efforts

Crypto lender Hodlnaut’s days appear to be numbered after the High Court of Singapore ended judicial management and ordered its liquidation. Users’ fu [...]
Patricia exchange CEO announces debt restructuring via convertible notes

Patricia exchange CEO announces debt restructuring via convertible notes

Following the launch of Patricia token (PTK) issued to customers to manage users’ debt by Patricia, a Nigerian cryptocurrency exchange, the chief exec [...]
BAYC creator Yuga Labs completes restructuring to focus on metaverse

BAYC creator Yuga Labs completes restructuring to focus on metaverse

Yuga Labs, a company behind the major nonfungible token (NFT) project, Bored Ape Yacht Club (BAYC), has completed restructuring amid the ongoing chall [...]
SEC raises concerns over Coinbase in objection to Celsius restructuring plan

SEC raises concerns over Coinbase in objection to Celsius restructuring plan

The United States Securities and Exchange Commission (SEC) has filed an objection to Celsius Network’s reorganization plan based in part on the regula [...]
Vauld gets permission for board restructuring from the court

Vauld gets permission for board restructuring from the court

Vauld, a Singapore-based crypto exchange, that has been ongoing bankruptcy proceedings since August 2022, has said that it received permission from th [...]
Hang Seng worry – fears a huge Chinese property company preparing for a debt restructuring

Hang Seng worry – fears a huge Chinese property company preparing for a debt restructuring

Country Garden is a pillar of the Chinese property sector. But for how much longer? Shares in the firm hit a record low on Friday with fears rising th [...]
FTX debtors and UCC clash over asset control in restructuring

FTX debtors and UCC clash over asset control in restructuring

FTX debtors led by chief restructuring officer John J. Ray III have expressed disapproval of traders and market makers within the Official Committee o [...]
FTX Lawyers Hit Back at Creditors Criticizing Restructuring Plan After ‘Many Months’ of Work

FTX Lawyers Hit Back at Creditors Criticizing Restructuring Plan After ‘Many Months’ of Work

The lawyers argued that this would "require relief from this Court," they would be faced with a separate risk of commingling of their treasury investm [...]
Core Scientific appoints Adam Sullivan as CEO amid restructuring process

Core Scientific appoints Adam Sullivan as CEO amid restructuring process

Publicly traded Bitcoin (BTC) miner Core Scientific has appointed Adam Sullivan its CEO. Sullivan, who previously served as the company’s president, t [...]
FTX.com releases restructuring plan, hints at rebooted offshore exchange

FTX.com releases restructuring plan, hints at rebooted offshore exchange

FTX.com has outlined its intended re-organization plan that will categorize claimants of the bankrupt exchange into specific classes and pave the way [...]
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