Tag: Restructuring
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, 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
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 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
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
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 has outlined its intended re-organization plan that will categorize claimants of the bankrupt exchange into specific classes and pave the way [...]
NFT Now Cuts Jobs in Restructuring Move
Alejandro Navia, President of NFT Now, tweeted that the Web3 publication had “over-hired.” Meanwhile, another founder of NFT Now’s Twitter was hacked [...]
Algorand Foundation Among Creditors That Oppose Restructuring of Trouble Crypto Exchange Hodlnaut
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Google DeepMind restructuring aims to deliver next-gen AI breakthroughs
Google and Alphabet CEO Sundar Pichai announced the merger of two entities with the company to form a separate business unit dedicated to the developm [...]
Zipmex requests 2-month extension from Singapore court for restructuring plan
Cryptocurrency exchange Zipmex has requested another extension which would allow for a longer moratorium on its debt in Singapore amid the firm’s liqu [...]
Crypto exchange Huobi returns to profitability in Q1 after restructuring
According to an Apr. 10 post by Justin Sun, the de facto owner of cryptocurrency exchange Huobi Global, the firm recognized $150 million in revenue du [...]
Celsius Network to make April 12 filing, including info on voting for restructuring plan
Bankrupt crypto lender Celsius Network has announced it will be moving forward on its Chapter 11 restructuring plan with a disclosure statement contai [...]
Crypto Exchange Zipmex's Restructuring Plan Approved by Singapore Court
Crypto Exchange Zipmex's Restructuring Plan Approved by Singapore Court
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CoinFLEX restructuring approved in Seychelles as rebranding reportedly continues
Crypto investment platform CoinFLEX has received approval for its restructuring plan from the courts in Seychelles, the company announced March 7 on i [...]