Tag: Restructuring
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 [...]
FLEX Token Rises 21% After CoinFLEX Restructuring Plan Approved
FLEX, the native token of the CoinFlex exchange, has risen by 21% after it emerged that a restructuring plan in the Seychelles had been approved.
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Binance US restructuring plan favored by 97% of Voyager customers
A move by Binance US to acquire assets belonging to the bankrupt crypto lending firm Voyager Digital has been favored by 97% of Voyager’s customers.A [...]
Crypto Lender Voyager Says Majority of Customers Voted for Restructuring Plan With Binance US
A majority of the company's creditors also voted to opt their claims into a "wind-down entity," according to a breakdown of votes included in a declar [...]
Crypto Lender Vauld Gets Further Extension for Restructuring Plan
Vauld now has until March 24 to present its restructuring plan. Its existing legal protection from its creditors expires on Feb. 28.
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