Tag: Restructuring
Crypto Analytics Firm Messari Cuts 15% Workforce as Part of Restructuring
The crypto intelligence firm, which is led by Ryan Selkis, had closed a $35 million Series B last year.
www.coindesk.com [...]
Magic Eden is Under Restructuring Process – Lays Off 22 Employees
What a sad day for Magic Eden employees after the announcement of laying off 22 members of the staff as part of the company’s restructuring process. A [...]
Magic Eden Lays Off 22 Staff as Part of Company-Wide Restructuring
Magic Eden Lays Off 22 Staff as Part of Company-Wide Restructuring
www.coindesk.com [...]
Celsius‘ motion to extend timeline for restructuring plan faces objection from creditors
The unsecured committee of creditors and others involved in crypto lending firm Celsius’ bankruptcy case have objected to a motion from the debtors de [...]
Celsius Proposes Restructuring to Offer One-Time ‘Meaningful Recovery’ Payout for Most Creditors
“[The distribution] would be at a discount. We’re not envisioning a full recovery, but it’s a meaningful recovery, Your Honor,” said Ross Kwastaniet, [...]
Crypto Lender Vauld Gets Another Extension for Submitting Restructuring Plan: Bloomberg
Vauld has received bids from two digital asset fund managers to take over the beleaguered lender after talks with Nexo broke down.
www.coindesk.com [...]
Hodlnaut creditors reject the restructuring plan, prefer liquidation
The Singapore-based troubled crypto lender is looking at a possible liquidation as the firm's creditors have rejected the proposed restructuring plan [...]
Hodlnaut Creditors Seek Liquidation, Reject Restructuring Plan: Bloomberg
The proposed restructuring plan would have allowed Hodlnaut directors who were at the helm during its collapse to continue managing the company. Liqui [...]
Bitcoin Miner Stronghold Continues Debt Restructuring With Convertible Preferred Share Issuance
The preferred shares will be convertible into common stock at a conversion price of $0.40 per share. If all the preferred stock is converted, about 57 [...]
Auros Global expects to resume regular operations following restructuring plan
Cryptocurrency trading firm Auros Global, which reportedly suffered a $20 million dollar exposure in the FTX collapse, has released a statement saying [...]
Bitcoin miner Greenidge signs $74M debt restructuring agreement with NYDIG
According to a new filing with the U.S. Securities and Exchange Commission on Dec. 20, Bitcoin (BTC) miner Greenidge stated that it reached an agreeme [...]
Bitcoin Miner Greenidge Reaches Debt Restructuring Deal With NYDIG as Bankruptcy Looms
During October and November, Greenidge burned through $8 million a month, of which $5.5 million went on NYDIG payments. It expects the same cash burn [...]
Bitcoin Miner Argo Blockchain Says It’s Close to Restructuring Without Having to Declare Bankruptcy
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Court sets new deadline for Celsius restructuring plan
Bankrupt crypto lender Celsius was granted an extension on its exclusivity period until Feb. 15, 2023. The court approval would give the troubled cryp [...]
Genesis calls in restructuring expert in its fight to avoid bankruptcy
Cryptocurrency lending firm Genesis Global Capital has reportedly hired a restructuring adviser to explore all possible options that include, but aren [...]