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Within a week, crypto exchange FTX has gone from proposing an acquisition by Binance to sort out its liquidity issues to proceeding with filing for bankruptcy under Chapter 11 in the District of Delaware.In a Nov. 11 tweet, FTX said roughly 130 companies in FTX Group including FTX Trading, FTX
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A bankruptcy filing attributed to Alameda Research estimates the company has $10 billion to $50 billion in liabilities. Original Source
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How Security Tokens Can Benefit Creditors in Bankruptcy Restructurings Original Source
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The company paid co-founder and former CEO Dave Perrill $613,000 for payroll and benefits, according to the filing. Former CFO Tad Piper got $541,000 three months after he left the company, President Edward Drake Harvey III and Chief Commercial Officer Kyle Wenzel got about $500,000 each, former Chief Technology Officer
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During Tuesday’s three-hour hearing, the judge did not seem to take issue with the contents of the KERP itself (which has also been approved by the unsecured creditors’ committee), but was bewildered and irritated by a second motion filed by Celsius’ lawyers on Oct. 11 seeking to file most of
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Bitcoin mining firm Core Scientific is reportedly considering a potential bankruptcy amid a group of its convertible bondholders consulting restructuring lawyers.According to a Nov. 1 report from Bloomberg Law, the Core Scientific bondholders worked with legal firm Paul Hastings following a United States Securities and Exchange Commission filing suggesting financial
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The crypto winter that began in early 2022 has resulted in several financial issues, including Bitcoin mining firms. Many crypto firms have
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One of the largest publicly listed bitcoin miners, Core Scientific, has shaken investors with a recent filing with the U.S. Securities and Exchange Commission that raises the possibility the company may apply for bankruptcy protection. The filing notes that Core Scientific will be unable to pay down debt payments due
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Shares of bitcoin miner Core Scientific (CORZ) fell another 14% Friday after a rough week amid financial woes and analyst downgrades. Source
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The largest publicly traded Bitcoin miner in the U.S. by hash rate and mining fleet, Core Scientific (CORZ), issued a bankruptcy warning
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