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Financial services platform B. Riley has offered Bitcoin (BTC) miner Core Scientific $72 million in financing to avoid bankruptcy and preserve value for Core Scientific stakeholders.B. Riley, a top lender to Core Scientific with $42 million in loans currently outstanding, outlined the terms of the financing agreement in a Dec.
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The Proskauer group takes the tally to $1.8 billion, with more to come in the form of a third ad hoc group being represented by Kirkland & Ellis, the law firm representing bankrupt crypto firms Celsius and Voyager Digital, the second source said. The amount of loans this third group
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Zipmex, the South Asian exchange that froze withdrawals due to a shortfall in liquidity earlier this year, has secured creditor protection for all of its entities until April next year, according to an update on the company's website. Source
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FTX creditors concerned about their names and other personal information being disclosed as part of the crypto exchange’s bankruptcy proceedings can breathe a sigh of relief – at least temporarily. Original Source
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As it attempts to steer the rescue deal over the line, Zipmex applied for an extension of its moratorium in Singapore, until April 2023, according to a statement on Friday. Moratorium is a form of protection that prevents creditors from making claims. Original Source
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The firm now has till 20 January 2023 to work on a restructuring plan. Source
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Defunct crypto exchange Mt. Gox has said that a repayment date will be set in "due course" according to a document published by Mt. Gox trustee Nobuaki Kobayashi. Source
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Singapore-based crypto lending firm Hodlnaut was placed under interim judicial management, a form of creditor protection program, by the Singapore court on Aug. 29.The court orders came three weeks after Hodlnaut froze all trading activities and withdrawals on its platform citing a liquidity crisis. In an official blog post on
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Crypto lending platform Hodlnaut has filed an application to be put under creditor protection in Singapore. Original Source
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