bankruptcy

FTX Plans Relaunch After Stabilizing ‘Dumpster Fire’
FTX Plans Relaunch After Stabilizing ‘Dumpster Fire’
April 13, 2023  |  Cryptocurrency

Bankrupt cryptocurrency exchange FTX is reportedly considering relaunching after recovering $7.3 billion in assets. Company attorneys say the exchange has begun to look to the...

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FTX Debtors: ‘Greed and Incompetence’ Triggered Collapse
FTX Debtors: ‘Greed and Incompetence’ Triggered Collapse
April 10, 2023  |  Cryptocurrency

At FTX under Sam Bankman-Fried, financial oversight was apparently something of a joke. That’s according to a report issued Sunday (April 9) by the collapsed...

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Boxed Bankruptcy Shows Cracks in Pandemic’s SPAC Funding Frenzy
Boxed Bankruptcy Shows Cracks in Pandemic’s SPAC Funding Frenzy
April 04, 2023  |  Retail

It seems like a lifetime ago — SPACs were the “it” way to take companies public. And during the pandemic, eCommerce delivery businesses were the...

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Boxed, Inc. Files For Bankruptcy Following SVB Collapse
Boxed, Inc. Files For Bankruptcy Following SVB Collapse
April 03, 2023  |  eCommerce

After warning last month that it could declare bankruptcy, eGrocer Boxed has made it official. The company announced late Sunday (April 2) that it had...

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FTX Lawyers Sue to Keep Bahamian Unit Away From Assets
FTX Lawyers Sue to Keep Bahamian Unit Away From Assets
March 21, 2023  |  Legal

Lawyers for crypto exchange FTX are suing to keep its Bahamian affiliate out to sea. Not just because the bankrupt crypto firm was recently revealed...

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SVB Parent Wants Access to Bank’s Records
SVB Parent Wants Access to Bank’s Records
March 20, 2023  |  Banking

The parent company of Silicon Valley Bank says it’s been locked out of the lender’s books. SVB Financial, which declared bankruptcy soon after its bank...

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SVB Parent Files for Bankruptcy as Global Banking Market Wobbles
SVB Parent Files for Bankruptcy as Global Banking Market Wobbles
March 17, 2023  |  Legal

This tumultuous week began and ended the same: with Silicon Valley Bank still for sale.  Only now, the lender’s former parent company, SVB Financial Group, has officially filed...

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SVB Financial Group Files for Bankruptcy to ‘Preserve Value’
SVB Financial Group Files for Bankruptcy to ‘Preserve Value’
March 17, 2023  |  Banking

SVB Financial Group — the former parent company of Silicon Valley Bank — has filed for bankruptcy. The Chapter 11 filing does not include SVB...

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SVB Collapse May Be the Final Nail in Boxed’s Coffin
SVB Collapse May Be the Final Nail in Boxed’s Coffin
March 16, 2023  |  Retail

Boxed may file for bankruptcy as the SVB collapse exacerbates existing economic challenges. The bulk eCommerce grocer and retailer (which also has a software and services...

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