bankruptcy

BlockFi Receives Court Approval for Liquidation Plan
BlockFi Receives Court Approval for Liquidation Plan
September 26, 2023  |  Cryptocurrency

Crypto lender BlockFi has reportedly been granted approval for its liquidation plan by a bankruptcy court. This decision brings a glimmer of hope for customers...

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From Crypto Fame to Courtroom Shame: Bankman-Fried’s Rise, Fall, and Reckoning
From Crypto Fame to Courtroom Shame: Bankman-Fried’s Rise, Fall, and Reckoning
September 26, 2023  |  Legal

The customer claims portal for failed crypto exchange FTX closes this Friday (Sept. 29). Next Tuesday (Oct. 3), Sam Bankman-Fried, the company’s co-founder and former...

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SEC Raises Concerns Over Coinbase’s Role in Celsius’ Bankruptcy Plan
SEC Raises Concerns Over Coinbase’s Role in Celsius’ Bankruptcy Plan
September 25, 2023  |  Cryptocurrency

The Securities and Exchange Commission (SEC) has reportedly expressed reservations regarding Coinbase Global’s proposed involvement in Celsius Network’s plan to emerge from bankruptcy. The SEC, which previously charged Coinbase...

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Report: Former Celsius Executive Pleads Guilty and Cooperates with Prosecutors
Report: Former Celsius Executive Pleads Guilty and Cooperates with Prosecutors
September 14, 2023  |  Legal

A former executive at now-bankrupt Celsius Network, Roni Cohen-Pavon, has reportedly pleaded guilty to criminal charges in the United States and has agreed to cooperate with...

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Overdrafts Add to Consumers’ Financial Burden as Personal Bankruptcies Rise
Overdrafts Add to Consumers’ Financial Burden as Personal Bankruptcies Rise
September 12, 2023  |  Consumer Finance

The United States is grappling with record-high consumer credit card debt of over $1 trillion, raising concerns about credit insecurity for both consumers and providers....

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Cybersecurity Company IronNet to Furlough Workers and Explore Options
Cybersecurity Company IronNet to Furlough Workers and Explore Options
September 06, 2023  |  Cybersecurity

IronNet, a cybersecurity company founded by former Pentagon leaders, announced it will furlough most of its workers and explore options including bankruptcy reorganization or liquidation....

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Report: eCommerce Company Benitago Files for Bankruptcy
Report: eCommerce Company Benitago Files for Bankruptcy
August 31, 2023  |  eCommerce

New York-based eCommerce company Benitago has reportedly filed for bankruptcy.  The firm is seeking protection from creditors two years after raising $325 million in funding, The Wall...

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Report: Babylon Holdings’ Financial Difficulties Mount After Merger Failure
Report: Babylon Holdings’ Financial Difficulties Mount After Merger Failure
August 30, 2023  |  Healthcare

Digital health firm Babylon Holdings Ltd. is reportedly teetering on the edge of collapse after its merger plans with another healthcare company fell through. The United Kingdom-based...

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BlockFi Says FTX and Three Arrows Don’t Deserve Repayment
BlockFi Says FTX and Three Arrows Don’t Deserve Repayment
August 23, 2023  |  Cryptocurrency

Bankrupt cryptocurrency lender BlockFi said two other failed crypto firms aren’t entitled to its money. In bankruptcy court documents filed this week, the company made arguments about why FTX and Three Arrows...

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