bankruptcy

SVB Financial Pushes To Escrow $2B in Seized FDIC Funds
SVB Financial Pushes To Escrow $2B in Seized FDIC Funds
August 15, 2023  |  Legal

Embattled lender SVB Financial, which is embroiled in a dispute with the U.S. Federal Deposit Insurance Company (FDIC), says it is losing $8.5 million a...

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Bankrupt Crypto Lender Voyager Digital Reports Possible Breach
Bankrupt Crypto Lender Voyager Digital Reports Possible Breach
August 01, 2023  |  Cryptocurrency

Bankrupt crypto lender Voyager Digital Holdings has reported a possible breach, revealing the difficulties of protecting customers from online scammers. The firm’s lawyer, Darren Azman, reported the...

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FTX Bankruptcy Plans Do Not Include FTT Token Holders
FTX Bankruptcy Plans Do Not Include FTT Token Holders
August 01, 2023  |  Cryptocurrency

FTX’s plan for paying back its creditors could leave holders of its FTT coin with nothing. The repayment plan, filed late Monday (July 31) in federal bankruptcy court,...

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CION Investment Acquires Assets of David’s Bridal
CION Investment Acquires Assets of David’s Bridal
July 24, 2023  |  Acquisitions

David’s Bridal has closed a successful transaction with CION Investment Corporation for the sale of substantially all of its assets. Through the transaction, up to 195 stores and...

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FTX Sues Sam Bankman Fried and Former Executives
FTX Sues Sam Bankman Fried and Former Executives
July 21, 2023  |  Legal

The November 2022 collapse of FTX, one of the largest cryptocurrency exchanges, has sparked an investigation into the company’s finances. The latest development in the...

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Open Exchange Expands Marketplace to Include FTX Claims
Open Exchange Expands Marketplace to Include FTX Claims
July 14, 2023  |  Cryptocurrency

Open Exchange (OPNX), a new crypto derivatives and claims trading marketplace, has expanded its platform to include FTX claims. This move is set to provide holders...

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Bankruptcy Judge Reportedly Approves Sale of SVB Financial Group’s Investment Bank
Bankruptcy Judge Reportedly Approves Sale of SVB Financial Group’s Investment Bank
July 05, 2023  |  Banking

A bankruptcy judge has reportedly approved the sale of SVB Financial Group’s investment bank to its managers. SVB Financial Group, the bankrupt former owner of Silicon Valley Bank,...

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Jenny Craig to Get New Life as eCommerce Brand
Jenny Craig to Get New Life as eCommerce Brand
July 05, 2023  |  eCommerce

Bankrupt weight-loss company Jenny Craig is getting a new lease on life. As CNBC reported Wednesday (July 5), rival weight-loss meal firm Wellful has purchased Jenny Craig’s assets and will revive...

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Wheels Up Stock Plummets, Hires Restructuring Lawyers
Wheels Up Stock Plummets, Hires Restructuring Lawyers
June 23, 2023  |  Travel Payments

Wheels Up Experience shares have taken a significant hit, dropping by 60.38% in value to close Thursday (June 22) at $1.24 a share due to...

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