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Tag: Chapter 11

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FTX, Alameda Settle with BlockFi, Set to Pay $874 Million

Bankrupt firms BlockFi and FTX have announced an agreement “in principle” to settle their disputes. According to a March 6 court filing, FTX has committed...

Pantera Capital targets US$250 mln Solana purchase from FTX assets

Pantera Capital, a cryptocurrency investment firm managing over US$5 billion in assets, is actively raising funds to purchase Solana (SOL) tokens valued at US$250...

The Crypto Roundup: 07 March 2024 | CryptoCompare.com

Bankrupt cryptocurrency lender BlockFi has reached an in-principle settlement of $874.5 million with the estates of collapsed crypto exchange FTX and its sister firm...

Core Scientific to Provide CoreWeave up to 16 MW of Data Center Infrastructure to Support AI and HPC Workloads in Long Term Hosting Contract...

Strategic extension of data center hosting business levers Core Scientific’s expertise in high value compute to broaden revenue model to customers engaged in rapidly...

Here’s the Deadline Date for FTX Creditor Claims

The official liquidator of FTX has instructed creditors to file electronic claims by May 15, 2024. The claims portal managed by PricewaterhouseCoopers (PwC) anticipates commencing...

Terraform Labs Faces SEC Scrutiny Over Suspicious $166 Million Payment: Report

In a recent filing, the U.S. Securities and Exchange Commission (SEC) has urged the Delaware bankruptcy court to reject Terraform Labs’ proposal to retain...

FTX’s Path to Redemption: Selling Anthropic Shares to Settle Debts

In a significant development for the bankrupt cryptocurrency exchange FTX, Delaware Bankruptcy Court Judge John Dorsey has approved the sale of the company’s shares...

Why WeWork’s collapse won’t spell the end of the industry

HONG KONG, Feb 22, 2024 - (ACN Newswire) - WeWork, a company once valued at US$47 billion, has filed for bankruptcy in the U.S.....

Genesis Approved to Sell $1.6B GBTC Shares – Decrypt

A U.S. bankruptcy judge has granted bankrupt crypto trading desk and lender Genesis permission to sell $1.6 billion worth of its Grayscale Bitcoin Trust...

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