Under the new settlement, FTX agreed to prioritize a $250 million payment to BlockFi, and the remainder of the settlement is contingent on its efforts to repay its own customers in bankruptcy.
In its bankruptcy filing in November 2022, BlockFi had cited its loans to FTX's sister firm Alameda as one of the reasons for its collapse. Separately, FTX founder Sam Bankman-Fried is currently ...
There are lessons to be learned from the major crypto bankruptcies. This guide covers a number of these monumental events in ...
NEW YORK: BlockFi, the first direct casualty of crypto exchange FTX’s collapse, tells a US bankruptcy judge that the US cryptocurrency lender was “the antithesis of FTX” and that it would ...
Some retailers including Party City and David's Bridal manage to reorganize their finances after a Chapter 11 bankruptcy filing. Others, including Tuesday Morning, Christmas Tree Shops ...
Express has filed for bankruptcy and plans to close nearly 100 of its 500 retail locations, the Columbus, Ohio-based clothing retailer said on Monday. Express reported nearly $1.2 billion in total ...
April 23 (Reuters) - WeWork founder Adam Neumann has asked a U.S. bankruptcy judge to help his bid to re-acquire the coworking business, saying Monday that WeWork's management should engage in ...
Popular MAGA conspiracy blog Gateway Pundit is filing for bankruptcy amid a string of defamation lawsuits it is facing. The blog, which was launched in 2004, has been a hotbed of conspiracy ...
Bankruptcy, on the other hand, is a legal debt relief avenue by which the courts can require your lenders to discharge your debt (Chapter 7 bankruptcy) or work with you to restructure your assets ...
Bankruptcy Overview: Legal process for debt relief with lasting consequences for individuals and businesses. Bankruptcy Types: Six in the U.S., including Chapters 7, 11, and 13, each with unique ...
Under the new settlement, FTX agreed to prioritize a $250 million payment to BlockFi, and the remainder of the settlement is contingent on its efforts to repay its own customers in bankruptcy. The two ...