The BlockFi bankruptcy case, culminating in a significant payout to its legal team, underscores the intricate and costly nature of legal battles in cryptocurrency. As firms like Kirkland & Ellis ...
According to a source that spoke with Decrypt, alongside the bankruptcy proceedings, BlockFi will also be laying off a “large portion” of its staff. With the recent implosion of FTX and the connected ...
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 ...
Renzi said that BlockFi had sold a portion of its crypto assets earlier in November to fund its bankruptcy. Those sales raised $238.6 million in cash, and BlockFi now has $256.5 million in cash on ...
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 ...
TAUNTON — Massachusetts officials are bracing for a potential bankruptcy filing by Steward Health Care as the cash-strapped hospital system nears a deadline to repay a consortium of lenders.
And a significant number of them are filing for bankruptcy. Major bankruptcy filings in 2023 included the working space company WeWork in November, drug store retailer Rite Aid in October ...
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 ...
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 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 ...