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 ...
Successful bankruptcy proceedings and future plans Prince highlighted the success of the bankruptcy process, noting that ...
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 ...
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 ...
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 ...
Read more: BlockFi Files for Bankruptcy as FTX Contagion Spreads The SEC is “much more concerned with sending a message that there needs to be regulation in this field,” he later added. Earlier this ...
Luke Sharrett/Bloomberg/Getty Red Lobster is considering a Chapter 11 bankruptcy filing, according to news sources. The restaurant chain is considering filing for bankruptcy amid growing debt ...
Trendy fashion retailer Express Inc. has filed for bankruptcy after consistently struggling with continued missteps over its merchandise mix that failed to get shoppers excited. The retailer filed ...
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 ...