bankruptcy
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US-based crypto miner Core Scientific files for Chapter 11 bankruptcy in Texas, estimating its liabilities and assets at $1B-$10B and creditors at 1,000-5,000 (CoinDesk)
CoinDesk: US-based crypto miner Core Scientific files for Chapter 11 bankruptcy in Texas, estimating its liabilities and assets at $1B-$10B…
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Source: Publicly-traded US bitcoin miner Core Scientific is filing for Chapter 11 bankruptcy on Wednesday, as its valuation fell from $4.3B in July 2021 to $78M (MacKenzie Sigalos/CNBC)
MacKenzie Sigalos / CNBC: Source: Publicly-traded US bitcoin miner Core Scientific is filing for Chapter 11 bankruptcy on Wednesday, as…
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Sources: DCG is attempting to raise capital and avoid bankruptcy for its Genesis subsidiary in part to avert a $350M loan repayment to Todd Boehly's Eldridge (Nikou Asgari/Financial Times)
Nikou Asgari / Financial Times: Sources: DCG is attempting to raise capital and avoid bankruptcy for its Genesis subsidiary in…
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Binance.US agrees to acquire Voyager Digital's assets out of bankruptcy in a deal worth $1.022B, subject to approval at a hearing on January 5 (Claire Boston/Bloomberg)
Claire Boston / Bloomberg: Binance.US agrees to acquire Voyager Digital’s assets out of bankruptcy in a deal worth $1.022B, subject…
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Filing: the DOJ's US Trustee unit names nine creditors to FTX's bankruptcy committee that could shape payout plans, including units from Genesis and Wintermute (Bloomberg)
Bloomberg: Filing: the DOJ’s US Trustee unit names nine creditors to FTX’s bankruptcy committee that could shape payout plans, including…
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A profile of John Ray III, a lawyer who specializes in restructuring troubled companies, including Enron in 2001, as he leads FTX through its bankruptcy process (Kalley Huang/New York Times)
Kalley Huang / New York Times: A profile of John Ray III, a lawyer who specializes in restructuring troubled companies,…
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John Ray III tells the US House that FTX's bankruptcy is "paperless" due to an "unprecedented" lack of documentation, FTX and Alameda are not distinct, and more (Stephanie Murray/The Block)
Stephanie Murray / The Block: John Ray III tells the US House that FTX’s bankruptcy is “paperless” due to an…
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Source: the US DOJ is preparing a possible fraud case against Sam Bankman-Fried and others, examining cash flows to the Bahamas around FTX's bankruptcy filing (Bloomberg)
Bloomberg: Source: the US DOJ is preparing a possible fraud case against Sam Bankman-Fried and others, examining cash flows to…
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A look at CoinDesk's blockbuster Alameda scoop, which led to FTX's collapse and bankruptcy, and its negative impact on CoinDesk parent Digital Currency Group (Elizabeth Lopatto/The Verge)
Elizabeth Lopatto / The Verge: A look at CoinDesk’s blockbuster Alameda scoop, which led to FTX’s collapse and bankruptcy, and…
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