Crypto lender Voyager Digital Holdings, which filed for bankruptcy last year, said Tuesday night that 97% of its customers, representing 98% of total claims, voted in favor of a chapter 11 restructuring plan which will see Binance US acquire some of its assets. origin »
Crypto lender Voyager Digital Holdings, which filed for bankruptcy last year, said Tuesday night that 97% of its customers, representing 98% of total claims, voted in favor of a chapter 11 restructuring plan which will see Binance US acquire some of its assets.
A judge approved hosting firm Compute North's restructuring plan three creditors approved their settlement amounts.
The post Bankrupt Miner Compute North Destined for Obscurity as Judge Approves Restructuring Plan appeared first on BeInCrypto.
“It is time to allow the Debtors’ customers to propose their own plan for the assets that they were defrauded into investing with Celsius,” said a Withhold account holders’ filing.
The United States government and creditors have objected to Celsius’ plan to extend its restructuring plan to June 30, according to February 8 court filings.
The post Celsius creditors, US gov oppose bankrupt’s lender extension request due to high cash burn rate appeared first on CryptoSlate.
Digital Currency Group (DCG) plans to hand its equity stake in Genesis' trading arm to Genesis Global, which will then be sold, pending court approval.
Embattled crypto lender Hodlnaut faces liquidation after key lenders rejected a proposed restructuring plan, amid a probe from Singapore authorities.
The post Creditors Band Together to Force Hodlnaut Liquidation appeared first on BeInCrypto.
Investigations show that Hodlnaut lost about $190 million in the Terra LUNA crash. The lender had proposed a restructuring plan to allow creditors to have a view of the company’s operations.
Hodlnaut downplayed its exposure to the Terra ecosystem, but an investigation into the embattled crypto lender shows it lost $190 million in the Terra crash.
Bankrupt crypto exchange Celcius sees a new deadline for submitting its restructuring plan. The court ordered the company to present it by February 15. On Monday, Celsius announced the new development in a Twitter thread.
Employees at sprawling American multinational technology conglomerate Meta face uncertainty amid a broad restructuring plan that includes significant layoffs. In a Wednesday letter to employees, Mark Zuckerberg stated that they had decided to slash the company’s workforce by about 13% following an unexpected turnaround in the company’s revenues.
Twitter has reportedly shelved plans to build a crypto wallet, amplifying Dogecoin losses after a bountiful bull run last week. According to a report by tech blogger Casey Newton, the decision to set aside the wallet was part of the company’s restructuring plan initiated by its new owner Elon Musk. “A recently revealed plan to […]
In a Twitter space held by Digital Asset News last week, Celsius CEO Alex Mashinsky broke his long silence about the crypto lender’s bankruptcy mess. Simon Dixon Accuses Mashinsky of Lying Mashinsky got into a heated argument in the Twitter…
CoinFLEX is one of the crypto exchanges that suffered during the bearish trend and is currently paving for restructuring. Following its filings for reorganization at s Seychelles court, the exchange released its restricting plan.
Subject to a vote and court approval, the plan proposed CoinFlex creditors own 65% of the company, while its team members be allocated 15% of the company's shares.
CoinFLEX has proposed a restructuring plan that would see creditors own 65% of the company.
The post CoinFLEX Invites Creditors to Take the Biggest Part of Them appeared first on BeInCrypto.
Voyager Digital has stated that it will auction off the remainder of its assets next week as part of its restructuring plan. Voyager Will Auction Remaining Assets Voyager will sell...
Cryptocurrency exchange Zipmex has appointed a restructuring and financial firm to assist with a recovery plan after it was forced to halt withdrawals and seek protection from creditors.
A Former executive of embattled crypto lender Voyager is opposing the current restructuring plan for the company and wants to tow a different line.
The post Former Voyager Executive Wants Different Restructuring Plan for Embattled Firm appeared first on BeInCrypto.
The exchange added that it was exploring all available channels including fundraising, legal action, and restructuring in a Thursday statement. Zipmex Shares Update Amid Crisis Zipmex has thrown its customers...
The troubled crypto lender, in a statement, says its purpose for the voluntary action is to enable a "comprehensive restructuring plan" that benefits all "stakeholders."
The troubled crypto lender, in a statement, says its purpose for the voluntary action is to enable a "comprehensive restructuring plan" that benefits all "stakeholders."
The crypto lending firm said that the exact amount reimbursed to users will “depend on what happens in the restructuring process and the recovery of 3AC assets."
YAY Games, one of the most popular GameFi protocols to date, is announcing a new milestone in its roadmap: restructure & rebranding. Setting its sights on new horizons, YAY Games will undergo rebranding and evolve its B2B direction by partnering with renowned crypto companies.
Banking giant HSBC has unveiled a major restructuring plan that includes 35,000 job cuts. The move came as the bank’s net profit plunged 53% last year. HSBC is also slashing $100 billion in assets and closing many branches.
Coinspeaker Deutsche Bank Suffers a 832 Million Euro Setback amid Ongoing RestructuringIf compared with the previous year, shares of Deutsche Bank have lost over 16%. Earlier this year, the bank announced a wide restructuring plan.
By CCN: Ford is in the throes of an $11 billion restructuring, which will cost 7,000 white-collar workers their jobs this year. The US auto giant believes the “smart redesign” will save billions, but the Dearborn-based company’s stock continues to struggle.
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SETL Ltd, the now London-based institutional payment and settlement infrastructure provider using blockchain technology, today announced the completion of its corporate restructuring plan.
By CCN: 3M stock (MMM) plunged by 11 percent on Thursday after the $112 billion company unveiled disastrous first-quarter earnings, drastically slashed its full-year guidance, and announced that it would hand out pink slips to 2,000 employees as part of a radical restructuring plan.
The NEM Foundation has published a plan for financial and organizational restructuring, following a funding injection of $8.7 million in its native XEM tokens
As investigations loomed, the board of directors of Binance.US voted on whether to liquidate the company but could not come to a unanimous decision, The Information reported.