bankruptcy

Cake sought deals with Harley-Davidson, automakers before bankruptcy

Electric motorcycle company Cake held talks with Harley-Davidson and other automakers in 2023 as it fought to stay alive, founder and CEO Stefan Ytterborn told TechCrunch in an interview Tuesday. The

Boutique e-motorcycle startup Cake files for bankruptcy

Electric motorcycle startup Cake filed for bankruptcy February 1, CEO Stefan Ytterborn has confirmed to TechCrunch. The Swedish company was in the middle of a funding round, just prior to the filing,

Electric scooter company Bird files for bankruptcy

Bird has filed for Chapter 11 bankruptcy, capping off a turbulent year for the electric scooter company. In a press release today, Bird confirmed that it had entered into a “financial restructur

WeWork reportedly on the verge of filing for bankruptcy, stock plummets

WeWork is on the verge of filing for Chapter 11 bankruptcy in New Jersey, according to sources cited by The Wall Street Journal. If WeWork does indeed file, it shouldn’t come as a shock to close

NY attorney general sues Gemini, Genesis and DCG for allegedly defrauding crypto investors of over $1B

New York Attorney General Letitia James filed a lawsuit against three crypto companies: Gemini Trust Company, Genesis Global Capital and its affiliates and Digital Currency Group (DCG) for allegedly d

What drove online used car marketplace Shift to file for bankruptcy

Shift Technologies, the San Francisco-based online used car startup turned publicly traded company, filed this week for Chapter 11 bankruptcy. The short story, according to recent filings, is that the

E-commerce acquirer Benitago files for bankruptcy

The move comes after the New York-based company raised $380 million in equity and debt in the past two years.

VanMoof, the e-bike startup, officially declared bankrupt in The Netherlands

Another grim stage for VanMoof, the e-bike startup backed by venture capitalists to the tune of hundreds of millions of dollars. After making a last-hour effort to stave off bankruptcy last week, the

SVB Financial files for Ch. 11 bankruptcy protection, says it has $2.2B in liquidity

One week after trading was halted for SVB Financial and regulators took control of the holding company for Silicon Valley Bank and other subsidiaries, SVB Financial has taken the next inevitable step:

Starry files for bankruptcy

As part of the bankruptcy motion, lenders have offered the company $43 million in financing to help Starry maintain normal business conditions.

SEC’s proposal could affect which crypto companies can manage assets

The SEC proposed a new rule that may back crypto companies further into a corner as regulators continue to crack down on the space.

FTX wants politicians and PACs to return their donations

FTX and its affiliated debtors have sent confidential letters asking politicians, PACs and other recipients of funds to return donations made by the crypto exchange once valued at $32 billion. The rec

Bankruptcy judge rules Celsius Network owns users’ interest-bearing crypto accounts

A federal bankruptcy judge ruled cryptocurrencies deposited into interest-bearing accounts at Celsius Network, a now-bankrupt cryptocurrency lending platform, actually belong to the firm — thanks to

Bitcoin miner Argo to avoid bankruptcy with $100M deal from Galaxy Digital

Galaxy plans to acquire Argo’s bitcoin mining facility Helios for $65 million and provide a $35 million loan amid the miner’s restructuring.

As BlockFi files for bankruptcy, how contagious will FTX’s downfall become?

BlockFi joined FTX, Celsius, Three Arrows Capital and Voyager in bankruptcy proceedings. Some wonder which crypto firm could be next.

BlockFi files for Chapter 11 bankruptcy

This past year has been hectic for the crypto lending platform BlockFi, and today is no different as the company shared an announcement that it filed for voluntary Chapter 11 bankruptcy in the U.S. Ba

FTX’s bankruptcy hearing details prior control by ‘inexperienced and unsophisticated individuals’

Crypto exchange FTX had its first day of hearings with the U.S. Bankruptcy Court for the District of Delaware on Tuesday.

Bahama homes were purchased with FTX corporate funds

A new bankruptcy filing, first reported by CNBC, shows that FTX’s corporate funds were used to purchase homes in the Bahamas among other personal items. The details arise less than a week after the

Mark Cuban, Mavericks in hot water over Voyager ‘Ponzi scheme’

Lawsuits from disgruntled investors are beginning to stack up after crypto prices plummeted over the past few months, leaving them with steep losses. Billionaire Mark Cuban is the latest celebrity on

NASA lunar payload service provider Masten Space Systems begins bankruptcy process

Masten Space Systems began the process of filing for bankruptcy on Thursday, telling a Delaware court that it owed millions in liabilities to companies including SpaceX, Astrobotic, NuSpace and others
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