bankruptcy

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

Celsius, one of crypto’s biggest lenders, files for bankruptcy

Celsius Network, one of the world’s largest cryptocurrency lenders, has filed for bankruptcy protection, a month after freezing customer assets in the wake of sharp turbulence in the crypto market t

Crypto broker Voyager Digital files for bankruptcy

Voyager Digital, a high-profile crypto broker, has filed for bankruptcy, citing market volatility and the surprising collapse of Three Arrows Capital, just weeks after it suspended withdrawals, tradin

Crypto mega hedge fund Three Arrows Capital reportedly files for bankruptcy in New York

Crypto hedge fund Three Arrows Capital (3AC) has filed for Chapter 15 bankruptcy in New York, according to a report in Bloomberg. The mega fund, founded by Credit Suisse traders Zhu Su and Kyle Davies

Wirecard, the disgraced German payments firm backed by SoftBank, files for insolvency over €1.3B in loans coming due

The house of cards has well and truly collapsed for Wirecard, the German payments company that has been accused of accounting fraud. Today it announced that its German operation Wirecard AG was applyi

Intelsat files for bankruptcy protection

Global satellite operator Intelsat has voluntarily filed for Chapter 11 bankruptcy protection, the company announced late on Wednesday. Intelsat has attempted to position this as a positive moment tha

Reset Button is approaching student debt from a new angle

Student loan debt in the U.S. totals $1.5 trillion, and more than 44 million Americans have outstanding student loan debt. According to research by Villanova law professor Jason Iuliano, a million stu

YC-backed Upsolve is automating bankruptcy for everyone

The popular image of a Chapter 7 bankruptcy might be a large company like Enron failing, or maybe some lazy drifter trying to shirk their financial responsibilities. The reality is anything but those

Streaming service VidAngel declares bankruptcy after losing legal battles with studios

VidAngel, a streaming service that altered copyrighted works to edit out adult language, nudity and violence, has declared Chapter 11 bankruptcy, the company announced on Wednesday. The Utah-based ser
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