FTX, FTX US and Alameda will file for Chapter 11 bankruptcy in US; SBF resigns
FTX CEO Sam Bankman-Fried has resigned from his position but will “remain to assist in an orderly transition” before being succeeded by John Ray.
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SBF tells investors FTX needs $8B in emergency funding: WSJ
According to reports, FTX CEO Sam Bankman-Fried asked investors for emergency funding to cover an $8 billion shortfall during a Nov. 9 investors call.
Publicly Listed Bitcoin Miner Core Scientific Publishes Update After SEC Filing That Mentions ‘Restructuring’
On Nov. 7, 2022, the bitcoin mining firm Core Scientific released the company’s October update after the company’s Form 8-K U.S. Securities and Exchange Commission (SEC) filing on Oct. 26,…
Core Scientific may consider bankruptcy following uncertain financial condition: Report
The mining firm has cited the low price of Bitcoin, electricity costs, an increase in the BTC hash rate, and litigation with Celsius playing a role in its financial difficulties.
Core Scientific Shares Downgraded After SEC Filing Hints at Possible Bankruptcy
One of the largest publicly listed bitcoin miners, Core Scientific, has shaken investors with a recent filing with the U.S. Securities and Exchange Commission that raises the possibility the company…
A Committee of Celsius Creditors Objects to Celsius Selling Its Stablecoin Cache
A committee of unsecured creditors stemming from the Celsius bankruptcy case has filed a motion with the court to stop the now-defunct crypto lender from selling the company’s stablecoin holdings.…
Celsius users concerned over personal info revealed in bankruptcy case
A website revealing personal information from Celsius creditors has created stress and chaos for many, leading some to question the privacy of centralized exchanges.
Celsius Network defaults on payments to Core Scientific, causing financial unrest
Core Scientific claims to be losing approximately $53,000 per day to cover the increased electricity tariffs that Celsius refuses to pay.
Crypto Biz: Bear market claims another casualty
German crypto bank Nuri joins a growing list of crypto service providers to shutter their doors permanently amid the bear market.
Voyager Digital won’t sue its executives for incompetence, will claim insurance on them
CEO Stephen Ehrlich and financial head Evan Psaropolous will keep their jobs even though they okayed a huge loan to Three Arrows Capital without sufficient due diligence.
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