Bankruptcy
RETRACTION: Compute North Did Not Pay Execs $3M on the Day It Declared Bankruptcy
The filing states the money was paid over the course of the year ended Sept. 22, not that day as CoinDesk reported earlier based on a mistaken reading of the document.
Bankruptcy Judge Denies Celsius’ Motion to Pay Employees $3M in Retention Bonuses – At Least Temporarily
Judge Martin Glenn said he was “shocked” by the bankrupt lender’s plan to issue the bonuses while withholding information from the public, a move he called “completely unacceptable.”
Lender Generate Capital to Buy Bankrupt Bitcoin Miner Compute North's Stake in 2 Bitcoin Mining Facilities
The lender is paying $5 million in cash and assuming liabilities associated with the two sites, which total 400 MW of operating capacity.
Bondholders of Troubled Bitcoin Miner Core Scientific Said to Be Working With Lawyers: Report
The company last week warned it may have to explore bankruptcy as its financial condition worsens.
Troubled Bitcoin Miner Core Scientific's Shares Continue to Plunge on Bankruptcy Risk
The shares fell another 15% Friday after a rough week amid financial woes and analyst downgrades.
Bitcoin Miner Core Scientific Shares Plunge After Bankruptcy Warning
The world's largest bitcoin miner, Core Scientific (CORZ), warned that it may have to explore bankruptcy if it fails to improve its financial condition. The warning sent its shares down 77% to as low as 23 U.S. cents. "The Hash" team discusses what this means for the bitcoin mining industry and its community.
Judge to Appoint Privacy Ombudsman for Celsius Bankruptcy Case; Bitcoin Mining Difficulty at Record High
Rishi Sunak will be the U.K.'s next prime minister following Liz Truss’ controversial exit last week. A U.S. judge presiding over the bankruptcy case of crypto lender Celsius Network has agreed to appoint a consumer privacy ombudsman in the case. Bitcoin mining difficulty jumped over 3% to a new all-time high.
After Celsius Customer Data Release, Bankruptcy Judge Agrees to Appoint Privacy Ombudsman
The move comes after court documents released in early October revealed the financial details of hundreds of thousands of Celsius’ customers.
Crypto Custodian Prime Trust Agrees to Return $17M in Tokens to Bankrupt Lender Celsius
The assets will be sent to a designated Celsius wallet, and will await court orders about how they should be distributed.
Customers of Bankrupt Crypto Lender Voyager Could Recover 72% of Their Funds if FTX Sale Is Approved: Report
A judge still needs to approve a bankruptcy payout plan and the company could still scrap the deal in favor of a higher bid.
