Bankruptcy


Фінанси

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.

Core Scientific facility in North Carolina. (Core Scientific)

Відео

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.

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Відео

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.

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Політика

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.

Thermometer (Getty Images)

Фінанси

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.

Tom Pageler CEO at Prime Trust (LinkedIn)

Політика

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.

Voyager's bankrupcy has left creditors in the lurch. (Danny Nelson/CoinDesk)

Відео

Founders Are Excited for Regulators to 'Put a Stronger Stake in the Ground': Two Sigma Ventures Exec

Two Sigma Ventures Principal Andy Kangpan discusses how the collapse of Terra and the subsequent bankruptcies of Three Arrows Capital and Celsius Network affected the conversations around regulation and compliance. Plus, what founders are looking for from regulators. He joins "First Mover" live from CoinDesk I.D.E.A.S. in New York.

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Фінанси

Bankrupt Crypto Lender Voyager Plans to Settle CEO, CFO Negligence Claims Related to Three Arrows Loans

An internal probe found that risky loans made to 3AC were based on minimal financial disclosures from the hedge fund.

Voyager CEO Steve Ehrlich (CoinDesk)

Фінанси

Three Arrows Liquidators Seek to Subpoena Co-Founders Zhu and Davies by Alternate Means

With the co-founders’ locations unknown, the liquidators are applying to serve them subpoenas via their email addresses, Twitter accounts and their attorneys’ email addresses.

Three Arrows co-funder Su Zhu (CoinDesk)