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Tag: creditors

Bitcoin Price $72,000 Within Reach

We normally don’t do this on a Monday to give way to the weekly local newsletter, but still welcome to BitPinas Key Points: Easily digestible...

BlockFi Founder Zac Prince Addresses Insolvency and Future Plans

Blockchain News Zac Prince updated about the bankruptcy process’s effectiveness.  The founder of BlockFi recalls taking part in the Sam Bankman-Fried (SBF) trial. Ex-CEO and founder of...

SAS to join the SkyTeam Alliance, will fly to over 130 destinations this summer

The CEO of Scandinavian Airlines-SAS has outlined the company’s plans as it moves forward on exiting Chapter 11 with its new partners Air France...

BlockFi Settles With FTX, Alameda Estates for $874.5M

"We’re pleased to have been able to reach a result, with the assistance of Judge Goldblatt, that allows BlockFi’s claims against FTX for the...

IKEA asks courts to intervene as Convoy’s unpaid truckers send flurry of invoices

When the freight broker Convoy went into bankruptcy, apparently they walked away from paying many truckers for loads already carried. The individual claims...

Deutsche Bank’s Audacious Move Sparks Global Concerns

In a startling development, Deutsche Bank is set to initiate legal proceedings, filing a liquidation suit against the prominent Chinese real estate giant, Shimao...

SEC scrutinizes Terraform Labs’ US$166 mln legal retainer

The U.S. Securities and Exchange Commission (SEC) has challenged Terraform Labs’ massive legal retainer amid bankruptcy proceedings, alleging potential misuse of funds and conflict...

SEC accuses Terraform Labs of diverting $166 million to legal team ahead of court decisions

The US Securities and Exchange Commission (SEC) accused Terraform Labs of transferring around $166 million to Dentons U.S. LLC, a law firm, under the...

FTX Can Now Sell Its $1B Stake in Anthropic to Repay Creditors – Decrypt

A federal bankruptcy court has approved a plan by collapsed crypto exchange FTX and its creditors to sell the fallen firm's $1 billion stake...

FTX/Alameda’s Crypto Portfolio Valued at $1.19 Billio

Lookonchain's analysis outlines the $1.19 billion worth of cryptocurrency holdings by bankrupt FTX/Alameda, with the FTT token leading at $482.98 million. As the crypto...

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