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Tag: debtors

Strategies for Distressed Cannabis Businesses

Cannabis
It’s pretty easy to write about everything that’s going wrong in today’s cannabis industry. Today, I want to change gears and talk about some...

It’s Time to End California Distribution Licenses

Cannabis
California’s cannabis laws are a textbook example of what a state shouldn’t do. And one of the best examples of this is California’s distribution...

Longbridge scoops up big MSR portfolio from RMF bankruptcy

Real Estate
Top-three reverse mortgage industry lender and servicer Longbridge Financial has acquired a substantial portfolio of reverse mortgage servicing rights (MSRs) from bankrupt industry lender...

US Banks Facing $1,450,000,000,000 in Commercial Real Estate Exposure As Lenders Prepare to Sell at a Loss: Report – The Daily Hodl

Blockchain
American banks are preparing to sell portions of their commercial real estate debt at a loss, according to a new report. Although most debtors are...

Metropolitan Museum of Art to return $550K in donations from FTX

Blockchain
The Metropolitan Museum of Art (Met) is set to return $550,000 in donations it received from crypto exchange FTX prior to its collapse in...

FTX has paid over $100M to lawyers and consultants handling its bankruptcy case

Blockchain
The FTX debtors said they had paid the 14 consultancy firms and the law firms handling its bankruptcy case over $100 million as of...

Webinar Takeaways: Cannabis Litigation in a Down Market

Cannabis
Last week, my colleague Jesse Mondry and I spent an hour discussing the challenging state of the cannabis industry and how it’s been impacting...

Miami International Completes $50M Takeover of LedgerX from FTX

Blockchain
Miami International Holdings (MIH), a US-based exchange conglomerate, has finalized its $50 million acquisition of LedgerX from the bankrupt cryptocurrency exchange FTX and its debtors. LedgerX, one...

Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell Company – Bitcoin News

Blockchain
The now-defunct crypto lender Blockfi has recently filed a court document outlining its plans to liquidate the company. The firm has come to...

FTX bankruptcy judge approves sale of LedgerX

Blockchain
The judge presiding over crypto exchange FTX’s bankruptcy case has given the green light to a motion allowing the sale of LedgerX.In a May...

Gemini Warns Barry Silbert’s Digital Currency Group of $630M Default Risk

Blockchain
Mediation is underway to resolve the outstanding issues between DCG, Genesis, and Gemini.Per an update, Gemini, Genesis, and its parent company Digital Currency Group...

FBI Raids Former FTX Executive Ryan Salame’s Home: Report

Blockchain
The FBI raided Ryan Salame’s home in Potomac on Thursday morning, suggesting the investigation into the crypto exchange’s executives is still ongoing. ...
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