#CHAPTER11 News

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FTX founder keeps talking, ignoring typical legal strategy

apnews.com For federal prosecutors, Sam Bankman-Fried could be the gift that keeps on giving. After the November collapse of FTX, the cryptocurrency exchange he founded in 2019,…

ARGO token ticks higher as Peter Wall resigns as CEO of Argo

coinjournal.net Peter Wall resignation is the second after the Argo Blockchain acquisition by Galaxy Digital. Peter Wall will remain an adviser to Argo to support the transition. Argo has…

Celsius' extension request denied by US trustee and creditors as cash burn continues

theblock.co Several parties have objected to bankrupt crypto lender Celsius's motion to extend its timeline for filing a Chapter 11 restructuring plan once again. The crypto lender,…

FTX gets court approval to subpoena Sam Bankman-Fried, family members

nypost.com Failed crypto firm FTX received court approval on Wednesday to issue subpoenas to its founder Sam Bankman-Fried and members of his family as part of the company’s…

FTX gets court approval to subpoena founder Bankman-Fried, other insiders

reuters.com [1/4] Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, departs from his court hearing at a…

Coin Cloud Files for Chapter 11 Bankruptcy Protection in District of Nevada

coinspeaker.com Coinspeaker Coin Cloud Files for Chapter 11 Bankruptcy Protection in District of Nevada Coin Cloud Inc, a company that has over 5000 automatic teller machines (ATMs) in the…

SEC Investigating Crypto Exchange Kraken over Unregistered Securities

coinspeaker.com Coinspeaker SEC Investigating Crypto Exchange Kraken over Unregistered Securities US-based cryptocurrency exchange Kraken has gotten into hot water for possible violation of…

Argo CEO follows resignation trend after company acquisition by Galaxy Digital

cointelegraph.com The cryptocurrency miner Argo continues to undergo a series of company changes in light of its major acquisition and newly filed lawsuit. Peter Wall, the CEO of Argo…

Bitcoin miner Argo Blockchain’s CEO Peter Wall steps down

theblock.co Peter Wall is stepping down as CEO and interim chairman of Argo Blockchain to "pursue other opportunities." He will hand over the reins to COO Seif El-Bakly in the interim,…

Crypto ATM Operator Cash Cloud Owes Genesis $116M, Files for Bankruptcy

beincrypto.com The latest victim of the ongoing industry contagions is crypto ATM operator Cash Cloud. On Feb. 7, the company, which operates under the name Coin Cloud filed for chapter 11…

Robinhood looks to buy-back its shares seized by Department of Justice in FTX failure

forkast.news Robinhood Markets Inc., the U.S.-based financial services company, plans to purchase the 55 million of its shares that FTX-linked Emergent Fidelity Technologies bought in…

Robinhood May Buyback Sam-Bankman Fried’s $578M Stake

watcher.guru After the markets closed on Wednesday, Robinhood released its fourth-quarter financial results. On the back of the income surge, the American FinServ company reported higher…

Robinhood board gives nod to buy Sam Bankman-Fried's $578M stake

cointelegraph.com Robinhood’s board of directors has approved a plan to buy back the $578 million stake in their company which was bought by former FTX CEO Sam Bankman-Fried and FTX…

Bed Bath & Beyond’s 30,000 Workers Were Key Factor in Last-Minute Deal

yahoo.com Bed Bath & Beyond Inc. was just days away from filing a bankruptcy petition before a game-changing conference call on Friday with its increasingly impatient lenders. • None…

What creditors can expect from Genesis’ bankruptcy

cointelegraph.com The holding company of troubled crypto lender Genesis Global Capital, Genesis Global Holdco LLC, filed for Chapter 11 bankruptcy protection in New York on Jan. 19. Genesis…

Wall Street bankers had to be talked out of liquidating Bed Bath & Beyond and throwing 30,000 people out of work, sources say

fortune.com Bed Bath & Beyond Inc. was just days away from filing a bankruptcy petition before a game-changing conference call on Friday with its increasingly impatient lenders. Wall…

NFL Could UpEnd Diamond Sports Group Chapter 11 Bankruptcy Plans

forbes.com As the nation’s largest owner of regional sports networks (RSNs) Diamond Sports Group (DSG) is reportedly planning to file for a Chapter 11 bankruptcy reorganization due in…

TeraWulf Mined More BTC in January Due to Reduced Power Costs

cryptopotato.com The US-based cryptocurrency miner TeraWulf produced 157 BTC in January, a 25.6% increase compared to December. Snow blizzards towards the end of 2022 crippled its operations…

Songtradr to Acquire 7digital for $23 Million

billboard.com U.K. digital music company 7digital plans to accept an acquisition bid by Songtradr for 19.4 million pounds ($23.4 million), 7digital announced Wednesday (Feb. 8). 7digital…

Coin Cloud crypto ATM operator files for bankruptcy, owes over $100M to Genesis

cointelegraph.com Cash Cloud, the operator of Coin Cloud digital currency automatic teller machines (ATMs) in the United States and Brazil, filed for Chapter 11 bankruptcy in U.S. Bankruptcy…

Bed Bath & Beyond closing 150 more stores, including last Central NY location

syracuse.com Bed Bath & Beyond is closing 150 more stores, including its last location in Central New York. The home goods retailer released a new list of store closings Tuesday, adding…

Regal Parent Cineworld Has Draft Plan With Lenders To Restructure, Emerge From Chapter 11; Still Taking Third-Party Bids

deadline.com Counsel for bankrupt Cineworld said today the Regal parent has received the outline of a restructuring plan from lenders, a blueprint that would take it out of bankruptcy,…

Regal Owner Cineworld Says Its Been Approached By Multiple Buyers Amid Bankruptcy Process

hollywoodreporter.com Exhibition giant Cineworld, which filed for Chapter 11 protection in the U.S., has told a virtual status conference that the company and its creditors are moving towards a…

Movie theaters get creative with food and drink as they struggle to fill seats

cnbc.com Movie theaters have struggled to fill seats during the Covid pandemic, but some are facing another problem — what to do with their menus. At many movie theaters, popcorn and…

“Bitcoin Jesus” Roger Ver Owes Genesis $20M

cryptobriefing.com Equinoz’s ‘Cybernetics’ Was Sold Out in 4 Minutes on PlayNomm NFT Mar... Bankman-Fried Wanted Crypto Prices to Go Up to Plug FTX Hole Roger Ver apparently owes Genesis $20…

Bankrupt crypto giant FTX racks up millions in legal and consulting bills

theblock.co Going broke isn't cheap. Troubled crypto exchange FTX and its affiliated companies racked up more than $20 million in legal and consulting bills during the first several…

Voyager Digital subpoenas SBF and others from FTX and Alameda

ambcrypto.com Voyager Digital has subpoenaed several executives from FTX and Alameda, including Sam Bankman-Fried and Caroline Ellison. • The bankrupt crypto lender’s lawyers have…

Bankrupt Alameda Research wallets resurrect and transfer millions of FTT tokens

coinjournal.net Alameda Research filed for Chapter 11 bankruptcy in November. The defunct Sam Bankman-Fried’s crypto trading house filed for bankruptcy alongside FTX and other affiliated…

Digital Currency Group Begins Selling Grayscale Holdings amid Financial Crisis

coinspeaker.com Coinspeaker Digital Currency Group Begins Selling Grayscale Holdings amid Financial Crisis Crypto conglomerate Digital Currency Group (DCG) has started selling off some of…

Voyager subpoenas FTX and Alameda execs as judge orders fee examiner

cointelegraph.com Lawyers representing bankrupt crypto broker Voyager Digital have served former FTX CEO Sam Bankman-Fried and other FTX and Alameda Research executives with subpoenas…

SBF Lobbied Congress to Benefit FTX, Not Crypto, Says Blockchain Exec

decrypt.co FTX founder Sam Bankman-Fried spent more time lobbying lawmakers in D.C. than any other executive that Blockchain Association executive director Kristin Smith has seen in…

Gemini, Genesis Reach $100 Million Agreement Over Earn Program

decrypt.co Gemini Earn users are a step closer to recovering their money with an agreement announced today between US cryptocurrency exchange Gemini, Genesis Global Capital, LLC…

Here are 3 obstacles facing crypto in 2023 as the market looks to move on from the FTX disaster

businessinsider.com After a so-called crypto winter, industry experts are weighing in on the market's next roadblock. ViewApart/Getty Images Crypto markets have erased losses since FTX's…

US Prosecutors Want to Delay CFTC, SEC Fraud Cases Against Sam Bankman-Fried

decrypt.co U.S. prosecutors have asked that the fraud cases against FTX founder Sam Bankman-Fried not proceed until the conclusion of the government’s criminal case against him,…

FTX’s attempts to claw back political donations may target largest recipients, experts say

techcrunch.com Over the weekend, FTX and affiliated debtors sent confidential letters to politicians, PACs and other recipients of donations to return the funds given by the formerly…

Bankrupt Crypto-Lender Genesis' Creditors To Expect 80% Recovery Under Proposed Restructuring Plan

zerohedge.com Bankrupt Crypto-Lender Genesis' Creditors To Expect 80% Recovery Under Proposed Restructuring Plan Authored by Jesse Coghlan via CoinTelegraph.com, Digital Currency Group…

Financial Institutions Are Still Betting on Crypto

decrypt.co As Bitcoin hovered around $38,000 last April—down 45% from its peak—Fidelity Investments announced its customers could soon add the digital asset to their retirement…

Cineplex Swings to Fourth Quarter Profit as Revenue Rises

hollywoodreporter.com Cineplex swung to a fourth quarter profit as overall revenues rose 16.7 percent to $350.1 million, against its 2021 performance. For the three months to Dec. 31, 2022, the…

Bed Bath & Beyond plans to sell shares in bid to avoid bankruptcy

cbsnews.com Struggling retailer Bed Bath & Beyond said Monday it plans to sell shares of the company in hopes of generating enough cash to avoid filing for bankruptcy. Bed Bath & Beyond…

Bed Bath & Beyond plans share sale in bid to Avoid Bankruptcy

bnnbloomberg.ca Bed Bath & Beyond Inc. lined up investors for an eleventh-hour cash infusion that would allow it to stave off a bankruptcy filing, according to people with knowledge of the…

Bed Bath & Beyond analyst calls stock worthless as share sale planned

bnnbloomberg.ca As Bed Bath & Beyond Inc. plans for a $1 billion capital infusion, one analyst covering the stock says it will soon be worthless, calling the equity financing a “last gasp”…

Digital Currency Group is reportedly selling shares from its most prized crypto funds at a steep discount as the digital asset giant navigates financial woes

businessinsider.com Malte Mueller/Getty Images Digital Currency Group is selling some of its top assets at a steep discount, per the Financial Times. The news comes as the crypto conglomerate's…

Signature Bank Lawsuit Alleges It 'Substantially Facilitated' FTX Fraud

decrypt.co New York-based Signature Bank has been slapped with a class-action lawsuit alleging it facilitated FTX's activities prior to the crypto exchange's collapse last November.…

Pet store chain with 18 stores in Mass., including Shrewsbury and Stow, closing

telegram.com Loyal Companion, which operates 18 of its 53 pet stores in Massachusetts, announced Monday that the company is going out of business. "With a heavy heart, we want to inform…

DCG to sell Grayscale holdings at a discount to pay creditors: report

forkast.news Cryptocurrency conglomerate Digital Currency Group (DCG) has started to sell shares of its Grayscale cryptocurrency funds at a significant discount, according to U.S.…

Gemini agrees to put US$100 mln to Earn asset recovery efforts

forkast.news Cryptocurrency exchange Gemini has agreed to put up US$100 million to Earn users’ asset recovery as part of bankrupt lender Genesis Capital’s in-principle agreement with…

AI race, CVS M&A, Genesis recapitalization

investing.com Investing.com -- The AI race heats up, with Alphabet and both nearing launches of tools to compete with Microsoft-backed ChatGPT. CVS is closing in on its second big health…

Bed Bath & Beyond surged 120%, then plunged as the embattled retailer secured a $1 billion fundraising deal to avoid bankruptcy

businessinsider.com A Bed Bath & Beyond store. Michael Santiago/Getty Images Bed Bath & Beyond surged as much as 120% Monday and then plunged after it announced a $1 billion funding deal. The…

DCG Sells Grayscale Assets to Raise Funds

financemagnates.com p>Digital Currency Group (DCG), a crypto conglomerate, is selling holdings in several investment vehicles run by its subsidiary Grayscale at a steep discount for raising…

Bed Bath & Beyond stock plunges as execs look for $1 billion share sale to get out of loan default

marketwatch.com Bed Bath & Beyond Inc. led a revenge of the meme stocks Monday, with shares rallying 92%, but the stock turned around hard in after-hours trading as executives announced…

Relief As Gemini, Genesis, And DCG Reach Agreement Over Assets

cryptodaily.co.uk Gemini Earn users heaved a collective sigh of relief as Gemini, Genesis Global Capital (Genesis), and Digital Currency Group reached an agreement over the Earn Program.…

Genesis creditors to expect 80% recovery under proposed restructuring plan

cointelegraph.com A Genesis creditor has revealed the new proposed restructuring plan between Genesis, Digital Currency Group and creditors will see creditors getting back at least 80% of…

Sam Bankman-Fried lawyers reach agreement on use of messaging apps

cointelegraph.com Sam Bankman-Fried’s lawyers have reached an agreement with federal prosecutors concerning his use of messaging apps. According to a Feb. 6 court document, both parties have…

The massive selloff in Adani shares eclipses those of other short-seller targets like Enron and Wirecard

businessinsider.com Gautam Adani's business empire has been under pressure ever since US short seller Hindenburg Research leveled allegations of alleged market manipulation and fraud at the…

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