Category: Bankruptcy
Auto Added by WPeMatico
New Research Paper Sheds Light on Alleged Conflicts of Interest in FTX’s Chapter 11 Filing
Hut 8 signs deal to develop new mining site to build equity with Celsius creditors
Hut 8’s new mining site in Cedarvale, Texas, will house almost 66,000 miners and will be powered by more than 215 MWof energy.
FTX and Alameda move $23.59M in assets to Binance, Coinbase, OKX
The latest transfer of $23.59 million was spread across 19 tokens, including ETH, ALEPH, CRV, AVAX, LINK, DOGE, MATIC, UNI, and SOL.
FTX to submit revised reorganization plan in mid-December
Bankrupt, defunct exchange FTX is preparing to present an updated reorganization plan to the court in mid-December.
Core Scientific explains its latest bankruptcy plan ahead of court date
If approved, this third version of the plan will go into effect on Jan. 5, 2024, and see the company add 372 MW in capacity by 2027.
FTX and Alameda transfers another $22M worth of crypto asset
Following their most recent move, FTX and Alameda Research have transferred another significant amount of digital assets, amounting to an impressive $22 million.
Celsius faces hurdle as judge hints at new vote for Bitcoin mining shift
Judge Martin Glenn reportedly said that the proposed transformation into a Bitcoin mining business deviates significantly from the deal creditors initially voted on.
Celsius grants access to withdrawals for eligible crypto holders
Eligible participants can withdraw 72.5% of their cryptocurrency holdings minus transaction fees.
3AC co-founder Kyle Davies spotted in Bali, sources claim
Sources claim that 3AC co-founder Kyle Davies has been based in Bali for months as he continues to evade Singaporean authorities over the collapse of his failed hedge fund.