Bankruptcy | ForkLog

ForkLog 17 02.11.2022

Compute North sells assets to its former lender for $5 million

Generate Capital bought two data centres from the cloud-mining infrastructure-solutions provider Compute North. The deal was worth $5 million, The Block reports.

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ForkLog 16 25.10.2022

Court approves asset auction schedule for Celsius Network

A federal bankruptcy judge approved the plan for Celsius Network asset auctions. Auctions could wrap up by the end of the year.

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ForkLog 32 19.10.2022

German crypto bank Nuri to wind down operations in November

The Germany-based fintech startup Nuri (formerly Bitwala), focused on cryptocurrencies, will begin winding up at the end of November after an unsuccessful attempt to raise financing.

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ForkLog 17 27.09.2022

FTX wins auction for Voyager Digital assets

The cryptocurrency exchange FTX US won the auction to sell the assets of the bankrupt Voyager Digital, offering around $1.4 billion.

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ForkLog 25 23.09.2022

Compute North files for bankruptcy

The mining company and provider of infrastructure solutions for cloud mining Compute North filed for bankruptcy. Its liabilities to 200 counterparties are estimated at $500 million, and assets range from $100 million to $500 million.

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ForkLog 18 16.09.2022

FTX makes the highest bid for Voyager Digital

At the recent auction of the assets of the bankrupt cryptocurrency lender Voyager Digital, FTX made the most favourable bid.

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ForkLog 8 25.08.2022

Court Allows Voyager to Pay Employees $1.6 Million in Retention Bonuses

Crypto broker Voyager Digital may pay more than 30 employees a total of $1.6 million in retention bonuses, a bankruptcy court ruled. CoinDesk reports.

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ForkLog 26 10.08.2022

German crypto bank Nuri files for insolvency

In Germany-based fintech startup Nuri (formerly Bitwala), focused on cryptocurrencies, filed for insolvency. It served more than 500 thousand clients. Nuri filed for insolvency on Tuesday, August 9, 2022. This does not affect our services, customer funds or investments. You can find a complete statement of this situation on the Nuri Blog: https://t.co/UgAyckWE7J

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ForkLog 18 29.07.2022

Babel Finance loses over $280 million trading client funds

The crypto-financial services provider Babel Finance reported losses exceeding $280 million as a result of ill-advised trading decisions with client funds. The figures are presented in the restructuring proposal, The Block reports.

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ForkLog 24 19.07.2022

Babel Finance hires Kirkland & Ellis for restructuring; Celsius Network and Voyager Digital also turn to the firm

One of Asia's largest crypto lenders, Babel Finance has engaged the law firm Kirkland & Ellis for restructuring advice, Bloomberg reports citing its own sources.

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ForkLog 24 14.07.2022

Celsius Files for Bankruptcy Protection

The crypto lending platform Celsius Network and some of its subsidiaries filed for bankruptcy in a New York court.

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ForkLog 22 06.07.2022

Voyager Digital Files for Chapter 11 Bankruptcy

On Tuesday, July 5, the cryptocurrency broker Voyager Digital filed for bankruptcy in a New York court.

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