The BlockFi bankruptcy case, culminating in a significant payout to its legal team, underscores the intricate and costly nature of legal battles in cryptocurrency. As firms like Kirkland & Ellis ...
In a recent update, Zac Prince, the founder and former CEO of the now-bankrupt cryptocurrency lender BlockFi, has shared ...
According to a source that spoke with Decrypt, alongside the bankruptcy proceedings, BlockFi will also be laying off a “large portion” of its staff. With the recent implosion of FTX and the connected ...
In its bankruptcy filing in November 2022, BlockFi had cited its loans to FTX's sister firm Alameda as one of the reasons for its collapse. Separately, FTX founder Sam Bankman-Fried is currently ...
Renzi said that BlockFi had sold a portion of its crypto assets earlier in November to fund its bankruptcy. Those sales raised $238.6 million in cash, and BlockFi now has $256.5 million in cash on ...
NEW YORK: BlockFi, the first direct casualty of crypto exchange FTX’s collapse, tells a US bankruptcy judge that the US cryptocurrency lender was “the antithesis of FTX” and that it would ...
There are lessons to be learned from the major crypto bankruptcies. This guide covers a number of these monumental events in ...
Fast-casual Tex-Mex chain Tijuana Flats Restaurants on April 19 filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Middle District of Florida, after launching a strategic review ...
Franklin/AP file NEW YORK — Express Inc. — once a trendsetter of casual office attire that has struggled to compete with the likes of Zara and H&M — has filed for Chapter 11 bankruptcy ...
Bankruptcy, on the other hand, is a legal debt relief avenue by which the courts can require your lenders to discharge your debt (Chapter 7 bankruptcy) or work with you to restructure your assets ...
TAUNTON — Massachusetts officials are bracing for a potential bankruptcy filing by Steward Health Care as the cash-strapped hospital system nears a deadline to repay a consortium of lenders.
Bankruptcy Overview: Legal process for debt relief with lasting consequences for individuals and businesses. Bankruptcy Types: Six in the U.S., including Chapters 7, 11, and 13, each with unique ...