Vauld gets permission for board restructuring from the court
Singapore-based crypto exchange has been ongoing bankruptcy proceedings since August 2022.
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FTX debtors and UCC clash over asset control in restructuring
FTX strongly criticized the UCC's pursuit of asset control, as it recommended that debtors allocate nearly $2.6 billion from cash reserves into short-term Treasuries.
Core Scientific appoints Adam Sullivan as CEO amid restructuring process
The company claims to have seen a boost in liquidity in recent months and is expected to exit bankruptcy proceedings by September.
Google DeepMind restructuring aims to deliver next-gen AI breakthroughs
The new unit, Google Deepmind, was formed by merging the Brain team from Google Research and DeepMind, a London-based AI company Google had purchased in 2014.
Zipmex requests 2-month extension from Singapore court for restructuring plan
A ruling from Singapore’s High Court originally allowed Zipmex a moratorium until December 2022 to handle debt relief amid reported liquidity issues.
Crypto exchange Huobi returns to profitability in Q1 after restructuring
After cutting employees and benefits, the cryptocurrency exchange reportedly made a $30 million profit during the first quarter of 2023.
Celsius Network to make April 12 filing, including info on voting for restructuring plan
"Our Disclosure Statement will provide a summary of the Plan, account-holder recovery percentages, FAQs, and additional information on certain risk factors," said Celsius.
CoinFLEX restructuring approved in Seychelles as rebranding reportedly continues
The Seychelles courts have approved a plan that would give 65% of the company to creditors and 15% to employees as CoinFLEX is said to transition into the Open Exchange.
Binance US restructuring plan favored by 97% of Voyager customers
An overwhelming majority of Voyager account holders want Binance US to buy out the firm’s assets.
Celsius‘ motion to extend timeline for restructuring plan faces objection from creditors
“It is time to allow the Debtors’ customers to propose their own plan for the assets that they were defrauded into investing with Celsius,” said a Withhold account holders’ filing.