In a major win for FTX customers, a judge has approved the bankruptcy plan that will enable the exchange’s users to recover their funds. The decision comes as a relief to the thousands of individuals who were left in limbo when the cryptocurrency exchange filed for bankruptcy earlier this year. With the approval of the… Continue reading FTX Customers Will Get Back Billions After Judge OKs Bankruptcy Plan
Category: bankruptcy
Daily Crunch: With just $2.2B in remaining liquidity, SVB’s parent company files for bankruptcy
Silicon Valley Bank’s parent company, SVB Financial Group, announced yesterday that it has filed for Chapter 11 bankruptcy with just $2.2 billion in remaining liquidity. This news comes as a huge shock to the financial world, as SVB Financial Group had been seen as a major player in the industry and a reliable source of… Continue reading Daily Crunch: With just $2.2B in remaining liquidity, SVB’s parent company files for bankruptcy
Bitcoin miner Argo to avoid bankruptcy with $100M deal from Galaxy Digital
Argo Blockchain, a U.K.-based bitcoin mining company, has signed a $100 million deal with Galaxy Digital, a digital asset merchant bank, that could avert the mining firm’s potential bankruptcy. The deal was announced this week and will see Argo receive $18.1 million in cash and over $81.5 million in Galaxy Digital shares. The shares will… Continue reading Bitcoin miner Argo to avoid bankruptcy with $100M deal from Galaxy Digital