bankruptcy

3,200 VC-Backed Companies Go Under in ‘Difficult Year’ for Startups
3,200 VC-Backed Companies Go Under in ‘Difficult Year’ for Startups
December 07, 2023  |  Startups

Investors in America’s tech startup sector are bracing for a collapse. That’s according to a report Thursday (Dec. 7) by the New York Times (NYT)...

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Bankrupt Trucking Company Yellow Auctions Off 75% of Properties
Bankrupt Trucking Company Yellow Auctions Off 75% of Properties
December 05, 2023  |  Shipping

Yellow, which was the third-largest carrier in the U.S. trucking industry at the time of its collapse last summer, held a court-supervised bankruptcy auction to...

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FTX Gets OK to Sell $744 Million in Grayscale Stakes
FTX Gets OK to Sell $744 Million in Grayscale Stakes
November 30, 2023  |  Cryptocurrency

FTX has gotten the go-ahead to sell stakes in digital trusts managed by Grayscale. According to recent court filings, a bankruptcy judge has given the...

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Main Street Business Formation Hits Headwinds as Service Sector Startups Decline
Main Street Business Formation Hits Headwinds as Service Sector Startups Decline
November 21, 2023  |  SMBs

If startups are the lifeblood of Main Street businesses, and if optimism is what drives sole proprietors and small firms to make a go of...

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FTX and BlockFi Get Permission to Begin Settlement Talks
FTX and BlockFi Get Permission to Begin Settlement Talks
November 14, 2023  |  Legal

A federal judge said cryptocurrency firms FTX and BlockFi can begin discussing a settlement. BlockFi, which hopes to recover funds owed by FTX, declared bankruptcy...

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Celsius Bankruptcy Case Comes to a Close
Celsius Bankruptcy Case Comes to a Close
November 09, 2023  |  Cryptocurrency

Cryptocurrency platform Celsius Network has won permission to end its bankruptcy case. And with that approval, the company can now return most of the remaining crypto back to its...

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FTX’s Possible Suitors Include Ex-NYSE Head
FTX’s Possible Suitors Include Ex-NYSE Head
November 08, 2023  |  Cryptocurrency

By this time next month, FTX could have a new owner. And among the three bidders for the bankrupt cryptocurrency exchange is a company headed by Tom Farley,...

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Genesis’ New Bankruptcy Plan Draws Ire of the Feds
Genesis’ New Bankruptcy Plan Draws Ire of the Feds
November 02, 2023  |  Legal

Genesis has altered its bankruptcy plans, and that doesn’t sit well with the federal government. The crypto lender said in a filing last week that it...

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BlockFi to Wind Down Operations, Return Assets to Customers
BlockFi to Wind Down Operations, Return Assets to Customers
October 24, 2023  |  Cryptocurrency

Crypto lender BlockFi has announced that it will wind down its operations and begin returning crypto assets to customers. BlockFi has emerged from bankruptcy and will now...

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