bankruptcy

Ex-FTX Lawyer Testifies Company Falsely Promised Asset Protection
Ex-FTX Lawyer Testifies Company Falsely Promised Asset Protection
October 19, 2023  |  Legal

A former FTX lawyer testified that the company had falsely promised institutional customers, including hedge fund Sculptor Capital Management, that their assets would be safe in...

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FTX Proposes Returning 90% of Customer Funds
FTX Proposes Returning 90% of Customer Funds
October 17, 2023  |  Cryptocurrency

FTX has proposed a settlement that gives creditors more than 90% of their funds. The proposal, announced late Tuesday (Oct. 16), is set to be filed with the...

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Nearly 1 in 5 High-Debt Consumers With Credit Score Issues Have Filed for Bankruptcy
Nearly 1 in 5 High-Debt Consumers With Credit Score Issues Have Filed for Bankruptcy
October 12, 2023  |  Consumer Finance

Consumer credit card debt in the United States has surpassed the $1 trillion mark, leading to heightened concerns about credit insecurity among both consumers and...

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Report: Voyager Co-Founder Stephen Ehrlich May Face CFTC Action
Report: Voyager Co-Founder Stephen Ehrlich May Face CFTC Action
October 06, 2023  |  Cryptocurrency

Voyager Digital co-founder Stephen Ehrlich is reportedly facing potential enforcement action from U.S. regulators following investigations into the conduct of the bankrupt crypto lender. Staff in...

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Celsius Network Seeks Court Approval for Bankruptcy Exit Plan
Celsius Network Seeks Court Approval for Bankruptcy Exit Plan
October 03, 2023  |  Cryptocurrency

Celsius Network is reportedly seeking court approval on a bankruptcy exit plan that would allow it to restart as a user-owned bitcoin miner. The failed...

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Working Capital Deserts on Main Street Challenge Small Business Survival
Working Capital Deserts on Main Street Challenge Small Business Survival
October 02, 2023  |  SMBs

Access to business financing is crucial for small and medium-sized businesses (SMBs) on Main Street — firms generating less than $10 million in annual revenue...

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Report: Amazon Seller Thrasio Mulls Bankruptcy
Report: Amazon Seller Thrasio Mulls Bankruptcy
September 27, 2023  |  eCommerce

Thrasio, a prominent eCommerce startup specializing in acquiring consumer brands sold on Amazon, is reportedly grappling with financial difficulties following a decline in online spending...

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BlockFi Receives Court Approval for Liquidation Plan
BlockFi Receives Court Approval for Liquidation Plan
September 26, 2023  |  Cryptocurrency

Crypto lender BlockFi has reportedly been granted approval for its liquidation plan by a bankruptcy court. This decision brings a glimmer of hope for customers...

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From Crypto Fame to Courtroom Shame: Bankman-Fried’s Rise, Fall, and Reckoning
From Crypto Fame to Courtroom Shame: Bankman-Fried’s Rise, Fall, and Reckoning
September 26, 2023  |  Legal

The customer claims portal for failed crypto exchange FTX closes this Friday (Sept. 29). Next Tuesday (Oct. 3), Sam Bankman-Fried, the company’s co-founder and former...

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