Bankruptcy

Questions Surround X/Twitter, After Elon Musk Expletive-Filled Rant

Has Elon Musk sabotaged X going forward? Analysts cite Twitter owner as the biggest liability for the platform

5 months ago

Celsius Network Approved To Exit Bankruptcy

New Jersey-based Celsius Network receives US bankruptcy court approval for a restructuring plan so it can exit Chapter 11

6 months ago

WeWork Files For Bankruptcy Protection In US

WeWork, once valued privately at $47bn and seen as future of workplace, files for bankruptcy in US amidst heavy losses

6 months ago

Google Russia Declared Bankrupt After Bank Account Seizure

Russian subsidiary of Google officially declared bankrupt after authorities in Moscow seized bank account in dispute with Western tech

6 months ago

Ransomware Attack Blamed As Logistics Firm Collapses

Devastating ransomware attack blamed, as veteran firm KNP Logistics enters administration with 730 jobs lost

7 months ago

FTX’s Sam Bankman-Fried Sent To Jail Over Witness Tampering

FTX's Sam Bankman-Fried sent to jail in the US after judge revokes his $250 million bail over witness tampering

8 months ago

Singapore Wealth Fund Cuts Pay Amidst FTX Fallout

Singapore sovereign wealth fund Temasek Holdings cuts staff and senior management pay after writing off $275m FTX investment

11 months ago

Virgin Orbit Shuts Down After Chapter 11 Filing

Sir Richard Branson ends Virgin Orbit operations going forward, with assets being sold off to rivals in space launch sector

11 months ago

Virgin Orbit Files For Bankruptcy In US

Sir Richard Branson satellite launch firm Virgin Orbit files for bankruptcy in US after failing to secure funding, 18 months…

1 year ago

Sam Bankman-Fried Allegedly Received $2.2 Billion From FTX Entities

Filings from bankrupt FTX show it made transfers of about $2.2 billion to company founder Sam Bankman-Fried

1 year ago

Avaya Files For Chapter 11 Protection, Again

Filing for bankruptcy protection will allow cloud comms provider Avaya to reduce its total debt burden to manageable levels

1 year ago

Crypto Lender Genesis Files For Chapter 11

Another victim of the fallout from FTX collapse, as crypto lender Genesis files for Chapter 11 bankruptcy protection

1 year ago

Britishvolt Calls In Administrators, After Months Of Struggle

Despite staff at battery start-up Britishvolt in Northumberland taking a pay cut last year, the firm has now filed for…

1 year ago

Court Rules Celsius Network Owns Customer Crypto Assets

Legal setback for customers of bankrupt Celsius Network, after US judges rules firm owns most of the deposited cryptocurrency

1 year ago

FTX’s Sam Bankman-Fried Pleads Not Guilty To Fraud Charges

Faced a possible 115 years in prison, FTX's Sam Bankman-Fried pleads not guilty to fraud charges, as trial is slated…

1 year ago

Bitcoin Miner Core Scientific Files For Chapter 11

One of the largest publicly traded crypto mining companies in the US, Core Scientific, is filing for Chapter 11 bankruptcy…

1 year ago

FTX Founder Sam Bankman-Fried Arrested In Bahamas

Former CEO and founder of collapsed crypto exchange FTX is arrested after the United States files charges against him

1 year ago

DoJ Watchdog Seeks Investigation Into FTX Collapse

Speculator crash of crypto exchange FTX sees bankruptcy watchdog at the US Department of Justice called for 'independent investigation'

1 year ago

Bitfront To Close Down, In Latest Crypto Failure

Latest casualty. Crypto exchange Bitfront confirms it is shutting down amid challenging crypto market, despite best efforts

1 year ago

Crypto Lender BlockFi Files For Chapter 11 Bankruptcy

FTX collapse cited, as cryptocurrency lender BlockFi files for Chapter 11 bankruptcy protection in New Jersey court

1 year ago

FTX Owes Top 50 Creditors $3.1bn

Bankrupt crypto exchange FTX discloses it owes 50 biggest creditors more than $3.1 billion after spectacular collapse this month

1 year ago

Lawsuit Against FTX Founder, As New Boss Slams Previous Management

Class action lawsuit launched against Sam Bankman-Fried, as new FTX CEO slams previous corporate management practices

1 year ago

Failed FTX Exchange Could Have A Million Creditors

As regulators begin investigations into FTX's bankruptcy, filings indicate the failed crypto exchange could have 1 million creditors

1 year ago

FTX Crypto Exchange Files For Bankruptcy, CEO Resigns

Chapter 11 for cryptocurrency exchange FTX, after it failed to secure rescue bid and additional funding. CEO Sam Bankman-Fried resigns

1 year ago

FTC Closely Watching Developments At Twitter, As More Resign

Elon Musk raises possibility of bankruptcy at Twitter, as entire privacy and compliance team resigns prompting FTC warning

1 year ago

Britishvolt Secures Funding For Five Weeks

Staff at battery start-up Britishvolt in Northumberland take a pay cut, after it secures five-week funding lifeline

1 year ago

UKCloud Placed Into ‘Compulsory Liquidation’

Public-sector cloud provider UKCloud and parent Virtual Infrastructure Group has been forced into compulsory liquidation

1 year ago

Celsius Seeks Permission To Sell Stablecoin Assets

Bankrupt cryptocurrency lender Celsius Network files request to sell its stablecoin assets, as it seeks funds to continue operations

2 years ago

Bankrupt Celsius Network To Pay CFO $90,000 Per Month – Report

Cash strapped cryptocurrency lender Celsius Network wishes to bring back former CFO Rod Bolger and pay him $92,000 per month

2 years ago

Celsius Network Files For Bankruptcy Protection

Troubled cryptocurrency lender Celsius Network confirms it has filed for bankruptcy protection as it seeks to restructure

2 years ago