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Category Bankruptcy

Storj Files for Chapter 11 Bankruptcy as STORJ Token Plunges 17%

Storj Files for Chapter 11 Bankruptcy as STORJ Token Plunges 17%

Storj's Director of Software Engineerin stated that the underlying business remains "strong and right-sized" but legacy obligations from an earlier...
Bitcoin Miner Poolin Files Bankruptcy, Seeks $52M Texas Asset Sale

Bitcoin Miner Poolin Files Bankruptcy, Seeks $52M Texas Asset Sale

Around $167 million of Poolin's debt comes from IOUs issued after customer withdrawals were frozen during 2022's market crash.
BitMEX shuts down without an FTX style crisis, revealing where crypto’s real danger has moved

BitMEX shuts down without an FTX style crisis, revealing where crypto’s real danger has moved

BitMEX completed a review of its business and will close on Sept. 23, telling customers to close their positions and withdraw funds before then. Th...
$141M Fundraise to $8 Daily Fees: Movement Labs Files for Bankruptcy

$141M Fundraise to $8 Daily Fees: Movement Labs Files for Bankruptcy

The MOVE token is trading more than 99% below its all-time high of $1.45 and hit an all-time low barely two days ago.
Celsius founders face permanent crypto bans that could cost more than their $16.5M obligations

Celsius founders face permanent crypto bans that could cost more than their $16.5M obligations

Together, the court-entered orders restrict marketing across deposit, exchange, investment, withdrawal and trading products, including assisted act...