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Court directs BlockFi to retract chapter 11 reorganization plan

0xMain
May 22, 2023

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A U.S. bankruptcy court recently ordered cryptocurrency lender BlockFi to withdraw its prematurely disclosed chapter 11 reorganization plan and accompanying statement until all materials are formally authorized. On May 18, the court directed BlockFi, the insolvent cryptocurrency lender, to retract its prematurely disclosed...

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Celsius submits chapter 11 reorganization plan centered on NovaWulf deal

0xMain
April 2, 2023

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Celsius Network, the bankrupt cryptocurrency company, filed its chapter 11 reorganization plan in the late hours of March 31, 2023, built around NovaWulf Digital Management, an SEC-registered investment manager. Celsius submits chapter 11 restructuring plan The announcement was made by the Celsius Official Committee of...

SVB’s parent firm files for chapter 11 protection

0xMain
March 17, 2023

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A few days after its former business Silicon Valley Bank was taken over by U.S. authorities, SVB Financial Group said on March 17 that it had filed for a court-supervised restructuring under chapter 11 bankruptcy protection to seek purchasers for its assets. The...