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bankruptcy

CDCROP: Can security tokens bring bankruptcy proceedings into the crypto age? (Aditya Vyas/Unsplash, modified by CoinDesk)
How Security Tokens Can Benefit Creditors in Bankruptcy Restructurings
These blockchain-based assets are SEC-regulated and can give investors a share of a failed business like Celsius' future profits.
CDCROP: Can security tokens bring bankruptcy proceedings into the crypto age? (Aditya Vyas/Unsplash, modified by CoinDesk)

CDCROP: Wolf Hollow Power Plant in Texas
RETRACTION: Compute North Did Not Pay Execs $3M on the Day It Declared Bankruptcy
The filing states the money was paid over the course of the year ended Sept. 22, not that day as CoinDesk reported earlier based on a mistaken reading of the document.
CDCROP: Wolf Hollow Power Plant in Texas

Celsius
Bankruptcy Judge Denies Celsius’ Motion to Pay Employees $3M in Retention Bonuses – At Least Temporarily
Judge Martin Glenn said he was “shocked” by the bankrupt lender’s plan to issue the bonuses while withholding information from the public, a move he called “completely unacceptable.”
Celsius

CDCROP: Wolf Hollow Power Plant in Texas
Lender Generate Capital to Buy Bankrupt Bitcoin Miner Compute North's Stake in 2 Bitcoin Mining Facilities
The lender is paying $5 million in cash and assuming liabilities associated with the two sites, which total 400 MW of operating capacity.
CDCROP: Wolf Hollow Power Plant in Texas

Core Scientific's Marble facility in North Carolina. (Core Scientific)
Bondholders of Troubled Bitcoin Miner Core Scientific Said to Be Working With Lawyers: Report
The company last week warned it may have to explore bankruptcy as its financial condition worsens.
Core Scientific's Marble facility in North Carolina. (Core Scientific)

Core Scientific's Marble facility in North Carolina. (Core Scientific)
Troubled Bitcoin Miner Core Scientific's Shares Continue to Plunge on Bankruptcy Risk
The shares fell another 15% Friday after a rough week amid financial woes and analyst downgrades.
Core Scientific's Marble facility in North Carolina. (Core Scientific)

CDCROP: Thermometer (Getty Images)
After Celsius Customer Data Release, Bankruptcy Judge Agrees to Appoint Privacy Ombudsman
The move comes after court documents released in early October revealed the financial details of hundreds of thousands of Celsius’ customers.
CDCROP: Thermometer (Getty Images)

CDCROP: Tom Pageler Chief Executive Officer at Prime Trust (LinkedIn)
Crypto Custodian Prime Trust Agrees to Return $17M in Tokens to Bankrupt Lender Celsius
The assets will be sent to a designated Celsius wallet, and will await court orders about how they should be distributed.
CDCROP: Tom Pageler Chief Executive Officer at Prime Trust (LinkedIn)

Voyager
Customers of Bankrupt Crypto Lender Voyager Could Recover 72% of Their Funds if FTX Sale Is Approved: Report
A judge still needs to approve a bankruptcy payout plan and the company could still scrap the deal in favor of a higher bid.
Voyager