Bankrupt Assets

Latest News for: Bankrupt assets

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Bed Bath and Beyond's Baby Gear Retailer Attracts Bidders

The Marshall News Messenger 03 Jun 2023

Buy Buy Baby, the baby gear retailer is drawing interest from at least two bidders as its parent company, Bed Bath & Beyond, works to auction off its assets and keep some form of its business alive, according to CNBC ... A stalking horse bid is an offer on the assets of a bankrupt company that, if accepted, sets a price floor for future bids.

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Celsius rocks crypto: $800M Ether staking increases Ethereum validator queue to 44 days

Cryptopolitan 03 Jun 2023

bankruptcy court sold the lender’s assets at auction to Fahrenheit, an investment group funded by Arrington Capital ... The bankrupt crypto lender case. The reorganization of staked assets is part of the entity’s ongoing attempts to restructure after it filed for bankruptcy in July.

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Mercer to acquire Structurlam's Conway plant

Log Cabin Democrat 02 Jun 2023

has received Bankruptcy Court sales order approval to acquire "substantially all of the assets" of Canadian-based mass timber manufacturer Structurlam, including its production facility in Conway, Mercer announced in a news release on Tuesday ... The stalking horse bid is the initial bid made on a bankrupt or distressed company's assets.

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Don’t store cash in Venmo and PayPal, US regulator warns

The Times & Democrat 02 Jun 2023

... of millions of dollars worth of their assets, leaving them to become creditors in the bankruptcy cases. “If a nonbank payment app was to go bankrupt as a result of these risks, customers may not be the only creditors with claims on the company’s remaining assets,” said the CFPB.

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Global Coup d’État and the “Great Reset”. Global Debt and Neoliberal “Shock Treatment”

GlobalResearch 02 Jun 2023

“ a combined 20 trillion dollars in managed assets ... the multi-billion dollar creditors) are slated to appropriate the real assets of both bankrupt companies as well as state assets ... productive assets, agriculture, industry, services, economic and social infrastructure, investment, employment, etc.

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Binance Considering Bank Deposits for Some Customers’ Collateral Funds: Report

OBN 31 May 2023

Major crypto asset (virtual currency) exchange Binance is considering a system in which some of its customers, such as institutional investors, store transaction collateral in banks ... In particular, after the major virtual currency exchange FTX went bankrupt, the impact on customer assets in the event of bankruptcy began to be discussed.

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FTX has paid over $100M to lawyers and consultants handling its bankruptcy case

Cryptoslate 31 May 2023

The law firm previously described its services to the bankrupt exchange as “one of the most complicated, multi-disciplinary exercises by any law firm.” ... The financial statement further showed that the bankrupt firm got $105.32 million through the sales of four different assets.

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OKX sends bankrupt Alameda $8.3M in crypto assets

Cryptoslate 30 May 2023

OKX sent $8.3 million in different crypto assets to Alameda Research over the past seven days, according to the Arkham Intelligence dashboard. The transfers, which happened in multiple transactions on May 29, saw the exchange send between $60,000 – $1.4 million worth of different cryptocurrencies to the bankrupt crypto firm.

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US Bitcoin Corp to Operate Restructured Mining Division of Celsius, Boosting Hashrate by 12.2 EH/s

Bitcoin 29 May 2023

Bitcoin Corp (USBTC) has announced its intention to employ the mining assets of Celsius, the defunct crypto lender ... Bitcoin Corp (USBTC) has plans to utilize the mining assets of the now-bankrupt crypto lender, Celsius ... and scaling high-potential assets across Web3 markets.”.

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Gemini and Genesis File Motion for Dismissal of SEC Lawsuit Against Earn Products

CryptoPotato 29 May 2023

Crypto exchange Gemini and bankrupt digital asset lender Genesis Global Capital have jointly filed a motion to dismiss a lawsuit from the U.S ... The defendants further insisted that the Master Digital Asset Loan Agreement (MDALA) for the Gemini Earn program was not an investment contract.

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Rich Dad Poor Dad Author Robert Kiyosaki Says America Is Bankrupt Amid US Debt Crisis

Bitcoin 28 May 2023

Rich Dad Poor Dad author Robert Kiyosaki says America is bankrupt as lawmakers engage in lengthy negotiations over the debt ceiling ... bankrupt ... Financial market ‘derivative assets’ measured in quadrillions thousands of trillions.

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Centre in talks with banks on transfer of attached assets

The Economic Times 28 May 2023

Presently, such assets of a fraudulent bankrupt borrower removed by investigating agencies, such as the Enforcement ...

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Can Solana overcome the FTX collapse? Avorak AI provides deep-learning insights

NULLTX 28 May 2023

The close association between FTX and Solana, including investments and integration, proves detrimental as funds and users leave the platform. FTX-owned hedge fund Alameda Research acquired a significant portion of SOL. The Solana Foundation also had exposure to FTX-related assets, now stuck on the bankrupt exchange. What is Solana? ... Avorak AI.

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USBTC Acquires Celsius’ Assets to Become Lead Miner in the US

Coin Edition 26 May 2023

US Bitcoin Corporation acquired the assets of the bankrupt Celsius Network in an auction ... The industrial-scale operator of Bitcoin mining sites US Bitcoin Corporation has acquired assets from the bankrupt financial company Celsius ...

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JPMorgan to Lay Off 1,000 Staff from the Bankrupt First Republic

Finance Magnates 26 May 2023

Wanting to nip its growth in the bud, the Californian regulator took control of the bankrupt institution and sold its assets to JPMorgan Chase ... However, the rest of the employees of the bankrupt ... The bankrupt FRB had its own employment-cutting plans by 25% at the end of April.