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Byju's Must Freeze $533 Million, Says US Bankruptcy Judge In Win For Lenders
Tech firm Think & Learn Pvt must freeze $533 million to protect the money for disgruntled lenders who claim the cash should only be used to pay them, a US judge said on Thursday.
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Byju's Billionaire Founder Gets Court Relief In Fight Against Shareholders
Ed-tech firm Byju's said Wednesday a court had given it temporary protection in its fight against a group of shareholders trying to sack the company's billionaire founder.
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Byju's US Unit Files For Bankruptcy Protection
A unit of Byju's, once one of India's hottest tech startups, was put into bankruptcy in the US by a court-appointed agent who took over the shell company after it defaulted on $1.2 billion in debt.
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Go Air Troubles Mount As Billionaire Backed Airline Nears Shutdown
Another airline backed by a billionaire is on the brink of shutting down for good, having tried and so far failed to attract a savior after entering bankruptcy protection in May.
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Chinese Real Estate Giant Evergrande Files For Bankruptcy Protection
Embattled Chinese property giant Evergrande Group filed for bankruptcy protection in the United States on Thursday, court documents showed, a measure that protects its US assets while it attempts to restructure.
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China's Evergrande Group Files For Bankruptcy In US
Embattled Chinese property giant Evergrande Group filed for bankruptcy protection in the United States on Thursday, court documents showed, a measure that protects its US assets while it efforts a restructuring deal.
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FTX’s Sam Bankman-Fried Denies Allegations of Witness Tampering, Accepts Gag Order
Lawyers for FTX founder Sam Bankman-Fried rejected prosecutors' claims that his discussions with a New York Times reporter amounted to witness tampering but agreed to accept a gag order, they said in a letter to the judge in the criminal fraud case.
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Celsius Founder, Former CEO Arrested Over Fraud Charges as SEC Sues Crypto Firm
Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a US prosecutor in New York said Thursday morning, as three federal regulatory agencies sued him and his company. Mashinsky, 57, was charged with seven criminal counts while Celsius' former chief revenue officer, Roni C...
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Crypto Investors Grow Cautious After Sudden Collapse of Exchanges Last Year
Cryptocurrency investors have grown more cautious about who they do business with, after being burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and others, and fearing a regulatory crackdown will put more pressure on remaining firms. The recent crypto platform bankruptcies trapped customer assets now worth around $34 bi...
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Bankrupt Crypto Lender Voyager Digital Hopeful to Provide 35 Percent Customer Payout
Crypto lender Voyager Digital said Wednesday that customers will recover about 35 percent of their cryptocurrency deposits as the company winds down its operations after a failed buyout attempt by crypto exchange Binance.US. US Bankruptcy Judge Michael Wiles approved Voyager's proposed liquidation plan at a court hearing in Manhattan on Wednesday.
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BlockFi Gets Court’s Approval to Return $297 Million to Customers
BlockFi received court permission to return $297 million (INR conversion) to customers with non-interest-bearing accounts, without repaying customers who had tried to move funds into those accounts at the last minute. Customers who had interest-bearing accounts did not own their deposits, which were turned over to BlockFi.
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Government Bailout Of Go First Unlikely Till Engine Issue Sorted: Minister
A government bailout of cash-strapped Go Airlines (India) Ltd was unlikely unless something could be done about the supply of engines to the airline, which sought bankruptcy protection last week, a minister has said.
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SVB Financial, Silicon Valley Bank Parent, Files For Bankruptcy Protection
The parent firm of US lender Silicon Valley Bank has filed for bankruptcy, nearly a week after US authorities swooped in and seized the bank's assets following a run on deposits, which made it no longer tenable.
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Crypto Mining Firm Core Scientific To File For Chapter 11 Bankruptcy: Report
Core Scientific Inc will file for bankruptcy protection in Texas early on Wednesday morning but will not liquidate, the report published late on Tuesday said, adding that it will continue to operate normally.
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Goldman Sachs Looking at Buying, Investing in Bargain Crypto Firms Impacted by FTX Collapse
Goldman Sachs is planning on buying or investing in crypto firms affected by the collapse of Sam Bankman-Fried's FTX crypto exchange last month. The global investment bank is doing due diligence on a number of different crypto firms, according to Goldman Sachs' head of digital assets.
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Byju's Must Freeze $533 Million, Says US Bankruptcy Judge In Win For Lenders
Tech firm Think & Learn Pvt must freeze $533 million to protect the money for disgruntled lenders who claim the cash should only be used to pay them, a US judge said on Thursday.
-
Byju's Billionaire Founder Gets Court Relief In Fight Against Shareholders
Ed-tech firm Byju's said Wednesday a court had given it temporary protection in its fight against a group of shareholders trying to sack the company's billionaire founder.
-
Byju's US Unit Files For Bankruptcy Protection
A unit of Byju's, once one of India's hottest tech startups, was put into bankruptcy in the US by a court-appointed agent who took over the shell company after it defaulted on $1.2 billion in debt.
-
Go Air Troubles Mount As Billionaire Backed Airline Nears Shutdown
Another airline backed by a billionaire is on the brink of shutting down for good, having tried and so far failed to attract a savior after entering bankruptcy protection in May.
-
Chinese Real Estate Giant Evergrande Files For Bankruptcy Protection
Embattled Chinese property giant Evergrande Group filed for bankruptcy protection in the United States on Thursday, court documents showed, a measure that protects its US assets while it attempts to restructure.
-
China's Evergrande Group Files For Bankruptcy In US
Embattled Chinese property giant Evergrande Group filed for bankruptcy protection in the United States on Thursday, court documents showed, a measure that protects its US assets while it efforts a restructuring deal.
-
FTX’s Sam Bankman-Fried Denies Allegations of Witness Tampering, Accepts Gag Order
Lawyers for FTX founder Sam Bankman-Fried rejected prosecutors' claims that his discussions with a New York Times reporter amounted to witness tampering but agreed to accept a gag order, they said in a letter to the judge in the criminal fraud case.
-
Celsius Founder, Former CEO Arrested Over Fraud Charges as SEC Sues Crypto Firm
Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a US prosecutor in New York said Thursday morning, as three federal regulatory agencies sued him and his company. Mashinsky, 57, was charged with seven criminal counts while Celsius' former chief revenue officer, Roni C...
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Crypto Investors Grow Cautious After Sudden Collapse of Exchanges Last Year
Cryptocurrency investors have grown more cautious about who they do business with, after being burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and others, and fearing a regulatory crackdown will put more pressure on remaining firms. The recent crypto platform bankruptcies trapped customer assets now worth around $34 bi...
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Bankrupt Crypto Lender Voyager Digital Hopeful to Provide 35 Percent Customer Payout
Crypto lender Voyager Digital said Wednesday that customers will recover about 35 percent of their cryptocurrency deposits as the company winds down its operations after a failed buyout attempt by crypto exchange Binance.US. US Bankruptcy Judge Michael Wiles approved Voyager's proposed liquidation plan at a court hearing in Manhattan on Wednesday.
-
BlockFi Gets Court’s Approval to Return $297 Million to Customers
BlockFi received court permission to return $297 million (INR conversion) to customers with non-interest-bearing accounts, without repaying customers who had tried to move funds into those accounts at the last minute. Customers who had interest-bearing accounts did not own their deposits, which were turned over to BlockFi.
-
Government Bailout Of Go First Unlikely Till Engine Issue Sorted: Minister
A government bailout of cash-strapped Go Airlines (India) Ltd was unlikely unless something could be done about the supply of engines to the airline, which sought bankruptcy protection last week, a minister has said.
-
SVB Financial, Silicon Valley Bank Parent, Files For Bankruptcy Protection
The parent firm of US lender Silicon Valley Bank has filed for bankruptcy, nearly a week after US authorities swooped in and seized the bank's assets following a run on deposits, which made it no longer tenable.
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Crypto Mining Firm Core Scientific To File For Chapter 11 Bankruptcy: Report
Core Scientific Inc will file for bankruptcy protection in Texas early on Wednesday morning but will not liquidate, the report published late on Tuesday said, adding that it will continue to operate normally.
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Goldman Sachs Looking at Buying, Investing in Bargain Crypto Firms Impacted by FTX Collapse
Goldman Sachs is planning on buying or investing in crypto firms affected by the collapse of Sam Bankman-Fried's FTX crypto exchange last month. The global investment bank is doing due diligence on a number of different crypto firms, according to Goldman Sachs' head of digital assets.
