Restructuring
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Hogwarts Legacy Story Expansion Reportedly Cancelled as Part of Warner Bros. Games Restructuring
Warner Bros. reportedly cancelled a planned expansion for Hogwarts Legacy, its biggest gaming hit in recent years, as part of restructuring efforts at its games division. The DLC was targeting a 2025 release and would have added story content to the action-adventure game, a new Bloomberg report has claimed.
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WazirX Partners With BitGo for Asset Custody Services Amid Ongoing Financial Restructuring
On Wednesday, March 12, WazirX announced BitGo as its official asset custodian. Through this partnership, WazirX will leverage BitGo’s institutional-grade infrastructure, multi-signature wallets, and insurance coverage of up to $250 million (approximately Rs. 2,180 crore) to restore community trust.Â
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Will Announce Leader Of Opposition After Party MLAs Take Oath On Monday: AAP
AAP leader Gopal Rai announced that the party has initiated the process of restructuring its core and frontal wings following the Delhi Assembly election results.
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Elon Musk's Reaction To Woman Losing "Dream Job" In DOGE Cuts Sparks Discussion
A US woman who once praised the convenience of remote work has lost her job in the federal restructuring spearheaded by Elon Musk.
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Elon Musk Will Pull OpenAI Bid if ChaGPT-Maker Remains Non-Profit, Lawyers Say
A consortium led by Elon Musk will withdraw its bid for OpenAI's non-profit arm on one condition -- that OpenAI lets go of its plans to become a for-profit entity. OpenAI's board has not yet received a formal bid from Musk's group, a source familiar with the matter told Reuters on Tuesday, adding to the confusion over the unsolicited attempt.
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WazirX Says Asset Rebalancing Complete, Invites Creditors to Raise Disputes
On February 10, WazirX announced the completion of its Net Liquid Platform Assets (NLPA) rebalancing, aligning token denominations with its assets and liabilities. The exchange has introduced three new tabs on its app and website, allowing users to view their rebalanced portfolio, their balance as of July 18, 2024, and the preliminary creditor list...
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WazirX Tells Creditors to Approve Restructuring Scheme or Wait Till 2030 for Refunds
WazirX said if a majority of creditors vote against the scheme, they could have to wait for up to five years to get compensated for the funds they lost in the July 2024 hack. A company spokesperson told Gadgets 360 that the exchange plans to start the voting process by the end of February or early March.
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Singapore Court Approves WazirX’s Financial Restructuring Plan, Creditors to Vote Next
The Singapore High Court has approved WazirX's financial restructuring scheme, contingent on at least 75 percent of creditors voting in favour. If approved, WazirX will initiate the reimbursement process within ten business days of the scheme's effective date.
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Airtel Introduces New Voice and SMS-Only Prepaid Plans After TRAI Mandate
Bharti Airtel is introducing specialised prepaid recharge plans including only voice and SMS services. The move comes after the Telecom Regulatory Authority of India (TRAI) issued a mandate last month to telecommunication operators in India. These new plans will not include bundled data and are aimed at consumers who do not have Internet connectivi...
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CoinSwitch Announces Rewards-Backed Initiative for WazirX Users to Recover Around Rs. 600 Crore
CoinSwitch has announced a recovery programme for distressed WazirX users. The plan is estimated to help WazirX users recover at least Rs. 600 crore over a period of two years. Meanwhile, WazirX is preparing to present its restructuring plan in a Singapore court on January 22, after which it plans to extend the proposal to its creditors.
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Chinese Tricksters Take Cue From Squid Game To Prey On The Indebted
In China's take on Squid Game, fraudsters are preying on the financially distressed in a slumping economy with promises of prize money, debt restructuring and other schemes that are not always what is promised.
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WazirX Restructuring Plan Heads to Court in January; Risk of Liquidation If Rejected
Zettai stated that it is awaiting Singapore Court approval to present its restructuring plan to creditors. It added that if the plan is not approved, WazirX’s only remaining option would be liquidation.
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WazirX Hack: Zettai Requests Court Approval to Present Restructuring Plan for Creditor Vote
Zettai announced that it has filed an application with the court seeking permission to convene a meeting with its creditors. The meeting aims to present a proposed restructuring scheme and secure creditor approval through a vote.
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Ola Electric To Lay Off 500 Employees Amid Losses: Report
Ola Electric, mired in controversies amid a government probe and mounting losses, is set to lay off at least 500 employees as part of a restructuring exercise.
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WazirX's Nischal Shetty Aims to Build India's Largest Decentralised Exchange Within 12 Months
This week, WazirX hosted a virtual town hall where founder Nischal Shetty shared that he is considering launching a decentralised exchange (DEX) to complement the existing WazirX platform. According to Shetty, a DEX could help mitigate the risks associated with centralised exchanges.
-
Hogwarts Legacy Story Expansion Reportedly Cancelled as Part of Warner Bros. Games Restructuring
Warner Bros. reportedly cancelled a planned expansion for Hogwarts Legacy, its biggest gaming hit in recent years, as part of restructuring efforts at its games division. The DLC was targeting a 2025 release and would have added story content to the action-adventure game, a new Bloomberg report has claimed.
-
WazirX Partners With BitGo for Asset Custody Services Amid Ongoing Financial Restructuring
On Wednesday, March 12, WazirX announced BitGo as its official asset custodian. Through this partnership, WazirX will leverage BitGo’s institutional-grade infrastructure, multi-signature wallets, and insurance coverage of up to $250 million (approximately Rs. 2,180 crore) to restore community trust.Â
-
Will Announce Leader Of Opposition After Party MLAs Take Oath On Monday: AAP
AAP leader Gopal Rai announced that the party has initiated the process of restructuring its core and frontal wings following the Delhi Assembly election results.
-
Elon Musk's Reaction To Woman Losing "Dream Job" In DOGE Cuts Sparks Discussion
A US woman who once praised the convenience of remote work has lost her job in the federal restructuring spearheaded by Elon Musk.
-
Elon Musk Will Pull OpenAI Bid if ChaGPT-Maker Remains Non-Profit, Lawyers Say
A consortium led by Elon Musk will withdraw its bid for OpenAI's non-profit arm on one condition -- that OpenAI lets go of its plans to become a for-profit entity. OpenAI's board has not yet received a formal bid from Musk's group, a source familiar with the matter told Reuters on Tuesday, adding to the confusion over the unsolicited attempt.
-
WazirX Says Asset Rebalancing Complete, Invites Creditors to Raise Disputes
On February 10, WazirX announced the completion of its Net Liquid Platform Assets (NLPA) rebalancing, aligning token denominations with its assets and liabilities. The exchange has introduced three new tabs on its app and website, allowing users to view their rebalanced portfolio, their balance as of July 18, 2024, and the preliminary creditor list...
-
WazirX Tells Creditors to Approve Restructuring Scheme or Wait Till 2030 for Refunds
WazirX said if a majority of creditors vote against the scheme, they could have to wait for up to five years to get compensated for the funds they lost in the July 2024 hack. A company spokesperson told Gadgets 360 that the exchange plans to start the voting process by the end of February or early March.
-
Singapore Court Approves WazirX’s Financial Restructuring Plan, Creditors to Vote Next
The Singapore High Court has approved WazirX's financial restructuring scheme, contingent on at least 75 percent of creditors voting in favour. If approved, WazirX will initiate the reimbursement process within ten business days of the scheme's effective date.
-
Airtel Introduces New Voice and SMS-Only Prepaid Plans After TRAI Mandate
Bharti Airtel is introducing specialised prepaid recharge plans including only voice and SMS services. The move comes after the Telecom Regulatory Authority of India (TRAI) issued a mandate last month to telecommunication operators in India. These new plans will not include bundled data and are aimed at consumers who do not have Internet connectivi...
-
CoinSwitch Announces Rewards-Backed Initiative for WazirX Users to Recover Around Rs. 600 Crore
CoinSwitch has announced a recovery programme for distressed WazirX users. The plan is estimated to help WazirX users recover at least Rs. 600 crore over a period of two years. Meanwhile, WazirX is preparing to present its restructuring plan in a Singapore court on January 22, after which it plans to extend the proposal to its creditors.
-
Chinese Tricksters Take Cue From Squid Game To Prey On The Indebted
In China's take on Squid Game, fraudsters are preying on the financially distressed in a slumping economy with promises of prize money, debt restructuring and other schemes that are not always what is promised.
-
WazirX Restructuring Plan Heads to Court in January; Risk of Liquidation If Rejected
Zettai stated that it is awaiting Singapore Court approval to present its restructuring plan to creditors. It added that if the plan is not approved, WazirX’s only remaining option would be liquidation.
-
WazirX Hack: Zettai Requests Court Approval to Present Restructuring Plan for Creditor Vote
Zettai announced that it has filed an application with the court seeking permission to convene a meeting with its creditors. The meeting aims to present a proposed restructuring scheme and secure creditor approval through a vote.
-
Ola Electric To Lay Off 500 Employees Amid Losses: Report
Ola Electric, mired in controversies amid a government probe and mounting losses, is set to lay off at least 500 employees as part of a restructuring exercise.
-
WazirX's Nischal Shetty Aims to Build India's Largest Decentralised Exchange Within 12 Months
This week, WazirX hosted a virtual town hall where founder Nischal Shetty shared that he is considering launching a decentralised exchange (DEX) to complement the existing WazirX platform. According to Shetty, a DEX could help mitigate the risks associated with centralised exchanges.
