Bankruptcy Documents

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Celsius Ex-CEO Withdrew $10 Million Weeks Before Withdrawal Pause: Report

CryptoPotato 03 Oct 2022

As per US law, payments made by a firm 90 days ahead of filing for bankruptcy protection can be called back ... It made a bankruptcy filing in July, where documents revealed that the lending platform’s balance sheet had a $1.2-billion gap between assets ($4.3 billion) and liabilities ($5.5 billion).

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Alex Mashinsky Withdrew $10M From Сelsius Before Freezing Customer Accounts: Report

Decrypt 03 Oct 2022

What was once a popular lending platform with a valuation of over $3 billion found itself filing for Chapter 11 bankruptcy in July, with documents revealing a $1.2 billion hole in Celsius’ balance sheet.Celsius and US regulators. In an attempt to return some funds to customers, Celsius is now going against some major regulatory players.

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Celsius Mining claims hosting provider Core Scientific violated bankruptcy terms

The Block 30 Sep 2022

Bankruptcy Court for the Southern District of New York ... Additionally, Core Scientific billed Celsius for over $3.65 million in "power cost pass-through" charges due to "tariffs" following the bankruptcy filing in July, the document said ... Celsius Mining owned $720 million in “mining assets” at the time of the bankruptcy filing, documents show.

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'Reasonable' pay for abuse survivors urged, archdiocese says its finances 'very dire'; legal costs now ...

Guam Pacific Daily News 30 Sep 2022

The confirmation hearings will be on the archdiocese’s joint bankruptcy exit plan ... The archdiocese has already paid out more than $7.06 million in legal, financial and real estate professional services fees related to its bankruptcy case, court documents show ... These fees will continue to grow as long as the bankruptcy case is not resolved.

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Ex-NSA employee arrested on espionage charges for allegedly trying to sell secrets to foreign power

East Bay Times 30 Sep 2022

Between August and September, Dalke allegedly used an “encrypted email account to transmit excerpts of three classified documents he had obtained during his employment” to someone he believed was working for a foreign government ... Dalke allegedly transmitted excerpts of three classified documents to the undercover FBI agent.

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Ex-NSA worker charged with trying to sell US secrets

Federal News Radio 30 Sep 2022

DENVER (AP) — A former National Security Agency employee from Colorado is accused of trying to sell classified information to a hostile foreign government in an attempt to pay off his debts and “help balance” the world’s scales, according to court documents released Thursday.

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Ex-NSA employee in Colorado arrested on espionage charges for allegedly trying to sell secrets to ...

Lamar Ledger 30 Sep 2022

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Self-cleaning glass startup InnovaSonic files for Chapter 7 bankruptcy

Business Journal 29 Sep 2022

Based in Dublin, InnovaSonic voluntarily filed for Chapter 7 bankruptcy protections on Tuesday, court documents show.

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Bankrupt Compute North Receives Court Approval to Continue Operations

Coinspeaker 27 Sep 2022

Yesterday, Judge Marvin Isgur of the US Bankruptcy Court for the Southern District of Texas (Houston), signed an additional three orders ... The bankruptcy documents show that of the $300 million line of credit extended by Generate Capital, only $100 million remains outstanding.

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Bitdeer to invest in lending fund for bitcoin miners: Report

The Block 27 Sep 2022

Last Thursday, bitcoin mining hosting provider Compute North filed for Chapter 11 bankruptcy, stating in a document that “after any administrative expenses are paid, no funds will be available for distribution to unsecured creditors.” ... according to the initial bankruptcy filing.

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Court approves more first-day motions in Compute North bankruptcy case

The Block 26 Sep 2022

Compute North filed for Chapter 11 bankruptcy last Thursday, stating in a document that “after any administrative expenses are paid, no funds will be available for distribution to unsecured creditors.” ... According to bankruptcy documents, just over $100 million of the $300 million line of credit extended by Generate Capital remains outstanding.

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CFO of Troubled Crypto Lender Voyager Digital Resigns

Coinspeaker 26 Sep 2022

Voyager Digital’s Chief Financial Officer Ashwin Prithipaul had joined the company just two months ahead of the company announcing its bankruptcy ... Just two months before declaring bankruptcy, Prithipaul joined Voyager Digital in May as the company’s CFO ... Voyager Digital filed for Chapter 11 bankruptcy earlier this year in July.

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Celsius (CEL) Slips 5.58%: Leaked Audio Reveals Compensation Plan

Inside Bitcoins 26 Sep 2022

The creditor committee represents the interests of creditors and consumers in bankruptcy proceedings ... According to a court document, the insolvent cryptocurrency lender filed a motion with the bankruptcy court on September 15 asking for permission to liquidate its stablecoin assets to pay for its Chapter 11 proceedings.

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Charlottesville's Fashion Square Mall sells again

The Roanoke Times 25 Sep 2022

That document references the bankruptcy of Sears, Roebuck and Company, which anchored one end of the mall and was part of the original operating agreement for the shopping center ... Bankruptcy Court in 2018 and closed the Albemarle County store early the next year.

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Voyager Digital CFO Resigns After Five Month Stint

CryptoPotato 25 Sep 2022

“On behalf of the Board of Directors and the executive leadership team, I want to extend our sincerest gratitude to Ashwin for his many valuable contributions, especially for his efforts during Voyager’s restructuring process.” Voyager filed for Chapter 11 bankruptcy in July this year.