Bankruptcy

Lawsuit Against FTX Founder, As New Boss Slams Previous ManagementLawsuit Against FTX Founder, As New Boss Slams Previous Management

Lawsuit Against FTX Founder, As New Boss Slams Previous Management

Class action lawsuit launched against Sam Bankman-Fried, as new FTX CEO slams previous corporate management practices

2 years ago
Failed FTX Exchange Could Have A Million CreditorsFailed FTX Exchange Could Have A Million Creditors

Failed FTX Exchange Could Have A Million Creditors

As regulators begin investigations into FTX's bankruptcy, filings indicate the failed crypto exchange could have 1 million creditors

2 years ago
FTX Crypto Exchange Files For Bankruptcy, CEO ResignsFTX Crypto Exchange Files For Bankruptcy, CEO Resigns

FTX Crypto Exchange Files For Bankruptcy, CEO Resigns

Chapter 11 for cryptocurrency exchange FTX, after it failed to secure rescue bid and additional funding. CEO Sam Bankman-Fried resigns

2 years ago
FTC Closely Watching Developments At Twitter, As More ResignFTC Closely Watching Developments At Twitter, As More Resign

FTC Closely Watching Developments At Twitter, As More Resign

Elon Musk raises possibility of bankruptcy at Twitter, as entire privacy and compliance team resigns prompting FTC warning

2 years ago
Britishvolt Secures Funding For Five WeeksBritishvolt Secures Funding For Five Weeks

Britishvolt Secures Funding For Five Weeks

Staff at battery start-up Britishvolt in Northumberland take a pay cut, after it secures five-week funding lifeline

2 years ago
UKCloud Placed Into ‘Compulsory Liquidation’UKCloud Placed Into ‘Compulsory Liquidation’

UKCloud Placed Into ‘Compulsory Liquidation’

Public-sector cloud provider UKCloud and parent Virtual Infrastructure Group has been forced into compulsory liquidation

2 years ago
Celsius Seeks Permission To Sell Stablecoin AssetsCelsius Seeks Permission To Sell Stablecoin Assets

Celsius Seeks Permission To Sell Stablecoin Assets

Bankrupt cryptocurrency lender Celsius Network files request to sell its stablecoin assets, as it seeks funds to continue operations

3 years ago
Bankrupt Celsius Network To Pay CFO $90,000 Per Month – ReportBankrupt Celsius Network To Pay CFO $90,000 Per Month – Report

Bankrupt Celsius Network To Pay CFO $90,000 Per Month – Report

Cash strapped cryptocurrency lender Celsius Network wishes to bring back former CFO Rod Bolger and pay him $92,000 per month

3 years ago
Celsius Network Files For Bankruptcy ProtectionCelsius Network Files For Bankruptcy Protection

Celsius Network Files For Bankruptcy Protection

Troubled cryptocurrency lender Celsius Network confirms it has filed for bankruptcy protection as it seeks to restructure

3 years ago
Celsius ‘Deeply Insolvent’, US State Regulator BelievesCelsius ‘Deeply Insolvent’, US State Regulator Believes

Celsius ‘Deeply Insolvent’, US State Regulator Believes

Vermont regulator warns crypto lending firm Celsius “lacks the assets and liquidity to honour its obligations to account holders and…

3 years ago
Tesla Factories In Texas, Germany Losing Billions Of Dollars, Says Elon MuskTesla Factories In Texas, Germany Losing Billions Of Dollars, Says Elon Musk

Tesla Factories In Texas, Germany Losing Billions Of Dollars, Says Elon Musk

Car factories for Tesla in Austin, Texas and Germany are “gigantic money furnaces right now” and losing billions, says Elon…

3 years ago
Google’s Russian Unit To File For Bankruptcy – UpdateGoogle’s Russian Unit To File For Bankruptcy – Update

Google’s Russian Unit To File For Bankruptcy – Update

Google subsidiary in Russia has its local bank account seized by authorities, and responds by announcing intention to file for…

3 years ago
SpaceX’s Elon Musk Warns Of Bankruptcy Risk Over Engine IssueSpaceX’s Elon Musk Warns Of Bankruptcy Risk Over Engine Issue

SpaceX’s Elon Musk Warns Of Bankruptcy Risk Over Engine Issue

SpaceX CEO Elon Musk warns of “disaster” concerning production of Starship Raptor engine that puts entire firm at bankruptcy risk

3 years ago
Elon Musk Admits Tesla Was ‘A Month Away’ From BankruptcyElon Musk Admits Tesla Was ‘A Month Away’ From Bankruptcy

Elon Musk Admits Tesla Was ‘A Month Away’ From Bankruptcy

The CEO of the world's most valuable car maker has admitted Tesla was at one stage in serious danger of…

4 years ago
Role Of Wirecard Supervisors To Be Probed By EURole Of Wirecard Supervisors To Be Probed By EU

Role Of Wirecard Supervisors To Be Probed By EU

The actions of financial supervisors responsible during the Wirecard collapse should be investigated, says senior EU official

5 years ago

UK Government To Acquire £400 Million Stake In OneWeb

Watch out SpaceX's Elon Musk? British government and Bharti Global announce deal to acquire satellite broadband company OneWeb

5 years ago

Wirecard Collapses, Files For Insolvency

German fintech start-up Wirecard has filed for insolvency, becoming the first DAX member to fail after a financing scandal

5 years ago

OneWeb Launches More Satellites, Despite Bankruptcy Report

London-based broadband provider launches more satellites into space to increase coverage, despite Coronavirus and reports of bankruptcy move

5 years ago