chapter 11

Celsius Founder Alex Mashinsky Pleads Guilty To Fraud

Founder of former cryptocurrency lender Celsius Network, Alex Mashinsky, pleads guilty to two counts of fraud

3 weeks ago

Germany Shoulders €600 Million Of Northvolt Debt

Lender KfW is to be reimbursed by the German government more than €600 million ($629 million) of Northvolt debt

3 weeks ago

Northvolt Files For Bankruptcy Protection In US

Northvolt files for Chapter 11 bankruptcy protection in the United States, and CEO and co-founder Peter Carlsson steps down

4 weeks ago

Northvolt Appoints Restructuring Expert For Main Battery Plant

Restructuring expert appointed to oversea Northvolt's main facility in northern Sweden, amid financial worries

1 month ago

Northvolt Mulls US Bankruptcy Protection – Report

Troubled battery maker Northvolt reportedly considers Chapter 11 bankruptcy protection in the United States as possible option

1 month ago

Fisker Unable To Migrate EV Data To New Owner’s Server

Firesale buyer files emergency objection, after bankrupt Fisker states it cannot transfer vital EV data to new servers

2 months ago

Fisker Seeks Approval For Firesale Of Remaining EVs

Fisker asks bankruptcy judge for permission to sell remaining Ocean SUV at just $14,000 per EV, down from $70,000

6 months ago

Fisker Files For Chapter 11 Bankruptcy

EV maker Fisker files for bankruptcy protection in the US – the second EV venture led by car designer Henrik…

6 months ago

WeWork Emerges From Bankruptcy Protection

WeWork, once valued privately at $47bn and seen as future of workplace, emerges from bankruptcy protection in US

6 months ago

FTX To Repay Creditors In Full, $11 Billion

Good news for creditors. CEO John Ray III says bankrupt crypto exchange FTX will be able to fully repay creditors…

8 months ago

Celsius Network Approved To Exit Bankruptcy

New Jersey-based Celsius Network receives US bankruptcy court approval for a restructuring plan so it can exit Chapter 11

1 year ago

Google Russia Declared Bankrupt After Bank Account Seizure

Russian subsidiary of Google officially declared bankrupt after authorities in Moscow seized bank account in dispute with Western tech

1 year ago

Sam Bankman-Fried Trial Begins With Jury Selection

Trial of former crypto multi-billionaire Sam Bankman-Fried begins in New York, with jury selection underway

1 year ago

Ransomware Attack Blamed As Logistics Firm Collapses

Devastating ransomware attack blamed, as veteran firm KNP Logistics enters administration with 730 jobs lost

1 year ago

FTX’s Sam Bankman-Fried Sent To Jail Over Witness Tampering

FTX's Sam Bankman-Fried sent to jail in the US after judge revokes his $250 million bail over witness tampering

1 year ago

Campaign Finance Charge Against FTX’s Sam Bankman-Fried Dropped

Federal prosecutors drop another charge against FTX co-founder Sam Bankman-Fried, due to extradition agreement with Bahamas

1 year ago

Virgin Orbit Shuts Down After Chapter 11 Filing

Sir Richard Branson ends Virgin Orbit operations going forward, with assets being sold off to rivals in space launch sector

2 years ago

Sam Bankman-Fried Pleads Not Guilty To Additional Charges

Court appearance for former head of FTX, who pleads not guilty to five additional charges from US federal prosecutors

2 years ago

FTX Agrees Deal To Recover $400m From Hedge Fund

New management of failed crypto exchange FTX announce deal to recover more $400 million from a Bahamas-based hedge fund

2 years ago

Virgin Orbit Nears Deal For Emergency Funding, After UK Launch Failure

Days after Virgin Orbit halted operations and furloughed staff, comes a report it is close to securing emergency funding

2 years ago

Sam Bankman-Fried Allegedly Received $2.2 Billion From FTX Entities

Filings from bankrupt FTX show it made transfers of about $2.2 billion to company founder Sam Bankman-Fried

2 years ago

Silvergate Bank To Close Down, Amid FTX Aftermath

Silvergate Capital, one of the two main banks for the crypto industry, announced on Wednesday that it will wind down…

2 years ago

Lawyers For FTX’s Sam Bankman-Fried Hint At Trial Delay

Legal team for former FTX CEO Sam Bankman-Fried suggest they may need more time to prepare legal defence of their…

2 years ago

Former FTX Engineer Pleads Guilty To Fraud Charges

Former engineering director of collapsed cryptocurrency firm FTX has pleaded guilty to six criminal charges, including fraud

2 years ago

FTX’s Sam Bankman-Fried Hit With Four More Charges

Four new criminal charges leveled at FTX's Sam Bankman-Fried concerning illegal political donations and bank fraud

2 years ago

Avaya Files For Chapter 11 Protection, Again

Filing for bankruptcy protection will allow cloud comms provider Avaya to reduce its total debt burden to manageable levels

2 years ago

FTX’s Sam Bankman-Fried Ordered Back To Court, After VPN Use

Federal judge unhappy that FTX's Sam Bankman-Fried used virtual private network (VPN) whilst under house arrest

2 years ago

Recharge Industries Makes Surprise Bid For Britishvolt – Report

Aussie battery startup Recharge Industries reportedly makes non-binding offer for collapsed UK battery firm Britishvolt

2 years ago

Crypto Lender Genesis Files For Chapter 11

Another victim of the fallout from FTX collapse, as crypto lender Genesis files for Chapter 11 bankruptcy protection

2 years ago

Britishvolt Calls In Administrators, After Months Of Struggle

Despite staff at battery start-up Britishvolt in Northumberland taking a pay cut last year, the firm has now filed for…

2 years ago