Tag: bankruptcy
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Celsius issues creditors USD 3 bln in crypto in exit from bankruptcy
In a groundbreaking move, Celsius, a prominent financial services company, has announced that it will issue its creditors a total of USD 3 billion in cryptocurrencies as part of its successful exit from bankruptcy. After months of strategic planning and negotiations, Celsius has devised a unique resolution that benefits both the company and its creditors.…
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Terraform Labs files for bankruptcy in the US
In a shocking turn of events, Terraform Labs, a prominent player in the sustainable energy sector, has filed for bankruptcy in the United States. The news has sent shockwaves through the industry and raised concerns about the future of renewable energy initiatives. Terraform Labs, known for their innovative projects in the field of renewable energy…
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FTX files reorganisation plan to end bankruptcy
FTX Files Reorganisation Plan to End Bankruptcy The prestigious financial institution, FTX, has recently revealed its comprehensive reorganisation plan to emerge from its current bankruptcy situation. The plan aims to restructure the company’s assets, streamline operations, and regain financial stability for the benefit of all stakeholders involved. Challenging Times for FTX Over the past year,…