Nvidia partners with Wall Street firms to raise $500 billion for AI infrastructure, amid rising Middle East shipping attacks and Japan's currency slide.
Four-time Olympic champion Michael Johnson has spoken for the first time since Grand Slam Track's bankruptcy, clarifying that a $500,000 payment to himself was a travel expense reimbursement and stating that athletes have now been paid.
Fifa president Gianni Infantino faces mounting pressure to resign after leaked plans to sell a stake in the World Cup, sparking a rift between global federations and threats of boycotts.
Ein jüngster Diebstahl von 1367 Bitcoin (Wert: ca. 86 Mio. USD) wirft Fragen zur Sicherheit in der Bitcoin-Gemeinschaft auf, trotz der relativ geringen Summe im Vergleich zu früheren digitalen Diebstählen.
Salad and Go filed for Chapter 11 bankruptcy and announced the permanent closure of all remaining locations, citing strategic growth challenges, high costs, and a broader consumer pullback driven by a cyclospora outbreak.
Former Hellyer mine executives Brad Monks and Rodger Johnston failed to set aside a bankruptcy ruling in the federal court, ordered to repay $8.5M in misappropriated funds.
Jack Link's transformed a struggling Wisconsin slaughterhouse into a multibillion-dollar meat snacks empire through innovation, strategic acquisitions, and effective marketing, riding protein-focused diet trends.
Bitcoin mining pool Poolin Technology filed for Chapter 11 bankruptcy, owing $163.7 million in IOUs to wallet users. Its Texas affiliates seek court approval to sell assets for an initial $52 million, covering only 31.8% of the IOUs, with final recovery for unsecured creditors uncertain due to various unresolved factors.
The Christian Brothers initially declared insolvency, threatening to leave child abuse survivors shortchanged after transferring properties worth hundreds of millions to Edmund Rice Education Australia for $1 each. Following sustained pressure, EREA agreed to take over claims, ensuring full compensation for survivors.
BitMEX, once a major crypto exchange, announced its closure on September 23, advising customers to withdraw funds. The exit, driven by a loss of market share to competitors like Binance and OKX, is a scheduled wind-down without a financial crisis, contrasting with the 2022 CeFi collapses.
Singapore-based Bitcoin mining pool Poolin and two US affiliates filed for Chapter 11 bankruptcy in a New Jersey court, citing estimated liabilities of $100M-$500M. The company, once the largest Bitcoin mining pool, now ranks 17th and seeks to sell two Texas mining sites for $52M.
MVMT Labs, the developer behind Movement Network, filed for Chapter 11 bankruptcy in July 2024, listing $1M-$10M in liabilities against $100K-$1M in assets, just months after raising $38M. Creditors now face uncertainty regarding asset ownership and claims amid a complex operating structure involving multiple related entities.
The Seoul Bankruptcy Court resumed Homeplus' corporate rehabilitation after the retail chain secured a ₩200B ($130M) debtor-in-possession loan. This offers a temporary reprieve, but Homeplus must submit a credible rehabilitation plan by September 4 to avoid bankruptcy, facing a steep recovery path.
Movement Labs, developer of the Movement Ethereum layer-2 blockchain, filed for Chapter 11 bankruptcy on July 15 in Delaware. This follows a market-making scandal involving co-founder Rushi Manche and Web3Port, which led to a 94% decline in the MOVE token and Coinbase suspending trading.
Sen. Cynthia Lummis's CLARITY Act aims to protect crypto customers in bankruptcies like Celsius by defining digital assets held for customers as 'customer property.' The bill, which passed the Senate Banking Committee, seeks to clarify ownership rules, though conditions apply to lending and yield products.
A Seoul bankruptcy court extended Homeplus Co.'s rehabilitation proceedings until Sept. 4 after the troubled discount chain appealed an earlier termination decision. The extension follows Meritz Financial Group's agreement to provide financing with a full payment guarantee from Homeplus's owner, MBK Partners.
Spain secured their first FIFA World Cup title since 2010 by defeating defending champions Argentina 1-0 in extra time, with substitute Ferran Torres scoring the decisive goal. Argentina played with 10 men after Enzo Fernández was sent off, while a controversial half-time show and a post-game incident involving Donald Trump and Gianni Infantino also occurred.
A Dutch court declared cryptocurrency platform Knaken Cryptohandel BV and its foundation bankrupt, citing €7 million in missing customer assets. The Rotterdam court's ruling follows a criminal investigation and raids by financial crime services, with the company unable to repay users.
The FTX Recovery Trust announced it will distribute approximately $900 million to creditors starting July 31, marking the fifth round of repayments since the exchange's 2022 bankruptcy. This follows a $2.2 billion distribution in March, bringing total payouts to $10 billion, while former executives remain imprisoned and Sam Bankman-Fried's pardon appeal was denied.
US Senator Josh Hawley accused Meta of using "lawfare" to silence former public policy head Sarah Wynn-Williams, who alleged Meta's dealings with China on censorship tools and negative impacts on teenagers. Wynn-Williams is currently restricted from speaking about her memoir due to an arbitration ruling, while Meta disputes her claims.
Lucid Motor's stock dropped 16% after rumors of potential bankruptcy or going private, despite the company denying the claims, citing sufficient liquidity and focusing on operational improvements.
Hofbrauhaus Wolters, a 396-year-old German brewery, has filed for bankruptcy due to soaring energy costs and declining beer consumption. The company will restructure under self-administration, retaining employees as it shifts towards non-alcoholic beverages.
Kolkata airport authorities have indefinitely stopped entry to the 136-year-old Bankra mosque due to security concerns over allowing access solely via Aadhaar cards. Despite recent repairs to the approach road, devotees are currently barred from offering prayers, sparking community concern and calls for clarity.
Matt Shea's documentary explores how crypto billionaires seek to bypass traditional democratic systems, influencing politics and law through wealth and new digital nations like Liberland, with figures like Justin Sun and Donald Trump Jr. involved.
