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.
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.
Dish, operator of Dish TV and Sling TV, has filed for Chapter 11 bankruptcy due to unforeseen delays in its $23 billion 5G spectrum sale to AT&T, leading to insufficient liquidity for debt repayment. Services will continue, and the company plans to emerge from bankruptcy by Q3 2026.
Dish Network, operator of Dish TV and Sling TV, has filed for Chapter 11 bankruptcy due to unforeseen delays in selling $23 billion worth of 5G spectrum to AT&T. The company expects to emerge from bankruptcy by Q3 2026, with Dish TV and Sling TV continuing operations.
